Procedures Without Lockbox Sample Clauses

Procedures Without Lockbox. In the event that Company elects to forego the procedures established in Sections 1.3 and 1.4, ROAII shall instruct the Collecting Bank to transfer automatically all amounts constituting good funds in the account or accounts of ROAII established for the collection of Governmental Receivables and Non-Governmental Receivables to Company's Main Account at _____________ __________, ____________________________, Account ______________ (the "Main Account") pursuant to a standing order in a form acceptable to Company's legal counsel. ROAII shall have no right or interest in Company's Main Account and such account shall be in the name of and under the control of Company. ROAII shall not, so long as any purchased account remains unpaid, change or cancel such standing order at any time, or, without the prior written consent of Company, change the instructions to each Account Debtor on each Governmental Receivable and Non-Governmental Receivable to make its payments to such account. Any such action shall be considered a breach of this Agreement for which Company shall be entitled to all remedies at law and in equity, including obtaining an injunction.
Sample 1See All (4)
AutoNDA by SimpleDocs
Procedures Without Lockbox. It is MidSouth's intention to utilize the -------------------------- Governmental Lockbox Account and Non-Governmental Lockbox Account procedure as provided in Section 6.2.6(a) and (b) unless circumstances change which would make the Governmental Lockbox Account and Non-Governmental Lockbox Account procedures inappropriate. The procedures under this subsection (c) for the collection of Accounts Receivable without a lockbox will not be instituted without approval of the Management Team. The Practice and MidSouth shall instruct the Collecting Bank to transfer automatically all amounts constituting good funds in the account or accounts of the Practice established for the collection of Governmental Receivables and Non-Governmental Receivables to the Bank Account established with the Lender pursuant to a standing order in a form acceptable to MidSouth's legal counsel (the "Bank Account"). In the event MidSouth exercises this option, the Practice shall instruct each Account Debtor with respect to the Purchased Accounts Receivable to remit all payments directly to the Collecting Bank account or accounts pursuant to a Notification Letter. In addition, the Practice shall attach written instructions to each invoice representing the Purchased Account Receivable generated subsequent to the date of this Agreement instructing such third-party payor or Account Debtor that payment under the invoice is to be paid to the Collecting Bank account or accounts. So long as this Agreement has not been terminated pursuant to Section 10.3 or so long as any Purchased Accounts Receivable remain outstanding, the Practice shall not change or cancel such standing order at any time, or, without the prior written consent of MidSouth, change the instructions to each Account Debtor on each Governmental Receivable end Nor-Governmental Receivable to make its payments to such account. Any such action shall be considered a breach of this Agreement for which MidSouth shall be entitled to all remedies under Applicable Law and in equity, including obtaining an injunction.
Sample 1
Procedures Without Lockbox. In the event that IPS elects to forego the procedures established in Sections 7.5 and 7.6, Provider shall instruct the Collecting Bank to transfer automatically all amounts constituting collected funds in the account or accounts of Provider established for the collection of Governmental and Non-Governmental Receivables to IPSs Main Account pursuant to a standing order in form and substance acceptable to IPS and its legal counsel. Provider shall have no right or interest in IPSs Main Account and such account shall be in the name of and under the control of IPS. Provider shall not, so long as any Assigned Accounts Receivable remain unpaid, change or cancel such standing order at any time, or, without the prior written consent of IPS, change the instructions to any Account Debtor of each Governmental Receivable and Non-Governmental Receivable to make its payments to such
Sample 1Sample 2
Procedures Without Lockbox. In the event that SCN elects to forego the procedures established in Sections 8.4.7.1 and 8.4.7.2, OSMC II shall instruct the Collecting Bank to transfer automatically all amounts constituting good funds in the account or accounts of OSMC II established for the collection of Governmental Receivables and Non-Governmental Receivables to SCN's Main Account at _____________ __________, ____________________________, Account ______________ (the "Main Account") pursuant to a standing order in a form acceptable to SCN's legal counsel. OSMC II shall have no right or interest in SCN's Main Account and such account shall be in the name of and under the control of SCN. OSMC II shall not, so long as any purchased account remains unpaid, change or cancel such standing order at any time, or, without the prior written consent of SCN, change the instructions to each Account Debtor on each Governmental Receivable and Non-Governmental Receivable to make its payments to such account. Any such action shall be considered a breach of this Agreement for which SCN shall be entitled to all remedies at law and in equity, including obtaining an injunction.
Sample 1
Procedures Without Lockbox. In the event that Company elects to forego the procedures established in Sections 1.3 and 1.4, TOC shall instruct the Collecting Bank to transfer automatically all amounts constituting good funds in the account or accounts of TOC established for the collection of Governmental Receivables and Non-Governmental Receivables to Company's Main Account at _____________ __________, ____________________________, Account ______________ (the "Main Account") pursuant to a standing order in a form acceptable to Company's legal counsel. TOC
Sample 1

Related to Procedures Without Lockbox

  • Processing and Procedures (i) Transfer Agent agrees to accept purchase orders and repurchase requests with respect to the Shares of the Fund via postal mail, telephone, electronic delivery or personal delivery on each Fund Business Day in accordance with the Fund’s Prospectus; provided, however, that Transfer Agent shall only accept purchase orders from jurisdictions in which the Shares are qualified for sale, as indicated from time to time by the Fund or pursuant to an Instruction. Transfer Agent shall, as of the time at which the net asset value (“NAV”) of the Fund is computed on each Fund Business Day, issue to the accounts specified in a purchase order in proper form and accepted by the Fund the appropriate number of full and fractional Shares based on the NAV per Share of the Fund specified in a communication received on such Fund Business Day from or on behalf of the Fund. Transfer Agent shall redeem from accounts any Shares tendered for repurchase in accordance with procedures stated in the Fund’s Prospectus or pursuant to an Instruction. Transfer Agent shall not be required to issue any Shares after it has received from an Authorized Person or from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and Transfer Agent shall be entitled to rely upon such written notification. Payment for Shares shall be in the form of a check, wire transfer, Automated Clearing House transfer (“ACH”) or such other methods to which the parties shall mutually agree.

  • Changes in Accounting Procedures Any resolution passed by the Board of Trustees that affects accounting practices and procedures under this Agreement shall be effective upon written receipt of notice and acceptance by USBFS.

  • Accounting Procedures 7.3.1. Principal and Interest Computation.......................... 7.3.2.

  • Closing Procedures Subject to satisfaction or waiver by the relevant Party of the conditions of Closing set forth herein, at the Time of Closing the Vendors shall deliver actual possession of the Purchased Shares and the requisite instruments of conveyance and upon such delivery the Purchaser shall pay or satisfy the Purchase Price in accordance with Section 2.03. The transfer of possession of the Purchased Shares shall be deemed to take effect as at the Time of Closing.

  • Transaction Procedures All series transactions for the Designated Series shall be consummated by payment to, or delivery by, the Custodian(s) from time to time designated by the Fund (the “Custodian”), or such depositories or agents as may be designated by the Custodian in writing, of all cash and/or securities due to or from the Series. The Subadviser shall not have possession or custody of such cash and/or securities or any responsibility or liability with respect to such custody. The Subadviser shall advise the Custodian and confirm in writing to the Fund all investment orders for the Designated Series placed by it with brokers and dealers at the time and in the manner set forth in Schedule A hereto (as amended from time to time). The Fund shall issue to the Custodian such instructions as may be appropriate in connection with the settlement of any transaction initiated by the Subadviser. The Fund shall be responsible for all custodial arrangements and the payment of all custodial charges and fees, and, upon giving proper instructions to the Custodian, the Subadviser shall have no responsibility or liability with respect to custodial arrangements or the act, omissions or other conduct of the Custodian.

  • IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an Account. When the Company opens an Account the Bank will ask for the depositor's name, address and other information that will allow the Bank to identify the depositor. The Bank may also ask to see other documents that substantiate the depositor's identity.

  • Billing Procedures The Partnership will reimburse ETRN, or the ETRN Entities providing the G&A Services, as applicable (the “Service Provider”), for billed costs no later than the later of (a) the last day of the month following the performance month, or (b) thirty (30) business days following the date of the Service Provider’s billing to the Partnership. Xxxxxxxx and payments may be accomplished by inter-company accounting procedures and transfers. The Partnership shall have the right to review all source documentation concerning the liabilities, costs, and expenses upon reasonable notice and during regular business hours.

  • Company Procedures Whenever the Company is required by this Agreement to effect the registration of any Registrable Securities under the Securities Act pursuant to a registration statement, the Company shall use its best efforts to effect each such registration to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof, and pursuant thereto the Company shall, as soon as practicable:

  • Voting Procedures Subject to the cost allocation procedures set forth in Section 3 hereof, LIFE COMPANY will distribute all proxy material furnished by AVIF to Participants to whom pass-through voting privileges are required to be extended and will solicit voting instructions from Participants. LIFE COMPANY will vote Shares in accordance with timely instructions received from Participants. LIFE COMPANY will vote Shares that are (a) not attributable to Participants to whom pass-through voting privileges are extended, or (b) attributable to Participants, but for which no timely instructions have been received, in the same proportion as Shares for which said instructions have been received from Participants, so long as and to the extent that the SEC continues to interpret the 1940 Act to require pass through voting privileges for Participants. Neither LIFE COMPANY nor any of its affiliates will in any way recommend action in connection with or oppose or interfere with the solicitation of proxies for the Shares held for such Participants. LIFE COMPANY reserves the right to vote shares held in any Account in its own right, to the extent permitted by law. LIFE COMPANY shall be responsible for assuring that each of its Accounts holding Shares calculates voting privileges in a manner consistent with that of other Participating Insurance Companies or in the manner required by the Mixed and Shared Funding exemptive order obtained by AVIF. AVIF will notify LIFE COMPANY of any changes of interpretations or amendments to Mixed and Shared Funding exemptive order it has obtained. AVIF will comply with all provisions of the 1940 Act requiring voting by shareholders, and in particular, AVIF either will provide for annual meetings (except insofar as the SEC may interpret Section 16 of the 1940 Act not to require such meetings) or will comply with Section 16(c) of the 1940 Act (although AVIF is not one of the trusts described in Section 16(c) of that Act) as well as with Sections 16(a) and, if and when applicable, 16(b). Further, AVIF will act in accordance with the SEC’s interpretation of the requirements of Section 16(a) with respect to periodic elections of trustees and with whatever rules the SEC may promulgate with respect thereto.

  • Filing Procedures The Company shall (A) permit counsel to the Investor an opportunity to review and comment upon (i) each Registration Statement at least three (3) Trading Days prior to its filing with the SEC and (ii) all amendments and supplements to each Registration Statement (including, without limitation, the Prospectus contained therein) (except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any similar or successor reports or Prospectus Supplements the contents of which is limited to that set forth in such reports) within a reasonable number of days prior to their filing with the SEC, and (B) shall reasonably consider any comments of the Investor and its counsel on any such Registration Statement or amendment or supplement thereto or to any Prospectus contained therein. The Company shall promptly furnish to the Investor, without charge, (i) electronic copies of any correspondence from the SEC or the Staff to the Company or its representatives relating to each Registration Statement (which correspondence shall be redacted to exclude any material, non-public information regarding the Company or any of its Subsidiaries), (ii) after the same is prepared and filed with the SEC, one (1) electronic copy of each Registration Statement and any amendment(s) and supplement(s) thereto, including, without limitation, financial statements and schedules, all documents incorporated therein by reference, if requested by the Investor, and all exhibits and (iii) upon the effectiveness of each Registration Statement, one (1) electronic copy of the Prospectus included in such Registration Statement and all amendments and supplements thereto; provided, however, the Company shall not be required to furnish any document to the extent such document is available on XXXXX).

Time is Money Join Law Insider Premium to draft better contracts faster.