Holding Balances definition

Holding Balances means the Client’s funds held by Xxxxxxx as nominee for Client for its convenience pending receipt by Usunpay of an Instruction from Client. Funds may be maintained in a Holding Balance and managed by both Client and Usunpay pursuant to this Agreement. Client shall be responsible for all risks (e.g. sudden fluctuations and/or volatility of the foreign currency market) associated with maintaining the Holding Balance in one or more foreign currencies. If Usunpay does not receive a timely Instruction for the disposition of such funds, those funds may be converted to Client's home currency at the then-prevailing exchange rate and settled with Client.
Sample 1

Examples of Holding Balances in a sentence

  • The Account Holder shall be responsible for all risks (including without limitation, fluctuations in the value of currency held) associated with maintaining Holding Balances in one or more currencies.

  • The above Beneficial Owners Report and Gross Entitlement List will have all the adjustments relating to Change in Registration Details as well as Change in Holding Balances arising from Deposit Approval Transactions & Withdrawal Approval Transactions which were existing in the Deposit Pending Position and Withdrawal Pending Position as on the Relevant Time.

  • Former Section 62-7-603(A)(3) has been retained as subsection (d).

  • Holding Balances enable clients to hold their funds temporarily (up to 90 days) with WUIB.

  • The client is responsible for all risks (including without limitation, fluctuations in the value of the currency held) associated with maintaining Holding Balances in one or more foreign currencies.

  • If Convera does not receive an Instruction for the disposition of funds within ninety (90) days of taking receipt of such funds into the Holding Balance, those funds will be returned to Client (and in the case of Holding Balances held in a currency other than Canadian Dollars, such funds will be converted to Canadian Dollars at the then prevailing exchange rate(s) and returned to Client.

  • Holding Balances allow Client to manage payments, risks and costs in the event Client a) allows third parties to submit Incoming Payments, b) does not provide Convera with complete or accurate Instructions, and/or c) otherwise needs to manage operational costs related to proper payment to itself or Payees.

  • The Client shall be responsible for all risks (including, without limitation, volatility of the foreign currency market) associated with maintaining Holding Balances in one or more foreign currencies.

  • Holding Balances are being made available to facilitate the Client further trading in foreign exchange or the Client’s settlement of foreign exchange with third parties.

  • Custody Position Custody Position means the cumulative value of the Holding Balances at any time forming part of the Account Family of TREC Holder of the Stock Exchange, excluding Securities that are (a) in Freeze status and (b) held in the blocked accounts.

Related to Holding Balances

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Scheduled Balances Not applicable.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Original Pool Balance means the Pool Balance as of the Cutoff Date.

  • Unrestricted Cash and Cash Equivalents means, as of any date of determination, the sum of the aggregate amount of Cash and Cash Equivalents (valued at fair market value) which is Unrestricted. As used in this definition, “Unrestricted” means the specified asset is not subject to any escrow, cash trap, reserves, Liens (other Liens permitted under Section 10.5) or claims of any kind in favor of any Person.

  • Scheduled Balance Not applicable.

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Required Balance has the meaning set forth in the Reinsurance Agreement.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Borrowing Base Amount means, as of any date, an amount equal to the sum of:

  • Planned Balance With respect to any group of Planned Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Planned Balance for such group and Distribution Date. With respect to any other Planned Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.