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.
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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.
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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
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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.

  • Items which present against Uncollected Funds may be returned by us as an Insufficient Funds Item.

  • The System computes the allowable amount based on the Withdrawable Uncollected Funds Basis option specified in the Branch Parameters Preferences screen.

  • Insufficient Funds, Uncollected Funds or Returned Item (“NSF”) Fee, and Overdraft Fees 6 6.

  • Please see " Items Presented Against Insufficient, Unavailable or Uncollected Funds" section.

  • Uncollected Funds Compensation to JPMorgan shall accrue on the amount of the Uncollected Funds in existence from time to time at a variable rate per annum equal to the Adjusted Base Rate plus the Applicable Margin for Base Rate Loans for two (2) full days.


More Definitions of Uncollected Funds

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 000-000-0000 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).
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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.
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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 # 00000000 maintained with Lender 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.
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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.
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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.)
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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 following Banking Day.
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Related to Uncollected Funds

  • Collected Funds means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such Collection Period, including all Net Liquidation Proceeds collected during such Collection Period (but excluding any Purchase Amounts).

  • Segregated funds means the amount of benefits that would

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.

  • Related Funds means with respect to any Lender that is an Approved Fund, any other Approved Fund that is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,799,999.80.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Excess Funds shall have the meaning set forth in Section 2(l) of this Agreement.

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.

  • Direct Deposit means an ACH credit intended for, or posted to, your Account. A Direct Deposit may include payroll, pension, state or federal payments (including Social Security benefits), from your employer or other originator.

  • Deposit Liabilities means all of Seller’s duties, obligations, liabilities (including accrued interest) relating to the deposit accounts, including, without limitation, all demand, time, savings and individual retirement accounts, located at the Offices as of the Effective Date, as listed as deposits in Exhibit 1.3(a), with the exception of those specifically not assumed by Buyer pursuant to Section 1.2(c).

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Initial Reserve Account Deposit Amount means an amount equal to $1,259,446.66.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Initial Reserve Account Deposit means $3,340,897.69.

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Investment Proceeds means any amounts actually or constructively received from investing Proceeds of the Bonds.

  • Excluded Amounts means:

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Good Funds means immediately available funds delivered by confirmed wire transfer to an account designated by the Closing Agent.

  • Prepayment Account means an account established by the Borrower with the Administrative Agent and over which the Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this paragraph (h). The Administrative Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account in Permitted Investments that are described in clause (a), (b), (c) or (d) of the definition of such term and that mature prior to the last day of the applicable Interest Periods of the Eurodollar Term Borrowings or Eurodollar Revolving Borrowings to be prepaid, as the case may be; provided, however, that (i) the Administrative Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Administrative Agent to be in, or would result in any, violation of any law, statute, rule or regulation and (ii) the Administrative Agent shall have no obligation to invest amounts on deposit in the Prepayment Account if a Default or Event of Default shall have occurred and be continuing. The Borrower shall indemnify the Administrative Agent for any losses relating to the investments so that the amount available to prepay Eurodollar Borrowings on the last day of the applicable Interest Period is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest earned on such investments, the Prepayment Account shall not bear interest. Interest or profits, if any, on such investments shall be deposited in the Prepayment Account and reinvested and disbursed as specified above. If the maturity of the Loans has been accelerated pursuant to Article VIII, the Administrative Agent may, in its sole discretion, apply all amounts on deposit in the Prepayment Account to satisfy any of the Obligations. The Borrower hereby grants to the Administrative Agent, for its benefit and the benefit of the Fronting Bank, the Swingline Lender and the Lenders, a security interest in the Prepayment Account to secure the Obligations.

  • Imposition Deposits are defined in Section 7(a).

  • Regulated Funds means the Existing Regulated Fund, the Future Regulated Funds and the BDC Downstream Funds.