Secured Funds definition

Secured Funds means all present and future moneys that you provide to us from time to time (and all interest that may accrue or become due or payable on the said moneys) which we hold as collateral security for payment of the Obligations
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Secured Funds means the funds held in your Believe Secured Account necessary to fully secure the balance of your Believe Card Account, which can be calculated at any time as the current total of the outstanding fees and all pending or settled transactions on your Card.
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Secured Funds means the funds held in your Believe Secured Account necessary to fully secure the balance of your Believe Card Account, which can be calculated at any time as
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Examples of Secured Funds in a sentence

  • In addition, Client expressly grants Bank authority to review and access the Report and other data generated by Client’s Smart Safe Courier relating to Secured Funds in the Smart Safe.

  • Client may cause Client’s Smart Safe Courier to deliver checks and funds other than Secured Funds to the Virtual Vault location along with Secured Funds.

  • To the extent Client retains any interest in the Secured Funds by operation of law or otherwise, Client hereby grants Bank a security interest in all such Secured Funds.

  • Bank will post provisional credit in the Account for Secured Funds on the business day Bank receives the Report subject to Bank’s normal deposit cutoff hours and to any reserves Bank establishes.

  • For Cash other than Secured Funds, Bank will credit the Account with the aggregate dollar amount of such Cash stated on the corresponding deposit slip accompanying delivery.

  • Client acknowledges that Bank will adjust Client’s Account for any errors or as a result of counterfeit currency delivered to Bank including Secured Funds.

  • Client agrees that the Smart Safe Courier's count of Secured Funds and Bank’s count of other currency and coin received by Bank or through Client’s Smart Safe Courier are final and conclusive.

  • Client agrees that all Secured Funds will be delivered to Client’s Smart Safe Courier for transportation to Bank or an approved Virtual Vault location for verification and processing, and will not be removed from the Smart Safe or used by Client for any purpose.

  • If Client places Cash, including Cash rejected by the cassettes, Checks or other instruments in the Smart Safe outside the secure cassettes which are then picked up by Client’s Smart Safe Courier, such Cash, checks or other instruments are not Secured Funds under this Service Description.

  • For example, if Client causes Client’s Smart Safe Courier to transmit to Bank a Report of Monday's receipts in the cassettes after the close of business on a Monday and prior to Bank’s processing cutoff time on Tuesday, the amount of Secured Funds reported in that Report will be reflected in the Designated Account for Tuesday assuming Tuesday is a business day.

Related to Secured Funds

  • Structured Finance Obligation means any obligation of a special purpose vehicle secured directly by, referenced to, or representing ownership of, a pool of receivables or other assets, including collateralized debt obligations and single asset repackages.

  • Cleared Funds means the proceeds of cheque deposits to your account, once the cheque is cleared, cash deposits and direct credits.

  • Secured Longer-Term Indebtedness means, as at any date, Indebtedness for borrowed money (other than Indebtedness hereunder) of the Borrower (which may be Guaranteed by Subsidiary Guarantors) that (a) has no amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum (or an amount in excess of 1% of the aggregate initial principal amount of such Indebtedness per annum on terms mutually agreeable to the Borrower and the Required Lenders)) or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date; (b) is incurred pursuant to documentation containing (i) financial covenants, covenants governing the borrowing base, if any, covenants regarding portfolio valuations, and events of default that are no more restrictive in any respect than those set forth in this Agreement (other than, if such Indebtedness is governed by a customary indenture or similar instrument, events of default that are customary in indentures or similar instruments and that have no analogous provisions in this Agreement or credit agreements generally) (provided that, upon the Borrower’s request, this Agreement will be deemed to be automatically amended (and, upon the request of the Administrative Agent or the Required Lenders, the Borrower and the Lenders shall enter into a document evidencing such amendment), mutatis mutandis, to make such covenants more restrictive in this Agreement as may be necessary to meet the requirements of this clause (b)(i)) and (ii) other terms (other than interest and any commitment or related fees) that are no more restrictive in any material respect than those set forth in this Agreement; and (c) ranks pari passu with the obligations under this Agreement and is not secured by any assets of any Person other than any assets of any Obligor pursuant to the Security Documents and the holders of which, or the agent, trustee or representative of such holders on behalf of and for the benefit of such holders, have agreed to be bound by the provisions of the Security Documents in a manner reasonably satisfactory to the Administrative Agent and the Collateral Agent. For the avoidance of doubt, (a) Secured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Secured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition and (b) any payment on account of Secured Longer-Term Indebtedness shall be subject to Section 6.12.

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense. “State Water Pollution Control Revolving Fund (Revolving Fund)” means the water pollution control revolving fund established by Chapter 90.50A.020 RCW.