Funding Method definition

Funding Method. (i) Automated Clearing House (“ACH”) funding, or (ii) wire funding (“Wire”). The School is only eligible for ACH funding if approved by the Manager. The School must utilize the Wire Funding Method if the School is not approved for the ACH Funding Method. “ACH” means the network used for electronic payments and money transfers, Automated Clearing House.
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Funding Method. (i) Automated Clearing House (“ACH”) funding, or
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Funding Method means the systematic basis for meeting the cost of benefits.
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Examples of Funding Method in a sentence

  • The School must utilize the Wire Funding Method if the School is not approved for the ACH Funding Method.

  • Employer shall make sufficient funds available from its general assets to fund the Plans and pay all Covered Benefits in accordance with the terms of the Plans and in accordance with the applicable Claims Funding Method.

  • If a request for reimbursement is approved, Medical Mutual will disburse Covered Benefits as soon as reasonably possible after such determination is made, provided that sufficient funds are made available by the Employer to pay such benefit payments in accordance with the applicable Claims Funding Method.

  • NSF Fee the Price is on per transaction basis If client utilizes the ACH Funding Method and fails to have the required funds in their designated account as required by and provided in the Agreement, causing Kronos to be issued a notice of Non-Sufficient Funds, Kronos, in addition to all its rights under the Agreement, will also charge Client an NSF Fee for each applicable transaction.

  • The Plan will be funded in accordance with the Aggregate Funding Method effective with the January 1, 2001 Actuarial Evaluation.

  • Table B1 Fiscal Year FY16-17 One Time Payment ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ One Time Payment Based on Negotiated Funding Method November 15, 2016 through December 31, 2016 January 1, 2017 through March 31, 2017 April 1, 2017 through June 30, 2017 Amount *$28,409 *$51,518 $51,518 $51,518 Detailed Expense Invoice Due January 20, 2017 January 20, 2017 April 20, 2017 June 26, 2017 January 20, 2017 January 20, 2017 April 20, 2017 July 20, 2017 Reporting Due County Grant Awards Report A.

  • If a request for reimbursement is approved, UMB will disburse Covered Benefits as soon as reasonably possible after such determination is made but not less than monthly, provided that sufficient funds have been made available by the Employer to pay such benefit payments in according with the applicable Claims Funding Method.

  • The Company must utilize the Wire Funding Method if the Company is not approved for the ACH Funding Method.

  • On November 28, 2005, the Circuit Court of St. Louis County, Missouri, 2151 Judicial District (the "Court"), entered a Declaratory Judgment, Decree and Order Organizing a Transportation Development District and Approving a Funding Method (the "Order"), which established the TDD as a political subdivision pursuant to and in accordance with the Missouri Transportation Development District Act, Sections 238.200 to 238.275 of the Revised Statutes of Missouri, as amended (the "TDD Act").

  • If a request for reimbursement is approved, Medical Mutual will disburse Covered Benefits as soon as reasonably possible after such determination is made, provided that sufficient funds are made available by the Employer to pay such benefit payments incacordance w ith the applicable Claims Funding Method.


More Definitions of Funding Method

Funding Method means the payment method used to fund a Transaction. e.g., debit card or bank transfer.
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Related to Funding Method

  • Compounding Methodology Supplement means, in relation to the Daily Non-Cumulative Compounded RFR Rate or the Cumulative Compounded RFR Rate, a document which:

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.

  • Simple Interest Method means the method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time elapsed since the preceding payment of interest was made and the remainder of such payment is allocable to principal.

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.