Customer Funds definition

Customer Funds means any investments in client or customer assets identified in the books and records of the Borrower and its subsidiaries whether held in trust accounts or otherwise pursuant to investment policies established by the Borrower and its subsidiaries from time to time.

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Customer Funds means the balance of funds held by Bank on behalf of a Customer.

Customer Funds means cash added to the Membership Card by the Member via a Gaming Machine or a cashier;

Examples of Customer Funds in a sentence

• A Bank-owned, Bank-controlled Program Account shall be set up for Bank’s receipt of Customer Funds that have been deposited to Accounts in order to hold the Customer balances (the “SDA Account”).

• The Parties acknowledge and Master Services Agreement CONFIDENTIAL AND PROPRIETARY agree that all Customer Funds shall be held in trust for the benefit of the Customers, and that neither Bank nor Client shall have an equitable interest in Customer Funds and such Customer Funds will not be used for any other purpose, including set-off.

• The SDA Account shall be set up such that (i) all Customer Funds are held by Bank as deposits of Customers for the purpose of securing credit Transactions initiated by Customers, or as otherwise permitted by this Agreement or the Customer Agreement, and Bank shall be liable to Customers with respect to such Customer Funds not used to secure credit transactions, and (ii) neither Bank nor Client have an equitable interest in the Customer Funds not securing credit transactions.

More Definitions of Customer Funds

Customer Funds means all monies received from, held on behalf of, credited, or paid-out to a Customer.

Customer Funds means money deposited by Customer via Tatrym Platform for the purposes of trading Instruments.

Customer Funds means the funds maintained in the custodian account;

Customer Funds means the digital assets, fiat currency, or other property deposited by a digital asset customer.

Customer Funds means any cash or cash equivalents received by, or on behalf of, an Acquired Company for the purpose of satisfying the obligations of any customer of an Acquired Company; including any such amounts shown on the Most Recent Financial Statements.

Customer Funds all readily identifiable cash amounts (a) belonging or owing to any Group Members’ customers and/or their payees and (b) that any Group Member accepts as agent of a payee as defined by the laws of the state in which this occurs.

Customer Funds means sums of funds received in exchange for electronic money that has been issued; “Cybersecurity” has the meaning assigned to the term in the Cybersecurity and Cybercrimes Act, 2021;