Bank Funds definition

Bank Funds means surplus funds held by the Company at its bank accounts for the purposes of maintaining the Academies;
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Bank Funds funds made available to Borrower by the Syndication Parties pursuant to Advances. S. BANK GROUP: the Syndication Parties considered collectively.
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Examples of Bank Funds in a sentence

  • For information about when funds from a deposit become available and you can withdraw them, please see the Definitions section of the Agreement, or inquire directly with Bank management regarding the Bank Funds Availability Policy.

  • Seller shall receive a credit at Closing in an amount equal to all House Bank Funds.

  • Private Bank Funds I (the “Fund” or the “SICAV”) is an investment company incorporated on 16 February 2006 for an unlimited period of time.

  • The name of the SICAV was changed from JPMorgan Private Bank Funds I to Private Bank Funds I on 1 August 2015.

  • The Total Purchase Price will be due and payable by Buyer at Closing by Cashier’s Check from a U.S. Bank in U.S. Bank Funds or by Wire Transfer pursuant to instructions from the Settlement Agent.

  • Purchaser’s representative conducting the Closing Inventory shall confirm the amount of the Store Bank Funds on hand at each of the Stores, and give Seller’s representative a written receipt for them.

  • The Bonds shall be settled by electronic funds transfers through CBN Inter Bank Funds Transfers System (CIBTFS), National Electronic Funds Transfer (NEFT) or Real Time Gross Settlement (RTGS).

  • At the request of the Department, the Bank will deduct this fee from payments received prior to depositing such payments in the SRF or Bank Funds.

  • Bank interest income is recognised on an accrual basis, except for JPMorgan Private Bank Funds I - Islamic Global Dynamic Equity Fund, which is not allowed to be charged with debit interest nor allowed to receive credit interest.

  • All the Company’s cash in hand or at the bank or at any other financial institution following completion of due accounting procedures namely, the Bank Funds.

Related to Bank Funds

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Fresh Funds means funds that:

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Good Funds means immediately available funds delivered by confirmed wire transfer to an account designated by the Closing Agent.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent) or if not rated, determined by the Adviser to be of comparable quality.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Funds means financial assets and benefits of every kind, including, but not limited to:

  • Excess Funds shall have the meaning set forth in Section 2(l) of this Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.