Funding Account definition

Funding Account has the meaning assigned to such term in Section 4.01(h).

Funding Account has the meaning assigned to such term in Section 2.03(f).

Funding Account means the deposit account of the Borrower to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

Examples of Funding Account in a sentence

• You understand and acknowledge that when engaging in various types of activities with respect to your Account, including, without limitation, buying and selling securities, that your funds will move from your Funding Account to your Account at RQD and vice versa, as detailed in your Introducing Broker customer agreement (“IB Customer Agreement”).

• Your Funding Account is a direct obligation of the Third Party FI and funds held in such account are not an obligation of RQD.

• The Third Party FI is not a member of FINRA or SIPC and therefore funds held in your Funding Account are not SIPC protected.

• However, the treatment of funds held in your Funding Account are subject exclusively to the terms and conditions and/or customer agreement relating to your Funding Account.

• You confirm that You will not exercise Your chargeback right for any other reason, including a dispute with the Beneficiary or if there are insufficient funds in Your Funding Account, and in the event of You exercising a chargeback in such a scenario and in breach of the provisions of this Clause, You shall immediately make good the loss that We incur on demand by transferring the funds to Us by wire transfer, no later than the end of the next Business Day after You exercise this right.

More Definitions of Funding Account

Funding Account has the meaning set forth in Section 2.11(a).

Funding Account means an account created pursuant to section 3(6) for the deposit of funds and payment of retirement health care benefits under the applicable retirement act.

Funding Account means the non-interest bearing demand checking account established with, maintained by, and pledged to Lender into which shall be deposited the proceeds of Advances, the proceeds from any sale of Collateral, and from which funds shall be disbursed for the acquisition of Mortgage Loans.

Funding Account is defined in Section 2.5.

Funding Account. The account established and maintained pursuant to Section 4.02.

Funding Account. Is defined in Section 7-3.

Funding Account has the meaning assigned to such term in Section 2.03(vi).