Company Accounts Sample Clauses

Company Accounts. Titan shall provide notice to Company of any decrease in an ACL which results in a revised ACL that is lower than the aggregate current amount outstanding on the Account. Upon such event, Company shall have ten (10) days to make a payment to Titan on the Account that is sufficient to reduce the aggregate current amount outstanding for such Account to an amount that is equal to or less than the revised ACL. (2)
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Company Accounts. All funds of the Company shall be deposited by the Administrative Member into one or more federally insured operating accounts (collectively, the “Operating Accounts”). The Administrative Member shall transfer portions of the balance of the Operating Accounts which are not immediately needed to pay for operations of the Company (whether in order to make a contribution to any Company Subsidiary or otherwise) from time to time to a bank controlled investment account (that invests in high grade commercial paper) in accordance with sound cash management principles (“Money Market Account”). If there are Company Subsidiaries, subject to the terms of any applicable Project Financing Documents, each shall deposit, or cause to be deposited, the revenues of the Properties into one of the Operating Accounts. The Operating Accounts and Money Market Account (collectively, the “Accounts”) shall be maintained in the name of the Company with a money center financial institution approved by BREA. The funds within the Accounts shall be segregated from, and not commingled with any accounts of any Member or Affiliate thereof, or any other accounts that the Members may hereafter establish for the Company or any Company Subsidiary from time to time. The investment of the funds within the Accounts shall be directed by the Administrative Member, subject to the approval by BREA. Withdrawals from the Accounts shall be made upon such signature or signatures as the Administrative Member may designate (provided that such signatories are approved by BREA), and shall be made only in connection with expenses related to the Company assets (including contributions to a Company Subsidiary) which are in conformance with the Requirements.
Company Accounts. The Manager shall maintain the funds of the Company in such accounts, if any, as it deems appropriate.
Company Accounts. Section 5.4 of the Company Disclosure Letter sets forth each Company Account, together with the type of entity and jurisdiction of organization as of the date hereof. Except as set forth in Section 5.4 of the Company Disclosure Letter, no Person other than the Company and BEM is entitled to receive fees, carry or other compensation or payments (other than ordinary course distributions to members) from such Company Accounts.
Company Accounts. 24 9.5 Accounting Decisions and Reliance on Others.................24 9.6 Tax Matters for the Company Handled by Manager and Tax Matters Partner.............................................24
Company Accounts. By signing up for this service, you request that each of your accounts with the Bank identified in the Business Online Banking Application (“Application”) be made available for access through the Business Online Banking Product. You may request us to include accounts of affiliated companies for access through the Product (e.g., companies in which you or your parent have direct or indirect majority ownership). YOU REPRESENT AND WARRANT TO THE BANK THAT YOU HAVE THE AUTHORITY TO GIVE SUCH INSTRUCTIONS TO THE BANK AND TO HAVE SUCH ACCOUNTS INCLUDED IN THIS AGREEMENT. You shall provide to us written authorization from such affiliated companies permitting their accounts to be included in this Agreement and authorizing you access to such accounts. Such authorization shall be in form and substance acceptable to us.
Company Accounts. Schedule 5.34 sets forth as of the date of this Agreement, the names and locations of all banks, trust companies, savings and loan associations and other financial institutions at which the Company or any Company Subsidiary maintains safe deposit boxes, checking accounts or other accounts of any nature (each, a “Company Account”) the available balance of which customarily exceeds $5,000 and the names of all Persons authorized to draw thereon, make withdrawals therefrom or have access thereto.
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Company Accounts. The accounts delineated on the Treasury Services Master Agreement Authorization Form, attached hereto, are the depository accounts established by the Company at the Bank, whether a deposit, clearing, investment, special, or general account, and specifically including any custodial accounts established by the Company with funds held by the Bank for the benefit of, or beneficially owned by, third parties. These accounts, together with any other account subsequently established by the Company at the Bank, are referred to herein as the “Company Account(s)” or “Account(s)” and are hereby made subject to this Agreement. The Company will at all times maintain with the Bank, in the Company Accounts, collected balances sufficient to reimburse the Bank for all items, orders for payment and other amounts which the Bank pays on the Company’s behalf or are chargeable to the Company hereunder. If a Company Account has insufficient funds to pay charges, orders for payment, or items on the Company’s behalf, the Bank will have no obligation to pay such charges, orders or items or to give any notices or to take any remedial or other action, and may refuse to pay such charges or dishonor and return unpaid such orders or items, or the Bank may debit and offset such amount against another Company Account (unless such other Company Account is specifically designated as a “Special Account”). If the Bank pays such amounts, orders or items in the anticipation of the availability of sufficient collected funds, the Company will, upon demand, immediately remit sufficient collected funds and the Bank may exercise any legal right to collect such funds, including, but not limited to, set-off against any Company assets held by the Bank or funds that the Company has on deposit in trust or otherwise whether represented by an account, certificate or time deposit. The Company acknowledges and agrees that it is liable for and will pay the Bank any fees or charges agreed to with respect to any Company Account as provided herein, as provided in any other agreement between the Company and the Bank, as otherwise charged by the Bank in accordance with its standard practices and procedures, or which result from any services requested by the Company or any account deficit resulting from charges, overdrafts or account activity relating to a Company Account (the “Obligations”). For purposes hereof, an affiliate of the Company includes any person or entity controlling, controlled by or under common con...
Company Accounts. Section 5.4 of the SellersDisclosure Letter sets forth each Company Account, together with the type of entity and jurisdiction of organization as of the date hereof. No Person other than the Company and the Sellers is entitled to receive fees, carry or other compensation or payments (other than ordinary course distributions to members) from such Company Accounts.
Company Accounts. The Company shall maintain for accounting purposes the following memorandum accounts for each Member:
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