Trust Deposits. All payments made by Tenant will be deposited in an interest-bearing trust account at Xenith Bank, Xxxxx Xxxx, XX 00000, First National Bank of Pennsylvania Corp, Xxxxxxxx Xxxxxx, XX, 00000, Xxxxx Xxxx, Xxxxxxxx Xxxxxx, XX 00000, or PNC Bank, Xxxxx Xxxx XX 00000; with all interest from said trust account accruing to Agent. Credit card or e-check payments may be processed by insured third parties who shall make commercially reasonable efforts to make ACH transfers to Agent’s designated North Carolina banking institutions within three (3) business days. An amount not to exceed 50% of the total rental rate may be disbursed to the Owner (or as the Owner directs) prior to occupancy. Fees owed to third parties to pay for goods, services or benefits procured for the benefit of the Tenant, as well as the $125.00 administrative fee may be disbursed prior to occupancy. All other funds remaining in the trust account will not be disbursed until: (a) commencement of the tenancy; (b) a material breach by the Tenant; (c) the money is refunded to the Tenant; or (d) the termination of the Owner's interest in the Property.
Trust Deposits. Seller covenants that it will maintain all Deposit Liabilities relating to the Trust Business in operating and cash flow accounts at LSB following Closing Date for the lesser of a period equal to five (5) years or the period LSB continues to retain Target or its Affiliates as its exclusive provider of trust services. If the Deposit Liabilities are withdrawn prematurely, Seller shall reimburse LSB for the portion of the Purchase Price it paid related to such Deposit Liabilities amortized over said five (5) year period.
Trust Deposits. All payments made by Tenant will be deposited in an interest-bearing trust account at, Southern Bank & Trust, Xxxxx Xxxx, XX 00000, BB&T, Xxxxx Xxxx, XX 00000, First National Bank of Pennsylvania Corp, Xxxxxxxx Xxxxxx, XX, 00000, Xxxxx Xxxx, Xxxxxxxx Xxxxxx, XX 00000, or PNC Bank, Xxxxx Xxxx XX 00000; with all interest from said trust account accruing to Agent. Credit card or e-check payments may be processed by insured third parties who shall make commercially reasonable efforts to make ACH transfers to Agent’s designated North Carolina banking institutions within three (3) business days. An amount not to exceed 50% of the total rental rate may be disbursed to the Owner (or as the Owner directs) prior to occupancy. Fees owed to third parties to pay for goods, services or benefits procured for the benefit of the Tenant, as well as the $150.00 administrative fee may be disbursed prior to occupancy. All other funds remaining in the trust account will not be disbursed until: (a) commencement of the tenancy; (b) a material breach by the Tenant; (c) the money is refunded to the Tenant; or (d) the termination of the Owner's interest in the Property.
Trust Deposits. The Trustees shall delegate to the Administrator the responsibility for accepting deposits to the Trust.
Trust Deposits. The Employer hereby deposits with Trustee, in trust property as listed on Schedule 1, which shall become the principal of the Trust to be held, administered, and disposed of by the Trustee as provided in this Trust Agreement.
Trust Deposits. The Employer shall deposit with the Trustee, in trust, certain funds as required under the Plan, which funds shall be held and disposed of by the Trustee as provided in this Trust Agreement.
Trust Deposits. All payments made by Tenant will be deposited in an interest-bearing trust account at, Southern Bank & Trust, Kitty Hawk, NC 27949, Truist, Kitty Hawk, NC 27949, First National Bank of Pennsylvania Corp, Southern Shores, NC, 27949, Towne Bank, Southern Shores, NC 27949, or PNC Bank, Kitty Hawk NC 27949; with all interest from said trust account accruing to Agent. Credit card or e-check payments may be processed by insured third parties who shall make commercially reasonable efforts to make ACH transfers to Agent’s designated North Carolina banking institutions within three (3) business days. An amount not to exceed 50% of the total rental rate may be disbursed to the Owner (or as the Owner directs) prior to occupancy. Fees owed to third parties to pay for goods, services or benefits procured for the benefit of the Tenant, as well as the $210.00 administrative fee may be disbursed prior to occupancy. All other funds remaining in the trust account will not be disbursed until:
Trust Deposits. FOOTHILLS may withdraw from the Landlord Trust Account all disbursements, which under this contract are to be made at OWNER’S expense. These shall include but not be limited to the compensation of FOOTHILLS, subcontractors, supplies and materials necessary for maintenance, repairs and operation, re-keying of the premises, and legal and/or court costs. Owner acknowledges that AGENT will occasionally make repairs for the protection of the property for damages, utilities or other charges caused by tenant. Vendors will be paid from OWNER’S funds. AGENT will bill TENANT for reimbursement or deduct from Security Deposit at TENANT move-out as appropriate.
Trust Deposits. (a) The Board hereby delegates to the Administrator the responsibility for accepting contributions to the Trust and remitting said contributions to the Custodian. The Administrator is also responsible for crediting the deposits to the appropriate sub-trust, if sub-trusts have been established. In all cases, deposits of contributions shall be treated as actually made only as of the date the funds are accepted as in good order by the Administrator.
Trust Deposits. The Board shall delegate to the Program Administrator the responsibility for accepting deposits to the Trust. Contributions shall be made subject to the provisions of the Program.
