Prefunding definition
Prefunding means you ensure that when you transmit a File to us, you have, sufficient available funds in your Account to cover that File. If we require you to Prefund, we will not process any File containing Credit Entries when your Account does not contain sufficient available funds to cover the file, regardless of whether we may have done so in the past. Files presented against your Account with insufficient available funds will be suspended, and an NSF fee will be charged. If your Account is not funded within two (2) days of the Effective Date, the suspended file will be automatically deleted. You agree to pay all fees charged by us in connection with Prefunding, and authorize us to debit such fees from your Account.
Prefunding means that you pay for all tax payments by such time before the settlement date as we may specify. At our discretion, we may at any time without notice debit your Account on the Business Day that tax payment instructions are transmitted to us (or on any other date before the payment date). If we debit funds on the transmission date (or any other date before the payment date), we hold the funds as a deposit liability to you, and not as trust funds, until the date when we remit them to the applicable tax authority. We will not pay you interest on such funds. If your tax payment instructions are unclear or inadequate in our sole determination to permit us to determine the later due date, or if we otherwise reasonably decide that any delay in the payment of the tax may expose you to liability for a penalty, we reserve the right to debit your Account and to make a tax payment earlier than the tax due date. In such case, we will not be liable to you for any loss of funds.
Prefunding means the making of periodic payments by an employer to partially or completely amortize the unfunded actuarial obligation of the employer for health benefits provided to annuitants and their family members.
Examples of Prefunding in a sentence
The amount of any net investment losses in the Prefunding Account shall promptly be deposited by the Depositor in the Prefunding Account.
All income and gain net of any losses realized from any such balances or investment of funds on deposit in the Prefunding Account shall be for the benefit of the Depositor and shall be remitted to it monthly.
Any funds remaining in the Capitalized Interest Account immediately after the termination of the Prefunding Period shall be paid to the Depositor.
On the Closing Date the Depositor shall remit the Prefunded Amount to the Trustee for deposit in the Prefunding Account.
As of any date of determination and Loan Group, will be equal to applicable Aggregate Loan Group Balance plus the amount, if any, then on deposit in the Prefunding Account, with respect to the related Loan Group; provided that the Aggregate Loan Group Collateral Balance as of the Initial Cut-off Date will include the Prefunded Amount.
More Definitions of Prefunding
Prefunding means the deposit by VFCC or an Investor of a Prefunding Deposit into the Prefunding Account pursuant to Section 2.01.
Prefunding means the deposit of proceeds from the issuance of a new Series of Certificates in the Excess Funding Account in an amount necessary to prevent the amount of the Master Trust Seller's Interest from being less than the Minimum Master Trust Seller's Interest.
Prefunding means you ensure that when you transmit a File to us, you have, or will have on the Processing Date, sufficient available funds in your Account to cover that File. If we require you to Prefund, we will not process any File containing Credit Entries when your Account does not contain sufficient available funds to cover the File, regardless of whether we may have done so in the past, or if you have exceeded your Aggregate Limits for that day. Files presented against your Account with insufficient available funds will be suspended, and an NSF fee will be charged. If your Account is not funded within two
Prefunding. On the Clo▇▇▇▇ ▇a▇▇, approximately $132,317,439 from the sale of the Offered Certificates (the "Pre-Funded Amount") will be deposited with the Trustee into two separate accounts (each a "Pre-Funding Account") to be used by the Trust to purchase additional Mortgage Loans during the Pre-Funding Period for the related Mortgage Loan Pool. Approximately $46,441,727 and $85,875,712 will be deposited for the purposes of purchasing additional Group I Mortgage Loans and additional Group II Mortgage Loans, respectively.
Prefunding means the procedure for processing credit Entries whereby we debit your Settlement Account for all credit Entries in a Credit File on the Prefunding Date.
Prefunding. On the Closing Date, approximately $140.5 million from the sale of the Offered Certificates (the "Pre-Funded Amount") will be deposited with the Trustee into a separate account (the "Pre-Funding Account") and be used by the Trust to purchase additional Mortgage Loans during the Pre-Funding Period.
Prefunding means the option offered by the Bank, at the Bank’s discretion, to the Customer to obtain ACH Services on a pre-funded basis if a Customer prefers to prefund ACH credit Entries or does not meet the Bank’s minimum credit and risk analysis requirements to become fully approved for ACH Services.