Proof of Funds definition

Proof of Funds means evidence that Buyer possesses adequate cash to meet the cash payment obligation of the Contract, to be determined as to its sufficiency solely by the judgment of Seller.
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Proof of Funds means evidence reasonably satisfactory to Seller that Buyer has readily available funds to pay the Closing Cash Payment on the Closing Date, which shall be a minimum of $60 million.
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Proof of Funds means documentary evidence of proof of availability of funds to purchase, this may include:
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Examples of Proof of Funds in a sentence

  • In the event Buyer is unable to secure and deliver to Seller such Proof of Funds by 5:00 P.M. Pacific Time on the Contingency Termination Date, then either Seller or Buyer, each in its sole discretion, may terminate this Agreement by giving written notice to the other party no later than 5:00 P.M. Pacific Time on February 10, 2010, in which case this Agreement shall be void, Seller shall be entitled to retain the Stock Deposit, and the parties hereto shall have no further obligations hereunder.

  • The Buyer shall have (1) delivered to the Company the Proof of Funds reasonably satisfactory to the Company and (2) paid each applicable Installment to the Company in accordance with Section 1(c)(i).

  • ICF must furnish Proof of Funds in the form of a Commitment to Fund no later than April 15th, 2014.

  • Buyer shall, at the request of the Seller, provide Seller with Proof of Funds in the amount of the full Purchase Price.


More Definitions of Proof of Funds

Proof of Funds means confirmation of the availability of funds for the purposes of a financing in the form of evidence of such funds being held in a lawyer’s trsut account, in an investor’s bank account, in an escrow agent’s trust account or in some other form satisfactory to DIME, acting reasonably.
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Proof of Funds. The Agreement required the Company to submit proof of funds in the form of a commitment letter from a reputable financial institution stating the purpose of the loan. Did the company submit a commitment letter and from which institution?
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Proof of Funds means documentary evidence of same may be required to include:
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Proof of Funds. BROKER FEE AGREEMENT & NCND This agreement is made between the Parties, effective as of the signatory dates below, for the purpose of assisting each other, from time to time, in providing “Proof of Funds” accounts for third-parties seeking financial services for projects or business opportunities, (“Projects”). Secured Investment Strategies, LLC, ("S.I.S.") agrees, to pay Broker a Success Fee on a per Project basis equal to 0.15% of the funds arranged, under the S.I.S. “Proof of Funds” program for third-parties introduced to S.I.S. by Broker, payable within 3 business days after the Arrangement Fees due S.I.S. for each Project are received by S.I.S. The 0.10% Arrangement Fee will be charged by S.I.S. to client and passed through to to Broker. Broker may request that a different amount be included in the S.I.S. Arrangement Fee, and if approved by S.I.S. at its sole discretion, then that amount shall be paid as a Success Fee pursuant to this agreement. Any discounts provided by S.I.S. on Arrangement Fees for each project after the first month the account is opened shall be applied equally against any Success Fee due Broker. The Parties agree not make any contact with, solicit , deal, or speak with, or be involved in contracts or in any transactions with regard to any source, lender, trust, investor, broker, client and/or equity partner, that the Parties introduce to each other, without the express written consent of the other Party. It is further agreed that the identities of any source, lender investor, trust, broker, client, and/or equity partner introduced by the Parties to each other, directly or indirectly, are currently and in the future, are the exclusive and sole property of the introducing Party and shall not be disclosed to any third party without the express written consent of the other Party.
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Proof of Funds means evidence that Buyer possesses adequate cash to meet the cash payment portion obligation of the Contract to be determined as to its sufficiency solely by the judgment of Mtn View.
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Related to Proof of Funds

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • Proof of address/business address means a document less than 3 months old containing residential address that is a utility bill, bank statement, rates account or tax invoice.

  • Cost of Funds means, with respect to a Loan in an Alternative Currency, the actual cost to a Lender of funding or maintaining such Loan in the applicable currency from whatever source it may reasonably select for the relevant Interest Period.

  • Proof of financial responsibility means proof of ability to respond in damages for liability, on account of accidents occurring after the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in the amount of twenty-five thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, in the amount of fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and in the amount of twenty-five thousand dollars because of injury to or destruction of property of others in any one accident.

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Administrative hearing means a type of hearing that an appellant may elect in which the presiding officer reviews the written record only and makes a decision based on the facts available within the appeal file. An administrative hearing does not require an in-person or teleconference hearing. The final determination to establish whether an administrative hearing may be held will be made by the appeals section or the presiding officer.

  • Statement of SEN means a statement made under section 324 of the Education Act 1996.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • graduate psychiatric nurse means a person whose name is entered on the register of graduate psychiatric nurses of the College of Registered Psychiatric Nurses of Manitoba. The terms of this Agreement shall be applicable to the graduate nurse, the graduate practical nurse, graduate psychiatric nurse, and graduate nurse practitioner, except as otherwise specified in the Collective Agreement.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • District and high school graduation report means a report of the number of pupils, excluding adult education participants, in the district for the immediately preceding school year, adjusted for those pupils who have transferred into or out of the district or high school, who leave high school with a diploma or other credential of equal status.

  • Bond election means an election held for the purpose of approving or rejecting

  • Interfund loan means a loan of cash from one fund to another, subject to future repayment.

  • Statement of Account means the consolidated statement of account, or statement of account, issued by us every month to you setting out transactions of your Account(s).

  • Claims Administration means the processing of claims made under the Shared Policies, including, without limitation, the reporting of claims to the insurance carriers and the management of the defense of claims.

  • Statement of Additional Information means, respectively, the form of prospectus and statement of additional information with respect to the Fund filed by the Investment Company as part of the Registration Statement, or as they may be amended or supplemented from time to time.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Interest Rate Protection Obligations means the obligations of any Person pursuant to any Interest Rate Protection Agreements.

  • Custodial Agreement An agreement that may be entered into among the Company, the Master Servicer, the Trustee and a Custodian pursuant to which the Custodian will hold certain documents relating to the Mortgage Loans on behalf of the Trustee. Custodian: A custodian appointed pursuant to a Custodial Agreement.

  • 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.