Destination of Funds Sample Clauses

Destination of Funds. Where we are to pay money out to you, we will normally do so by telegraphic transfer into an account in your name only. If instead you want us to pay surplus money out into the name of someone other than yourself, please tell us as early as possible, including the reason. If we are not satisfied with the reasons why the funds are being paid to a third party, then we will only pay the funds to you.
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Destination of Funds. The disbursed funds of the Credit shall be exclusively used for the advance payment and/or novation of the Obligations to Refinance, as detailed in Exhibit C – Obligations to Refinance of this Agreement, after satisfying the costs and expenses of structuring this Agreement.
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Destination of Funds. To Where? (Again, a drop down menu of all TFCU accounts and any financial institution approved for A2A transfers) Dollar Amount A final summary will appear repeating the above instructions and will include this warning: *If you authorize this transfer, an electronic transaction will be initiated with your other financial institution. This cannot be cancelled by the credit union. Transfers requested after 11:45 AM ET will not be initiated until the next business day. You should expect to see the funds in the "Transfer To" account within 3 business days. The timing may vary depending on the institution. The TFCU member is asked if he/she approves the instruction. Tongass Federal Credit Union may pull a credit report from one or more national credit reporting agencies to review in determining if an enrollment request will be approved. This information is confidential and held between the credit reporting agency and the TFCU. Members denied approval for A2A may request to speak to the Vice President of Operations or the Chief Executive Officer for further consideration. NOTE: Members who must have funds deposited in an account with certainty of the date posted should consider a wire transfer. While this transaction costs more, members who meet the TFCU cut-off time of 11:30 a.m. Alaska Standard Time can expect the wire to post in the designated account same day. Tongass Federal Credit Union 0000 Xxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000 907.225.9063• 800.960.8328 • xxx.xxxxxxxxxx.xxx Courtesy Pay/Overdraft Protection Service Notice & Request This Courtesy Pay Overdraft Protection Service Notice and Request outlines information about the overdraft protection service of Tongass Federal Credit Union for your ATM and debit card and your request for such services. What you need to know about overdrafts and overdraft fees An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in different ways: We have a standard discretionary Courtesy Pay Service that is provided to consumer checking account holders, if you meet the Service qualifications. We also offer overdraft protection plans, such as a transfer from your savings account or Personal or Home Equity Line of Credit. These may be less expensive than our Courtesy Pay Service. Overdraft protection from your savings account is automatically established when opening a checking account. To learn more, ask us about these options. What doe...
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Related to Destination of Funds

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

  • Allocation of Funds AMO will allocate and transfer Funds on the basis of the formula determined by Ontario.

  • Distribution of Funds All funds received by the Trust to the extent not encumbered by the Indenture and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting from such encumbrance) will be distributed to the Beneficiary.

  • Retention of Funds Contractor hereby authorizes City to deduct from any amount payable to Contractor (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Contractor’s acts or omissions in performing or failing to perform Contractor’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Contractor, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Contractor to insure, indemnify, and protect City as elsewhere provided herein.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • Source of Funds Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder:

  • Allocation and Use of Funds All allocations and use of funds under this Grant shall be in accordance with the applicable federal Notice of Funding Opportunity (NOFO) for the Federal Grant Title specified on this Grant.

  • Distinction of Funds Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Trust are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise.

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