Proof of Funds definition

Proof of Funds means evidence that Buyer possesses adequate cash to meet the cash payment obligation of the Contract, to be determined as to its sufficiency solely by the judgment of Seller.
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Proof of Funds means evidence reasonably satisfactory to Seller that Buyer has readily available funds to pay the Closing Cash Payment on the Closing Date, which shall be a minimum of $60 million.
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Proof of Funds means documentary evidence of proof of availability of funds to purchase, this may include:
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Examples of Proof of Funds in a sentence

  • Borrower shall notify Lender in writing that Borrower intends to repay any outstanding balances on the Maturity Date no later than thirty (30) calendar days before the Maturity Date and not earlier than sixty (60) calendar days before the Maturity date by requesting the Pay-Off Amount, and Borrower shall provide Proof of Funds to repay all amounts outstanding under this Agreement no later than fourteen (14) Business Days before the Maturity Date.


More Definitions of Proof of Funds

Proof of Funds means written proof in a manner acceptable to Lender of cash or liquid securities held in the Borrower’s name.
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Proof of Funds means confirmation of the availability of funds for the purposes of a financing in the form of evidence of such funds being held in a lawyer’s trsut account, in an investor’s bank account, in an escrow agent’s trust account or in some other form satisfactory to DIME, acting reasonably.
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Proof of Funds. The Agreement required the Company to submit proof of funds in the form of a commitment letter from a reputable financial institution stating the purpose of the loan. Did the company submit a commitment letter and from which institution?
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Proof of Funds means documentary evidence of same may be required to include:
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Proof of Funds. BROKER FEE AGREEMENT & NCND This agreement is made between the Parties, effective as of the signatory dates below, for the purpose of assisting each other, from time to time, in providing “Proof of Funds” accounts for third-parties seeking financial services for projects or business opportunities, (“Projects”). Secured Investment Strategies, LLC, ("S.I.S.") agrees, to pay Broker a Success Fee on a per Project basis equal to 0.15% of the funds arranged, under the S.I.S. “Proof of Funds” program for third-parties introduced to S.I.S. by Broker, payable within 3 business days after the Arrangement Fees due S.I.S. for each Project are received by S.I.S. The 0.10% Arrangement Fee will be charged by S.I.S. to client and passed through to to Broker. Broker may request that a different amount be included in the S.I.S. Arrangement Fee, and if approved by S.I.S. at its sole discretion, then that amount shall be paid as a Success Fee pursuant to this agreement. Any discounts provided by S.I.S. on Arrangement Fees for each project after the first month the account is opened shall be applied equally against any Success Fee due Broker. The Parties agree not make any contact with, solicit , deal, or speak with, or be involved in contracts or in any transactions with regard to any source, lender, trust, investor, broker, client and/or equity partner, that the Parties introduce to each other, without the express written consent of the other Party. It is further agreed that the identities of any source, lender investor, trust, broker, client, and/or equity partner introduced by the Parties to each other, directly or indirectly, are currently and in the future, are the exclusive and sole property of the introducing Party and shall not be disclosed to any third party without the express written consent of the other Party.
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Proof of Funds means evidence that Buyer possesses adequate cash to meet the cash payment portion obligation of the Contract to be determined as to its sufficiency solely by the judgment of Mtn View.
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Related to Proof of Funds

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • Administrative hearing means a type of hearing that an appellant may elect in which the presiding officer reviews the written record only and makes a decision based on the facts available within the appeal file. An administrative hearing does not require an in-person or teleconference hearing. The final determination to establish whether an administrative hearing may be held will be made by the appeals section or the presiding officer.

  • graduate psychiatric nurse means a person whose name is entered on the register of graduate psychiatric nurses of the College of Registered Psychiatric Nurses of Manitoba. The terms of this Agreement shall be applicable to the graduate nurse, the graduate practical nurse, graduate psychiatric nurse, and graduate nurse practitioner, except as otherwise specified in the Collective Agreement.

  • District and high school graduation report means a report of the number of pupils, excluding adult education participants, in the district for the immediately preceding school year, adjusted for those pupils who have transferred into or out of the district or high school, who leave high school with a diploma or other credential of equal status.

  • Bond election means an election held for the purpose of approving or rejecting

  • Statement of Account means the consolidated statement of account, or statement of account, issued by us every month to you setting out transactions of your Account(s).

  • Claims Administration means the processing of claims made under the Shared Policies, including the reporting of claims to the insurance carriers, management and defense of claims and providing for appropriate releases upon settlement of claims.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Custodial Agreement An agreement that may be entered into among the Company, the Master Servicer, the Trustee and a Custodian pursuant to which the Custodian will hold certain documents relating to the Mortgage Loans on behalf of the Trustee. Custodian: A custodian appointed pursuant to a Custodial Agreement.