DAY FUNDS definition

DAY FUNDS means bank cheque or other immediately available funds;

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DAY FUNDS means a bank cheque or other immediately available funds.

DAY FUNDS m▇▇▇▇ a bank c▇▇▇▇e or other immediately available funds.

Examples of DAY FUNDS in a sentence

• PAYMENT UNDER THIS LETTER OF CREDIT SHALL BE MADE IN SAME DAY FUNDS, BY WIRE TRANSFER TO SUCH ACCOUNT YOU SPECIFY IN YOUR DRAWING CERTIFICATE.

• EACH LENDER SHALL MAKE THE AMOUNT OF SUCH LENDER'S PRO RATA SHARE OF THE REQUESTED BORROWING AVAILABLE TO AGENT IN SAME DAY FUNDS, TO SUCH ACCOUNT OF 39 41 AGENT AS AGENT MAY DESIGNATE, NOT LATER THAN 2:00 P.M., (NEW YORK CITY TIME) ON THE FUNDING DATE APPLICABLE THERETO.

• EXCEPT AS OTHERWISE EXPRESSLY PROVIDED HEREIN, ALL PAYMENTS BY THE COMPANY HEREUNDER WITH RESPECT TO PRINCIPAL AND INTEREST ON LOANS DENOMINATED IN AN ALTERNATIVE CURRENCY SHALL BE MADE TO THE ADMINISTRATIVE AGENT, FOR THE ACCOUNT OF THE RESPECTIVE LENDERS TO WHICH SUCH PAYMENT IS OWED, AT THE APPLICABLE ADMINISTRATIVE AGENT'S OFFICE IN SUCH ALTERNATIVE CURRENCY AND IN SAME DAY FUNDS NOT LATER THAN THE APPLICABLE TIME SPECIFIED BY THE ADMINISTRATIVE AGENT ON THE DATES SPECIFIED HEREIN.

• IN SUCH EVENT, IF THE COMPANY HAS NOT IN FACT MADE SUCH PAYMENT, THEN EACH OF THE LENDERS OR THE L/C ISSUER, AS THE CASE MAY BE, SEVERALLY AGREES TO REPAY TO THE ADMINISTRATIVE AGENT FORTHWITH ON DEMAND THE AMOUNT SO DISTRIBUTED TO SUCH LENDER OR THE L/C ISSUER, IN SAME DAY FUNDS WITH INTEREST THEREON, FOR EACH DAY FROM AND INCLUDING THE DATE SUCH AMOUNT IS DISTRIBUTED TO IT TO BUT EXCLUDING THE DATE OF PAYMENT TO THE ADMINISTRATIVE AGENT, AT THE OVERNIGHT RATE.

• PAYMENT TO BE MADE IN (UNITED STATES DOLLARS) SAME DAY FUNDS WITHIN 30 DAYS FROM THE DATE OF DELIVERY OF THE COMMODITIES TO STATIA.

• PAYMENT SHALL BE MADE TO THE COMPANY BY WIRE TRANSFER IN SAME DAY FUNDS, AGAINST DELIVERY TO THE UNDERWRITERS OF CERTIFICATES FOR THE FIRM SHARES TO BE PURCHASED BY THEM.

• THE AGENT SHALL PAY TO EACH SNR LENDER ON EACH INTEREST PAYMENT DATE OR DATE PROVIDED IN THE SNR INSTALLMENT PAYMENT SCHEDULE, AS THE CASE MAY BE, SUCH SNR LENDER'S SNR PRO RATA SHARE OF ALL PAYMENTS RECEIVED BY THE AGENT IN IMMEDIATELY AVAILABLE FUNDS ON ACCOUNT OF THE SNR, NET OF ANY AMOUNTS PAYABLE BY SUCH SNR LENDER TO THE AGENT, BY WIRE TRANSFER OF SAME DAY FUNDS; THE AMOUNT PAYABLE TO EACH SNR LENDER SHALL BE BASED ON THE PRINCIPAL AMOUNT OF THE SNR OWING TO SUCH SNR LENDER.

• SELLER SHALL BE ENTITLED TO RETAIN SAID SUM AS LIQUIDATED DAMAGES AND, EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS AGREEMENT, SUCH DAMAGES SHALL BE SELLER'S SOLE AND EXCLUSIVE REMEDY, WHETHER AT LAW OR IN EQUITY, FOR BUYER'S FAILURE OR REFUSAL TO CONSUMMATE THIS PURCHASE AND SALE TRANSACTION AND IN SUCH EVENT, THE ESCROW HOLDER SHALL, UPON WRITTEN DEMAND BY SELLER, IMMEDIATELY DELIVER SUCH SUM TO SELLER BY WIRE TRANSFER OR CASHIER'S CHECK IN IMMEDIATELY AVAILABLE "SAME DAY" FUNDS.

• EXCEPT AS OTHERWISE EXPRESSLY PROVIDED HEREIN AND EXCEPT WITH RESPECT TO PRINCIPAL OF AND INTEREST ON LOANS DENOMINATED IN AN ALTERNATIVE CURRENCY, ALL PAYMENTS BY THE COMPANY HEREUNDER SHALL BE MADE TO THE ADMINISTRATIVE AGENT, FOR THE ACCOUNT OF THE RESPECTIVE LENDERS TO WHICH SUCH PAYMENT IS OWED, AT THE APPLICABLE ADMINISTRATIVE AGENT'S OFFICE IN DOLLARS AND IN SAME DAY FUNDS NOT LATER THAN 1:00 P.M. ON THE DATE SPECIFIED HEREIN.

More Definitions of DAY FUNDS

DAY FUNDS means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements and payments in an Optional Currency, same day or other funds as may be determined by the Administrative Agent or the Issuing Bank, as the case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Optional Currency. Sanctioned Jurisdiction shall mean any country, territory, or region that is the subject of sanctions administered by OFAC, the Canadian government, or any other applicable governmental authority. Sanctioned Person shall mean (a) a Person that is the subject of sanctions administered by OFAC or the U.S. Department of State ("State"), including by virtue of being (i) named on OFAC’s list of “Specially Designated Nationals and Blocked Persons”; (ii) organized under the Laws of, ordinarily resident in, or physically located in a Sanctioned Jurisdiction; (iii) owned or controlled 50% or more in the aggregate, by one or more Persons that are the subject of sanctions administered by OFAC; (b) a Person that is the subject of sanctions maintained by the European Union ("E.U. "), including by virtue of being named on the E.U.’s “Consolidated list of persons, groups and entities subject to E.U. financial sanctions” or other, similar lists; (c) a Person

DAY FUNDS means, for Australian dollars, immediately available funds.

DAY FUNDS means immediately available and freely transferable funds;

DAY FUNDS means a bank draft, ▇ ▇▇▇▇ified cheque or other immediately available funds by way of wire transfer;