IMMEDIATELY AVAILABLE FUNDS Clause Samples
The 'IMMEDIATELY AVAILABLE FUNDS' clause defines the requirement that payments under the agreement must be made using funds that are instantly accessible and cleared for use by the recipient. In practice, this means payments should be made via methods such as wire transfers or other electronic means that do not involve delays from check processing or bank holds. This clause ensures that the recipient can use the funds without waiting for them to clear, thereby reducing payment risk and ensuring timely fulfillment of financial obligations.
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IMMEDIATELY AVAILABLE FUNDS. Unless otherwise expressly provided for in this Agreement, all amounts payable by Borrower to Lender shall be payable only in United States currency, immediately available funds.
IMMEDIATELY AVAILABLE FUNDS. Unless otherwise expressly provided for in this Agreement, all amounts payable by Borrower to Administrative Agent or any Lender shall be payable only in United States Dollars, immediately available funds.
IMMEDIATELY AVAILABLE FUNDS. Payments under this Note shall be --------------------------- payable in immediately available funds without setoff, counterclaim or deduction of any kind, and shall be made by electronic funds transfer from a bank account established and maintained by Maker for such purpose.
IMMEDIATELY AVAILABLE FUNDS. All payments of principal and interest shall be made in immediately available funds.
IMMEDIATELY AVAILABLE FUNDS. 17 6.4. Supplemental Rent .................................................. 17 6.5.
IMMEDIATELY AVAILABLE FUNDS. All payments and other transfers of funds under this Agreement shall be made in funds immediately available at the place of payment unless the recipient thereof shall otherwise agree.
IMMEDIATELY AVAILABLE FUNDS. A bank wire transfer or a certified bank check.
IMMEDIATELY AVAILABLE FUNDS. Unless otherwise expressly provided for in this Agreement, all amounts payable by Borrower under the Loan Documents shall be payable only in United States Dollars, immediately available funds.
IMMEDIATELY AVAILABLE FUNDS. All amounts payable by Borrower to Lender shall be (a) payable only in United States currency in immediately available funds, and (b) received by Lender at the Minneapolis Wholesale Loan Servicing Center, in Minneapolis, Minnesota, or at such other places as may be designated in writing by Lender, no later than 11 AM Pacific Standard Time or Pacific Daylight Time, as applicable. Any amounts received after such time shall be credited the next business day.
IMMEDIATELY AVAILABLE FUNDS. All payments are to be made in immediately available funds. If Bank accepts payment in any other form, such payment shall not be deemed to have been made until the funds comprising such payment have actually been received by or made available to Bank.