Operations Account. (a) Payments in (i) EDC WGQ must ensure that, on each Waterfall Date, it will transfer the relevant amounts (if any) into the Operations Account (WGQ) pursuant to Clause 18.7(c)(ii).

Operations Account. SMG shall deposit any funds derived from RAP’s Greek Theatre OPEN VENUE MODEL operations to the Operations Account. CITY’s staff will transfer funds from the Operations Account to the Disbursement Account as needed to pay for Greek Theatre operational expenses. SMG shall have no disbursement authority on the Operations Account.

Operations Account. The parties agree that an operations account for the lottery will be established at a bank in Phnom Penh with the account to be registered under the name of LUCKY WIN WIN CAMBODIA, INC. (LUCKY WIN WIN). It is agreed that this the sole purpose and use of the corporate name of LUCKY WIN WIN is to provide a vehicle by which funds collected from the sale of lottery tickets can be deposited and subsequently disbursed by WIN WIN. It is agreed too that the aforementioned lottery license will remain under the control of GOLDEN WIN WIN and will not be transferred to LUCKY WIN WIN. Disbursements from this operational account will only be effected by WIN WIN after providing GOLDEN WIN WIN with a full accounting of income and expenses prior to said distribution.

Operations Account. An “Operations Account,” the funds of which shall be used to pay the expenses incidental to the operation and maintenance of the Property, as set forth in this Agreement and as further requested by the Series Entity, including without limitation, payment of Manager’s compensation, mortgage expenses, personnel expenses, insurance, security deposits, taxes and leasing commissions payable by the Series Entity as provided for hereunder. Manager will maintain on deposit a minimum of one month of Property expenses. Manager shall keep security deposits received from tenants separate from the Operations Account in a “Security Deposit Account.”

Operations Account. − The balance as of September 30, 2022 was $175 thousand. SUMMARY AND QUESTIONS CSCDA staff and League accounting personnel are available to respond to any questions the Commissioners may have about the attached FY 2022-23 Q1 financial reports. Actual Budget YTD Variance 2021-22 2022-23 2022-23 2022-23 Additions Issuance fees Qualified 501 (c)(3) 313,015 250,000 55,000 22.00% Qualified residential rental program 890,819 500,000 118,749 23.75% PACE 2,483,154 3,000,000 1,036,624 34.55% SCIP / Xxxxx Xxxx 1,720,625 1,800,000 596,375 33.13% Other municipal bond programs 203,127 50,000 10,000 20.00% Investment income 959 0 3,315 Total issuance fees 5,611,699 5,600,000 1,820,063 32.50% Bond administrative fees Qualified 501 (c)(3) 1,626,085 1,500,000 274,781 18.32% Qualified residential rental program 6,486,298 6,000,000 1,457,170 24.29% SCIP / Xxxxx Xxxx 691,728 725,000 389,683 53.75% Other municipal bond programs 153,140 75,000 31,639 42.19% Investment income (166,902) 0 (76,897) Total bond administrative fees 8,790,349 8,300,000 2,076,376 25.02% Total additions 14,402,047 13,900,000 3,896,439 28.03% Deductions Issuance Program management fees - BSP 2,826,521 2,746,000 880,057 32.05% Program governance fees - CSAC 1,392,109 1,427,000 468,345 32.82% Program governance fees - League 1,392,109 1,427,000 468,345 32.82% Total issuance 5,610,740 5,600,000 1,816,747 32.44% Bond administration Program administration fees - BSP 1,173,548 1,100,000 313,448 28.50% Compliance/portfolio monitoring fees - BSP 569,327 550,000 109,998 20.00% Prior administration fees - HB Capital 3,374,989 2,790,000 765,816 27.45% Program governance fees - CSAC 1,622,238 1,590,000 408,405 25.69% Program governance fees - League 1,622,238 1,590,000 408,405 25.69% Compliance fees - Urban Futures 184,750 175,000 47,407 27.09% Total bond administration 8,547,091 7,795,000 2,053,479 26.34% Subtotal Issuance & Bond Administration 14,157,831 13,395,000 3,870,226 28.89% Actual Budget YTD Variance 2021-22 2022-23 2022-23 2022-23 General administrative Executive Director 60,600 72,000 16,256 22.58% General Counsel - Xxxxxxxx Xxxxxx Xxxxxxx 108,964 125,000 35,505 28.40% Insurance 32,372 35,000 400 1.14% Board travel reimbursements 1,591 2,000 387 19.35% Issuer counsel - Xxxxxx 75,000 100,000 50,000 50.00% Auditor - MUN CPAs 15,900 20,000 0 0.00% Other professional services 3,876 5,000 0 0.00% BSP municipal advisor fee 24,000 24,000 6,000 25.00% Bank service fees 4,725 7,000 1,575 22.50% Marketing and Spo...

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Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."
Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.
Revenue Account (a) Subject to Section 4.13, on each Monthly Transfer Date the Collateral Agent shall transfer with respect to each Owner Lessor, such Owner Lessor's Percentage of the funds on deposit in the Revenue Account in the following amounts in the following order of priority: FIRST, to the Operating Account, the amount certified in such Request Letter to be such Owner Lessor's Percentage of the excess, if any, of the aggregate amount of Operating Expenses then due and payable or projected to become due and payable in the next succeeding month over the balance then on deposit in the Operating Account; PROVIDED that if the Annual Budget in effect for such Fiscal Year of the Facility Lessee was determined in accordance with Section 5.14(b) or 5.14(c) of any Participation Agreement, then the amount withdrawn from the Operating Account on any Monthly Transfer Date during such Fiscal Year shall not exceed the amount set forth in such Annual Budget for the immediately succeeding calendar month unless agreed to by the Majority in Interest of the Owner Lessors except with respect to fuel and emission allowance costs which shall not be subject to the consent or approval of the Owner Lessors; SECOND, to the Collateral Agent, the applicable Owner Lessor's Owner Manager, the Lease Indenture Trustee, the Security Agent and the Bondholder Trustee, the amount certified in the Request Letter delivered in connection with such Monthly Transfer Date to be the sum of the unpaid fees, indemnities, costs and expenses then due and payable to such Persons in respect of their respective services in such capacities; PROVIDED THAT in the case of the Collateral Agent and the Bondholder Trustee, such amount shall be such Owner Lessor's Percentage of the sum of the unpaid fees, indemnities, costs and expenses of the Collateral Agent and the Bondholder Trustee; THIRD, into the applicable subaccount of the Senior Rent Payment Account, an amount equal to (a) 1/6th of the aggregate amount which is payable on or within six months following such Monthly Transfer Date on account of Senior Rent (other than of the type specified in clause (b) of the definition thereof) under such Owner Lessor's Facility Lease and (b) the aggregate amount of all Senior Rent of the type specified in clause (b) of the definition thereof, under such Owner Lessor's Facility Lease for which will become due and payable prior to the next Monthly Transfer Date together with the amount of all deficiencies, if any, with respect to deposits required to be made in the applicable subaccount of the Senior Rent Payment Account in all prior months, as certified in the Request Letter; FOURTH, subject to Section 4.13 hereof and to Section 6.9 of the Participation Agreement, if applicable, and to the Operative Documents applicable to the Persons entitled thereto, an amount equal to all other Supplemental Rent (other than Excepted Payments) under the applicable Facility Lease then due and payable to such Persons as certified in the Request Letter; FIFTH, into the Permitted Indebtedness Account, such Owner Lessor's Percentage of an amount sufficient to repay in full the Permitted Indebtedness then due, as certified in the Request Letter; SIXTH, into the applicable subaccount of the Equity Account, such Owner Lessor's Percentage of the balance remaining in the Revenue Account.
Operating Accounts (a) Maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates.
Concentration Account Concentration Account" has the meaning set forth in Section 2.3.
Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.
Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.
Retention Account credits and withdrawals
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.

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