Client’s Funding definition
Examples of Client’s Funding in a sentence
Funds may be maintained in Client’s Funding Balance for a maximum of ninety (90) days.
Once Settlement has been received by AFEX with respect to a Forward Contract or Option Contract, AFEX will deliver the funds in accordance with the Order or, if no such Delivery Instruction is provided, will credit Client’s Funding Balance.
Once Settlement has been received by AFEX with respect to a Forward Contract, AFEX will deliver the funds in accordance with the Order or, if no such Delivery Instruction is provided, will credit Client’s Funding Balance.
In the event that the Agreement is terminated for any reason, or in the event that funds are maintained in Client’s Funding Balance beyond the maximum ninety (90) day period permitted above, AFEX may convert funds that are held in Client’s Funding Balance into Client’s base currency at the then-prevailing exchange rate(s) and return such funds to Client.
Once Settlement has been received by Corpay with respect to a Derivative Contract, Corpay will deliver the funds in accordance with the Order or, if no such Delivery Instruction is provided, will credit Client’s Funding Balance.
Where AFEX Ireland receives funds from Clients in relation to Payment Transactions, including Orders where Client provides Delivery Instructions, or funds that have been credited to Client’s Funding Balance or where AFEX receives funds from a third party on Client’s behalf for Incoming Payments, as defined below, these funds will be protected and covered by AFEX Ireland in accordance with the Regulations (“Safeguarded Funds”).
In the event that this Agreement is terminated for any reason, or in the event that funds are maintained in Client’s Funding Balance beyond the maximum ninety (90) day period permitted above, AFEX may convert funds that are held in Client’s Funding Balance into Canadian Dollars at the then-prevailing exchange rate(s) and return such funds to Client.
In the event that this Agreement is terminated for any reason, or in the event that funds are maintained in Client’s Funding Balance beyond the maximum ninety (90) day period permitted above, Corpay may convert funds that are held in Client’s Funding Balance into Australian Dollars at the then- prevailing exchange rate(s) and return such funds to Client.
The Load or reload amount and the Client’s portion of any fees collected from the Cardholder will be electronically transferred by Company to the Client’s Funding Account within two Banking Business Days Such funds transmissions shall be as to all loading transactions that have occurred at or prior to 3:00 P.M. eastern time each banking day since the close of the last banking day.
Client authorises ▇▇▇▇▇▇ to combine Client’s Funding Balance with funds held on behalf of other Corpay clients (collectively “Pooled Funding Balances”) provided that Corpay maintains sufficient accounting records to determine the funds held for the benefit of Client.