Net Funds definition

Net Funds means Funds Received less Administration Costs. In most cases, Net Funds is the same as Funds Received as most Individuals and/or Organisations agree to cover all Administration Costs. “Organisations” Third parties including employers and non-employer participants, service providers and others to assist Good2Give with its Charitable Purposes.

Net Funds means the remainder of (x) the gross retail sales price (subject to the Markdown Restrictions) received by Purchaser from the sale of the Closing Date Inventory, minus (y) the Inventory Payment due to Seller under the terms of this Agreement.

Net Funds means Funds Received less a percentage of the Funds Received (where such charges are not covered by Individuals and/or Organisations).

Examples of Net Funds in a sentence

• If any Chargeback (or related fee, fine or penalty) is uncollectible, in whole or in part, from such Gross Funds, Net Funds or Reserve Account, Merchant, upon demand by Teleflora, shall pay to Teleflora the full amount or balance, as applicable, of the Chargeback.

• Subject to the terms and conditions of this Agreement, Teleflora shall cause the Net Funds due to Merchant hereunder to be deposited into Merchant’s Deposit Account within three (3) business days from the date that the applicable Card transaction(s) are settled.

• Pursuant to its rights under Sections 4.5 and 4.6, Teleflora may deduct the amount of any Chargeback (and any related fees, fines, and penalties) from the Gross Funds or the Net Funds (as such terms are defined in Section 4.5) or the funds held in any Reserve Account (as defined in Section 5.1).

• If the Parties elect not to operate such fee for service program together, the Party operating such program shall pay on an annual basis, twenty-five percent (25%) of all Net Funds to the other Party, as consideration for use of such Parties portion of the Library Collections.

• Merchant shall notify Teleflora in writing of any billing error (other than Chargeback-related errors, which shall be governed by Section 3.7) or direct deposit error with respect to any Net Funds or other funds deposited into the Deposit Account, in each case, within ninety (90) days of the date of Merchant’s Statement (in the case of a billing error) or Merchant’s receipt of the Net Funds or other deposit (in the case of a direct deposit error).

More Definitions of Net Funds

Net Funds means, with respect to the Purchase Date Receivables for each Purchase Date, the amount determined by multiplying the aggregate amount deposited in the Collection Expenses Account as of the date that the Net Funds are being determined (the “Calculation Date”) by a fraction, the numerator of which is the Net Invoice Amount of the Purchase Date Receivables and the denominator of which is the aggregate Net Invoice Amount of all the Purchased Receivables sold hereunder as of the Calculation Date. On the date that no further purchase transactions are authorized hereunder Sellers, as compensation for the collection agent services performed hereunder, shall be entitled to all funds remaining in the Collection Expenses Account.

Net Funds means all revenue actually received by the Party operating such fee for service program minus all actual and direct expenses incurred to operate such fee for service program, except for any charge or allocation for use of the Library Building.

Net Funds means Sale Proceeds less costs and expenses of Sale of Business.

Net Funds. See Section 1(g).

Net Funds means the difference between the Gross Funds less the Fees payable at any individual Breakout. The “Trailing Volume” shall equal the average daily volume for the Common Shares during the 30 calendar days preceding each Breakout multiplied by the number of trading days during the 30 calendar days preceding each Breakout. The “Available Breakout” shall equal the product of 20% times the Trailing Volume times the Market Price.

Net Funds shall equal the Gross Funds less the Fees payable at any individual Breakout. The actual amount of Fees and Net Funds to be disbursed to each relevant account upon each Breakout shall be calculated by the Intermediary with the Breakout Calculator, which shall also automatically generate a conforming Senior Purchase Price Disbursement Report for each Breakout, an example of which is provided here: EXHIBIT E SENIOR INVESTOR CERTIFICATE LISTS EXHIBIT F INSTRUCTIONS AND REQUEST FORMATS Wire Instruction Sample TO: ELCO SECURITIES LTD. ATTN: MX. XXXXX XXXXXX RE: ACCOUNT MANAGEMENT AGREEMENT (ACCOUNT NO.: ____________) ______________ formally requests the release of ________________ from its ___________ Account with Elco Securities. ______________ formally makes this request to the Intermediary for release of said asset under the Account Management Agreement. Please deliver the asset to: (Bank Transfer Instructions) Signature: By: ___________________________ Print: Title: Date: EXHIBIT G NOTICE ADDRESSES If to Intermediary: Elco Securities, Ltd. Ixxxx Xxxxxx Loyalist Plaza, Dxx Xxxxxx Blvd.

Net Funds shall equal the Gross Funds less the Fees payable at any individual Breakout. EXHIBIT D SERIES E CONVERSION NOTICE9 The actual amount of Series E Shares to Uncover upon each Breakout can be calculated by the Intermediary with the Breakout Calculator, which shall also automatically generate a conforming Series E Conversion Notice for each Breakout, an example of which is shown here: