Funds Available definition

Funds Available and “insufficient funds” as used herein are determined by, and defined and described in, our overdraft policies and/or our Overdraft Governance Documents. Each time an item is returned unpaid, we will assess an NSF fee, overdraft fee, uncollected funds fee or similar in the amount disclosed and as described within our current Rates and Fees Schedule for each returned item. The entity that submitted the debit may resubmit another debit even if we have already returned the prior debit for insufficient funds in your account. If the resubmitted debit again exceeds the funds available in your account, the credit union may again return the debit, resulting in an additional NSF fee. Thus, you may be charged multiple NSF fees in connection with a single debit that has been returned for insufficient funds multiple times. We may also return as unpaid any item drawn on a form we do not provide or approve, and you are responsible for any loss we incur handling such an item. To process certain electronic transactions, we may place a temporary hold on your funds which may be for 36 hours or more. We have no control over the other parties to the transactions or the commercial networks used in facilitating the transactions. It is your responsibility to make sure you have sufficient funds in your accounts to cover all transactions as set forth in our Overdraft Governance Documents, regardless of when those transactions may clear. For share savings and money market accounts, you may make up to six (6) preauthorized, automatic, telephonic, electronic, or audio response transfers to another account of yours or to a third party during any calendar month. A preauthorized transfer includes any arrangement with us to pay a third party from your account upon oral or written orders including orders received through the automated clearing house (ACH). We may refuse or reverse a transfer that exceeds these limitations and may assess fees against, suspend or close your account. You may make unlimited transfers to any of your loan accounts that you have with us. We may refuse to allow a withdrawal in some situations, and will advise you accordingly. For example: (1) a legal garnishment or attachment is served; (2) the account secures any obligation to us; (3) required documentation has not been presented; (4) you fail to make payments on a loan that you have with us; or (5) any other reason allowed by applicable law. We may require you to give written notice of seven (7) days to sixty ...
Funds Available means the sum of:
Funds Available means funds available to be disbursed by the Province under Funding Agreements within a Fiscal Year in accordance with all applicable appropriations, Treasury Board directions or policies of the Province;

Examples of Funds Available in a sentence

  • If, after conclusion of negotiations with higher ranked Proposals, there are, in the opinion of the Province, insufficient Funds Available to pay the next highest ranked Proposal on terms acceptable to the Province, the Proponent of that Proposal may be provided an opportunity to enter into a Funding Agreement that provides for a reduction in overall funding below the levels that would otherwise be paid.

  • TABLE III-1Summary of Federal Funding Programmed and Funds Available Fiscal Constraint Worksheet - Four Year Requirement* Funding Source* Several projects were approved under SAFETEA-LU and will be implemented under MAP-21.

  • The number of successful project will be determined based on Funds Available to cover the Maximum Amounts identified in those Proposals.

  • You must always make sure you have sufficient Funds Available to cover the transaction.

  • We will only honour transactions up to the amount of the Funds Available.


More Definitions of Funds Available

Funds Available means having cleared funds available for use calculated in the way described in Section B (Our investment services) or Section D (Our banking services), as appropriate.
Funds Available means the aggregate of
Funds Available means funds available to be disbursed by the Service Delivery Agent under the Funding Agreements within a Fiscal Year;
Funds Available. The total aggregate amount of agricultural production loan deposit loans under this program shall not exceed $55,000,000.00. Maximum Term: No loan shall be amortized for a period of more than eight (8) years. Linked Deposit Interest Rate: The deposit rate shall be variable at 2.00% below the market rate with a minimum of 0.50%. This rate is recalculated the first business day of every January and July.
Funds Available. The total aggregate amount of economic recovery loan deposit loans under this program shall not exceed $60,000,000.00. Maximum Term: No loan shall be amortized for a period of more than ten (10) years. Linked Deposit Interest Rate: The deposit rate shall be variable at 2.00% below the market rate with a minimum of 0.25%. This rate is recalculated the first business day of every January.