Examples of Cleared Funds in a sentence
The Subscriber further acknowledges and accepts that if payment in full in Cleared Funds in respect of an application has not been received by the relevant Settlement Date or in the event of non-clearance, any allotment or issue of Shares made in respect of such application shall be cancelled and the Directors may charge the Subscriber for any expense incurred by the Company and for any loss to the Sub-Fund arising out of such non-receipt or non-clearance.
The Customer shall pay to Firma in Cleared Funds the Settlement Amount, prior to the Value Date.
If Firma requires the Customer to provide a Margin, the Customer must provide the Margin or additional Margin, as applicable, in Cleared Funds by 16:00 hours Local Time on the next Business Day following the date on which the request was made.
We may, at our discretion, allow withdrawal of funds that are not Cleared Funds.
Following Firma’s receipt of Cleared Funds from the Customer for the Settlement Amount, the currency purchased shall be sent to the Beneficiary by such payment method designated by Firma, in its discretion.