Cash Collection definition

Cash Collection has the meaning set forth in Section 2.7(c)(i) below.
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Cash Collection means the collection of Cash from the TOMs and TVMs located at the Bus Stations.
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Cash Collection means cash collected by a Beneficiary.
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Examples of Cash Collection in a sentence

  • Subscription monies received into an incorrect Cash Collection Account will be returned to the relevant investor within the same timescales.

  • Subscriptions monies received in respect of a Portfolio in advance of the issue of Shares will be held in the Cash Collection Account in the name of the Portfolio and will be an asset of the relevant Portfolio.

  • Where subscription monies are received in a Cash Collection Account without sufficient documentation to identify the investor, such monies shall be returned to the relevant investor within 5 days.

  • The Cash Collection Accounts have been opened on behalf of each Portfolio with the relevant Bank set out in the Application Form.

  • Cash Collection and Administration 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements.

  • Pending the issue of Shares, and pending payment of redemption proceeds or distributions, such monies in the Cash Collection Account are assets of the relevant Portfolio, and the relevant investor will be an unsecured creditor of the Portfolio in respect of amounts paid by or due to it.

  • All subscriptions into and redemptions and distributions due from the Portfolios will be paid into the relevant Cash Collection Accounts.

  • Redemptions and distributions, including blocked redemptions or distributions, will be held in the relevant Cash Collection Account until payment due date (or such later date as blocked payments are permitted to be paid), and will then be paid to the relevant or redeeming Shareholder.

  • Monies in the Cash Collection Account will be taken into account in the calculation of the NAV, and assessing compliance with investment restrictions by the relevant Portfolio.

  • Maintain a Cash Collection Record, showing all income received, in accordance with instructions from the NAFI.