Segregated Bank Account Sample Clauses

Segregated Bank Account. All purchase payments received by General Agent on behalf of Nationwide, including purchase payments received by General Agent from Agents, shall be held in a segregated bank account and shall be forwarded to Nationwide in accordance with mutually agreed upon instructions.

Segregated Bank Account. (a) If the Department notifies the Recipient of its intention to deposit Undisbursed Funds into the Recipient’s Bank Account under clause 5.4(c), the Recipient must, if requested by the Department, establish a new Bank Account (Segregated Bank Account) that is:

Segregated Bank Account. All moneys deposited to the credit of that account must be paid into a client segregated bank account established and maintained by us with our bank.

Segregated Bank Account. If the Departments notify the Recipient of their intention to deposit Undisbursed Funds into the Recipient’s Bank Account under clause 6.6, the Recipient must, if requested by the Departments, establish a new Bank Account (Segregated Bank Account) that is: established solely for the purposes of accounting for and administering any Funds paid to the Recipient by the Departments; an account that bears a rate of interest; separate from the Recipient’s or any other person’s operational accounts; and if requested by the Departments, governed by an account control deed between the Departments, the Recipient and the relevant bank, which limits the Recipient’s ability to withdraw Funds from the Segregated Bank Account without the Departments’ consent. At any time, if there are Funds in the Segregated Bank Account, the Recipient must: if requested by the Departments, provide each Department (and the authorised deposit-taking institution) with: an authority for each Department to obtain any details relating to the use of the Segregated Bank Account; and a copy of any statement relating to the Segregated Bank Account, and any other reasonable details relating to use of the Segregated Bank Account; and notify each Department of any change of the Segregated Bank Account, provide each Department with details of the new account, and comply with this clause 8 in respect of the new account. Withdrawal of funds from the Bank Account or Segregated Bank Account The Recipient must not withdraw or transfer funds from a Bank Account or Segregated Bank Account other than in accordance with this Funding Agreement. Contributions Other than with respect to payment of the Funds in accordance with this Funding Agreement, the Recipient is responsible for providing or securing all funds and resources, and bearing all costs necessary, to complete the Project (including on account of cost overruns). Unless otherwise agreed by the Departments and the Recipient in writing, the Recipient must ensure that: the Recipient Contributions are provided and used for the Project in accordance with item 2.3 of Schedule 1; and any Other Contributions are provided and used for the Project in accordance with items 2.4 and 2.5 of Schedule 1. Variations Variations Any variation of this Funding Agreement (including any Schedule) must be in writing and signed by all parties. Unless otherwise required by the Departments, a variation will be effected by completing and executing the form set out in Attachment 2...

Segregated Bank Account. Issuer hereby agrees to keep all proceeds from the Purchase Agreement and Notes in a Segregated Bank Account.

Segregated Bank Account. All funds hereunder shall be deposited by the Placement Agent in a segregated non-interest bearing bank account maintained by it.