Deposited Funds. RUS has received from the Awardee evidence, satisfactory to RUS, verifying that the Awardee has maintained on deposit in an account, funds sufficient to complete the Project as specified on Schedule 1; and
Deposited Funds. That the Awardee has maintained on deposit in the Pledged Deposit Account the matching funds requirement as well as other funds to complete the Project as specified on Schedule 1, unless expended and withdrawn as authorized by RUS;
Deposited Funds. All funds deposited with Mortgagee as required under the Credit Documents, including, without limitation, any deposits made pursuant to this Mortgage.
Deposited Funds. On and after the satisfaction of the Conditions (as defined in Section 3.7) and the reduction of all BINs to two have all occurred, CCC shall thereafter be further entitled to compensation of [****] per annum of the total amount held on deposit at Bank in non-interest earning deposit accounts of Merchants on which Humboldt is not obligated to pay interest earnings to any third party, including without limitation the Hold Account and the Merchant Reserve Accounts. It is expressly understood and agreed that funds held on ACH hold and in Certificates of Deposit are excluded from the provisions of this Section 5.3 and that no compensation shall be paid by Bank thereon.
Deposited Funds. (i) For the avoidance of doubt, (x) subject to Section 2.4, upon depositing, or causing to be deposited, the amounts required hereunder with the Paying Agent, Newco shall have discharged in full its payment obligations with respect to the Initial Preferred Stock Amount, the Initial Common Equity Consideration and any Additional Common Equity Consideration and (y) upon making any payments required to be paid pursuant to the terms hereunder with respect to Additional Preferred Stock Consideration, Newco shall have discharged in full its payment obligations with respect to any Additional Preferred Stock Consideration.
Deposited Funds. CP agrees that all funds delivered to the City pursuant to this Agreement may be commingled with other similar monies deposited from other sources funding the City's Project.
Deposited Funds. Notwithstanding anything herein to the contrary, Xxxxx may distribute, on or before the Effective Date, all cash on hand including, but not limited to, the remaining proceeds from the subscription of the Rule 419 Shareholders as it determines, in its sole discretion provided, however, there shall be at least Twenty-Five Thousand Dollars ($25,000) in the Xxxxx xxxx account listed on Schedule 2.22 on the Effective Date.
Deposited Funds. All funds deposited with Beneficiary as required under the Credit Documents, including, without limitation, any deposits made pursuant to this Deed of Trust.
Deposited Funds. All Deposited Funds at any time on deposit in the Lockbox Account shall be held by the Lockbox Bank for application strictly in accordance with the terms of this Letter Agreement. The Lockbox Bank agrees to give the Transferor, the Collection Agent and the Administrative Agent prompt notice if the Lockbox Account shall become subject to any writ, judgment, warrant of attachment, execution or similar process. Until the Administrative Agent shall give the Lockbox Bank written instructions to the contrary, the Transferor shall be entitled to request the transfer of available Deposited Funds from the Lockbox Account in accordance with the Lockbox Bank's customary procedures. Following the Lockbox Bank's receipt of such instructions from the Administrative Agent (i) the Administrative Agent shall have exclusive rights with respect to the transfer of Deposited Funds (subject to the Lock- box Bank's customary availability schedules) from the Lockbox Account, (ii) the Lockbox Bank shall comply with the Administrative Agent's instructions with respect thereto in accordance with the Lockbox Bank's customary procedures, (iii) the Lockbox Bank shall disregard any instructions of the Transferor or the Collection Agent with respect thereto and (iv) the Lockbox Bank shall furnish the Administrative Agent (with copies to the Transferor) with statements, in the form and manner typical for the Lockbox Bank, of amounts of deposits in, and amounts transferred to the Collection Account from, the Lockbox Account pursuant to any reasonable request of the Administrative Agent but in any event not less frequently than monthly and such other information relating to the Lockbox Account at such times as shall be reasonably requested by the Administrative Agent. The Lockbox Bank acknowledges that, until it receives instructions from the Administrative Agent to the contrary, the Lockbox Bank shall return to the Transferor, upon the Transferor's reasonable request therefor, any remittance advisements and payment invoices deposited into the Lockbox Account. The Administrative Agent shall send to the Transferor and the Collection Agent a copy of any written instructions given to the Lockbox Bank pursuant to the preceding paragraph, but the failure of the Administrative Agent to do so shall not affect the validity of such instructions given to the Lockbox Bank. The parties agree that the Lockbox Bank may debit the Lockbox Account for any items (including without limitation, any automated c...
Deposited Funds. The Company agrees to deposit into a separate --------------- Company bank account one hundred thousand dollars ($100,000) (the "Deposited Funds"). In the event that prior to February 20, 2002, (a) a voluntary receiver, voluntary trustee, or other voluntary custodian is applied for, consented to, or appointed for the Company or its assets, (b) an involuntary application proceeding for a receiver, trustee or other custodian for the Company is initiated by a third party, and such involuntary application proceeding is not dismissed within 60 days after the initiation thereof, (c) the Company becomes insolvent or makes an assignment for the benefit of creditors, (d) the Company is liquidated or dissolved, (e) or any proceedings are commenced by or against the Company under any bankruptcy, insolvency or debtor's relief law, (f) or the Company begins to take action to effect any of the foregoing (collectively, a "Release Condition"), Employee shall be entitled to the Deposited Funds and such Deposited Funds shall be deemed a signing bonus under the terms of this Agreement. Employee's right to the Deposited Funds and the Company's obligation to maintain such a separate Company bank account expire if a Release Condition has not occurred by February 21, 2002.
