Fiscal Deposits Sample Clauses

Fiscal Deposits. The premise considers that, from the second semester of 2009, the LICENSEE shall administer and exploit the 100% of the fiscal deposit activity that is currently carried out by Edcadassa. The income from the business, which is assumed to increase to an annual rate of 5%, has been exposed as commercial income from that date on. “2007 – Year Dedicated to Road Safety”
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Fiscal Deposits. CCLC may, from time to time, upon specific written notice to the City in the form attached hereto as Exhibit "Q" ("Fiscal Notice"), designate a portion of the then remaining Credit Banks as a fiscal deposit required by the Modified Current Requirements related to the development of any portion of the Land ("Credit Bank Fiscal Deposit"). Such Credit Bank Fiscal Deposit will serve as the fiscal deposit which would otherwise be required by the Modified Current Requirements. Fiscal deposits required by the City of Austin Water and Wastewater Utility Department must be allocated from the available balance of the W/WW Utility Credit Bank and all other fiscal deposit requirements of the City (including those of Austin Energy, if any) must be allocated from the available balance of the Development Credit Bank. A Credit Bank Fiscal Deposit is limited to the amount then remaining in either the W/WW Utility Credit Bank or Development Credit Bank, as applicable, for use by CCLC. During the time a Credit Bank Fiscal Deposit is designated by a Fiscal Notice to satisfy a fiscal posting requirement under the Modified Current Requirements, the amount of such Credit Bank Fiscal Deposit will be unavailable under the W/WW Utility Credit Bank or Development Credit Bank, as applicable, for other W/WW Utility Credit Bank Uses or Development Credit Bank Uses, as applicable, until such time as the City releases the Credit Bank Fiscal Deposit in accordance with the Modified Current Requirements that would otherwise be applicable to a posting of fiscal security. When a Credit Bank Fiscal Deposit, or portion thereof, is so released by the City, the associated portion of the W/WW Utility Credit Bank or Development Credit Bank, as applicable, will again be available for all W/WW Utility Credit Bank Uses or Development Credit Bank Uses, as applicable, including a subsequent Credit Bank Fiscal Deposit.
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Related to Fiscal Deposits

  • Additional Deposits (a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables.

  • 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.

  • Cash Deposits During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust shall be liable as principal for any overdrafts occurring in any cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

  • 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).

  • Additional Deposit Unless Buyer terminates this Agreement in accordance with the terms of Section 4.2, then upon the expiration of the Due Diligence Deadline: (a) the Initial Deposit shall become non-refundable to Buyer except in the event of the Seller's breach or as otherwise expressly provided in this Agreement, and (b) within two (2) Business Days after the expiration of the Due Diligence Deadline, Buyer shall deposit the Additional Deposit with Escrow Holder by wire transfer of immediately available funds and the Additional Deposit shall be non-refundable to Buyer except in the event of Seller's breach or as otherwise expressly provided in this Agreement. The Initial Deposit and, when made, the Additional Deposit, and, if made, the Extension Deposit, are collectively referred to herein as the "Deposit" and shall include all interest which accrues thereon while held by Escrow Holder. Upon the Closing, the Deposit shall be credited to the Purchase Price. Unless Buyer terminates this Agreement in accordance with the terms of Section 4.2, then upon the expiration of the Due Diligence Deadline if Buyer thereafter fails to deliver the Additional Deposit into the Escrow Account strictly as and when contemplated herein or if Buyer fails to deliver the “Additional Deposit” into Escrow as defined in and set forth in the Parallel Agreement, such failure shall constitute a material breach of this Agreement by Buyer and Seller shall have the right, by delivering written notice to Escrow Holder and Buyer within five (5) days after such failure, to terminate this Agreement and receive and retain the Initial Deposit as liquidated damages pursuant to Section 5.1 below, and thereafter neither party shall have any further rights or obligations hereunder except for the Surviving Obligations.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

  • Principal Depository Borrower shall maintain its principal depository and operating accounts with Bank.

  • Bank as Principal Depository To maintain the Bank or one of its affiliates as its principal depository bank, including for the maintenance of business, cash management, operating and administrative deposit accounts.

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