Daily Deposits Sample Clauses

Daily Deposits. Notwithstanding the foregoing, the Servicer need -------------- not make daily deposits of Collections into the Collection Account at any time when the requirements of the third paragraph of subsection 4.03(a) of the Agreement are satisfied.
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Daily Deposits. The Servicer is required to make deposits into the Collection Account on a daily basis pursuant to Section 3.02 (b) and not monthly pursuant to Section 3.02(a) as of the date hereof and shall continue to be so obligated until such date (if any) on which the Servicer by Servicer Notice certifies to the Trustee that the conditions precedent to the applicability of Section 3.02(a) have been satisfied. For so long as the Servicer is so obligated to make deposits on a daily basis, not later than 3:00 p.m. (New York time) on the first Business Day of each week, commencing in the week following the initial Lease Purchase Date, the Servicer will deliver to the Company and the Trustee a written statement verifying the amount delivered by the Servicer from the Lock Box Account to the Trustee for deposit into the Collection Account on each Business Day during the preceding week.
Sample 1
Daily Deposits. The State's Daily Payment for each Casino Gaming Day shall be deposited by wire or electronically directly into the Louisiana Casino Revenue Account, or such other account designated by the State by and through the Gaming Board, by 5:00 p.m. Central Standard Time (or Central Daylight Savings Time when in effect in Louisiana) of the next Business Day following the close of that Casino Gaming Day (unless the Gaming Board directs a different method). For example, the State's Daily Payment for the Casino Gaming Day ending 6:00 a.m. on Thursday, June 11, 1998 shall be deposited in the Louisiana Casino Revenue Account by 5:00 p.m. on Friday, June 12, 1998.
Sample 1
Daily Deposits. 59 6.6. Casino Operator's Right to Grant Security Interest...................................................60 6.7.
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Daily Deposits. The Daily Payment for each non-Business Day shall be carried forward without interest and paid on the next Business Day. The Casino Operator shall be entitled to a set-off against any Daily Payment due in an amount equal to the Payment Credit. The Casino Operator shall also be entitled to offset against each Daily Payment due during the second Full Fiscal Year a per diem amount equal to Four Million Eight Hundred Twelve Thousand Four Hundred Forty Seven Dollars ($4,812,447) divided by the number of days in such second Full Fiscal Year as a credit for the overpayment of funds previously paid by the Casino Operator to the LEDGC. Except as provided hereinabove in this Section 6.3(a) "Amount and Payment of Daily Payment," there shall be no abatement in, any right of offset, setoff, or recoupment of, or any right to withhold or fail to pay the Daily Payment as required in Section 6.5 - "Daily Deposits."
Sample 1
Daily Deposits. The Daily Payment for each non-Business Day shall be carried forward without interest and paid on the next Business Day. The Casino Operator shall be entitled to setoff against any Daily Payment to be paid directly into the Louisiana Casino Revenue Account, the amount of any Directed Payment actually paid to the Parish of Orleans and/or to the Compulsive and Problem Gaming Fund pursuant to Section 6.5(b)
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Daily Deposits. (d) Section 6.5 of the Amended COC is amended by deleting same in its entirety and substituting the following in its place and stead:
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Daily Deposits. 37 SECTION 3.05. Reserve Account................................................................... 37 SECTION 3.06. Payahead Account ................................................................. 37 SECTION 3.07. Collection Account ............................................................... 38 SECTION 3.08. Contract Purchase Account ........................................................ 40 SECTION 3.09. Reports, Notices of Certain Payments ............................................. 41 SECTION 3.10. Trustee May Rely on Certain Information .......................................... 41
Sample 1
Daily Deposits. For each date that is not a legal bank holiday, NFS will make deposits of cash, checks and money orders received in Client's name to an account maintained by Client at a bank chosen by Client in Pennsylvania (the "Bank"). The Client, at its option, may choose a bank outside of Pennsylvania (also defined as a "Bank"), and if the Client so chooses such Bank, then NFS will send by Federal Express each day all funds received on such day, together with a deposit slip to such Bank using Client's Federal Express account number and will send by facsimile to Client a copy of such deposit slip. Furthermore, NFS will provide a daily deposit report to Client each day that is not a legal bank holiday.
Sample 1

Related to Daily Deposits

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • Time Deposits Without prejudice to any right of set-off any Finance Party may have under any other Finance Document or otherwise, if any time deposit matures on any account the Chargor has with any Finance Party within the Security Period when:

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Returned Deposits Any credit to your account for checks deposited using Mobile Deposit is provisional. If original checks deposited through Mobile Deposit are dishonored, rejected, returned unpaid by the drawee bank, or are rejected or returned by a clearing agent or collecting bank, for any reason, including, but not limited to, issues relating to the quality of the image, you agree that an original check will not be returned to you and that we may charge back the amount of the original check and provide you with an image of the original check, a paper reproduction of the original check, or a substitute check. You will reimburse us for all loss, cost, damage or expense caused by, or relating to, the processing of the returned item. Without our approval, you shall not attempt to deposit or otherwise negotiate an original check if it has been charged back to you. We may debit any of your accounts to obtain payment for any item that has been rejected or returned, for any adjustment related to such item or for any warranty claim related to such item, whether or not the rejection, return, adjustment or warranty claim was made timely.

  • Cash Deposits Within the limitations of this Subsection, Purchaser shall make cash deposits to meet Purchaser’s obligations within 15 days of billing by Forest Service. Deposits shall be made to Forest Service, U.S.D.A., by mail or delivery to the address to be fur- nished by Forest Service. Forest Service shall explain the bill at the time it requests each deposit.

  • Net Deposits As an administrative convenience, unless the Servicer is required to remit collections within two Business Days of the Posted Date, the Servicer will be permitted to make the deposit of collections net of distributions, if any, to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

  • Escrow Deposits All escrow deposits and escrow payments currently required to be escrowed with the Mortgagee pursuant to each Mortgage Loan (including capital improvements and environmental remediation reserves) are in the possession, or under the control, of the Mortgage Loan Seller or its servicer, and there are no delinquencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to the Depositor or its servicer (or, in the case of a Non-Serviced Mortgage Loan, to the related depositor under the Non-Serviced PSA or Non-Serviced Master Servicer for the related Non-Serviced Trust).

  • Tenant Deposits All tenant and licensee security deposits collected and not applied by Seller (and interest thereon if required by law or contract) shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller's obligations related to tenant and licensee security deposits, but only to the extent they are credited or transferred to Purchaser.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Direct Deposits The Credit Union may offer direct deposit options allowing you to preauthorize deposits (i.e., payroll checks, Social Security or retirement checks, or other government checks) or preauthorize transfers from other accounts at the Credit Union. You must authorize any direct deposits to your accounts by a separate authorization form. If applicable, you must notify the Credit Union at least thirty (30) days prior to any direct deposit or preauthorized transfer if you wish to cancel or change the direct deposit or direct transfer option. Upon a filing of a bankruptcy, if you fail to cancel any direct deposit authorization, you instruct your employer and the Credit Union to make and apply direct deposits in accordance with your authorization on file with the Credit Union. If the Credit Union is required to reimburse the U.S. Government for any benefit payment directly deposited into your account for any reason, you agree the Credit Union may deduct the amount returned from any of your accounts, unless prohibited by law.

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