Deposit Procedures Sample Clauses

Deposit Procedures. You agree that, as your agent, we may open one or more Sub-Deposit Accounts on your behalf at one or more of the Program Banks on the then current Bank List. If we open both an MMDA and a TA at a Program Bank, all deposits will be made into your MMDA and/or TA, subject to six (6) monthly withdrawal limits applicable to MMDA. You agree that, as your agent, we may place your funds at one or more Program Banks without limit and without regard to the Deposit Limit. You agree that we will place your funds based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks on Sub-Deposit Accounts or fees paid to us. Please see the section titled “Waiver of Conflicts” for additional information. You understand and agree that deposit amounts in excess of the Deposit Limit at a Priority Bank and deposit amounts at an Excess Bank will not be insured by the FDIC. Periodically, your previously deposited funds may be reallocated among the Program Banks on a revised Bank List based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks to us. You understand and agree that it is your obligation to monitor your funds deposited at all Program Banks. You may email Service Provider at any time at xxxxxxx@xxxxxx.xxxxx determine your Sub-Deposit Account balances at each Program Bank.
Sample 1
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Deposit Procedures. From up to five business days from when free credit balances in your Account are available for deposit, Robinhood, as your agent, will open either two TAs or an MMDA and a linked TA on your behalf at one or more of the Program Banks on the then-current Priority List in the order set forth in your Deposit Sequence. Once your funds in the Deposit Accounts at a Program Bank reach the Applicable Deposit Limit, Robinhood, as your agent, will open either two TAs or an MMDA and TA for you at the next Program Bank on the Priority List and place your additional funds in that Program Bank. In the event that you have deposits equal to the Applicable Deposit Limit in the Deposit Accounts at each of the available Program Banks on the Priority List, excess funds will be swept into an Excess Bank that will accept your funds without limit and without regard to the Maximum FDIC Insurance Amount (currently $250,000). An Excess Bank may be a Program Bank on the Priority List that has received funds up to the Applicable Deposit Limit, or a Program Bank that acts solely as an Excess Bank. If the Excess Bank is not a Program Bank on the Priority List, the excess funds deposited to the Excess Bank may be eligible for insurance coverage depending on the amount of excess funds deposited with the Excess Bank together with any other funds you have deposited with the Excess Bank in the same insurable capacity. It is your obligation to monitor your funds deposited at each Program Bank (including any Excess Bank), whether funds are deposited through Robinhood or directly with the applicable bank, to determine whether your balances are at or near the Maximum FDIC Insurance Amount. You may at any time request to withdraw funds from the Program Banks, including the Excess Bank, and place them elsewhere, as explained below. If Robinhood has opened an MMDA at a Program Bank on your behalf, Robinhood, as your agent, will deposit available free credit balances from your Account into your MMDA at each such Program Bank as set forth above (up to five business days from when free credit balances in your Account are available for deposit). As necessary to satisfy withdrawals, funds will be transferred from your MMDA to the related TA at each such Program Bank and withdrawals will be made from the TA. The applicable Program Bank and Robinhood in their discretion may determine a minimum, or "threshold", amount to be maintained in your TA to satisfy debits in your Account. Federal banking regulation...
Sample 1
Deposit Procedures. All deposits to the CCF Fund made by any of the Companies shall be made to the Accounting Department and posted to the balance account of the depositing Companies be made to be made to
Sample 1
Deposit Procedures. 3.1 Within thirty (30) days of the effective date of this Agreement, Depositor agrees to deposit with Tower 48, the deposit materials as set forth under the Product Agreement. Depositor also agrees to deposit with Tower 48 the necessary documentation, other software, and/or source code, if applicable, for each Update or Replacement of the Deposit Materials contemporaneously with its release, distribution, or other publication by Depositor in the ordinary course of business via Tower 48’s web interface at xxx.Xxxxx00.xxx, thereby providing a description of the Deposit Materials. Without limiting the foregoing, Deposit Materials may not be encrypted, unless done so in accordance with this section and the written agreement of all parties to this agreement. Tower 48 retains all right, title to, and ownership of the media upon which the Deposit is stored upon uploading the Deposit Materials via Tower 48’s web interface. Notwithstanding any other provision of this Agreement, Tower 48 shall have no obligation to return to Depositor any Deposit Materials.
Sample 1
Deposit Procedures. Merchant shall transmit all of its Sales Drafts and Credit Slips exclusively to the Processor designated by Bank from time to time. Sales Drafts and Credit Slips may be electronically transmitted to the Processor through ARU Transmissions or EDC Transmissions only if the form and content thereof has been approved in advance by Bank and is in accordance with the requirements of the Operating Regulations, and only if Merchant continues to prepare and maintain signed Paper Sales Drafts and Paper Credit Slips (or, in the case of EDC Transmissions, EDC Documentation) reflecting the transactions. Bank has made arrangements whereby certain entities (hereinafter "Carriers") will make available to Merchant certain facilities and services (hereinafter the "EDC Services") which assist the Merchant in preparing and transmitting EDC Transmissions to Bank's Processor. Although the Bank does not directly provide the EDC Services, it desires to assist the Merchant in obtaining such Services from the Carriers. Bank agrees to use its best efforts to provide to Merchant reasonable support and assistance in the programming and utilization of any terminals, or equipment owned or used by Merchant to access the EDC Services. Bank agrees that, under the terms and conditions set forth herein, its designated Processor will receive Sales Drafts and Credit Slips in paper format, if they are prepared and transmitted in accordance with the terms and requirements of this Agreement and the Operating Regulations. Bank also agrees that, under the terms and conditions set forth herein, its designated Processor will receive Sales Drafts and Credit Slips in the form of data transmissions through ARU Transmissions or in the form of EDC Transmissions from Merchant, provided that: (i) such data transmissions and EDC Transmissions are properly transmitted to the Processor through one of the Carriers or through any other electronic transmission service or provider that Merchant elects to use and that is approved in advanced by Bank, such approval not to be unreasonably withheld; (ii) the format and content thereof is consistent with the requirements of the Operating Regulations and is satisfactory to Bank and its Processor; and (iii) Merchant prepares and maintains (in form and content approved by Bank and consistent with the requirements of the Operating Regulations) Paper Sales Drafts and Paper Credit Slips (or in the case of EDC Transmissions, EDC Documentation) reflecting the relevant Card tra...
Sample 1
Deposit Procedures. In order to receive the SmartPay Module, Customer must execute the SmartPay Disbursement Instructions. Bank will disburse funds to Customer in accordance with the information that Customer provides Transact within the SmartPay Disbursement Instructions to be completed by Customer. Customer may change the SmartPay Disbursement Instructions from time to time; provided, however, SmartPay Disbursement Instructions may only be changed by prior written instructions signed by Customer and delivered to Transact with sufficient time to act on the instructions. It is the sole responsibility of Customer to notify Transact of any guidelines or deadlines that may be required by Customer’s bank or any other financial institution involved in the ACH transactions. Bank will handle all ACH files in accordance with any such guidelines and meet any applicable deadlines for such ACH transactions, as instructed by Customer.
Sample 1
Deposit Procedures. At or prior to the Effective Time, Ringer shall deposit or shall cause, the Merger Consideration and any dividends or distributions relating to the Ringer Common Stock constituting a part of such Merger Consideration to be deposited with First Trust, National Association, or such other bank or trust company as may be designated by Ringer and acceptable to SRI's management (the "PAYING AGENT"), for the benefit of the Holders and Ringer to be distributed pursuant to the terms of this Agreement and the Paying Agent Agreement (as defined in Section 12.03). 2.03
Sample 1
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Deposit Procedures. In order to receive the Payment Processing Services, Customer must execute the Disbursement Instructions form. Bank shall disburse funds to Customer in accordance with the information that Customer provides Transact within the Disbursement Instructions. Customer may change the Disbursement Instructions from time to time; provided, however, Disbursement Instructions may only be changed by prior written instructions signed by Customer and delivered to Transact with sufficient time to act on the instructions. It is the sole responsibility of Customer to notify Transact of any guidelines or deadlines that may be required by Customer’s bank or any other financial institution involved in the ACH transactions. Bank will handle all ACH files in accordance with any such guidelines and meet any applicable deadlines for such ACH transactions, as instructed by Customer.
Sample 1
Deposit Procedures. By enrolling in the ESDA Program, I consent to having the uninvested cash balances in my Securities brokerage account each day automatically deposited into accounts at the Program Banks. The timing of the deposits will occur as follows: • Any cash that is posted and cleared before 11:30 a.m. ET will be transferred via an intraday sweep on the same business day. • Any cash that is posted and cleared after 11:30 a.m. ET will be transferred via an overnight sweep. • Transfers between ESDA Program accounts and subaccounts and my Securities brokerage account are described below under “Withdrawal Procedures.” • The timing of these sweeps is subject to change at Securities’ discretion with no further notice. There is no minimum amount required as an initial deposit or for subsequent deposits, although individual Program Banks may establish minimum amounts for deposits to be swept to the specific institution. Until my funds are received in appropriate form and processed by the Program Banks, I understand that my funds may not be FDIC insured. For example, after my excess funds are swept out of my brokerage account carried at Securities, my funds may be held at an intermediary bank intraday, overnight, or over the weekend to the next bank business day or longer before being actually received by the Program Banks. During any such period before my investable funds are received by the Program Banks, any amount of my funds held by the intermediary bank in excess of the standard maximum deposit insurance amount (“SMDIA”) for an FDIC-recognized category of account ownership (currently, $250,000) will not be covered by FDIC insurance. However, the ESDA Program is designed such that it undertakes to have funds deposited at the Program Banks on the same business day that they are transferred to the intermediary bank. I understand that I will be able to access ESDA Program funds only through my relationship with Securities.
Sample 1

Related to Deposit Procedures

  • Disbursement Procedures The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement.

  • Settlement Procedures (a) The collection of the Pool Receivables shall be administered by the Servicer in accordance with this Agreement. The Seller shall provide to the Servicer on a timely basis all information needed for such administration, including notice of the occurrence of any Termination Day and current computations of the Purchased Interest.

  • Payment Procedures Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certification duly executed, accompanied by payment of the aggregate Purchase Price for the total number of one one-hundredths of a Preferred Share to be purchased and an amount equal to any applicable transfer tax required to be paid by the holder of such Right Certificate in accordance with Section 9, in cash or by certified or cashier's check or money order payable to the order of the Company, the Rights Agent shall thereupon promptly (i)(A) requisition from any transfer agent of the Preferred Shares (or make available, if the Rights Agent is the transfer agent) certificates for the number of Preferred Shares to be purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of Preferred Shares issuable upon exercise of the Rights hereunder with a depository agent, requisition from the depositary agent depositary receipts representing interests in such number of one one-hundredths of a Preferred Share as are to be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the depositary agent to comply with all such requests, (ii) when appropriate, requisition from the Company the amount of cash to be paid in lieu of the issuance of fractional shares in accordance with Section 14 or otherwise in accordance with Section 11.1.3, (iii) promptly after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and (iv) when appropriate, after receipt, promptly deliver such cash to or upon the order of the registered holder of such Right Certificate. In the event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11.1.3, the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate.

  • Amendment Procedures Amendments to this Agreement may be proposed only by the General Partner. To the fullest extent permitted by law, the General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so free of any duty or obligation whatsoever to the Partnership, any Limited Partner or any other Person bound by this Agreement, and, in declining to propose or approve an amendment to this Agreement, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity, and the General Partner in determining whether to propose or approve any amendment to this Agreement shall be permitted to do so in its sole and absolute discretion. An amendment to this Agreement shall be effective upon its approval by the General Partner and, except as otherwise provided by Section 13.1 or Section 13.3, the holders of a Unit Majority, unless a greater or different percentage of Outstanding Units is required under this Agreement. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The General Partner shall notify all Record Holders upon final adoption of any amendments. The General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has posted or made accessible such amendment through the Partnership’s or the Commission’s website.

  • Procurement procedures 11.1 The Recipient must secure the best value for money and shall act in a fair, open and non-discriminatory manner in all purchases of goods and services.

  • COMPLAINT PROCEDURES CONTRACTOR shall maintain and adhere to its written procedures for responding to parent complaints. These procedures shall include annually notifying and providing parents of LEA pupils with appropriate information (including complaint forms) for the following: (1) Uniform Complaint Procedures pursuant to Title 5 of the California Code of Regulations section 4600 et seq.; (2) Nondiscrimination policy pursuant to Title 5 of the California Code of Regulations section 4960 (a); (3) Sexual Harassment Policy, California Education Code 231.5 (a) (b) (c); (4) Title IX Pupil Grievance Procedure, Title IX 106.8 (a) (d) and 106.9 (a); and (5) Notice of Privacy Practices in compliance with Health Insurance Portability and Accountability Act (HIPPA). CONTRACTOR shall include verification of these procedures to the LEA.

  • AML/KYC Procedures “AML/KYC Procedures” means the customer due diligence (CDD) procedures of a Reporting Financial Institution pursuant to the anti-money laundering or similar requirements of the jurisdiction concerned to which such Reporting Financial Institution is subject.

  • Notification Procedures To address non-compliance, the receiving Competent Authority would notify the providing Competent Authority pursuant to Article 5 of the IGA. The notification procedures would differ depending upon whether the receiving Competent Authority seeks to address administrative or other minor errors or significant non-compliance.

  • New Procedures New procedures as to who shall provide certain of these services in Section 1 may be established in writing from time to time by agreement between the Fund and the Transfer Agent. The Transfer Agent may at times perform only a portion of these services and the Fund or its agent may perform these services on the Fund's behalf;

  • Loan Procedures  (a) Loans will be provided under the default loan procedures set forth in Section 13 of the Plan, unless modified under this Appendix B.  (b) Loans will be provided under a separate written loan policy. [If this subsection (b) is checked, do not complete the rest of this Appendix B.]

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