Customer Balances definition

Customer Balances means any Cash and Segregated Funds, Segregated Securities, ledger, account, exchange or clearing organization balances, marked-to-market open positions (including market value of options) and any non-segregated cash, securities, funds or other collateral, in each case, only to the extent held by or for the benefit of the Companies on behalf of customers of the Companies.
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Customer Balances. “Money Equivalents”, shall be as defined and according to the values appearing in the Financial Statements.
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Customer Balances means any Cash and Segregated Funds, Segregated Securities, ledger, account, exchange or clearing organization balances, marked- to-market open positions (including market value of options) and any non-segregated cash, securities, funds or other collateral, in each case, only to the extent held by or for the benefit of the Companies on behalf of customers of the Companies.
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Examples of Customer Balances in a sentence

  • You agree that we may treat the records of our system as conclusive evidence of the amount of E-Value at any time standing to the credit of your Account and we are not bound to make any independent investigation of your beneficial entitlement to the Customer Balances.

  • You acknowledge that we do not invest or generate money from the monies we hold on your behalf in any way whatsoever and shall have no obligation to invest the Customer Balances other than by way of holding the same in the Customer Balances Account.

  • The Company hereby declares that it holds custody of all Payments and other monies received into the Fundraising, Paypal, Stripe,Flutterwave, Airtel Money, MTN mobile money T-Kash and Equitel channels with respect to the Payments credited to your Account (the “Customer Balances”) for you and for your benefit such that you shall be beneficially entitled to all those Customer Balances equivalent to the Balance standing to the credit of your Account.

  • You further acknowledge that, in relation to any payment to you in respect of your entitlement to Customer Balances, we may act on instructions given by you using your System Identification Number – which is by default the MSISDN or SIM line number that is used to register the Fundraiser, or instructions purported to be given by you using your System Identification Number, even if they are actually given by a third party.

  • With the exception of 5(a) below, Buyer will assume no liabilities, obligations, expenses or other commitments of Seller that arose prior to Closing aside from the assumption of outstanding Customer Balances and the ongoing obligation to service the transferred Customer Accounts after the Closing in accordance with the Voyager User Agreement as of execution of this Agreement (incorporated herein by reference, and available at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/useragreement).

  • You further acknowledge that, to the extent that any interest may accrue on the Customer Balances, you shall have no beneficial entitlement to such interest and we shall be entitled to retain such interest for our own use, whether to defray our own costs and expenses and those of operating our system or to pay the same to such charitable cause(s) as we shall in our absolute discretion determine, or otherwise.

  • N/A Oracle Accounts Receivable Open Invoice / Customer Balances N/A Open Receivables Invoices pending cash receipt or with partial cash receipts (Open AR transaction lines and items), plus Open Credit Balances on Customers.

  • You are aware that we receive this money through the Fundraising, , Paypal, Stripe, Flutterwave, MTN Mobile Money or Airtel Money, T-Kash and Equitel merchant channels and hold it in the Customer Balances Account on your behalf and that we make our money through the Fees we charge you for the product.

Related to Customer Balances

  • Scheduled Balances Not applicable.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Cash Balances means cash in hand or credited to any account with a financial institution and securities which are readily convertible into cash;

  • Customer-Funded Upgrade means any Network Upgrade, Local Upgrade, or Merchant Network Upgrade for which cost responsibility (i) is imposed on an Interconnection Customer or an Eligible Customer pursuant to Tariff, Part VI, section 217, or (ii) is voluntarily undertaken by a New Service Customer in fulfillment of an Upgrade Request. No Network Upgrade, Local Upgrade or Merchant Network Upgrade or other transmission expansion or enhancement shall be a Customer-Funded Upgrade if and to the extent that the costs thereof are included in the rate base of a public utility on which a regulated return is earned.

  • Customer Group means Customer and any of its Affiliates;