Third Party Funds definition

Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.
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Third Party Funds has the meaning specified in Section 10.05.
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Third Party Funds means any accounts or funds, or any portion thereof, received by the Company or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon the Company or one or more of its Subsidiaries to collect and remit those funds to such third parties.
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Examples of Third Party Funds in a sentence

  • Manulife Investment Management (Hong Kong) Limited (“Manulife”) offers a comprehensive range of retail funds including funds managed by a Manulife Group Company and Third Party Funds (altogether the “Funds”).

  • You make the representations, warranties and undertakings relating to the investors and holders of the Third Party Funds in the Fund Offering Documents.

  • Following any such payment by such transfer of accounts and upon delivery to Agent by Borrower of evidence satisfactory to Agent, in its sole discretion, that such accounts, at the time of such application contained funds held in the legal capacity of agent, operator or trustee for a third party (any funds so held, "THIRD PARTY FUNDS"), Agent will remit to the Person or Persons in whose name the account is held such Third Party Funds.

  • For the avoidance of doubt, notwithstanding any commingling, Third Party Funds shall not be Collateral subject to any Lien arising or created under any Collateral Document.

  • For the avoidance of doubt, without the prior written consent of the Accounts Bank, the Accounts Bank shall not have any duties or obligations with respect to any Third Party Funds Account.


More Definitions of Third Party Funds

Third Party Funds means any accounts or funds, or any portion thereof, received by Issuer or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Issuer or one or more of its Subsidiaries to collect and remit those funds to such third parties.
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Third Party Funds means Funds not advised or sponsored by BBH or its affiliates.
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Third Party Funds means any cash and cash equivalents (and the related escrow accounts, segregated accounts or similar accounts, if any) held or received on behalf of third parties (other than the Company or any Subsidiary Guarantor), including, without limitation, the lessors (or lenders to such lessors) under any Master Lease or Gaming Lease or maintained in an escrow account or similar account pending application of such proceeds in accordance with the applicable Master Lease or Gaming Lease.
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Third Party Funds means (if any) the portion of the Matching Funds set forth in the Funding Structure payable by Third-Party Funder(s) as detailed in the Payment Schedule; and
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Third Party Funds means (i) any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties (other than the Loan Parties) in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties, (ii) accounts primarily holding funds received from insurance companies in connection with the third party claims of management and handling business of the Borrower and the Subsidiaries (together with the funds held in such accounts) and (iii) cash and Permitted Investments securing Hedging Agreements in the ordinary course of business submitted for clearing in accordance with applicable Requirement of Law.
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Third Party Funds means (i) any segregated accounts or funds, or any portion thereof, received by the Dutch Issuer or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon the Dutch Issuer or one or more of its Subsidiaries to collect and remit those funds to such third parties, (ii) any segregated restricted cash account and escrow account held exclusively for the benefit of third parties (other than the Issuers or a Subsidiary), (iii) any segregated fiduciary or trust account held exclusively for the benefit of third parties (other than the Issuers or a Subsidiary), and, in each case of the clauses (i) through (iii), the funds or other property held in or maintained in any such account.
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Third Party Funds has the meaning ascribed to it in Annex C.
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