Loading Transaction definition
Loading Transaction means Better, Notable, or any of designees, agents, or Subservicer: (i) initially depositing funds from the Main Program Funding Account into a Cardholder Account; or (ii) adding additional funds from the Main Program Funding Account to a Cardholder Account to “reload” a Cardholder Account.
Examples of Loading Transaction in a sentence
Such Program Funds requested shall be calculated by Notable based upon past Loading Transactions, anticipated new Loading Transaction volume for the next month and the current Minimum Funding Balance.
Notable also may request Additional Program Funds at any time in the event Notable determines that, due to Loading Transaction volume, it will be unable, before the date of the next Monthly Report, to meet an obligation to Cardholders to fund a Loading Transactions; such requests shall be accompanied by an updated cash roll-forward report that verifies the need for funds, and such requests shall not be unreasonably denied by Better.