Immediately Available Funds definition

Immediately Available Funds. Funds with good value on the day and in the city in which payment is received.

Immediately Available Funds means funds with good value on the day and in the city in which payment is received.

Immediately Available Funds means bank cheque or telegraphic or other electronic means of transfer of cleared funds into a bank account nominated in advance by the payee;

Examples of Immediately Available Funds in a sentence

• Immediately Available Funds The term "Immediately Available Funds" denotes a corporate or personal check drawn on a bank account and funds which are available for use by the receiving party on the same day on which they are received and include U.S. Federal Reserve bank wire transfers, U.S. Federal Reserve notes (paper cash), U.S. coins, U.S. Postal Money Orders and New York Certificates of Deposit.

• All payments by Buyer under this Agreement must be made in Immediately Available Funds.

• Immediately Available Funds means cash, irrevocable bank checks, wire transfer of cleared funds or any other form of payment, at a time and at a place that Seller and Buyer agree in writing.

• Immediately Available Funds means a bank cheque or other form of cleared funds acceptable to Target (acting reasonably).

• Immediately Available Funds means cash, bank cheque or telegraphic or other electronic means of transfer of cleared funds into a bank account.

More Definitions of Immediately Available Funds

Immediately Available Funds means cash, bank cashier’s check, or a confirmed wire transfer of funds.

Immediately Available Funds means funds—

Immediately Available Funds means payment in funds credited and immediately available to the Funding Corporation’s account at the FRBNY.

Immediately Available Funds means those amounts deposited in the bank which have been presented for payment and for which payment has actually been received, those funds which have completed the electronic funds transfer process and are available for immediate use by the State Treasurer. See Collected Funds.

Immediately Available Funds means good funds delivered by wire transfer to an account designated by the intended recipient.

Immediately Available Funds means funds deposited by federal funds wire transfer.

Immediately Available Funds means funds which are available for immediate use by Bank at Bank's office hereinabove set forth not later than the due date of such payment. This Note is one of the Notes issued pursuant to that certain Revolving Credit and Term Loan Agreement dated as of October 1, 1985 among Company, Agent, Bank and the other financial institutions a party thereto from time to time (as has been amended to date, most recently of even date herewith pursuant to that certain Twelfth Amendment to Revolving Credit and Term Loan Agreement and as may hereafter be amended or modified from time to time, the "Agreement"). Upon the occurrence of any one or more of the Events of Default specified in the Agreement, the amounts then remaining unpaid on this Note may be declared to be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Company and Company shall be further obligated to reimburse the holder hereof for all reasonable out-of-pocket expenses of the holder in enforcing or attempting to enforce this Note, all as provided in the Agreement. This Note amends and restates but does not extinguish Company's liabilities and outstanding obligations under Company's Fourth Amended and Restated Revolving Credit Note dated June 20, 1996 to the order of Bank in the original principal amount of $6,000,000. This Note and all rights and obligations hereunder shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. 1st FRANKLIN FINANCIAL CORPORATION By: /s/ A. R. Xxxxxxx -------------------- Name: A. Xxxxx Xxxxxxx Title: Vice President / CFO AMENDED AND RESTATED REVOLVING CREDIT NOTE $7,000,000 Dated as of June 30, 1999 FOR VALUE RECEIVED, 1ST FRANKLIN FINANCIAL CORPORATION, a Georgia corporation ("Company"), promises to pay to the order of XXXXXX TRUST AND SAVINGS BANK ("Bank"), at the office of First Union National Bank, successor by merger to CoreStates Bank, N.A. ("Agent"), at 0000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 in lawful money of the United States of America, in immediately available funds, the sum of Seven Million Dollars ($7,000,000) or the amount outstanding on said date of all Loans made by Bank to Company pursuant to Section 2.01 of the Agreement hereinafter referred to, as conclusively evidenced by written endorsement with respect thereto by an officer of Bank upon the Schedule hereto annexed, whichever is less, in accordance with the terms and c...