Funds on Deposit Sample Clauses

Funds on Deposit. In all circumstances when Maker has funds available on deposit in the Escrow Account (as defined in the Deposit and Escrow Agreement as defined below) maintained pursuant to that certain Deposit and Escrow Agreement (the "Deposit and Escrow Agreement") dated as of the date hereof among Maker, Payee, and Payee in Payee's capacity as Escrow Agent ("Escrow Agent"), Maker agrees and acknowledges that Payee shall have the right pursuant to Section 2(a) of the Deposit and Escrow Agreement to instruct Escrow Agent to release funds from the Escrow Account to make payments required under this Note.

Funds on Deposit. Company agrees to maintain sufficient funds on deposit in Company's demand deposit account at Company's bank to pay in full the total amounts debited to Company's account pursuant to this Agreement.

Funds on Deposit. In the event that the financial guarantee is in the form of cash, certified check, irrevocable letter of credit, or other arrangement making the financial guarantee immediately accessible to the City, the City may immediately draw on a letter of credit, cash, a certified check, or demand payment by a surety. It may then deposit the financial guarantee in its general account. The City may then proceed to complete the Work, reimburse itself for the cost of completion as defined hereunder, and return the balance to the Subdivider.

Funds on Deposit. Upon an Event of Default, the Collateral Agent may direct that all funds received in the Cash Collateral Accounts shall be transferred to the Administrative Agent for application to the Loans. So long as no Default or Event of Default has occurred and is continuing, funds on deposit in the REIT Cash Collateral Account shall be released to the extent it is established, pursuant to procedures substantially similar to those set forth in Section 9.06, that the Residual Value equals or exceeds 125% of the Combined REIT Debt.

Funds on Deposit. Customer agrees to place on deposit an amount equal ---------------- to $500,000 to secure future production. This $500,000 will not be used by Flextronics for any purpose other than: (1) to cover any delay in payment from agreed to schedules, or (2) cover outstanding exposure in the event of cancellation of production. If either party terminates this contract "for any reason" as set forth in section 8.2 (a) Termination, the $500,000 shall be returned to Customer after deduction of outstanding invoices, fees, or other costs associated with this contract. Flextronics will, in good faith, review Customer's creditworthiness periodically and may provide more favorable terms once it feels it is prudent to do so. Customer agrees to provide all necessary financial information required for Flextronics to make a proper assessment of creditworthiness. Flextronics further acknowledges the receipt of $200,000 from Customer which shall be applied solely to cover the cost of inventory required to manufacture the first 1000 ports of the INI assembly.