Vault Cash Sample Clauses

Vault Cash. The parties acknowledge that the vault cash is the property of STB and STB shall be entitled to remove the vault cash from the El Banco Branches without the payment of further consideration.

Vault Cash. (1) CHARTA agrees to allow WASATCH to place WASATCH's vault cash ("Vault Cash") in the ATMs from time to time in such amounts as WASATCH may desire. WASATCH shall arrange for Vault Cash to be delivered by WASATCH's designated carriers to specific ATMs at specific locations as agreed to from time to time by WASATCH and CHARTA. WASATCH shall approve all designated carriers, and such approval will not be unreasonably withheld, that will handle WASATCH's Vault Cash and will approve the location of any ATMs subject to this Agreement. (2) CHARTA agrees that at all times the Vault Cash shall be the property of WASATCH, and WASATCH agrees to indemnify and hold harmless CHARTA for any damage to, or loss of, Vault Cash delivered to any ATMs until the Vault Cash has been successfully returned to WASATCH or its designated carrier. (3) At all times WASATCH shall have the full ownership, title, use, rights and benefits to all Vault Cash located in any ATM. (4) CHARTA agrees that all Vault Cash can be retrieved from any ATMs by WASATCH at WASATCH's sole discretion and option and without consent from, or notice to, CHARTA. (5) All Vault Cash placed in any ATM shall at all times be the sole property of WASATCH and shall not be subject to any manner of set off rights, lien, security interest, attachment, seizure or other process or agreement by or relating to the property of CHARTA. CHARTA shall take all necessary steps to identify and protect WASATCH's ownership rights in the Vault Cash. (6) All Vault Cash placed in an ATM pursuant to this Agreement will be considered "vault cash" of WASATCH for the purposes of reporting pursuant to Regulation D of the Federal Reserve Board (12 CFR 204) until such time that the currency may be dispensed from an ATM. CHARTA shall not report, treat or consider such currency as "vault cash" for any reporting purposes or otherwise. (7) CHARTA shall furnish such assistance as WASATCH may reasonably request in order for WASATCH to comply with any regulatory, record keeping or reporting requirements applicable to WASATCH with respect to the ATMs or the Vault Cash. (8) CHARTA will pay a fixed monthly fee of $400 for the service of the Vault Cash referred to in this Amendment.

Vault Cash. UFC shall supply cash necessary to operate the Equipment at such locations by depositing or advancing cash (the "Security") in order to obtain vault cash to place in the Equipment.

Vault Cash. At the Closing, the Stockholder shall provide Buyer with a statement, by lender, of the total amount of vault cash (including the Wachovia Payoff Amount, as defined below) (i) in the Stockholder’s name on the Company’s books and records (the “Stockholder Vault Cash”), (ii) currently in circulation that is in the Stockholder’s name on the Company’s books and records (the “Circulated Stockholder Vault Cash”), (iii) in the Company’s name on the Company’s books and records and (iv) currently in circulation that is in the Company’s name on the Company’s books and records. As promptly as practicable after the Closing Date, but in no event longer than sixty (60) days after the Closing Date, Buyer shall verify the amount of the Stockholder Vault Cash and the Circulated Stockholder Vault Cash and shall as promptly as practicable after the Closing Date, and in any event no later than one year from the Closing Date (the “Payment Date”), cause the Stockholder Vault Cash to be replaced by Buyer’s customary vault cash provider. The actual amount of Stockholder Vault Cash shall be returned at such time to the Stockholder and the actual amount of Circulated Stockholder Vault Cash will be remitted to the Stockholder once it is in Buyer’s possession after replacement of the Stockholder as a vault cash provider. Buyer shall pay to the Stockholder fees for the use of the outstanding Stockholder Vault Cash and shall pay to the Stockholder fees for the use of the balance outstanding from time to time of the Circulated Stockholder Vault Cash, as set forth in the Vault Cash Agreement. Buyer hereby authorizes Stockholder to file a UCC-1 Financing Statement in the applicable filing office to provide notice of record that Stockholder continues to own the Stockholder Vault Cash and the Circulated Stockholder Vault Cash following the Closing Date.

Vault Cash. The Seller hereby agrees that, for a period of ninety (90) days following the Closing Date, it shall cooperate with and assist the Purchaser in order to provide for the orderly replacement of the Vault Cash in the Purchased Contract ATMs identified by the Purchaser from time to time following Closing in order to permit the uninterrupted operation of the Purchased Contract ATMs. Notwithstanding the generality of the foregoing, the Seller shall keep in full force and effect the Cash Funding & ABM Services Agreement dated January 18, 2002 between Securicor Canada Limited (“Securicor”) and the Seller (as successor in interest to Access Cash Canada Co.) with respect to the provision of Vault Cash (the “Vault Cash Agreement”) for a period of ninety (90) days following the Closing Date, subject to any termination right of Securicor thereunder or the notice in writing from the Purchaser that it no longer requires the services for the provision of Vault Cash under the Vault Cash Agreement. Any costs relating solely to the supply of Vault Cash under the Vault Cash Agreement relating to the period as of and from the Closing Date (which, for greater certainty, would not otherwise have been incurred by the Seller had the Vault Cash Agreement been terminated at Closing) shall be paid by the Purchaser. The Seller hereby acknowledges that the Purchaser would suffer important damages in the event the Vault Cash was removed from the Purchased Contract ATMs in contravention of this Section 7.16.

Vault Cash. All of Seller’s right, title and interest in and to the cash on hand at the Branch as of the Effective Date (the “Vault Cash”). The foregoing assets are sometimes hereinafter referred to collectively as the “Purchased Assets.”