Examples of Minimum Funding Amount in a sentence
Beneficiary shall cooperate with all reasonable requests of Completion Guarantor that are not inconsistent with the terms of this Agreement, the Interparty Agreement or the Distributor Assignments, as applicable, and which do not require expenditures by Beneficiary beyond its Minimum Funding Amount.
Beneficiary shall cooperate with all reasonable requests of Completion Guarantor that are not inconsistent with the terms of this Completion Guaranty, the Interparty Agreement or the Distributor Assignments, as applicable, and which do not require expenditures by Beneficiary beyond its Minimum Funding Amount.
You can find the Minimum Funding Amount and fee for transfers that do not meet the threshold in our FAQs at xxxxx://xxxx.xxx/faq or within the Step App (under “Account Limits” in the “Account Information” section).
For any transfer that does not meet or exceed the Minimum Funding Amount, a fee may be imposed on such transfer as described in the Fee Schedule.
If, after a period of five (5) years from the date the Agreement was established, the amount credited to the Fund is less than the Minimum Funding Amount, the Foundation may elect, in its sole discretion, to either (i) treat the amount of contributions credited to the Fund as a restricted fund of the Foundation to benefit educational purposes of the Fraternity or (ii) add the Fund to the general funds of the Foundation.