Designated Bank Account. 5.1 The Operator shall open and maintain a Designated Bank Account and keep separate the Grant from other monies belonging to the Operator. The Operator shall ensure that the Grant is paid into and kept in the Designated Bank Account, and ensure that all receipts into and payments out of the Grant are properly and timely recorded. The Operator shall keep all unspent balance of the Grant at all times in the Designated Bank Account.
Appears in 4 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
