Relevant Funds has the meaning as described in clause 15.2 of this Agreement.
Relevant Funds means any other Fund(s) under which the PTE receives Funding.
Relevant Funds means funds received by Vitesse for the provision of Payment Services and held by Vitesse in accordance with Clause 5.5 of this Agreement and which are credited to the Client’s Payment Account as shown on the Online Interface.Where the Client has selected to receive the issuance of E-Money together with the Payment Service, the relevant funds are the funds received in exchange for the E-Money issued to the Client. Where the Client has selected to receive the Payment Service without any E-Money being issued to the Client, the relevant funds are the funds received by Vitesse (i) from, or for the benefit of the Client, for the execution of a payment transaction or (ii) from a Payment Service Provider for the execution of a payment transaction on behalf of the Client;
Examples of Relevant Funds in a sentence
We can deduct from Relevant Funds any fees and expenses properly owed to us.
If you give us an instruction for an FX Contract and to use the monies received as a result for a Payment Service, then the currency you purchased in the FX Contract may become Relevant Funds, and at that point will be safeguarded.
It means that the Relevant Funds are held in segregated bank accounts which are independent of our business bank accounts.
We cannot use your Relevant Funds for our own business nor to lend to other customers and we cannot pay interest on Relevant Funds.
More Definitions of Relevant Funds
Relevant Funds has the meaning given to such term at Clause 22.14(a)(iii) (Excess Cash Flow / Purchase of Satellites).
Relevant Funds means any sums received from you or for your benefit and electronic money issued in exchange for these funds in your Global Account.
Relevant Funds means the compensation fund and the fidelity fund established and maintained under the substituted Part;
Relevant Funds means (a) sums received from, or for the benefit of, a payment service user for the execution of a payment transaction; and (b) sums received from a payment service provider for the execution of payment transaction on behalf of a payment service user, as defined in the Payment Services Regulations.
Relevant Funds means the funds received by WorldFirst from, or on account of, the Client in respect of the Forward FX Services, including a sale, purchase or holding of a Forward FX Transaction, but does not include fees or charges owed to WorldFirst or such other sums used to reduce the amount owed to WorldFirst by the Client.
Relevant Funds has the meaning given to it in Clause 19.2.