Uncollected Funds definition
Uncollected Funds means all deposits of items which shall be on deposit in the Collateral Account from time to time during the period from the date on which such deposits became Available Funds to the beginning of the second following Banking Day.
Uncollected Funds. If the Check is returned for any other reason or if the Check is returned a second time, Bank will debit the Account and return the Check to Seller. Seller agrees that Bank will not send a returned item notice to Seller for a returned Check unless Seller and Bank have agreed otherwise. ACCEPTABLE PAYEES
Uncollected Funds means all deposits of items which shall be on deposit in any Lockbox Account maintained by the Borrowers at JPMorgan from time to time during the period from the date on which such deposits became Available Funds to the beginning of the second following Banking Day.
Examples of Uncollected Funds in a sentence
Absent information to the contrary (i.e., notification from the payee institution), Uncollected Funds will be considered Good Funds on the tenth calendar day following trade date.
An Uncollected Funds Fee will be assessed based on the average Items processed by the Bank against uncollected funds in the Account.
Please refer to the "Items Presented Against Insufficient, Unavailable or Uncollected Funds" section of this Agreement.
Ten Day Hold o Uncollected Funds Shares purchased by personal, corporate, or governmental check, or by ACH will be considered uncollected until the PAGE 15 information relative to the payment necessary to determine when the payment becomes Good Funds.
The Agent shall notify the Borrowers of the amount of the Uncollected Funds Compensation for the preceding calendar month in the next monthly statement rendered by the Agent to the Borrowers.
More Definitions of Uncollected Funds
Uncollected Funds means all deposits of items which shall be on deposit in any Lockbox Account maintained by the Borrowers at Chase from time to time during the period from the date on which such deposits became Available Funds to the beginning of the second following Banking Day.
Uncollected Funds does not include those checks, drafts and other items and instruments drawn on or payable by Lender or presented for direct collection by Lender or transferred through an electronic funds transfer system or through an automated clearing house, or any other funds which Lender determines, in its sole discretion and judgment, to exclude for purposes of making an Uncollected Funds Advance.
Uncollected Funds. Vanco can setup a one-time transaction to try and collect the funds again before the account is put on hold. This is an optional feature that can be turned on or off (call ▇▇▇-▇▇▇-▇▇▇▇ for details). Normal transaction fees apply (see eCheck Program Charges). You also have the option to set up an additional transaction to pull for a Non-Sufficient Funds (NSF) fee. Normal transaction fees apply (see eCheck Program Charges).
Uncollected Funds means all deposits of items which shall be on deposit in the Collateral Account from time to time during the period from the date on which such deposits became Available Funds to the beginning of the second following Business Day.
Uncollected Funds means any and all items, including, but not limited to, checks, drafts, and other items and instruments deposited by Borrower, payable by a third party to Borrower, in Borrower's deposit account # 22606270 maintained wit▇ ▇▇▇▇▇▇ which items have not yet been paid by the payer of said items as a result of the Bank having to put a hold on the funds pursuant to the Account Agreement, any Banking Regulation or because of the time necessary for an item to be paid by the payer when submitted through normal banking channels. The term "Uncollected Funds" does not include those checks, drafts and other items and instruments drawn on or payable by Lender or presented for direct collection by Lender or transferred through an electronic funds transfer system or through an automated clearing house, or any other funds which Lender determines, in its sole discretion and judgment, to exclude for purposes of making an Uncollected Funds Advance.
Uncollected Funds. Bank policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. (Unless the bank has reasonable cause to hold longer, in which case, the bank will notify you in writing.)
Uncollected Funds means the amount of funds in Client’s account which are not available for withdrawal or payment of Client’s checks, due to holds placed on check deposits or holds placed resulting from any legal action, such as a tax levy.) The Bank shall be under no obligation to execute any wire transfer until it verifies the Wire Transfer Request.