Maintenance of Funds. Federal, state, and local funds shall be maintained by the School according to existing federal and state mandates and practices including, without limitation, any FEFP Guidelines pursuant to Section1011.62, Florida Statutes. Separate funds and bank accounts shall be maintained where required for federal funds and state and local funds.
Maintenance of Funds. Borrower will maintain sufficient funds in the Account on the dates Bank enters debits authorized by this Agreement. If there are insufficient funds in the Account on the date Bank enters any debit authorized by this Agreement, the debit will be reversed.
Maintenance of Funds. The Sub Agent undertakes to hold all funds received on behalf of the Underwriting Agent in a separate designated Clients account or in a separate designated Insurers account, which shall be either a statutory trust account or a non-statutory trust account, operated in accordance with the FCA Client Assets Sourcebook (CASS) rules. The Sub Agent will supply to the Underwriting Agent on request a copy of the trust deed constituting the trust and thereafter copies of any amendments to such document as well as copies of all audits and accounts produced in relation to the trust. These funds may not be used by the Sub Agent for any purpose other than for the purpose of settling accounts with the Underwriting Agent (or other insurers with whom the Sub Agent does business) or premium refunds or claims to clients or any other transactions where expressly authorised by the Underwriting Agent. For the avoidance of doubt, and without prejudice to the generality of the foregoing, the Sub Agent may not invest these monies in any way without the prior written consent of the Underwriting Agent and the assets held in the above mentioned account may not be co-mingled with assets in respect of the Sub Agent’s general or operating account. Subject to adherence to these requirements, any interest earned on such monies held by the Sub Agent shall accrue to the Sub Agent.
Maintenance of Funds. County must maintain the funds in the segregated account until spent for any authorized purposes described in the Agreement.
Maintenance of Funds. Maintain the Funds in the form of Cash and Cash Equivalents, subject to the prior written consent of Lender.
Maintenance of Funds. 31 (h) Increased Costs; Capital Adequacy; Taxes..................................31 (i) Illegality................................................................32 (j) Effective Rate............................................................33 2.4 Payments...........................................................................33 (a)
Maintenance of Funds. Notwithstanding any provision of the Loan Documents to the contrary, each Bank is entitled to fund and maintain its funding of all or any part of any Advance in any manner it sees fit; provided, however, that for the purposes of this Agreement, except as otherwise provided in Section 2.5, all determinations hereunder will be made as if such Bank had actually funded and maintained each Fixed Rate Advance during the Interest Period therefor through the purchase of deposits having a maturity corresponding to the last day of the Interest Period and bearing an interest rate equal to the Fixed Rate for such Interest Period.
Maintenance of Funds. From the date of Closing, Xxxxxx Xxxxx shall maintain in an account at a financial institution located in, and organized under the laws of, the United States or any State thereof cash or fully liquid cash equivalents having a market value at all times equal to or greater than the Seller Indemnification Cap until the later of (a) the one-year anniversary of the Closing and (b) the date that all claims of Purchaser made pursuant to ARTICLE 11 within such one-year period have been fully and finally resolved between the parties. At the request of Purchaser from time to time during such period, Xxxxxx Xxxxx shall promptly provide documentary evidence (for example, an account statement) to the Purchaser that assets of such value are being maintained in the a U.S. account and are available as required by this Section 7.5.
Maintenance of Funds. Notwithstanding any provision of the Loan Documents to the contrary, Bank shall be entitled to fund and maintain its funding of all or any part of any Advance in any manner it sees fit, provided, however, that for the purposes of this Agreement, all determinations hereunder will be made as if Bank had actually funded and maintained each LIBOR Advance during the Interest Period therefor through the purchase of deposits having a maturity corresponding to the last day of the Interest Period and bearing an Interest Rate equal to the LIBOR Rate for such Interest Period.
Maintenance of Funds. Fiscal year-end balances in the Operation and Maintenance Account shall be carried over to the same accounts in the subsequent fiscal year, and shall be used for no other purpose than those designated for these accounts.
