Proof of Funds definition

Proof of Funds means evidence that Buyer possesses adequate cash to meet the cash payment obligation of the Contract, to be determined as to its sufficiency solely by the judgment of Seller.
Proof of Funds means evidence reasonably satisfactory to Seller that Buyer has readily available funds to pay the Closing Cash Payment on the Closing Date, which shall be a minimum of $60 million.
Proof of Funds means documentary evidence of proof of availability of funds to purchase, this may include:

Examples of Proof of Funds in a sentence

  • A mortgage or loan commitment does not constitute Proof of Funds for purposes of this transaction.

  • Time periods for Xxxxxxx Money Deposit, Proof of Funds, Investigations, Inspections and Reviews and Financing Supplement Agreement shall commence on (Time Reference Date), regardless of the date the Contract is signed by Xxxxx and Seller.

  • At the time of submission of the offer, the Bidder must provide evidence of availability of funds to close from a banking institution (Proof of Funds).

  • FTAM will initiate buy-sell transactions with commodities and bank instruments: That will form no risk to the principle capital Will be sold before it is bought Will bring more capital to the bank then was used/blocked (non-depleting) Acceptor will support these transactions by providing one or more facilities: Some transactions require Proofing of capital: Proof of Funds or Bank Comfort Letters Some transactions require Blocking of Funds for a period of time.

  • The following documents have been provided by Buyer to Seller pursuant to Section 7: Mortgage Lenders Prequalification Letter or Proof of Funds.

  • A Proof of Funds letter provided by a financial institution or lender, if applicable.

  • See the following website for further details: www.ukba.homeoffice.gov.uk/studyingintheuk USA: Once we have received your application, we will send a Proof of Funds form, which must be completed in order for LSI to issue you a Certificate of Eligibility (Form I-20), which is required in order to apply for a student visa at the US Consulate.

  • The Fund shall review the financial offers along with the Proof of Funds and shall evaluate them on the basis of the highest bid.

  • In spite of the restrictions, Dunn continued to prepare, sign and caused others to sign Proof of Funds Letters.

  • However, Lett, Milehouse and Pierrepont acted in furtherance of a trade by accepting the funds from the Investors, attempting to forward the funds to purchase the bank guarantee or debenture, (the proceeds would be used to access the high yield trading program), and by repeatedly providing the Proof of Funds letters to third parties.


More Definitions of Proof of Funds

Proof of Funds. The Agreement required the Company to submit proof of funds in the form of a commitment letter from a reputable financial institution stating the purpose of the loan. Did the company submit a commitment letter and from which institution?
Proof of Funds means evidence that Buyer possesses adequate cash to meet the cash payment portion obligation of the Contract to be determined as to its sufficiency solely by the judgment of Mtn View.
Proof of Funds means documentary evidence of same may be required to include:
Proof of Funds means confirmation of the availability of funds for the purposes of a financing in the form of evidence of such funds being held in a lawyer’s trsut account, in an investor’s bank account, in an escrow agent’s trust account or in some other form satisfactory to DIME, acting reasonably.
Proof of Funds. BROKER FEE AGREEMENT & NCND This agreement is made between the Parties, effective as of the signatory dates below, for the purpose of assisting each other, from time to time, in providing “Proof of Funds” accounts for third-parties seeking financial services for projects or business opportunities, (“Projects”). Secured Investment Strategies, LLC, ("S.I.S.") agrees, to pay Broker a Success Fee on a per Project basis equal to 0.15% of the funds arranged, under the S.I.S. “Proof of Funds” program for third-parties introduced to S.I.S. by Broker, payable within 3 business days after the Arrangement Fees due S.I.S. for each Project are received by S.I.S. The 0.10% Arrangement Fee will be charged by S.I.S. to client and passed through to to Broker. Broker may request that a different amount be included in the S.I.S. Arrangement Fee, and if approved by S.I.S. at its sole discretion, then that amount shall be paid as a Success Fee pursuant to this agreement. Any discounts provided by S.I.S. on Arrangement Fees for each project after the first month the account is opened shall be applied equally against any Success Fee due Broker. The Parties agree not make any contact with, solicit , deal, or speak with, or be involved in contracts or in any transactions with regard to any source, lender, trust, investor, broker, client and/or equity partner, that the Parties introduce to each other, without the express written consent of the other Party. It is further agreed that the identities of any source, lender investor, trust, broker, client, and/or equity partner introduced by the Parties to each other, directly or indirectly, are currently and in the future, are the exclusive and sole property of the introducing Party and shall not be disclosed to any third party without the express written consent of the other Party.

Related to Proof of Funds

  • Proof of age The Company may require evidence of Age of any Annuitant or Owner.

  • Proof of Interest means a proof of Interest Filed against any of the Debtors in the Chapter 11 Cases.

  • Proof of vaccination means documentation provided by a tribal, federal, state or local government, or a health care provider, that includes an individual’s name, date of birth, type of COVID-19 vaccination given, date or dates given, depending on whether it is a one-dose or two-dose vaccine, and the name/location of the health care provider or site where the vaccine was administered. Documentation may include but is not limited to a COVID-19 vaccination record card or a copy or digital picture of the vaccination record card, or a print-out from the Oregon Health Authority’s immunization registry.

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, confirmation of wire or ACH transfer, and any other information required to demonstrate that payment has been made according to the EPA requirements, in the amount due, and identified with the Respondent’s name and Docket No. FIFRA-04-2021-0714(b).

  • Proof of identity means a valid Zimbabwe passport, or a notice or identity document issued in terms of section 7 of the National Registration Act [Chapter 10:17], or a valid driver’s licence containing an identity number assigned to the holder thereof under the National Registration Act [Chapter 10:17];

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • Proof of Purchase means an original tax invoice clearly confirming a Purchase. The Proof of Purchase must clearly specify:

  • Proof of Claim means a proof of Claim Filed against any of the Debtors in the Chapter 11 Cases.

  • Proof of Concept has the meaning set forth in Section 2.3.

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • Proof of Loss means satisfactory written proof that a loss occurred for which the Group Policy provides benefits, which is not subject to any exclusion, and which meets all other conditions for benefits. Proof of Loss includes any other information We may reasonably require in support of a claim for benefits under the Group Policy.

  • Proof of address/business address means a document less than 3 months old containing residential address that is a utility bill, bank statement, rates account or tax invoice.

  • Cost of Funds means, with respect to any Interest Accrual Period, the amount of interest accrued during such Interest Accrual Period on the outstanding Advances at the Cost of Funds Rate.

  • Proof of financial responsibility means proof of ability to respond in damages for liability, on account of accidents occurring after the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in the amount of twenty-five thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, in the amount of fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and in the amount of twenty-five thousand dollars because of injury to or destruction of property of others in any one accident.

  • proof of B-BBEE status level of contributor means:B-BBEE Status level certificate issued by an authorized body or person;A sworn affidavit as prescribed by the B-BBEE Codes of Good Practice;Any other requirement prescribed in terms of the B-BBEE Act;

  • Proof of Disability means documented clinical findings that prove that You are Disabled.

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • CREFC® Reconciliation of Funds Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Reconciliation of Funds Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Clinical record means a legible electronic or hard-copy history that documents the criteria established for medical records as set forth in rule 441—79.3(249A). A claim form or billing statement does not constitute a clinical record.

  • Administrative hearing means a type of hearing that an appellant may elect in which the presiding officer reviews the written record only and makes a decision based on the facts available within the appeal file. An administrative hearing does not require an in-person or teleconference hearing. The final determination to establish whether an administrative hearing may be held will be made by the appeals section or the presiding officer.

  • Statement of SEN means a statement made under section 324 of the Education Act 1996.

  • Total Loan Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Medical record means any document or combination of documents, except births, deaths, and the fact of admission to or discharge from a hospital, that pertains to the medical history, diagnosis, prognosis, or medical condition of a patient and that is generated and maintained in the process of medical treatment.

  • Acoustic Assessment Report means the report, prepared in accordance with Publication NPC-233 and Appendix A of the Basic Comprehensive User Guide,by HGC Engineering and dated August 22, 2008 submitted in support of the application, that documents all sources of noise emissions and Noise Control Measures present at the Facility and includes all up-dated Acoustic Assessment Reports as required by the Documentation Requirements conditions of this Certificate to demonstrate continued compliance with the Performance Limits following the implementation of any Modification.

  • Research record means any data, document, computer file, computer diskette, or any other written or non-written account or object that reasonably may be expected to provide evidence or information regarding the proposed, conducted, or reported research that constitutes the subject of an allegation of research misconduct. A research record includes, but is not limited to, grant or contract applications, whether funded or unfunded; grant or contract progress and other reports; laboratory notebooks; notes; correspondence; videos; photographs; X-ray film; slides; biological materials; computer files and printouts; manuscripts and publications; equipment use logs; laboratory procurement records; animal facility records; human and animal subject protocols; consent forms; medical charts; and patient research files.

  • Office of Administrative Hearings means the panel described in ORS 183.605 to 183.690 established within the Employment Department to conduct contested case proceedings and other such duties on behalf of designated state agencies.