Recipient funds definition

Recipient funds means the net amount to be given directly to the recipient in the form of cash, check, or electronic funds transfer to an account the recipient controls.
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Recipient funds means the part of thenet amount financed that will be made availableto be given directly to the recipient. in the form of cash, check, or electronic funds transfer to an account the recipient controls. Recipient funds excludes,
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Recipient funds means the part of the amount financed that will be made available directly to the recipient or to a third party on the recipient’s behalf. Recipient funds excludes, without limitation, any part of the amount financed used to pay off other financings, funds paid to brokers and funds paid to other third parties on behalf of the financer.”
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Examples of Recipient funds in a sentence

  • The Grantee will pay to the Recipient funds available under this Agreement based upon information submitted by the Recipient and consistent with any approved budget and Grantee policy concerning payments.

  • Separate Accounting of Funding Disbursements: Funding Recipient shall account for the money disbursed pursuant to this Funding Agreement separately from all other Funding Recipient funds.

  • It also outlines the sources of Recipient funds and confirms other information regarding the Project.

  • Applicants proposing to assist rental units must ensure that Access to Home for Medicaid Recipient funds are not used to replace other resources available to building owners.

  • Separate Accounting of Funding Disbursements: Recipient shall account for the money disbursed pursuant to this Agreement separately from all other Recipient funds.

  • However, at the discretion of the Recipient, funds allocated to Management and Administration costs (as described in the “Proposed Program Budget”) may be put towards Programmatic costs instead.

  • The Department shall pay to Grant Recipient funds available under this Agreement based upon information submitted by Grant Recipient for allowable costs permitted under the Agreement and consistent with the Project Budget.

  • In reliance upon Recipient’s Application and covenant to comply with all local, state and federal laws, rules and regulations as set forth herein, EDC/VTC agrees to provide the Recipient funds in the amount of $10,000 the use of which shall be expressly limited to the Project and the activities described in Recipient’s application.

  • In reliance upon Recipient’s Application and covenant to comply with all local, state and federal laws, rules and regulations as set forth herein, County agrees to provide the Recipient funds in the amount of $75,000.00, the use of which shall be expressly limited to the Project and the activities described in the Application.

  • A guardian ad litem (GAL) was appointed for the children.Thereafter, the appointed GAL met with numerous persons, including the parties and their children, teachers, counselors, and others.


More Definitions of Recipient funds

Recipient funds means the net amount to be given directly to the recipient in the form of cash, check, or electronic funds transfer to an account the recipient controls. Recipient funds exclude, without limitation, any part of the amount financed used to pay off other financings, funds paid to brokers and funds paid to other third parties. Recipient funds also excludes any part of the amount financed used to pay off other financings, if known by the provider at the time the disclosure is provided. For the purposes of calculating recipient funds, where part of the amount financed will be used to pay off other financing(s), a provider may assume that the amount due under the other financing(s) is the amount due at the time the disclosure is provided.
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Recipient funds means the amount given directly to the recipient by a provider in the form of cash, check, or electronic funds transfer to an account identified by the recipient. Recipient funds is calculated by taking the Funding Provided and deducting funds paid by the provider to third parties (including brokers), any portion of the Funding Provided used to pay off an outstanding balance of a pre- existing financing (either with the same provider or a third-party) and any other amounts deducted from the Funding Provided other than pre-paid finance charges. For the purpose of calculating recipient funds, if the provider does not know the actual amount to be paid to a third-party, the provider may rely on the amount the recipient identifies as being owed. Where the balance owed on an obligation may change over time, a provider may ignore a change in the balance that occurs after the initial disclosure is provided.4
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Recipient funds means the part of the amount financed that will be made available directly to the recipient. Recipient funds exclude, without limitation, any part of the amount financed used to pay off other financings, funds paid to brokers and funds paid to other third parties.
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Recipient funds means the part of the net amount financed that will be made
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Related to Recipient funds

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • 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).

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Current Funds means wire transfers, certified funds or cashier's checks in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds.

  • Grant Funds means any and all funds allocated or disbursed to Grantee under this Agreement.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Funds means financial assets and benefits of every kind, including, but not limited to:

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

  • Participating Funds means those Funds that are parties to a particular repurchase transaction effected through the Joint Trading Account.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Fresh Funds means funds that:

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

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

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Member Account means the regular account and the variable account.

  • Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.

  • Armada Funds entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the Trust Property, and all persons dealing with any class of shares of the Trust must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Trust.

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

  • Service Provider Personnel means and refers to Service Provider employees or subcontractors hired and maintained to perform Services hereunder.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • 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.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.