Use of Excess Funds Sample Clauses

Use of Excess Funds. Any funds not required by the Money Pool to make loans to Participating Companies shall be invested in one or more short-term investments in accordance with the Parent Company's Investment Guidelines as approved from time to time by the Board of Directors of the Parent Company or by officers of the Parent Company, if such authority is delegated to such officers by the Parent Company Board of Directors. Section 1.12. Clearing Affiliate Transactions by Book Entry. Amounts owed by one Participating Company to another Participating Company may be paid and payment may be received by debiting the Money Pool balance of the Participating Company making the payment and crediting the Money Pool balance of the Participating Company receiving the payment. Settlement sheets reflecting all such book entry payments shall be sent to all Participating Companies promptly. ARTICLE II - COMPENSATION Section 2.1.
Sample 1
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Use of Excess Funds. Any funds not required by the Money Pool to make loans to Participating Companies shall be invested in one or more short-term investments in accordance with the Conectiv System's Investment Guidelines as approved from time to time by the Board of Directors of the Parent Company or by officers of the Parent Company, if such authority is delegated to such officers by the Parent Company Board of Directors.
Sample 1
Use of Excess Funds. Should the Global Commitment Fund have any excess funds following payment of all providers, including IGA partners, for Global Commitment to Health enrollees, those excess funds may be used to support health initiatives in the State of Vermont. Pursuant to Item #40 of the Global Commitment to Health Special Terms and Conditions, any revenue from capitation payments related to the beneficiaries covered under this demonstration may only be used for the following purposes: • Reduce the rate of uninsured and/or underinsured in Vermont; • Increase the access of quality health care to uninsured, underinsured, and Medicaid beneficiaries; • Provide public health approaches to improve the health outcomes and the quality of life for Medicaid-eligible individuals in Vermont; and • Encourage the formation and maintenance of public-private partnerships in health care. Restrictions on the use of excess funds are as follows: • Funds may not be used as State match in subsequent years • Funds may not be used to purchase health care services provided to individuals incarcerated in correctional facilities, with the exception of discharge planning for inmates with health care needs who have established Global Commitment to Health Waiver eligibility • Funds may not be used to purchase health care services covered under the Vermont State Employee Benefit Plan AHS will collect and report to CMS detailed information annually on how excess funds are spent.
Sample 1

Related to Use of Excess Funds

  • Use of Accounts The Servicer shall not use the Custodial P&I Account as a collection clearing account.

  • Collect Revenues, Apply Accounts Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

  • Use of Affiliates Merck shall have the right to exercise its rights and perform its obligations under this Agreement either itself or through any of its Affiliates.

  • RECOVERY FROM THIRD PARTIES When an employee disability arises in circumstances which involve a claim against a Third Party, the employee agrees to include in his/her Statement of Claim, the total amount of I.P.P. benefits which have been paid to him/her in respect of the disability. In the event that recovery is made, the employee agrees to repay to the Employer the full amount of the recovery made in respect of IPP benefits.

  • Payments Directly to Swing Line Lender The Borrower shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

  • Rights cumulative, non-exclusive The rights and remedies which the Finance Documents give to each Creditor Party are:

  • Payments Directly to Swingline Lender The Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.

  • Use of Seller’s Share of Collections The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

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