Free Funds definition

Free Funds means money which is lawfully held outside Zimbabwe by a Zimbabwean resident and which was acquired by him otherwise than as the proceeds of any trade, business or other gainful occupation or activity carried on by him in Zimbabwe."
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Free Funds means any cash attributable to operating profits generated by a Project which may become available to the relevant Borrower Funded Subsidiary after all debt service reserve and other retention and security obligations in terms of the Project's senior debt facility have been satisfied and fulfilled.
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Free Funds means the amount of funds on the Trading Account not used by the Company for performance of Counterparty’s obligations under Conversion Arbitrage Transactions and maintaining of Counterparty’s Open Positions.
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Examples of Free Funds in a sentence

  • Card to Bank Transfer Free Funds transferred from the card account to the cardholder’s personal bank account.

  • Employer Load Free Funds being loaded from a funding account to the card account for access by cardholder.

  • Contingency Free Funds: Notwithstanding any other clause in this Agreement, in the event that GrantMatch identifies Government Funding for the Client where the funding program disallows contingency fee arrangements, and the Client agrees to pursue the Government Funding application in any event, the Client agrees to pay GrantMatch based on the declining tiered fees outlined in Section 3 of the total grant requested.

  • The withdrawal of any portion of the Free Funds will be executed via the same method, in the same currency and to the same source as the one we originally received the funds from.

  • The Company may, in its discretion, refuse to allow any withdrawal or currency conversion where the Net Free Funds in any Account is less than the amount sought to be withdrawn or converted notwithstanding the existence of other funded Accounts.

  • This trust shall be known as Vanguard New York Insured Tax Free Funds and the Trustees shall conduct the business of the Trust under that name or any other name as they may from time to time determine.

  • This trust shall be known as Vanguard Florida Insured Tax Free Funds and the Trustees shall conduct the business of the Trust under that name or any other name as they may from time to time determine.

  • This trust shall be known as "Voyageur Tax Free Funds" and the Trustees shall conduct the business of the Trust under that name, or any other name as they may from time to time determine.

  • WPCS shall maintain Free Funds of not less than an average of $150,000 per month in its operating account, and upon the completion of the Upgrade, the Borrowers shall maintain an aggregate monthly average of $500,000 of Free Funds with the Bank its operating account.

  • If this is not possible, we will round down the amount of assets that are subject to the transaction in such a way as to allow the allocation referred to in the previous sentence and the remaining amount will be credited to your Free Funds in the respective portfolio.


More Definitions of Free Funds

Free Funds means, with respect to any specified Person for any specified period, the average daily balance during such period of collected, free and unrestricted fund's in such Person's non-interest bearing deposits maintained with the Bank, after deducting any and all service charges thereon.
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