Holding of Funds. All funds received by the Rights Agent under this Agreement that are to be distributed or applied by the Rights Agent in the performance of services hereunder (the “Funds”) shall be held by the Rights Agent as agent for Parent and deposited in one or more bank accounts to be maintained by the Rights Agent in its name as agent for Parent. Until paid pursuant to the terms of this Agreement, the Rights Agent will hold the Funds through such accounts in: deposit accounts of commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P (LT Local Issuer Credit Rating), Xxxxx’x (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported by Bloomberg Finance L.P.). The Rights Agent shall have no responsibility or liability for any diminution of the Funds that may result from any deposit made by the Rights Agent in accordance with this paragraph, including any losses resulting from a default by any bank, financial institution or other third party; provided that in the event the Funds are diminished below the level required for the Rights Agent to make cash payments as required under this Agreement, including any such diminishment as a result of investment losses, Parent shall promptly pay additional cash to the Rights Agent in an amount equal to the deficiency in the amount required to make such payments. The Rights Agent may from time to time receive interest, dividends or other earnings in connection with such deposits. The Rights Agent shall not be obligated to pay such interest, dividends or earnings to Parent, any Holder or any other Person, unless there is a diminution of the Funds due to a deposit or investment made by the Rights Agent, in which case, the Rights Agent agrees that such interest, dividends or earnings shall accrue to the benefit of Parent to the extent of such diminution of the Funds.
Holding of Funds. The standard hold time of Merchant’s funds for settlement of Debit transactions and origination of Credit transactions is four (4) Business Banking Days. Merchant may request a reduction of hold time on Debit and/or Credit Entries by submitting the applicable form provided by FORTE and supporting documents. FORTE may require separate security safeguards from Merchant to support such a reduction but is under no obligation to grant Merchant’s request.
Holding of Funds. There may be a period of 30 days (your branch may decide on a different length of time) after the first transaction on your new account where each non-cash deposit (excluding direct deposits) to your account will be subject to a hold. During this period, we will place a hold on cheques as set out below and place a hold on all other non-cash deposits for a maximum of 7 business days. The following applies to all accounts (including new accounts as described above): • When you deposit a fully encoded Canadian dollar or US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” for a maximum of 7 business days, before you are able to withdraw the funds. • When you deposit an unencoded or partially encoded Canadian dollar and US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” for a maximum of 15 calendar days, before you are able to access the funds. • When you deposit a cheque drawn on a financial institution’s branch located outside of Canada, or a fully encoded cheque in a currency other than Canadian dollars or US dollars drawn on a financial institution’s branch located in Canada we may apply a “hold” for a maximum of 30 calendar days, before you are able to access the funds. • A hold provides no guarantee that a cheque or other non-cash deposit will not be returned unpaid after the hold period has expired. If a cheque or other non-cash deposit is returned to us unpaid for any reason at any time, either during or after the expiry of the applicable hold period, we have the right to charge the amount of the cheque or non-cash deposit to your account.
Holding of Funds. All funds collected hereunder shall be held and expended for the purposes designated herein, and (except for such special assessments as may be levied hereunder against less than all the Unit Owners and for such adjustments as may be required to reflect delinquent or prepaid assessments) shall be deemed to be held for the benefit, use and account of all the Unit Owners.
Holding of Funds. Any Encumbrance Holder with respect to Lessee's entire leasehold interest in this Lease or all of the ownership interests in Lessee that is an Institutional Lender shall have the right to hold and control the disbursement of (i) any insurance or condemnation proceeds to which Lessee is entitled under this Lease and that are required by the terms of this Lease to be applied to restoration of the Improvements on the Premises (provided that such funds shall be used for such restoration in accordance with the requirements of the Lease), and (ii) any funds required to be held in the Subsequent Renovation Fund and Capital Improvement Fund (provided that such funds shall be used for the purposes required by this Lease). If more than one such Encumbrance Holder desires to exercise the foregoing right, the most senior Encumbrance Holder shall have priority in the exercise of such right.
Holding of Funds. The Escrow Agent shall hold the Deposit and the Holdback Amount in interest-bearing accounts and shall pay the Deposit and the Holdback Amount to the parties entitled thereto in accordance with the terms of this Agreement. Interest earned on the Deposit shall be earned for the account of the Purchaser and interest earned on the Holdback Amount shall be earned for the account of the Sellers.
Holding of Funds. Servus Credit Union may hold funds arising from non-cash deposits to Accounts. Servus Credit Union will make the first $100 of all funds deposited by a cheque available for withdrawal:
Holding of Funds. Unless herein otherwise expressly provided, any money held by the Subscription Receipt Agent pending the application or withdrawal thereof under any provision of this Indenture shall be held in a segregated Canadian dollar account in any Canadian chartered bank or any other loan or trust company authorized to accept deposits under the laws of Canada or a province thereof, earning the prescribed rate of interest then in effect on similar deposits.
Holding of Funds. All funds received by Computershare under this Agreement that are to be distributed or applied by Computershare in the performance of services hereunder (the “Funds”) shall be held by Computershare as agent for Purchaser and deposited in one or more bank accounts to be maintained by Computershare in its name as agent for Purchaser. Until paid pursuant to the terms of this Agreement, Computershare will hold the Funds through such accounts in: deposit accounts of commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P (LT Local Issuer Credit Rating), Xxxxx’x (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported by Bloomberg Finance L.P.). The Rights Agent shall have no responsibility or liability for any diminution of the Funds that may result from any deposit made by Computershare in accordance with this paragraph, including any losses resulting from a default by any bank, financial institution or other third party; provided, that in the event the Funds are diminished below the level required for the Rights Agent to make cash payments as required under this Agreement, including any such diminishment as a result of investment losses, Purchaser shall immediately pay additional cash to Computershare in an amount equal to the deficiency in the amount required to make such payments. Computershare may from time to time receive interest, dividends or other earnings in connection with such deposits. The Rights Agent shall not be obligated to pay such interest, dividends or earnings to Purchaser, any Holder or any other Person.
Holding of Funds. We may hold funds you deposit by cheque, or other non-cash deposits (money orders or drafts), for the time periods set out below prior to making them available to you for withdrawal. For deposits of encoded Canadian dollar cheques, money orders and drafts for amounts $1,500 or less, we may apply a hold for up to four (4) business days after the day of the deposit if it is deposited in person with an employee at a branch. We may apply a hold for up to five (5) business days after the day of the deposit if it is deposited through any other manner, including an automated teller machine (ATM). Despite the above hold periods, during the first ninety (90) calendar days after you open your Account we may apply a hold for up to seven (7) business days after the day of the deposit. For deposits of encoded Canadian dollar cheques, money orders and drafts for amounts greater than $1,500, we may apply a hold for up to seven (7) business days after the day of the deposit if it is deposited in person with an employee at a branch. We may apply a hold for up to eight (8) business days after the day of the deposit if deposited through any other manner, including an ATM. When you deposit a fully encoded U.S. dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a hold for a maximum of seven (7) business days, before you are able to access the funds. When you deposit an un-encoded or partially encoded Canadian dollar or U.S. dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a hold for a maximum of fifteen (15) business days, before you are able to access the funds. When you deposit a cheque drawn on a financial institution’s branch located outside of Canada, or a fully encoded cheque in a currency other than Canadian dollars or U.S. dollars drawn on a financial institution’s branch located in Canada, we may apply a hold for a maximum of thirty (30) business days, before you are able to access the funds. A hold provides no guarantee that a cheque or other non-cash deposit will not be returned unpaid after the hold period has expired. If a cheque or other non-cash deposit is returned to us unpaid for any reason at any time, either during or after the expiry of the applicable hold period, we have the right to charge the amount of the cheque or non-cash deposit to your Account.
