Cleared Balance definition

Cleared Balance means the actual balance that the transfer will take place on and will be based on the cleared balance of the account. Instruction(s): mean the request to transfer funds between the originating and receiving accounts for the funding and/or creaming facility. Lloyds Banking Group: includes Bank of Scotland plc and a number of other companies using brands including Lloyds Bank, Halifax and Bank of Scotland, and their associated companies. Micro-enterprise: means any enterprise, or group of enterprises of which it forms part, which at the time you enter into this Agreement, employs fewer than 10 persons and whose annual turnover and/or balance sheet total does not exceed EUR 2million (or its equivalent).
Cleared Balance means the Account balances that are cleared and available for use by the Client or Participant Clients in their Participant Accounts. Client shall mean the Client as named at the beginning of this agreement including its Personnel, successors, assigns and, in relation to its rights to use the Service, any other authorised person acting within his or her authority. For the purpose of this Agreement, any clauses, terms or conditions that apply to the Client shall be understood to apply to any Participant Client.
Cleared Balance has the meaning given to it in ClauseC4 (Cleared Balance) below: "Schedule of Charges" means the Global Bank of Commerce, Ltd. Schedule of Charges as amended from time to time, a copy of which we have supplied to you with these Terms and Conditions, and of which you may request further copies at any time;

Examples of Cleared Balance in a sentence

  • In such cases the available Cleared Balance (if any) will be transferred.


More Definitions of Cleared Balance

Cleared Balance means the balance on the Facility Account after excluding any Uncleared Items.
Cleared Balance means the amount of cleared funds upon which you may draw.
Cleared Balance means funds that we will allow you to withdraw against (subject to any restrictions on withdrawals) and includes any Arranged Overdraft limit on your account, but may also include late returned cheques.
Cleared Balance has the meaning given to it in Clause C4 (Cleared Balance) below:
Cleared Balance means the actual balance that the transfer will take place on and will be based on the cleared balance of the account which includes available authorised overdraft balance;
Cleared Balance means the actual balance that the transfer will take place on and will be based on the cleared balance of the account; Instruction(s): mean the request to transfer funds between the originating and receiving accounts for the funding and/or creaming facility; Micro-enterprise: means any enterprise, or group of enterprises of which it forms part, which at the time you enter into this Agreement, employs fewer than 10 persons and whose annual turnover and/or balance sheet total does not exceed EUR 2 million (or its equivalent);

Related to Cleared Balance

  • Required Balance has the meaning set forth in the Reinsurance Agreement.

  • Planned Balance Not applicable.

  • Assumed Balance With respect to any Distribution Date, Class of Subordinated Certificates and Loan Group, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).

  • Payahead Balance on a Precomputed Receivable means the sum, as of the close of business on the last day of a Collection Period, of all Payaheads made by or on behalf of the Obligor with respect to such Precomputed Receivable, as reduced by applications of previous Payaheads with respect to such Precomputed Receivable, pursuant to Sections 8.02(b) and 9.09.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.