Prepaid Funds definition

Prepaid Funds means a pool of funds prepaid by Client which may be applied to Services or Education pursuant to a mutually agreed upon Schedule.
Sample 1Sample 2Sample 3
Prepaid Funds. Pursuant to a Letter of Intent dated April 6, 1998, by and between the parties herein, Lessee has deposited with Lessor Twenty-five Thousand Dollars and 00/100 ($25,000.00) which shall be applied in the following manner: $15,000.00 shall be applied to the Security and Damage Deposit as described in Article 10 of this lease and $10,000.00 shall be applied towards August 1998 Base Rent.
Sample 1
Prepaid Funds means a pool of funds prepaid by Customer which may be applied to Services or Training pursuant to a mutually agreed upon Schedule. Process/Processing/Processed, Data Controller, Data Processor, Data Subject, Personal Data", Special Categories of Personal Data and any further definition not included in this Addendum or the Agreement shall have the same meaning as in the EU General Data Protection Regulation 2016/679 of the European Parliament and of the Council ("GDPR").
Sample 1

Examples of Prepaid Funds in a sentence

  • Pre-paid Funds has the meaning defined in clause 6.2 Term the duration of these Terms, as determined in accordance with clause 2 of these Terms.

  • The Prepaid Funds shall be held by a Paying Agent appointed by the Issuer for the benefit of, and on behalf of, the Sellers (the “Paying Agent”) whereupon, subject to any withholding required under any applicable law, each Seller (or any nominee of the Seller) shall receive from the Prepaid Funds an amount equal to the Secondary Purchase Price payable thereto as set forth in the Closing Notice delivered to each such Seller.

  • Covad confirms that the Prepaid Funds were expended by Covad exclusively and solely to defray the upfront costs of providing the XGDSL Services under the Trial Agreement to purchase and deploy new DSLAMs and other equipment, to augment Covad’s network and to purchase line cards for the XGDSL Services.

  • Covad may elect to close COs that were built out with the Prepaid Funds, the Phase I Financing, the EarthLink Phase II Financing, or the Phase II Remainder Financing, subject to the provisions of this Section 4.3 and Section 4.5 below.

  • During the Agreement the Customer may redeem some or all of any Available Prepaid Funds by contacting Our Customer Services team at xxxxxxx@xxxxx.xxx in which case the Customer may be charged a redemption fee.

  • You may apply the Prepaid Funds to a CSBP fertiliser order by ordering and collecting CSBP fertiliser following 1 December 2021.

  • If you do not use some or all the Prepaid Funds by 28 February 2022 then the unused Prepaid Funds will remain in your CSBP account, but you will not be entitled to receive the Bonus Amount in relation to CSBP granular fertiliser (liquids excluded) orders paid for utilising the Prepaid Funds.

  • If you are in default of payment obligations under a contract between you and CSBP, or (if you are a company) you are insolvent as that term is defined under the Corporations Act, or (if you are an individual) you commit an act of bankruptcy under the Bankruptcy Act, then CSBP may apply the Prepaid Funds to amounts that you owe to CSBP.

  • The Prepaid Funds will be used to offset charges in the manner specified in Section 2.2 of this Agreement.

  • The Bonus Amount is $12/tonne (ex GST) of CSBP granular fertiliser (liquids excluded) ordered and collected during the period from 1 December 2021 and 28 February 2022 to which the Prepaid Funds are applied to.


More Definitions of Prepaid Funds

Prepaid Funds means moneys advanced by certain Homeowners to MPI's predecessor in interest, Xxxxxxx Preservation, Inc., a Florida not-for-profit, non-stock corporation, on account of the proposed acquisition of an ownership interest in MPI or the Property.
Sample 1

Related to Prepaid Funds

  • Prepaid Expenses has the meaning set forth in Section 1.2(f).

  • Collected Funds means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such Collection Period, including all Net Liquidation Proceeds collected during such Collection Period (but excluding any Purchase Amounts).

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Good Funds means immediately available funds delivered by confirmed wire transfer to an account designated by the Closing Agent.

  • Excess Funds shall have the meaning set forth in Section 2(l) of this Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Interest Proceeds means, with respect to any Collection Period or the related Determination Date, without duplication, the sum of:

  • Assumed Deposits means Deposits.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.