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.
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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.
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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").
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Examples of Prepaid Funds in a sentence

  • Any portion of Prepaid Funds unused following such period shall expire and not be subject to any refund or credit.

  • All Pre-paid Funds must be received by Xxxx in cleared funds before any Incentives can be issued by the Customer.

  • 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.

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

  • Upon termination the Customer may redeem all of any Available Prepaid Funds free of charge.

  • 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.

  • 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 will repay any remaining Prepaid Funds (without interest) within two years of the termination for Payment Default.

  • 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.

  • Available Prepaid Funds are held in a secure client account, specifically for the purpose of redeeming transactions made via Card.


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.
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Related to Prepaid Funds

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

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • 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.

  • 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.

  • Unspent Funds means the amount reported as unspent by the Recipient as of December 31, 2023 in the Recipient’s 2023 Annual Report (as defined under the Prior Agreement).

  • 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.

  • 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.