Examples of Enterprise Bank Accounts in a sentence
MPM shall and MBPI agree that the Enterprise Bank Accounts shall not be subject to attachment or rights of deduction or set off or counterclaim by either party.
Management Firm shall have the authority to transfer funds between or among any Enterprise Bank Accounts as Management Firm determines in its sole discretion is necessary or desirable for the management or operation of the Enterprise.
Its key purpose was to reform the disability services system and review the Intellectual Disabled Persons Act 1986 (Vic) and the Disability Services Act 1991 (Vic).
The sum of money agreed to by the Business Board to be maintained in the Enterprise Bank Account(s) to serve as operating capital for Enterprise operations, shall include all sums needed for the House Bank, and all sums needed to accrue for payment of expenses not paid on a monthly basis (the “Minimum Balance”).
Such Net Revenues shall be disbursed by MPM from the Enterprise Bank Account(s) to the extent available to pay the scheduled items to the extent due and payable and earned in the following order of priority.
Subject to the Bank Loan Documents, MPM has the authority to transfer funds from and between the Enterprise Bank Accounts to the Disbursement Account in order to pay Operating Expenses and to pay debt service pursuant to the Bank Loan Documents, to invest funds in accordance with the Enterprise Investment Policy and to pay the Management Fees payable to MPM pursuant to this Agreement.
Management Firm shall recommend, and Licensee shall approve (with such approval not to be unreasonably withheld, conditioned or delayed), a bank or banks for the deposit and maintenance of funds from the operation of the Enterprise, and Licensee shall use reasonable efforts to establish Enterprise Bank Accounts in such bank(s), for the benefit of Licensee and in the Enterprise’s name, for the management and operation of the Enterprise in the course of business and as consistent with this Agreement.
MPM shall not make any cash disbursements from the Enterprise Bank Accounts.
The Enterprise Bank Accounts shall include, but are not limited to, a Depository Account and a Disbursement Account, as described below.