Cleared Funds. For the purpose of this Bank Agreement, Subscription Payments shall constitute "Cleared Funds" in accordance with the following:
Cleared Funds. (i) The Client acknowledges and agrees that PKF Capital will credit those moneys to the Segregated Funds Account only when they become cleared funds. Accordingly, moneys paid by international electronic transfers, in accordance with relevant bank and currency practice, may not be available as collateral and, therefore, Free Margin for a number of Business Days.
Cleared Funds. I/We acknowledge that is my/our responsibility to ensure that there are sufficient cleared funds in the nominated account by, and at all times on, the due date of the payment (“Day to Debit”) to enable the direct debit to be honoured on the Day to Debit. I/We acknowledge and agree that sufficient funds will remain in the nominated account until the direct debit amount has been debited from the account and that if there are insufficient funds available when the debit is attempted, I/we agree that I/we will be responsible for any fees and charges that may be charged by my/our Financial Institution.
Cleared Funds. The Company is not obliged to pay Accrued Interest to a Bondholder (or the Supervisor on its behalf) under this Deed unless and until the Bondholder has paid in full and in cleared funds the Issue Price for the Bonds issued to him or her. The Company may also (but need not) forfeit any Bonds issued to a Bondholder if that Bondholder does not pay the Issue Price in full and cleared funds for the relevant Bonds. Any Bonds forfeited under this clause shall be cancelled or transferred by the Company to any person or persons selected by the Company.
Cleared Funds. Unless specified otherwise in a Series Supplement for any Series, the Company is not obliged to pay Accrued Interest to a Bondholder (or the Supervisor on its behalf) under this Deed unless and until the Issue Price for the relevant Bonds has been paid in full and in cleared funds. The Company may also (but need not) forfeit any Bonds issued to a Bondholder if that Bondholder does not pay the Issue Price in full and cleared funds for the relevant Bonds. Any Bonds forfeited under this clause shall be cancelled or transferred by the Company to any person or persons selected by the Company.
Cleared Funds. 7.1 All withdrawals or investments may only be made by me/us against cleared and sufficient funds in my/our account. Any withdrawal or investment made by me/us, on the assumption that funds will be cleared, will be repaid by me/us ,if not so cleared, and I/we hereby acknowledge that the Bank reserves the right to refuse to make payment against uncleared and/or insufficient funds. All cheques or drafts will be purchased or discounted by the Bank on this basis.
Cleared Funds. All payments under this clause 3 must be paid by bank cheque, telegraphic transfer to an account or accounts nominated by the Vendor or otherwise in cleared funds.
Cleared Funds. With the exception of the Escrow Amount which must be paid into the Escrow Account, all payments under this agreement must be paid by bank cheque, telegraphic transfer to an account or accounts nominated by, as applicable, the Vendors or the Purchasers or otherwise in cleared funds.
Cleared Funds. Payments to be made under this Agreement by one Party to the other shall be made in Pounds Sterling not later than three (3) Business Days after the date on which they become due and payable and shall be made in immediately available funds free and clear of all deductions or withholdings of any kind except for those required by law, and if any withholding must be made by law, the paying Party will pay that additional amount so that the Party entitled to receive payment receives a net amount equal to what would have been received had there been no withholding. All payments to be made under this Agreement by one Party to the other shall be credited to the Parties’ respective accounts as set out in Schedule 2 or to such other account(s) at such other bank(s) as the Parties shall notify to each other in writing from time to time.
Cleared Funds. All amounts payable under CLAUSE 4.3, CLAUSE 4.4 and CLAUSE 5.4 in connection with repayment of the SPV Inter-Company Debt and UK Inter-Company Debt must be paid by bank cheque, telegraphic transfer to an account or accounts nominated by the Vendor Guarantor (as agent for the Vendors) or by the Purchaser (as appropriate) or otherwise in cleared funds.
