Unapplied Funds definition

Unapplied Funds means funds which are unable to be credited to the account nominated by a Subscriber within the Settlement Schedule.
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Examples of Unapplied Funds in a sentence

  • Net escrow and unapplied funds as of the transfer date will be sent to Special Servicer via check or wire within three business days of the transfer, accompanied by an explanation of Unapplied Funds codes.

  • Net escrow and unapplied funds as of the Effective Date shall be sent to Special Sub-Servicer via check or wire within three business days of the transfer, accompanied by an explanation of Unapplied Funds codes.

  • The information regarding Unapplied Insurance Proceeds, Unapplied Funds and Unapplied Escrow Amounts with respect to each Contract is true and correct.

  • Assignee shall be entitled to all Unapplied Funds, Prepayments, Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds (as all such terms are defined in Section 15 hereof) and any other sums or other recoveries received by Assignor on account of each Loan after August 20, 2010 (“Cut-Off Date”).

  • In the event the Company cancels this Agreement with the Customer, it agrees to refund the Unapplied Funds that were paid by the Customer since the last Service Cleaning.