Payment Funds definition

Payment Funds refers to xxxx payment funds that correspond to Payment Data (also referred to as a “Payment);
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Payment Funds refers to bill payment funds that correspond to Payment Data (also referred to as a “Payment);
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Payment Funds means the sum of, without duplication, (i) all amounts of Available Funds, (ii) all other funds on deposit in the Collection Account, the Reserve Account and any other Trust Accounts and (iii) all other funds available pursuant to the Basic Documents for payment in accordance with the priorities set forth therein.
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Examples of Payment Funds in a sentence

  • The Payment Funds shall not be used for any purpose except as expressly provided in this Agreement.

  • If for any reason the Payment Funds are inadequate to pay the Merger Consideration, Parent shall remain liable and shall promptly make available to the Payment Agent additional funds for the payment thereof.

  • The Payment Agent shall agree to hold such funds (the "Payment Funds") for delivery as contemplated herein.

  • The Post-Maturity Payment Notice shall specify (x) the principal amount of the Debenture being prepaid by the Company (the "Payment Principal Amount"), (y) the date (the "Post-Maturity Payment Date"), which shall be not less than thirty (30) days after the Post-Maturity Payment Notice is received by the Holder, on which such payment will be made, and (z) identify the bank (the "Payment Bank") where the Payment Funds (as defined below) have been deposited.

  • The Cash Payment Funds shall be invested by the Exchange Agent as directed by Parent or the Surviving Corporation pending payment thereof by the Exchange Agent to the holders of record of shares of Company Common Stock.

  • The aggregate amount of any Letter of Credit and cash on deposit with respect to the Ground Rent/PILOT Payment Funds shall at all times be at least equal to the aggregate which Borrower would be required to deposit in such Reserve Fund over the next twelve (12) month period.

  • To the extent that any conversions made during the Payment Conversion Period are deemed made out of the Payment Principal Amount, the Payment Funds will then be adjusted to an amount equal to such outstanding principal plus all accrued but unpaid interest thereon through the Post-Maturity Payment Date.

  • The Post-Maturity Payment Notice shall be accompanied by the Payment Bank's confirmation to the Holder that funds (the "Payment Funds") equal to the Payment Amount have been deposited with the Payment Bank and instructions for the method by which the Holder can provide instructions to the Payment Bank to make payment of the Payment Funds to the Holder (such payment to made by check or wire, as specified by the Holder) on the Post-Maturity Payment Date.

  • Purchaser has all of the funds in its control and possession required in order to consummate the Parent Merger and the Sub Merger and to pay all fees and expenses as contemplated by this Agreement (the "Payment Funds").

  • Amounts deposited pursuant to this Section 6.2.1 are referred to herein as the "Ground Rent/PILOT Payment Funds".


More Definitions of Payment Funds

Payment Funds is defined in Section 5.2(e).
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Payment Funds has the meaning given to it in Section 2.2(b).
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Payment Funds means the Series A Payment Fund and Series B Payment Fund.
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Payment Funds means all payment funds established to pay the interest on and principal of all Parity Obligations. Principal Corporate Trust Office
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Related to Payment Funds

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Current Funds means wire transfers, certified funds or cashier's checks in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds.

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Grant Funds means any and all funds allocated or disbursed to Grantee under this Agreement.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Excess Funds shall have the meaning set forth in Section 2(l) of this Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Member Account means the regular account and the variable account.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.