Building account definition

Building account means a separate bank account for administering gaming proceeds for facility expenses.
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Building account means a separate bank account for administering gaming proceeds for facility expenses. (Added Mar 2018)
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Building account means the Building account of the Victorian Building Authority Fund under Part 12;
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Examples of Building account in a sentence

  • At all times at least two employees of Owner shall have signature authority over the Building account.

  • No indirect, overhead, or central office expenses of Manager (including any personnel costs of [the Building Manager or] anyone senior to the Building Manager) may be paid from the Building account or otherwise reimbursed, except as expressly provided in this agreement.

  • In an emergency, Manager shall take such actions and make such expenditures from the Building account as may be reasonably necessary, but shall seek to minimize such expenditures and shall notify Owner thereof as promptly as reasonably possible.

  • To the extent that Manager, with Owner’s approval, engages outside accountants, Manager may pay their fees from the Building account.

  • Reasonable legal fees for approved evictions and other lease enforcement activities may be paid from the Building account.

  • On any Termination Date, Manager shall deliver to Owner or as Owner directs all documentation in Manager’s possession relating to the Building; shall transfer the Building account as Owner shall direct; and shall otherwise cooperate to achieve a smooth and successful transition.

  • Manager shall disburse excess funds in the Building account to Owner when and as reasonably instructed by Owner.