Funds in Use definition

Funds in Use means the debit balance, if any, on the Current Account.

Funds in Use. The debit balance, if any, on the Current Account arrived at by aggregating all Prepayments made by Venture to the Client which have been debited to a Current Account (together with all sums treated as Prepayments by virtue of clause 9(5)) and deducting therefrom the aggregate of Debts transferred to the Current Account in accordance with clause 7(2).

Funds in Use means, the aggregate amount of:

Examples of Funds in Use in a sentence

• The Department requesting that the purchase be made will include in the description section of the purchase order “Notice of Alert- Homeland Security Funds in Use – Report to Webb County Emergency Management for input in Texas Regional Response Network”2.

• If the amount drawn by you exceeds either the Maximum Funds in Use or your Availability then you must immediately pay the excess to us without our having to ask you.

• The Non-Utilisation Fee shall be calculated in accordance with the following formula: N% X F = NUF where: N% is the Non-Utilisation Fee Percentage F is the amount by which average Funds in Use during any calendar month are less than Net Funds Employed.

• The present value of the cash inflows is reduced by the initial investment of $150,000, resulting in an NPV of –$89,760.

• A Seller shall remit to Participant any recovery or reimbursal from any Obligated Party of Costs which were previously paid by Participant and which such Person was legally obligated to reimburse to the Seller pursuant to the Loan Documents.

More Definitions of Funds in Use

Funds in Use means the account of the Client with the Bank maintained for the purposes of this Agreement;

Funds in Use means the total amount of payments (including prepayments) made by

Funds in Use means the excess, for the time being, of all Purchase Price payments plus the Administration Charge and the Service Charge to the extent that they are not deducted in calculating the Purchase Price over the total amount of cleared funds received by the Bank in relation to Debts;

Funds in Use means the debit balance (if any) on the Payment Account;

Funds in Use means any excess, for the time being, of (a) total Prepayments made in respect of Debts, plus any outstanding Administration Charge and Discounting Charge and any Service Charges to the extent that they have not been deducted in calculating the Prepayments, over (b) the total amount of cleared funds received by the Bank in relation to Debts;

Funds in Use means, at any time, in relation to the Receivables Purchase Facility only, the aggregate amount of:

Funds in Use or "FIU" means the total amount of payments (including Prepayments) made by the Bank to the Client in respect of Debts, plus Service Charges, Discounting Charges and other fees, charges and commissions and all other sums owing or payable by the Client to the Bank under this Agreement, but less the total amount of clear funds received by the Bank towards discharge of Debts, and less the payments in clear funds actually received by the Bank from the Client under this Agreement, which will be reflected as the balance(s) in the Discounting Account(s);