Common use of Segregated Bank Account Clause in Contracts

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. (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)6.6, the Recipient must, if so requested by the Department, establish a new Bank Account (Segregated Bank Account) that is: