Withdrawals and Disbursements. Withdrawals and disbursements may only be made in U.S. dollars, by EFT, including domestic (United States) ACH transactions or in our sole discretion, by wire transfers or by check we issue. This agreement is subject to Article 4A of the Uniform Commercial Code – Funds Transfer as adopted in the state in which you have your account with us.
Withdrawals and Disbursements a. Withdrawals and disbursements may be made in U.S. dollars and via the withdrawal and disbursement methods set forth in Schedule 2 (Funds Availability, Transaction Limits and EFT Disclosures) and Schedule 5 (Debit Card Agreement) included herewith.
Withdrawals and Disbursements. Withdrawals or disbursements from the Naming Proceeds Account in excess of $1,000 for any single transaction or $15,000 total for any calendar month shall only be made upon the signatures of either two current officers of the Foundation or the Executive Director of CoSA and one current officer of the Foundation (neither of which individuals shall be related by blood or marriage), and upon the prior written approval of the Superintendent or other administrative officer of the District identified for such purpose by the Board of Trustees of the District. Should the District from time to time determine that additional control procedures should be adopted to assure that all expenditures are being made in a manner consistent with this Agreement, the District shall have the right to request the same, and the District and the Foundation shall discuss the implementation of the same in good faith and shall confirm in writing any additional accounting control procedures so agreed upon.
Withdrawals and Disbursements. Provided no Event of Default shall have occurred and be continuing under any of the Loan documents, all Funds deposited by Borrower and held by Lender as Collateral during the term of the Loan shall be available for use by Borrower upon receipt of Borrower's written request therefor, except that no disbursement of Collateral shall be made by Lender hereunder which would cause the remaining balance of the Funds to be less than the outstanding principal under the Note (the "Funds Minimum Balance"). Lender shall disburse Funds to Borrower not more frequently than once per calendar quarter upon receipt of Borrower's written request therefor.
