CONTRACT FUNDS Sample Clauses

CONTRACT FUNDS. It is the intent of the Employer to provide the Federation with quarterly updates of its reports concerning the status of contract accounts. Best efforts shall be employed to issue updates in accordance with the following schedule: • For the first quarter (July through September), approximately the last week of October; • For the second quarter (October through December), approximately the last week of January; • For the third quarter (January through March), approximately the last week of April; and • For the fourth quarter (April through June), approximately the last week of July. Updates of reports on the status of contract accounts shall include credits and expenditures for the fiscal year to date, including rollout and cash, as appropriate. If, at the end of a fiscal year, fewer than all of the current year’s allotted dollars in a given account have been spent, the parties shall meet at the request of either of them to discuss the disposition of said unspent funds. It is understood that unspent contract funds shall not lapse. Contract dollars shall be used only for contractually prescribed purposes, unless otherwise agreed by the Board and the Federation. APPENDIX L REOPENER: NONCREDIT LECTURER SALARY SCHEDULE
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CONTRACT FUNDS. It is the intent of the Employer to provide the Federation with quarterly updates of its reports concerning the status of contract accounts. Best efforts shall be employed to issue updates in accordance with the following schedule: For the first quarter (July through September), approximately the last week of October; For the second quarter (October through December), approximately the last week of January; For the third quarter (January through March), approximately the last week of April; and For the fourth quarter (April through June), approximately the last week of July.
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CONTRACT FUNDS. “Contract Funds” means funds available for payment by the State to Contractor pursuant to this Price Agreement for Orders placed by State Ordering Entities (State Agencies, Institutions of Higher Education, and other State departments).
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CONTRACT FUNDS. The type of currency and amount Customer agrees to purchase or sell from or to Custom House using the Services.
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CONTRACT FUNDS 
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Related to CONTRACT FUNDS

  • TRUST FUNDS The Owner hereby gives power to the Agent to deposit all receipts collected for the Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from the Agent’s personal accounts. The Agent shall not be liable in the event of a bankruptcy or failure of a financial institution. All funds managed under this section must be done so in accordance with applicable law.

  • Escrow Accounts Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement.

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Reserve Funds Section 7.1.

  • Surplus Funds Any surplus funds remaining at the close of each fiscal year will be used to enhance the Charter School’s academic program. Under no circumstances shall any surplus be distributed to the Charter School’s employee(s), board member(s), educational service provider or educational management organization. Nothing in this section shall be construed to prevent the Charter School from setting aside surplus funds in a reserve account or budgeting and awarding performance bonuses as part of their annual operating expenses.

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

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