Federal Reserve Funds means the receipt by a bank or banks in the continental United States designated by Landlord of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Landlord by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred.
Federal Reserve Funds shall be deemed to mean the receipt by a bank or banks in the continental United States designated by Seller of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Seller by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred. The description of the manner in which such funds are to be transmitted and the number of designated recipients thereof shall apply with respect to the Cash Balance as well as to any other funds to be paid to Seller hereunder, including but not limited to any funds to be paid to Seller as a result of the adjustments to be made pursuant to Article 13 hereof.
Federal Reserve Funds means the receipt by a bank or banks in the Continental United States designated by Sublandlord of U. S. dollars in form that does not require further clearance, and may be applied at the direction of Sublandlord by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred. Subtenant’s obligation to make such payments shall survive the expiration or earlier termination of the Lease and/or this Sublease.
Examples of Federal Reserve Funds in a sentence
As used herein, the term "Federal Reserve Funds" shall be deemed to mean the receipt by a bank or banks in the continental United States designated by Seller of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Seller by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred.
The Cash Balance shall be paid by wire transfer of immediate clearance "Federal Reserve Funds" (as such term is hereinafter defined) to such account and bank as Seller may, in writing, designate, provided that Seller may designate on one (1) business days notice that the Cash Balance be wire transferred to not more than three (3) designated recipients.
In the United States, the two largest large-value payment systems are the Federal Reserve Funds and Securities Services (Fedwire) and the Clearing House Interbank Payments System (CHIPS).
Send wire transfers to the Treasury Account at FRBNY, using the standard Federal Reserve Funds Transfer format.
At December 31, 1999, there was no balance outstanding on the line of credit and the interest rate was equal to the Federal Reserve Funds Rate plus 1.00 percentage point.
More Definitions of Federal Reserve Funds
Federal Reserve Funds means the receipt by a bank or banks in the continental United States designated by Landlord of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Landlord by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred. As of the date hereof, Landlord’s wiring instructions and ACH Payment instructions are as follows: Xxxxx Fargo Bank, N.A. San Francisco, CA ABA # [***] Acct: # [***] Acct Name: SPUSV5 0000 Xxxxxxxx LLC (DACA)
Federal Reserve Funds to Landlord or its designee pursuant to the wiring instructions set forth below, which wiring instructions Landlord may change from time to time upon not less than ten (10) Business Days prior written notice to Tenant. Non-recurring installments of additional rent shall be paid by Tenant to Landlord in lawful money of the United States of America by good and sufficient check (subject to collection) drawn on a New York City bank which is a member of the New York Clearing House or a successor thereto or such other bank as Landlord shall reasonably approve, at the office of Landlord or such other place in the United States of America as Landlord may designate or, at Tenant’s option, by wire transfer of immediately available Federal Reserve Funds to Landlord or its designee as described in the immediately preceding sentence. As used herein, the term “Federal Reserve Funds” shall mean the receipt by a bank or banks in the continental United States of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Landlord by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred. As of the date hereof, Landlord’s wiring instructions are as follows: Name of Institution: XX Xxxxxx Chase Account Number: 507-887824 Reference: Park Avenue Plaza Owner LLC ABA Number 000000000 As of the date hereof, all checks for non-recurring installments of additional rent shall be sent to the following address: Park Avenue Plaza Owner LLC c/o XX Xxxxxx Xxxxx X.X. Xxx 00000 Xxx Xxxx, Xxx Xxxx 00000-0000
Federal Reserve Funds means the receipt by a bank or banks in the continental United States of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Landlord by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred. As of the date hereof, Landlord’s wiring instructions are as follows: Name of Institution: XX Xxxxxx Chase Account Number: 507-887824 Reference: Park Avenue Plaza Owner LLC ABA Number 000000000 As of the date hereof, all checks for non-recurring installments of additional rent shall be sent to the following address: Park Avenue Plaza Owner LLC c/o XX Xxxxxx Xxxxx X.X. Xxx 00000 Xxx Xxxx, Xxx Xxxx 00000-0000
Federal Reserve Funds shall be deemed to mean the receipt by a bank or banks or other institution in the continental United States designated by Seller of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Seller by such recipient bank or banks or other institution on the day of receipt of advice that such funds have been wire transferred. The description of the manner in which such funds are to be transmitted, and the number of designated recipients thereof, shall apply with respect to the Cash Balance as well as to any other funds to be paid to Seller hereunder, including, but not limited to, any funds to be paid to Seller as a result of the adjustments to be made pursuant to Article 13 hereof.
Federal Reserve Funds. “ shall mean the receipt by a bank or banks in the continental United States designated by Landlord of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Landlord by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred. As of the date hereof, Landlord’s wiring instructions for the payment of fixed annual rent and recurring installments of additional rent are as follows: Name of Institution: JPMorgan Trust Operations Account Number: 160676.1 Account Name: 000 Xxxx Xxxxxx Xxxxxxx XXX Number 000-000-000
Federal Reserve Funds to Landlord or its designee pursuant to the wiring instructions set forth below, which wiring instructions Landlord may change from time to time upon not less than five (5) Business Days prior written notice to Tenant. Non-recurring installments of additional rent shall be paid by Tenant to Landlord in lawful money of the United States of America by good and sufficient check (subject to collection), drawn on a New York City bank which is a member of the New York Clearing House or a successor thereto, at the office of Landlord or such other place in the United States of America as Landlord may designate. As used herein, the term “Federal Reserve Funds” shall mean the receipt by a bank or banks in the continental United States designated by Landlord of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Landlord by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred. As of the date hereof, Landlord’s wiring instructions for the payment of fixed annual rent and recurring installments of additional rent are as follows: Name of Institution: Deutsche Bank Account Number: 00-000 000 Account Name: Xxxxxx Brothers Financial & Development Company Reference: Park Avenue Plaza ABA Number 021 001 033
Federal Reserve Funds means the receipt by a bank or banks in the continental United States designated by Landlord of U.S. dollars in form that does not require further clearance, and may be applied at the direction of Landlord by such recipient bank or banks on the day of receipt of advice that such funds have been wire transferred. As of the date hereof, Landlord’s wiring instructions for the payment of fixed annual rent and recurring installments of additional rent are as follows: Name of Institution: Deutsche Bank Account Number: 00-000 000 Account Name: Xxxxxx Brothers Financial & Development Company Reference: Park Avenue Plaza ABA Number 021 001 033