IFD definition
Examples of IFD in a sentence
Participants’ Initial Funding Deposits (IFD) for each year will be calculated based on the previous two years’ Average Transactional Volume (“ATV”).
With effect from [date], the Project Participants and IFD entered into an Investment Agreement for the project [name of project], including IFD’s investment in the Project and the Project Participants’ obligations in relation to the Project, each other and IFD.
Replenishment of IFD during Fiscal Year: CalMHSA will notify and invoice any participant if and when their account falls below 20% of the IFD during the fiscal year to match Participant’s calculated IFD.
If a participant’s existing Inter-Member Transfer funding balance is lower than the IFD amount, such participant will be invoiced for the amount to match the Participant’s calculated IFD for that year payable within 30 days of date of the invoice.
If at the beginning of each year, a participant’s existing Program funding balance is greater or equal to the IFD amount, such participant will not be invoiced for the IFD for that year.