Interpled Funds definition

Interpled Funds means the Insurance Proceeds deposited into the Interpleader Account by Gulf, along with any interest or earnings thereon.
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Examples of Interpled Funds in a sentence

  • Within 5 business days after the Payment Date, Metretek will pay into an Escrow Account as Escrow Funds an amount equal to the difference between $2,750,000 and the amount of the Interpled Funds, so long as the amount of the Interpled Funds is not less than $2,375,000.

  • In addition, the Insurance Proceeds shall either be paid into the Escrow Account as additional Escrow Funds or into the Interpleader Account as Interpled Funds as soon as made available by Gulf.

  • In the event the Effective Date occurs on or before the Payment Date, then the Escrow Funds and Interpled Funds (with any interest or earnings thereon) may be paid directly into the Settlement Fund instead of into the Escrow Account or Interpleader Account.

  • If, as of the Payment Date, Gulf has not interpled any Interpled Funds, Metretek will pay into an Escrow Account as Escrow Funds an amount equal to the difference between $2,750,000 and the amount of the Insurance Proceeds available as of that date under the Insurance Policy as represented by Gulf, so long as the amount of the Insurance Proceeds as of that date is not less than $2,375,000.

  • In the event the Failure Date occurs, then all Escrow Funds and Interpled Funds shall be immediately returned (with any interest or earnings thereon, but less any fees or expenses of the Escrow Account or Interpleader Account) to the Person depositing such funds, and both Lead Class Counsel and Metretek agree to sign an authorization to that effect and deliver the same to the Escrow Agent.

  • Any Escrow Funds or Interpled Funds shall be retained in the Escrow Account or the Interpleader Account, respectively, until either the Failure Date or the Effective Date occurs.

  • In the event the Effective Date occurs, then all such Escrow Funds and all Interpled Funds shall be immediately paid into the Settlement Fund (with any interest or earnings thereon, but less any fees or expenses of the Escrow Account or Interpleader Account), and both Lead Class Counsel and Metretek agree to sign an authorization to that effect and deliver the same to the Escrow Agent.

Related to Interpled Funds

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Collected Funds means, with respect to any Collection Period, the amount of funds in the Collection Account representing collections on the Receivables during such Collection Period, including all Net Liquidation Proceeds collected during such Collection Period (but excluding any Purchase Amounts).

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • Good Funds means immediately available funds delivered by confirmed wire transfer to an account designated by the Closing Agent.

  • Related Funds means with respect to any Lender that is an Approved Fund, any other Approved Fund that is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.