Cash Monitoring Clause Samples
The Cash Monitoring clause establishes procedures for overseeing and tracking the flow of funds within a particular agreement or financial arrangement. Typically, this involves regular reporting of cash balances, transaction activity, and sometimes the use of designated accounts subject to review by one or more parties. By implementing these controls, the clause helps ensure transparency, prevent misuse of funds, and allows parties to detect irregularities early, thereby reducing financial risk and promoting accountability.
Cash Monitoring. Lakes, through the Project's general manager, will promulgate, and all parties and their respective employees, agents, and representatives will obey operational policies consistent with the Gaming Ordinance respecting the handling of cash, security systems, and access to cash cage, counting rooms, and other places where cash is kept and handled. Pawnee and the Gaming Commission and its authorized representatives shall have the right to monitor and investigate systems for cash management implemented by Lakes and to verify daily Gross Gaming Revenues, Gross Ancillary Revenues, and Gross Total Revenues.
Cash Monitoring. Manager will promulgate, and all parties and their respective employees, agents, and representatives will obey operational policies consistent with the Gaming Ordinance respecting the handling of cash, security systems, and access to cash cage, counting rooms, and other places where cash is kept and handled. The tribe and the Gaming Commission and its authorized representatives shall have the right to monitor and investigate systems for cash management implemented by Manager and to verify daily Gross Gaming Revenues, Gross Incidental Revenues, and Gross Total Revenues.
Cash Monitoring. Operator shall conduct surveillance and other monitoring activities to ensure the integrity and proper conduct of the Gaming Activities at the Casino. Operator, on behalf of MSC, shall install a video and/or digital surveillance system and computerized systems for monitoring the slots or electronic gaming accounts and the Total Gaming Receipt on a daily basis. MSC, after consultation with Operator, shall promulgate, and all parties and their respective employees, agents, and representatives shall obey, operational policies respecting the handling of cash, security systems, and access to cash cage, counting rooms, and other places where cash is kept and handled. All such operational policies shall comply with applicable Laws. Subject to compliance with applicable Laws, MSC and its authorized representatives shall have the right to monitor and investigate systems for cash management implemented by Operator and to verify daily Total Gaming Receipt. Each party shall comply with all internal procedures adopted, instructions from the relevant authorities and all applicable Laws related with the prevention of money laundering, financing of terrorism and corruption, including the Minimum Internal Control Requirements or any other instructions issued and/or modified by the DICJ, as amended from time to time.
Cash Monitoring. As a Cost of Construction, LKAR shall install a video surveillance system and computerized systems for monitoring the Gross Gaming Revenues on a daily basis. LKAR through the enterprise's general manager will promulgate, and all parties and their respective employees, agents, and representatives will obey operational policies consistent with the Gaming Control Ordinance respecting the handling of cash, security systems, and access to cash cage, counting rooms, and other places where cash is kept and handled. The Tribe and the Tribal Gaming Commission and their authorized representatives shall have the right to monitor and investigate systems for cash management implemented by the Enterprise's general manager in order to prevent any skimming of receipts or losses of the proceeds and to verify daily Gross Gaming Revenues, Gross Incidental Revenues, and Gross Total Revenues.
Cash Monitoring. As a Cost of Construction, Manager shall install a video surveillance system and computerized systems for monitoring the Gross Gaming Revenues on a daily basis. Manager will promulgate, and all parties and their respective employees, agents, and representatives will obey operational policies consistent with the Gaming Control Ordinance respecting the handling of cash, security systems, and access to cash cage, counting rooms, and other places where cash is kept and handled. The Tribe and the Gaming Control Board and their authorized representatives shall have the right to monitor and investigate systems for cash management implemented by Manager in order to prevent any skimming of receipts or losses of the proceeds and to verify daily Gross Gaming Revenues, Gross Incidental Revenues, and Gross Total Revenues.
Cash Monitoring. The Manager will promulgate (subject to the Company’s approval), and all parties and their respective employees, agents, and representatives will obey, operational policies with respect to the handling of cash, security systems, and access to cash cage, counting rooms, and other places where cash is kept and handled. For purposes of this Agreement, cash shall include tokens, coupons, chips and other items which can be converted to cash by customers. Manager shall not, at any time, prevent or hinder authorized personnel of the Company in monitoring and investigating systems for cash management implemented by the Manager and to verify daily revenues and all other revenues and income of any kind and nature of the Casino Facilities.
Cash Monitoring. Operator shall conduct surveillance and other monitoring activities to ensure the integrity and proper conduct of the Gaming Activities at the Casino. Operator shall install a video and/or digital surveillance system and computerized systems for monitoring the slots or electronic gaming accounts and the Total Gaming Receipts on a daily basis. Operator shall promulgate, and all parties and their respective employees, agents, and representatives shall obey, operational policies respecting the handling of cash, security systems, and access to cash cage, counting rooms, and other places where cash is kept and handled. All such operational policies shall comply with applicable Laws. Each party shall comply with all internal procedures adopted, instructions from the relevant authorities and all applicable Laws related with the prevention of money laundering, financing of terrorism and corruption, including the Minimum Internal Control Requirements or any other instructions issued and/or modified by the DICJ, as amended from time to time.
Cash Monitoring. 5.1 To perform its cash monitoring obligations, BNYM shall ensure that the cash flows of the Fund are properly monitored in accordance with Article 9 and 10 of the Regulation and shall in particular ensure that all payments made by or on behalf of Investors upon the subscription of shares of the Fund have been received and that all cash that has been received by the Fund has been booked on the Cash Accounts opened by BNYM acting on behalf of the Fund at itself in accordance with the Custody Agreement or an entity that meets the requirements laid down in the Directive.
Cash Monitoring. In accordance with Regulation 34(3) of the Regulations and Articles 9 to 11 of the Delegated Regulations, the Trustee shall ensure effective and proper monitoring of the Funds’ cash flows. In addition in accordance with Regulation 34(3) of the Regulations and Article 10 of the Delegated Regulations, the Trustee shall:
(a) ensure that all cash of the Trust is booked in accounts opened with Regulated Banks;
(b) implement effective and proper procedures to reconcile all cash flow movements and perform such reconciliations on a daily basis or, in case of infrequent cash movements, when such cash flow movements occur;
(c) implement appropriate procedures to identify at the close of each Business Day significant cash f lows and in particular those which could be inconsistent with the Trust’s operations, the meaning of “significant” and “inconsistent” cash flows to be determined in the Prospectus;
(d) review periodically the adequacy of those procedures including through a full review of the reconciliation process at least once a year and ensuring that the cash accounts opened in the name of the Trust or Fund or in the name of the Trustee acting on behalf of the Trust or Fund are included in the reconciliation process;
(e) monitor on an on-going basis the outcomes of the reconciliations and actions taken as a result of any discrepancies identified by the reconciliation procedures and notify the Manager if an irregularity has not been rectified without undue delay and also the competent authorities if the situation cannot be clarified or, as the case may be, corrected;