Enterprise Bank Accounts Sample Clauses

Enterprise Bank Accounts. The Business Board shall select, and the Tribal Council shall approve, a bank or banks for the deposit and maintenance of funds and shall establish in such bank or bank accounts as MPM deems appropriate and necessary in the course of business and as consistent with this Agreement (“Enterprise Bank Accounts”). Establishment of any Enterprise Bank Account shall be subject to the approval of the Tribal Council. The sum of money agreed to by the Business Board to be maintained in the Enterprise Bank Account(s) to serve as operating capital for Enterprise operations, shall include all sums needed for the House Bank, and all sums needed to accrue for payment of expenses not paid on a monthly basis (the “Minimum Balance”).
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Enterprise Bank Accounts. Management Firm shall recommend, and Licensee shall approve (with such approval not to be unreasonably withheld, conditioned or delayed), a bank or banks for the deposit and maintenance of funds from the operation of the Enterprise, and Licensee shall use reasonable efforts to establish Enterprise Bank Accounts in such bank(s), for the benefit of Licensee and in the Enterprise’s name, for the management and operation of the Enterprise in the course of business and as consistent with this Agreement. The Enterprise Bank Accounts shall include, but are not limited to, a Depository Account and a Disbursement Account, as described below.
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Enterprise Bank Accounts. The Operations Board shall select and approve a bank or banks for the deposit and maintenance of funds and shall establish in such bank or banks accounts as Manager deems appropriate and necessary in the course of business and as consistent with this Agreement (“Enterprise Bank Accounts”). Establishment of any Enterprise Bank Accounts shall be subject to the approval of the Operations Board. The sum of money agreed to by the Operations Board to be maintained in the Enterprise Bank Account(s) to serve as working capital for Enterprise operations shall include all sums needed for the House Bank and all sums needed to accrue for payment of expenses not paid on a monthly basis (the “Minimum Balance”). The Authority will execute Irrevocable Banking Instructions with regard to each Enterprise Bank Account to be in effect during the Term of this Agreement in form and substance satisfactory to the Authority, the Operations Board and the Manager.
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Enterprise Bank Accounts. Manager and Owner shall agree upon a federally-insured financial institution in which Enterprise funds shall be deposited and maintained. A general operating checking account which bears interest at a reasonable commercial rate will be established for the purpose of paying day-to-day operating expenses. A separate payroll accounting system, such as a bank-administered payroll system, shall be utilized, and routine transfers of funds from the Enterprise's general account shall be made to payroll sufficient for Manager to pay all employees of the operation. Each month, from the general account, all direct and indirect costs of the operation shall be paid, and the balance each month shall be divided and distributed as provided in Article VI, Paragraph C. All checks drawn upon the account in excess of Twenty-Five Thousand ($25,000) Dollars shall require the signatures of a duly authorized representative of Manager and a duly authorized representative of Owner; provided, however, that checks for prizes will not require the signature of Owner's representative. Manager shall provide Owner with a monthly financial statement of all transactions affecting the general account. Upon agreement of Manager and Owner, cash in excess of that reasonably necessary to meet operating expenses and payroll between monthly distributions of profits may be invested and kept in interest-bearing accounts at one or more financial institutions insured by any agency of the federal government. All interest earned on Enterprise funds shall be included in the revenues of the Enterprise.
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Enterprise Bank Accounts. The Company shall select a bank or banks for the deposit and maintenance of Enterprise funds and shall establish therein the accounts described in this Section 3.10 and such other accounts as the Manager may deem necessary and appropriate for the business of the Enterprise (the “Enterprise Bank Accounts”). All Enterprise Bank Accounts shall be accounts of the Enterprise opened in the name of the Enterprise. All disbursements from Enterprise Bank Accounts must be made by check or wire transfer drawn against an Enterprise Bank Account.
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Enterprise Bank Accounts. 3.18.2 Daily Deposits to Depository Account. 3.18.3 Disbursement Account. 3.18.4 Transfers Between Accounts. 3.19
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Enterprise Bank Accounts. The Authority shall select a bank or banks for the deposit and maintenance of funds and shall establish in such bank or banks accounts as Manager deems appropriate and necessary in the course of business and as consistent with this Agreement ("Enterprise Bank Accounts"). Establishment of any Enterprise Bank Account shall be subject to the approval of the Authority, and shall be consistent with the terms of the Loan Agreement. The sum of money agreed to by the Authority to be maintained in the Enterprise Bank Account(s) to serve as working capital for Enterprise operations, shall include all sums needed for the House Bank, and all sums needed to accrue for payment of expenses not paid on a monthly basis (the "Minimum Balance"). Manager will maintain funds in the Enterprise Bank Accounts equal to the Minimum Balance, and Manager may increase the Minimum Balance, in Manager's sole discretion, at any time during the first year following the Commencement Date to reflect unanticipated working capital needs revealed by actual Enterprise operations. Attached hereto as Exhibit C is the form of Irrevocable Banking Instructions to be executed by the Authority with regard to each Enterprise Bank Account and to be in effect during the Term of this Agreement.
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Enterprise Bank Accounts. 23 3.17.2 Daily Deposits to Depository Account................................................. 24 3.17.3
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Enterprise Bank Accounts. The Enterprise shall select a bank or banks for the deposit and maintenance of funds and shall establish in such bank or banks accounts as Manager deems appropriate and necessary in the course of business and as consistent with this Agreement, including, but not limited to, a Depository Account, Disbursement Account, a Working Capital Account and a Capital Replacement Reserve Account ("Enterprise Bank Accounts"). Establishment of any Enterprise Bank Account shall be subject to the approval of the Enterprise. The sum of money agreed upon by the Manager and the Enterprise to be maintained in the Working Capital Account to serve as working capital for Facility operations, shall include all sums needed for the House Bank, all sums needed to accrue Exhibit 10.10 for payment of expenses not paid on a monthly basis, and all sums needed to be reserved taking into account anticipated cash flow and Operating Expenses of the Facility based upon, among other things, seasonality (the "Minimum Balance"). The Manager may increase the Minimum Balance, in Manager's sole discretion, at any time during the first year following the Commencement Date to reflect unanticipated working capital needs revealed by actual Facility operations, and during the first and subsequent years to account for the seasonality of business operations. Attached hereto as Exhibit E is the form of Irrevocable Banking Instructions to be executed by the Enterprise with regard to each Enterprise Bank Account and to be in effect during the Term of this Agreement, other than with respect to the accounts maintained by the Enterprise with the "Collection Bank" and the "Depository Bank" pursuant to the Transfer and Deposit Agreement. Prior to the Commencement Date, the Enterprise shall transfer to the Working Capital Account an amount equal to the initial Minimum Balance. In the event the revenue of the Facility is insufficient at any time to maintain the Minimum Balance after the payment of Operating Expenses, the Enterprise shall transfer to the Working Capital Account funds in an amount equal to the difference between the Minimum Balance and the cash balance of the Working Capital Account prior to such transfer. The parties agree that so long as the Transfer and Deposit Agreement shall be in effect, the "Accounts" specified therein shall constitute the Disbursement Account of the Enterprise.
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Related to Enterprise Bank Accounts

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Location of Bank Accounts Schedule 6.01(v) sets forth a complete and accurate list as of the Effective Date of all deposit, checking and other bank accounts, all securities and other accounts maintained with any broker dealer and all other similar accounts maintained by each Loan Party, together with a description thereof (i.e., the bank or broker dealer at which such deposit or other account is maintained and the account number and the purpose thereof).

  • Deposits to the Bank Account 3.1 The Selling Agents shall promptly deliver to the Escrow Agent all monies which they receive from prospective purchasers of the Securities, which monies shall be in the form of checks or wire transfers. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “HIGHTIMES HOLDING CORP.’s. Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the applicable Selling Agent (together with any Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

  • Establishment of the Bank Account 2.1 The Escrow Agent shall establish a non-interest bearing bank account at a branch of XX Xxxxxx Chase selected by the Escrow Agent, and bearing the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, or wire transfers) which are received by the Underwriter from prospective purchasers of the Securities and are delivered by the Underwriter to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.

  • Establishment of Bank Accounts On or before the Closing Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of ), each in the name “ , as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “, to be designated as follows:

  • Disbursement from the Bank Account 4.1 Subject to 4.3 below, if by the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount or the Minimum Securities Amount, as indicated by the Subscription Information submitted to the Escrow Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow Agent shall promptly notify the Issuer of its distribution of the Fund.

  • Bank Accounts; Investments Capital Contributions, revenues and any other Company funds shall, as directed by Preferred, be deposited by the Company in trading accounts (whether “regulated” or “unregulated”) established in the name of the Company. As provided by Rule 4.20(c) of the Commodity Futures Trading Commission (the “CFTC”), no other funds shall be deposited into the Company’s trading accounts or commingled with Company investments. Funds deposited in the Company’s trading accounts may be withdrawn only to be invested in furtherance of the Company’s purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

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