Commingling of Funds. definition

Commingling of Funds.. This term means that funds can be merged in a bank account along with other city funds, but the funds are segregated in budget and accounting records in enough detail to identify the exact balance at the end of each accounting period.
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Examples of Commingling of Funds. in a sentence

  • No SPONSOR shall directly or indirectly pay or award any commissions or other compensation to any PERSON engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchaser of interests in a particular PROGRAM; provided, however, that this clause shall not prohibit the normal sales commissions payable to a registered broker-dealer or other properly licensed PERSON for selling PROGRAM INTERESTS.G. Commingling of Funds.

  • Commingling of Funds Grant recipients must not deposit or record funds in a general account without the ability to identify each specific source of funds for any expenditures, which is known as commingling of funds.

  • Commingling of Funds An Insured arising out of, based upon or attributable to any commingling of funds or accounts; 9.

  • Compliance Checks Security Deposits Funded Reserves Residual Receipts Management Fees Commercial Facilities Owner contributions and advances Excess Rental Charges Unapproved Charges Assessed Acquisition of Long-Term Liability Commingling of Funds Physical Condition of Project Other Compliance Areas Summary of Compliance Checks 2-21.

  • You must establish a confidentiality policy regarding medical and disability-related information for programs involving prevention, intervention, or substance abuse/ dependency treatment and aftercare.(D) Commingling of Funds.

  • The Moving Defendants’ Improper Commingling of Funds Is Not a Defense to the Trustee’s Subsequent Transferee Claims The Merkin Funds also seek dismissal based on their assertion that the Trustee cannot as a matter of law trace the Debtor’s funds to the subsequent transferees because the Moving Defendants improperly commingled the initial transfers received from BLMIS with other funds.

  • Investing Reserves – Condominiums Present SituationReserve Funds In addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance.55 Commingling of Funds and Investing Section 718.111(14), F.S., requires all funds collected by an association to be maintained separately in the association's name.

  • Commingling of Funds................................................................

  • Further, the Commingling of Funds Policy on page 10 of the Governor’s Crime Commission 2004 Grant Award Packet states,.....the accounting systems of all recipients and subrecipients must ensure that agency funds are not commingled with funds from other Federal agencies.

  • The significance of his statement and this ceremony must be understood in the context of the Indonesian government‘s plan to build a modern agricultural estate in Marauke, the so-called Merauke Integrated Food and Energy Estate in the name of―feeding Indonesia, feeding the world‖.5 The completion of the development project will eventually dispossess land from the Marind people.Gebze clan is one of the seven major clans of Marind tribe, the native settlers of Merauke.

Related to Commingling of Funds.

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

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

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Cost of Funds means, with respect to a Loan in an Alternative Currency, the actual cost to a Lender of funding or maintaining such Loan in the applicable currency from whatever source it may reasonably select for the relevant Interest Period.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

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

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • 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.

  • 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.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).