Examples of Funding Deposit Account in a sentence
Except as otherwise specifically provided herein, all payments hereunder must be received by Buyer on the date when due and shall be made in United States dollars by wire transfer of immediately available funds to the Funding Deposit Account in accordance with Buyer’s wire instructions set forth on Exhibit F.
The Funding Deposit Account consists of excess contribution collected by the System.
If Seller or Guarantor receives any funds intended for Buyer, Seller or Guarantor shall segregate and hold such funds in trust for Buyer and immediately pay to Buyer all such amounts by wire transfer of immediately available funds to the Funding Deposit Account in accordance with Buyer’s wire instructions set forth on Exhibit F together with providing Buyer with a settlement statement for the transaction.
With respect to each Transaction for which Seller has requested Buyer fund the Purchase Price and the related Haircut to the related Approved Payee, Seller shall ensure that there are sufficient funds on deposit in the Funding Deposit Account such that following the withdrawal of the Haircut related to such Transaction by the Buyer, the balance of the Funding Deposit Account is equal to or greater than $0.00.
Provided that no Event of Default, Event of Early Termination or Potential Default has occurred and is continuing, Seller may repurchase a Purchased Asset by paying, or causing a Takeout Investor to pay, to Buyer by depositing cash into the Funding Deposit Account in accordance with Buyer’s wire instructions set forth on Exhibit F, subject to Sections 4.6 and 4.7, the Repurchase Price.
Any cash transferred to the Funding Deposit Account in accordance with Buyer’s wire instructions set forth on Exhibit F pursuant to this Section 6.3 shall be credited to the Purchase Price of the related Transaction(s).
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On or prior to the Business Day preceding each Price Differential Date, Guarantor shall cause all funds held in the Custodial Account to be transferred to and deposited into the Funding Deposit Account.
Provided that no Event of Default, Event of Early Termination or Potential Default has occurred and is continuing, Seller may repurchase a Purchased Asset by paying, or causing an Approved Investor to pay, to Buyer by depositing cash into the Funding Deposit Account in accordance with Buyer’s wire instructions set forth on Exhibit F, subject to Sections 4.6 and 4.7, the Repurchase Price.
According to World Bank statistics, the global poverty rate has declined from an estimated 43% in 1990 to 14.5% today.