Accounts and Disbursements. The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only:
Accounts and Disbursements. Amounts owing between the parties will be reconciled within 30 days of each month-end, and balances will be payable within 45 days of month-end, unless otherwise agreed to between the parties pursuant to Article XI below. Balances less than $50,000 may be settled on a quarterly basis.
Accounts and Disbursements. Borrower shall maintain the Construction Account and all other accounts with Bondowner Representative. Borrower shall deposit or cause to be deposited into the Equity Account of the Construction Fund (a) all amounts required to be deposited pursuant to Sections 5.3 and 5.4, and (b) amounts described in Sections 1.3 and 1.12 of the Deed of Trust relating to casualty insurance and condemnation proceeds. Bondowner Representative shall cause Bond Trustee to deposit all Disbursements (whether from Bond or Loan proceeds or other Funding Sources) for Approved Construction Costs into the ConstructionAccount. Bondowner Representative shall deposit or cause to be deposited all Disbursements from other Funding Sources for Approved Construction Costs into the Construction Account. All amounts deposited in the Construction Account and the Construction Fund shall be disbursed solely to pay Approved Construction Costs or, if applicable with respect to amounts described in Sections 1.3 and 1.12 of the Deed of Trust, to repair, rebuild and restore the Project on the same terms, and subject to the same conditions, that proceeds of the Loan are to be disbursed under this Agreement. All funds in the Construction Account and the Construction Fund are subject to the pledges described in the Loan Documents.
Accounts and Disbursements. The Bank shall establish and -------------------------------- maintain a separate account for each Series and shall credit to the separate account of each Series ail moneys received by it for the account of such Series and shall disburse the same only: In payment for Securities purchased for such Series, as provided in Section 5 hereof;