Cleared Funds definition

Cleared Funds means the proceeds of cheque deposits to your account, once the cheque is cleared, cash deposits and direct credits.

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Cleared Funds means money credited to your Account after it has been through the relevant money transmission and clearing system, providing this is not recalled in accordance with the rules of that money transmission and clearing system.

Cleared Funds means a balance in an Account that is able to be withdrawn or used. Until funds are ‘cleared’ they are considered to be pending.

Examples of Cleared Funds in a sentence

• You must repay the amounts in full and your repayments must be paid as Cleared Funds.

• If any return payment is returned to the Deposit Account Agent as undeliverable, Deposit Account Agent will immediately notify Intermediary and obtain updated return payment instructions from Intermediary, or (at the election of Intermediary) return such Subscriber’s Cleared Funds by check payable to the Subscriber and mailed to an address designated in the Offering report.

• In the event that any funds, including Cleared Funds, deposited in the Fund prove uncollectible after the funds represented thereby have been released by the Bank pursuant to this Bank Agreement, the Company shall reimburse the Bank upon request for the face amount of such check or checks; and the Bank shall, upon instruction from the Company, deliver the returned checks or other instruments to the Company.

• If there are not enough Cleared Funds in your ANZ transactional account to make the interest payment, the unpaid amount will be added to the unpaid daily balance of your loan and accrue interest at the same rate.

• If, prior to the Termination Date, the Deposit Account Agent has received Cleared Funds equal to or greater than the Minimum Amount and receives a joint written instruction from the Issuer and the Intermediary confirming a closing of the transaction contemplated in the Offering (a “Closing”), the Deposit Account Agent shall, pursuant to such written instruction, pay such Cleared Funds to the Issuer promptly (noon the following business day) upon receipt of such written instruction (“First Closing”).

More Definitions of Cleared Funds

Cleared Funds means immediately available funds

Cleared Funds means the amount of funds that have been deposited or credited to your Account, for the purpose of maintaining open Positions, or any other permissible purpose.

Cleared Funds has the meaning in clause 10.1.

Cleared Funds means funds that: (i) when received by Firma are not subject to any security interests, encumbrances, statutory deemed trusts or other third party interests or claims of any kind;(ii) which are not subject to chargeback through applicable clearing rules, or otherwise; (iii) are freely transferable; and

Cleared Funds means the amount of funds that have been deposited or credited to your Account, for the purposes maintaining open Position(s), or for any other purpose.

Cleared Funds means cash or EFT transfer only;

Cleared Funds means funds deposited into or standing to the credit of an Account that we have received full and final payment that cannot be reversed or cancelled;