Collected and Available Funds definition

Collected and Available Funds means funds in an account equal to the ledger balance minus float which, in our reasonable determination, are not subject to a hold, dispute, or legal process preventing their withdrawal.
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Collected and Available Funds means funds in an account that are available for immediate withdrawal.
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Examples of Collected and Available Funds in a sentence

  • If on any Business Day there are not sufficient Collected and Available Funds in the Master Account to allow us to make a transfer to a Sub-Account to meet your selected Target Balance, we will not transfer any funds to a Sub-Account on that Business Day.

  • While over 60% of FFM enrollees received cost-sharing reductions (CSRs), they are limited to silver plans and may not be enough to encourage certain individuals to enroll.

  • Except as otherwise provided, you must have Collected and Available Funds on deposit in your Treasury Account sufficient to cover all obligations under your Account Agreement.

  • The Credit Union may, in its sole discretion, reject any transfer request if there are insufficient Collected and Available Funds in your authorized account(s); or the transfer request (1) is not authenticated to our satisfaction or which we, in good faith, believe may not be authorized by you; (2) contains incorrect, incomplete or ambiguous information; or (3) involves funds subject to a lien, hold, dispute or legal process which prevents their withdrawal.

  • Sufficient Funds Required.We will make transfers to Sub-Accounts from the Master Account only if sufficient Collected and Available Funds are available in the Master Account.

  • If at any time Collected and Available Funds in the Master and/or Sub-Accounts are insufficient to pay Checks, debits or other withdrawals as presented, we may dishonor Items as described in your Account Agreement.

  • If at any time Collected and Available Funds in the Master and/ or Sub-Accounts are insufficient to pay Checks, debits or other withdrawals as presented, we may dishonor Items as described in your Account Agreement.

  • We will make transfers to Sub-Accounts from the Master Account only if sufficient Collected and Available Funds are available in the Master Account.

Related to Collected and Available Funds

  • Available Funds With respect to any Distribution Date and the Mortgage Loans to the extent received by the Master Servicer (x) the sum of (i) all scheduled installments of interest (net of the related Expense Fees) and principal due on the Due Date on such Mortgage Loans in the related Due Period and received by the Servicer on or prior to the related Determination Date, together with any P&I Advances in respect thereof; (ii) all Condemnation Proceeds, Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries received by the Servicer during the related Prepayment Period (in each case, net of unreimbursed expenses incurred in connection with a liquidation or foreclosure and unreimbursed Advances, if any); (iii) all partial or full prepayments on the Mortgage Loans received by the Servicer during the related Prepayment Period together with all Compensating Interest paid by the Servicer in connection therewith (excluding any Prepayment Charges); (iv) all Substitution Adjustment Amounts with respect to the substitutions of Mortgage Loans that occur on or prior to the related Determination Date; (v) all amounts received with respect to such Distribution Date as the Repurchase Price in respect of a Mortgage Loan repurchased by the Mortgage Loan Seller or the Sponsor on or prior to the related Determination Date; and (vi) the proceeds with respect to the termination of the Trust Fund pursuant to clause (a) of Section 11.01; reduced by (y) amounts in reimbursement for Advances previously made with respect to the Mortgage Loans and other amounts as to which the Servicer, the Depositor, the Master Servicer, the Securities Administrator or the Trustee are entitled to be paid or reimbursed pursuant to this Agreement.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, plus (b) the Excess Finance Charge Collections allocated to Series 2018-B for such Monthly Period, plus (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, plus (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(b), plus (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(d).

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Immediately Available Funds Funds with good value on the day and in the city in which payment is received.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.