Special Bank Account Sample Clauses

Special Bank Account. Notwithstanding any terms herein to the contrary, CCPI shall be responsible for processing claims for payment from the Segregated Payors in the name of the Physician and on Physician’s behalf in accordance with the terms of this Agreement. All of the payments with respect to such claims shall be made by check (or electronic funds transfer) payable to the Physician and shall be deposited into a bank account with a bank designated by the Physician and whose deposits are insured by the FDIC (the “Special Account Bank”) under the exclusive domain and control of the Physician (the “Special Bank Account”). Physician shall, however, effective as of the Effective Date, enter into and maintain a Depository Agreement with Special Account Bank addressing the Special Account in substantially the form attached hereto as Exhibit B (“Depository Agreement”) or in such other form as is acceptable to the Special Account Bank, CCPI and Physician, which in any event shall include provisions which: (i) provide for the weekly sweep (on a weekday to be determined by the parties) of Physician’s Payment from the claims payments made by the Segregated Payors with respect to Products sold under Net 360 Invoices of the funds from the Special Bank Account into the Physician Bank Account and the remainder of the claims payments to a bank account of CCPI’s choosing (“CCPI Second Bank Account”); (ii) provide for the immediate notification by the Special Account Bank to CCPI in the event that the Physician terminates or modifies any instructions to the Special Account Bank or the Depository Agreement; and (iii) are otherwise consistent with the terms of this Agreement.. On the business day immediately prior to the weekly sweep, CCPI shall provide a statement to the Special Account Bank, which statement shall (a) detail the weekly sweep payment to be made to the CCPI Second Bank Account, which relate to Patient claims paid by Segregated Payors, and (b) detail the weekly sweep payment to be made to the Physician Bank Account. Physician agrees he, she or it will not: (x) take any actions that interfere with the transfer of funds from the Special Bank Account to the CCPI Second Bank Account as provided in this Section 2.3 and in the Depository Agreement; (y) remove, withdraw or authorize the removal or withdrawal of any funds from the Special Bank Account for any purpose except to accomplish the transfer of funds provided in this Section 2.3 of this Agreement or in the Depository Agreement; o...
Sample 1
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Special Bank Account. A bank account shall be opened in the name of the Joint Venture. All Security Services Contract(s) related payments due to the Joint Venture shall be deposited to this account. All Security Services Contract(s) related expenses incurred will be paid from this account. All checks, wires, transfers, deductions and withdrawals written on this account shall be signed and/or authorized in writing by both Joint Venturers to this Joint Venture. Each Joint Venturer hereto agrees to execute and deliver all necessary authorizations as may be required by any of the depository banks to effect the purposes thereof. All such funds shall be deemed and are declared to be trust funds of the Joint Venture and shall not be commingled with any other funds of either of the Joint Venturers.
Sample 1
Special Bank Account. Party B shall open a special account, Party A agree to release the loan fund after examining the relevant document provided by Party B, the fund shall be transferred to the above special account.
Sample 1
Special Bank Account. The Company has opened a special bank account (Special Bank Account). The authorized signatures of the Special Bank Account are Rxxxxx Xxxxxx and Jxxxxx X. Xxxxxxx. Funds deposited into the Special Bank Account will only be used to pay Employee s Lump Sum Severance Package Compensation, as more specifically set forth
Sample 1
Special Bank Account a) Keep the drawals from the Loan in special accounts in the name of the Borrower with a scheduled bank to be approved by the IREDA, the payments from which account shall be subject to verification by any person authorised in this behalf by XXXXX. The Borrower shall also obtain and furnish to IREDA a letter (in a form approved by the IREDA) from the said bank forgoing its right of set-off or lien in respect of such account;
Sample 1
Special Bank Account. Keep the drawals from the Loan in special accounts in the name of the Borrower with a scheduled bank to be approved by the IREDA, the payments from which account shall be subject to verification by any person authorised in this behalf by IREDA. The Borrower shall also obtain and furnish to IREDA a letter (in a form approved by the IREDA) from the said bank forgoing its right of set-off or lien in respect of such account; Keep such records as may be required by IREDA to facilitate verification of the entries in the said account. The Borrower shall also authorise the said Bank to furnish to IREDA, as and when required by it, certified true copy of the said account with details for verification by IREDA, at the expense of the Borrower. Not transfer the Loans or any portion thereof from the said special account for being kept in call or any deposit in any bank without obtaining the prior written approval of IREDA.
Sample 1

Related to Special Bank Account

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

  • Deposits to the Bank Account 3.1 The Selling Agents shall promptly deliver to the Escrow Agent all monies which they receive from prospective purchasers of the Securities, which monies shall be in the form of checks or wire transfers. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “HIGHTIMES HOLDING CORP.’s. Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the applicable Selling Agent (together with any Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

  • Location of Bank Accounts Schedule 6.01(v) sets forth a complete and accurate list as of the Effective Date of all deposit, checking and other bank accounts, all securities and other accounts maintained with any broker dealer and all other similar accounts maintained by each Loan Party, together with a description thereof (i.e., the bank or broker dealer at which such deposit or other account is maintained and the account number and the purpose thereof).

  • Disbursement from the Bank Account 4.1 Subject to 4.3 below, if by the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount or the Minimum Securities Amount, as indicated by the Subscription Information submitted to the Escrow Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow Agent shall promptly notify the Issuer of its distribution of the Fund.

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Establishment of Bank Accounts On or before the Closing Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of ), each in the name “ , as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “, to be designated as follows:

  • Establishment of the Bank Account 2.1 The Escrow Agent shall establish a non-interest bearing bank account at a branch of XX Xxxxxx Chase selected by the Escrow Agent, and bearing the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, or wire transfers) which are received by the Underwriter from prospective purchasers of the Securities and are delivered by the Underwriter to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.

  • 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.

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