Collected Funds. No Subscription Payment shall be disbursed pursuant to Section 5 until such Subscription Payment has been received by the Escrow Agent in immediately available funds.
Collected Funds. Funds collected from the Federal Reserve as a result of the processing of EFT Data entries.
Collected Funds. The phrase "collected funds" relates to the total amount of funds received by the Escrow Agent from the Underwriter.
Collected Funds. The Operating Account will be cleared by Bank daily on mutually agreed upon days as to collected funds, and such collected funds will be applied to the principal balance of and accrued interest then due and payable on the Line. Upon the occurrence and during the continuance of an Event of Default, Bank may apply such collected funds to the Bank Indebtedness in such order as it may elect.
Collected Funds. No interest shall accrue on any Subscription Payment and no Subscription Payment shall be disbursed pursuant to Section 6 until the Subscription Payment has been received by the Escrow Agent in immediately available funds.
Collected Funds. No Subscription Payment shall be disbursed pursuant to Section 3 until the Escrow Agent receives such Subscription Payment in immediately available funds. If, upon presentment for payment, any payment instrument is dishonored, the Escrow Agent shall immediately notify the Company of such dishonor and return such payment instrument to the Company.
Collected Funds. You are responsible to maintain good and sufficient collected funds in or available credit on each Account from which you instruct us to transfer money and we are not obligated to process a payment order or other instruction if you do not have sufficient collected funds on deposit in or available credit on the Account at the time the payment order or instruction is received.
Collected Funds. No interest shall accrue on any Subscription Payment and no Subscription Payment shall be disbursed pursuant to Section 7 until such Subscription Payment has been received by the Escrow Agent in immediately available funds.
Collected Funds. No monies shall be required to be disbursed by the Escrow Agent until and unless it has collected funds.
Collected Funds. If you do not have sufficient collected funds available in your Designated Account to effect your Transfer Instruction, then we will have no obligation to implement that Transfer Instruction. We may, however, in our sole discretion, choose to implement such Transfer Instruction. If we do so, you must immediately pay to us the full amount of any overdraft created in your Designated Account by the resulting Wire Transfer plus all overdraft charges incurred as a result of such Wire Transfer. We may, at any time and in our sole discretion and without prior notice to you, require you to have sufficient collected funds available in your Designated Account prior to our processing your Transfer Instructions, even if we have previously implemented Wire Transfers for you when you did not have sufficient collected funds available in your Designated Account. We may debit your Account(s) for Wire Transfers and other items in any order that we may determine in our sole discretion. UMB/R072018/BPB Our Right to Assure Payment. Notwithstanding any other provisions of these Wire Transfer of Funds Service terms and conditions or the Domestic and International Wire Transfer of Funds Services Description, without prior notice to you, we are authorized to place a hold on funds in any of your Accounts (or in any account at any of our Affiliates which account is owned in whole or in part by you), or to take any other action that we deem appropriate and not violative of Applicable Law to ensure that we receive payment for your Wire Transfers. We may charge any Account (or any account at any of our Affiliates which account is owned in whole or in part by you) for any Wire Transfer. We also may set off against any amount that we owe to you (or any amount any of our Affiliates owes you) in order to obtain payment of any of your obligations to us described in these Wire Transfer of Funds Service terms and conditions.
