Interest Bearing Account Sample Clauses

Interest Bearing Account. If the Province provides Funds before the Recipient’s immediate need for the Funds, the Recipient will place the Funds in an interest bearing account in the name of the Recipient at a Canadian financial institution.
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Interest Bearing Account. The City will deposit retainage checks in an interest-bearing account in a bank, mutual savings bank, or savings and loan association, not subject to withdrawal until after the final acceptance of the improvement or work as completed or until agreed to by both parties. Interest on the account will be paid to you.
Interest Bearing Account. If for any reason, Funds were provided to the Recipient before the Recipient’s immediate need for the Funds, the Recipient will place the Funds in an interest-bearing account solely in the name of the Recipient at a branch of a Canadian financial institution in Ontario. The Recipient will hold the Funds plus any Interest Earned in trust for the Province until the Funds are used in accordance with the Agreement.
Interest Bearing Account. To the extent practicable, the funds of the Company will be held in one or more interest-bearing accounts.
Interest Bearing Account. If the Ministry provides Funds to the Recipient prior to the Recipient’s immediate need for the Funds, the Recipient shall place the Funds in an interest bearing account, which earns interest on the entire balance of Funds in the account, in the name of the Recipient at a Canadian financial institution.
Interest Bearing Account. The Working Capital Account will be maintained in a separate interest-bearing account. The interest and account maintenance fees, will be credited/debited to the Departments as part of the annual True-up.
Interest Bearing Account. Xxxxxxx money (with a completed W-9 and other required forms), 223 224 225 226 shall be held in a federally insured interest bearing account at a financial institution designated by Escrowee. All interest earned on the xxxxxxx money shall accrue to the benefit of and be paid to Buyer. The Buyer shall be responsible for any administrative fee (not to exceed $100) charged for setting up the account. In anticipation of Closing, the Parties direct Escrowee to close the account no sooner than ten (10) Business Days prior to the anticipated Closing date.
Interest Bearing Account. If MHO provides Funds to the Service Manager before the Service Manager’s immediate need for the Funds, the Service Manager will place the Funds in an interest bearing account in the name of the Service Manager at a Canadian financial institution.
Interest Bearing Account. If Ontario provides Grant funds before the Recipient’s immedi- ate need for the Grant funds, the Recipient shall place the Grant funds in an interest bearing account in the name of the Recipient at a Canadian financial institution.
Interest Bearing Account. The CM/GC's retainage shall be held by DFCM, in an interest bearing account with said interest to accrue to the account of the CM/GC. Said interest shall be distributed by DFCM to the CM/GC upon release of retention funds.