Segregation of Funds Sample Clauses

Segregation of Funds. The amounts set forth in Subsection 6.1(2) will be held in a Custodial Account. To the extent permitted by the related Servicing Contract, and except as provided in paragraph (b) of Subsection 6.1(1), a Direct Servicer may commingle such funds only with collections on other mortgage loans that are not part of that Trust but are held for other Trusts or Other Xxxxxx Mae Trusts. Temporarily, however, prior to depositing such funds as contemplated by Subsection 6.1(2), a Direct Servicer may hold such funds in a clearing account that is either in an Eligible Depository or is a deposit account insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or such other governmental insurer or guarantor as may be acceptable to the Guarantor, and that in any case may include collections on other mortgage loans without regard to their ownership. In addition, if permitted by the related Servicing Contract, for a period no longer than one Business Day immediately preceding the Latest Servicer Remittance Date with respect to the related Distribution Date, such funds may be held in a consolidated drafting account that is a Custodial Account in which funds of other Trusts or Other Xxxxxx Xxx Trusts may be held. The Direct Servicer will maintain records on a loan-by-loan basis regarding the sources of the commingled funds.
Segregation of Funds. Monies and other property received by the Escrow Bank under this Agreement shall, until used or applied in accordance with this Agreement, be held by the Escrow Bank in trust for the purposes for which they were received, and shall be segregated from other funds and property of the Escrow Bank.
Segregation of Funds. Parent will cause ExchangeCo to deposit a sufficient amount of funds in a separate account of ExchangeCo and segregate a sufficient amount of such other assets and property as is necessary to enable ExchangeCo to pay dividends when due and to pay or otherwise satisfy its respective obligations under Article 5, 6 or 7 of the Share Provisions, as applicable.
Segregation of Funds. All money received from the Client or a person authorised by the Client is held in a separate Segregated Client Bank Account, which is ring-fenced and kept independent from the Company’s working and operating capital at all times. The Client agrees and acknowledges that, while client money is segregated from house money, all client funds are pooled in an “omnibus account” structure for clearing, typically by having a margin clearing account at a Prime Broker, or Prime of Prime account.
Segregation of Funds. All payments which are received by Borrower or Guarantor in connection with the Collateral contrary to any provision of this Agreement, the Guarantee or the Basic Documents shall be held by Borrower or Guarantor, as the case may be, in trust for Lender, segregated from all other funds of Borrower or Guarantor, as the case may be, and shall forthwith upon receipt by Borrower or Guarantor, as the case may be, be turned over to Lender in the exact form received by Borrower or Guarantor, respectively (duly endorsed by Borrower or Guarantor to Lender, if required), to be applied to the Obligations and Other RF Obligations.
Segregation of Funds. Coors will cause Exchangeco to deposit a sufficient amount of funds in a separate account of Exchangeco and segregate a sufficient amount of such other assets and property as is necessary to enable Exchangeco to pay dividends and other amounts when due under Article 3 of the Share Provisions and to pay or otherwise satisfy its respective obligations under Article 5, 6 or 7 of the Share Provisions, as applicable.
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Segregation of Funds. Provider agrees that it shall segregate obligations and expenditures of this Award from other funding it receives from the State, federal and/or other sources. Provider agrees that no part of funds made available under this Award may be commingled with any other funds or used for a purpose other than that of making payments in support of projects and activities expressly authorized in this Agreement.
Segregation of Funds. The Parent will cause the Corporation to deposit a sufficient amount of funds in a separate account and segregate a sufficient amount of such other assets as is necessary to enable the Corporation to pay or otherwise satisfy the applicable dividends, Liquidation Amount, Retraction Price or Redemption Price, in each case for the benefit of Non-Affiliated Holders from time to time of the Exchangeable Shares, and to use such funds and other assets so segregated exclusively for the payment of dividends and the payment or other satisfaction of the Liquidation Amount, the Retraction Price or the Redemption Price, as applicable.
Segregation of Funds. The Parent will, from time to time, as is necessary to carry out the terms and obligations of this agreement, cause the Corporation to deposit a sufficient amount of funds in a separate account and segregate a sufficient amount of such assets and other property as is necessary to enable the Corporation to pay or otherwise satisfy the applicable dividends, liquidation amount, retraction price or redemption price, in each case for the benefit of holders from time to time of the Exchangeable Non-Voting Shares, and will use such funds, and other property so segregated exclusively for the payment of dividends or the payment or other satisfaction of the liquidation amount, the retraction price or the redemption price, as applicable.
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