The Bank Account. 3.1 The Bank Account will be held by the Third Party solely for the receipt of and use of Personal Health Budget Payments in connection with the purchase of the Support or in connection with any other payments required to be made to secure relevant services for a disabled person.
The Bank Account. 7.1. Compliance with all matters ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
The Bank Account. There are two alternatives for a consignment agreement. Either the principal collects cash or the agent does it. Because consignment agreements are used almost entirely for exports or distant distribution, we have assumed that the agent will invoice in the name of the Principal but require all money to be sent to him ( ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ). We have provided for the bank account to be in the name of either party. Of course, it will be in your name if possible. ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . If you are collecting cash, ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . This paragraph is intended primarily to set the legal parameters. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
The Bank Account. There are two alternatives for a consignment agreement. Either the principal collects cash or the agent does it. Because consignment agreements are used almost entirely for exports or distant distribution, we have assumed that the agent will invoice in the name of the Principal but require all money to be sent to him ( ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ). We have provided for the bank account to be in the name of either party. Of course, it will be in your name if possible. However, many foreign jurisdictions demand that a business unit is set up and registered ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
The Bank Account. Operator shall promptly inform the Issuer or the Loan Note Issuer of the contents of any notice or document received by it from any of the parties to any of the Relevant Documents to which the Issuer or the Loan Note Issuer is or becomes a party which the Bank Account Operator considers to be extraordinary in the context of the Issuer or the Loan Note Issuer's day-to-day operation.
The Bank Account. Operator shall keep, for and on behalf of each of the Issuer and the Loan Note Issuer, any computer and/or physical records relating to each of the Issuer and the Loan Note Issuer and/or the Accounts or delivered to the Bank Account Operator on behalf of each of the Issuer and the Loan Note Issuer (the "RELEVANT FILES") and maintain them in an adequate form and in such a way that they can clearly be distinguished from the records relating to other companies maintained by the Bank Account Operator. The Bank Account Operator shall ensure that the Relevant Files held by the Bank Account Operator (or to its order) shall at all reasonable hours be made available for inspection by each of the Issuer and the Loan Note Issuer or any person acting on its behalf and shall procure that each of the Issuer and the Loan Note Issuer or any person acting on its behalf shall be provided with such assistance as either of them may reasonably require to properly perform their duties. All Relevant Files held by the Bank Account Operator shall be held by it to the order of each of the Issuer and the Loan
The Bank Account. Operator hereby undertakes to each of the Issuer and the Loan Note Issuer that it will not take any corporate action or other steps or legal proceedings for the winding up, dissolution or re-organisation or for the appointment of a receiver, administrative receiver, trustee, liquidator, sequestrator or similar officer of each of the Issuer and the Loan Note Issuer or any or all of the revenues and assets of each of the Issuer and the Loan Note Issuer nor participate in any ex parte proceedings nor seek to enforce any judgment against each of the Issuer and the Loan Note Issuer.
The Bank Account. Operator acknowledges that the obligations of each of the Issuer and the Loan Note Issuer under this Agreement at any time are limited to the lesser, at such time, of (a) the nominal amount thereof (the "NOMINAL AMOUNT") and (b) an amount (the "AVAILABLE AMOUNT") equivalent to the cash amounts deposited in their own relevant Accounts of each of the Issuer and the Loan Note Issuer at such time or realised by the Note Trustee or the Security Trustee following the enforcement of security pursuant to the Note Trust Deed or the Security Trust Deed (as applicable). The Bank Account Operator shall not have a right to have recourse to, or make demand or initiate proceedings against each of the Issuer and the Loan Note Issuer at any time whilst the nominal amount exceeds the available amount. Each of the Issuer and the Loan Note Issuer shall incur no liability and be under no additional duty to any person solely as a result of any inability on its part to make payments or to perform other obligations under this Agreement, which inability results from the operation of the foregoing provisions of this Clause 11.3.
The Bank Account. Operator agrees that it shall have no recourse, in respect of any obligation, covenant or agreement of each of the Issuer and the Loan Note Issuer, against any shareholder, officer, agent or director of each of the Issuer and the Loan Note Issuer.
The Bank Account. The Borrower shall maintain its primary ------------------ business operating accounts with the Bank until such time as all Obligations to the Bank are fully satisfied.
