Immediately Available Funds. Funds with good value on the day and in the city in which payment is received.
Immediately Available Funds means funds with good value on the day and in the city in which payment is received.
Immediately Available Funds means bank cheque or telegraphic or other electronic means of transfer of cleared funds into a bank account nominated in advance by the payee;
Examples of Immediately Available Funds in a sentence
At least one (1) business day prior to the Closing Date, Buyer shall deposit into Escrow an amount, in Immediately Available Funds, equal to the Purchase Price minus the Deposits, and adjusted by the amount of any credits due or any items chargeable to Buyer under this Agreement (the “Balance”).
Upon the Close of Escrow for the Property, Escrow Holder shall pay any sum owed to Seller with Immediately Available Funds.
If this Agreement has not been previously terminated, then on or before the expiration of the Due Diligence Period, Buyer shall deposit or cause to be deposited with Escrow Holder, in Immediately Available Funds, the additional sum of Two Hundred Twenty-Five Thousand and 00/100 Dollars ($225,000.00) (the “Second Deposit”).
More Definitions of Immediately Available Funds
Immediately Available Funds means cash, bank cashier’s check, or a confirmed wire transfer of funds.
Immediately Available Funds means funds—
Immediately Available Funds means payment in funds credited and immediately available to the Funding Corporation’s account at the FRBNY.
Immediately Available Funds means those amounts deposited in the bank which have been presented for payment and for which payment has actually been received, those funds which have completed the electronic funds transfer process and are available for immediate use by the State Treasurer. See Collected Funds.
Immediately Available Funds means good funds delivered by wire transfer to an account designated by the intended recipient.
Immediately Available Funds means funds which are available for immediate use by Bank at Bank's office hereinabove set forth not later than the due date of such payment. This Note is one of the Notes issued pursuant to that certain Revolving Credit and Term Loan Agreement dated as of October 1, 1985 among Company, Agent, Bank and the other financial institutions a party thereto from time to time (as has been amended to date, most recently of even date herewith pursuant to that certain Twelfth Amendment to Revolving Credit and Term Loan Agreement and as may hereafter be amended or modified from time to time, the "Agreement"). Upon the occurrence of any one or more of the Events of Default specified in the Agreement, the amounts then remaining unpaid on this Note may be declared to be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Company and Company shall be further obligated to reimburse the holder hereof for all reasonable out-of-pocket expenses of the holder in enforcing or attempting to enforce this Note, all as provided in the Agreement. This Note amends and restates but does not extinguish Company's liabilities and outstanding obligations under Company's Second Amended and Restated Revolving Credit Note dated June 20, 1996 to the order of Bank in the original principal amount of $5,000,000. This Note and all rights and obligations hereunder shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. 1st FRANKLIN FINANCIAL CORPORATION By: /s/ A. R. Xxxxxxx -------------------- Name: A. Xxxxx Xxxxxxx Title: Vice President / CFO