Examples of Operating Bank Accounts in a sentence
This chapter applies to an Authorised Firm that is licensed by the AFSA to conduct the Regulated Activity of Accepting Deposits and/or Opening and Operating Bank Accounts.An Authorised Firm that is licensed to conduct the Regulated Activity of Accepting Deposits and/or Opening and Operating Bank Accounts is defined as a Bank in BBR 1.5.
The authorisation for Accepting Deposits and/or Opening and Operating Bank Accounts qualifies an Authorised Firm as a Bank.
All Gross Revenues (excluding noncash items) shall be deposited in the Operating Bank Accounts, and Manager shall pay out of the Operating Bank Accounts, to the extent of the funds therein, from time to time, all Operating Expenses and other amounts required by Manager to perform its obligations under this Agreement.
Expenditures made by Manager in connection with an emergency shall be paid for first from the Reserve Funds to the extent funds are available, and then from the Operating Bank Accounts.
The Operating Bank Accounts shall be interest bearing accounts if such accounts are reasonably available and all interest thereon shall be credited to the Operating Bank Accounts.
The cost of any expenditures provided for in this Section 8.5 shall be paid for first from the Reserve Funds or the Operating Bank Accounts and, if sufficient funds are not available, Manager shall request such necessary amounts from Owner.
Except as otherwise mutually agreed by the Parties, Manager shall remit to the Owner Account, on a daily basis, any funds in the Operating Bank Accounts in excess of the Working Capital Balance.
Operating Bank Accounts – Current Account bank account balance held by Crown for funding CashflowThe table above has been adjusted from Q4 2015 to account for confirmed commitments on the Project City (roading) project that were unclear at the time of completing the 2014/15 quarterly financial reports.
The Operating Bank Accounts shall be named in such a manner as to identify the Project and particular uses for the account as the Companies and Manager may determine.
Operating Bank Accounts: Accounts are for the financial operations of Chartered Clubs and must be IRS compliant.