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.