Relevant Funds has the meaning as described in clause 15.2 of this Agreement.

Relevant Funds means any other Fund(s) under which the PTE receives Funding.

Relevant Funds means funds received by Vitesse for the provision of Payment Services and held by Vitesse in accordance with Clause 5.5 of this Agreement and which are credited to the Client’s Payment Account as shown on the Online Interface.Where the Client has selected to receive the issuance of E-Money together with the Payment Service, the relevant funds are the funds received in exchange for the E-Money issued to the Client. Where the Client has selected to receive the Payment Service without any E-Money being issued to the Client, the relevant funds are the funds received by Vitesse (i) from, or for the benefit of the Client, for the execution of a payment transaction or (ii) from a Payment Service Provider for the execution of a payment transaction on behalf of the Client;

Examples of Relevant Funds in a sentence

Relevant Funds will be held in a Trust Account maintained by a bank licensed under the Banking Act 1970.
For the avoidance of doubt, any funds that are subject to a Hold in your World Account (including any Initial Margin or Margin) will not be regarded as Relevant Funds that have to be safeguarded by WorldFirst.
Relevant Funds will be segregated and not commingled with the moneys of our other customers or any other funds, save that we may from time to time advance money to the Trust Account from our own funds as permitted under Applicable Laws.
Where WorldFirst receives Relevant Funds from its Clients, the aggregate Relevant Funds will be safeguarded in Trust Accounts.
You acknowledge and agree that Relevant Funds will not include any moneys paid to us that will be used to defray any fees or charges imposed by us in connection with this Agreement, or any moneys used to reduce the amount owed by you to us.

More Definitions of Relevant Funds

Relevant Funds. ’ means, in respect of RoC or RoRP and any Relevant Period, an amount equal to:

Relevant Funds means the compensation fund and the fidelity fund established and maintained under the substituted Part;

Relevant Funds has the meaning given to such term at Clause 22.14(a)(iii) (Excess Cash Flow / Purchase of Satellites).

Relevant Funds means the funds received by WorldFirst from, or on account of, the Client in respect of the Forward FX Services, including a sale, purchase or holding of a Forward FX Transaction, but does not include fees or charges owed to WorldFirst or such other sums used to reduce the amount owed to WorldFirst by the Client. “Sale Currency” means the currency being bought by us and sold by you.

Relevant Funds means Funds or Traded Funds held at the end of the business day following the day on which they were received.

Relevant Funds means funds falling within the scope of regulation 19(1) of the PSRs 2009 and, subsequently, regulation 23(1) of the PSRs 2017;

Relevant Funds means the MST, the MPSSP and the MATS Funds;