Company Deposits Sample Clauses

Company Deposits. The Company has deposited the Company Deposits with the Bank, and the Bank has accepted the same, on the terms and conditions of this Agreement. The Bank has established an account (“Account”) on behalf of the Company in connection with the Company Deposits for the purposes set forth in the Restricted Reserve Requirement. Any additional deposits made to the Account by the Company from time to time will be deemed to be Company Deposits for all purposes of this Agreement. The Company represents that there are currently no liens, encumbrances or charge on or security interest in the Company Deposits. The Company also represents that the Company shall not, directly or indirectly, create, suffer or permit to be created or to remain, and shall promptly discharge, any lien, encumbrance or charge on or security interest in the Company Deposits or any portion thereof. The Bank will provide safekeeping receipts to OHA within three business days following a deposit in the Account with respect to the assets deposited by the Company in the Account, and shall provide copies of such receipts to the Company. The Bank shall have no obligation to determine the genuineness or validity of any Company Deposits or whether there is any alteration or defect on any securities or other instruments (or any endorsements thereon) that are delivered to the Bank hereunder, or to ascertain whether any deposits satisfy the requirements of the CCO Contract or any other requirements to which the Company or CCO is subject.
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Company Deposits. Under the terms of the Investment Agreement, from time to time, the Company will deliver Put Notices to the Investor to effect the sale of a number of Put Shares. The Company shall deliver a copy of each Put Notice to the Escrow Agent by facsimile or as soon as practicable after it delivers such Put Notice to the Investor. For each Put, at the times specified in the Investment Agreement, the Company shall deposit unlegended and freely tradable shares of Common Stock, in electronic form and in the name of the Investor (or in such street name as the Escrow Agent directs), under the Escrow Agent's DTC participation number, representing the number of Put Shares specified in the Put Notice for that Put with the Escrow Agent. The Put Shares shall be delivered to the Escrow Agent in electronic form through the DTC system. The Company shall notify the Escrow Agent of the number of Put Shares being delivered, by facsimile, not later than 5:00 PM, New York City time, on the day that such shares are delivered.
Sample 1
Company Deposits. Any and all amounts currently on deposit for the benefit of the Company for utility services, insurance, rent etc., are and shall remain the sole property of the Company.
Sample 1
Company Deposits. Prior to each Put Date, at the times and amounts specified in the Investment Agreement, the Company shall deposit unlegended and freely tradable shares of Common Stock, in electronic form and in the name of the Investor (or in such street name as the Escrow Agent directs), under the Escrow Agent's DTC participation number, representing the Put Shares for that Put with the Escrow Agent. The Put Shares shall be delivered to the Escrow Agent in electronic form through the DTC system. The Company shall notify the Escrow Agent of the number of Put Shares being delivered, by facsimile, not later than 5:00 PM, New York City time, on the day that such shares are delivered.
Sample 1

Related to Company Deposits

  • Escrow Deposits All escrow deposits and escrow payments currently required to be escrowed with the Mortgagee pursuant to each Mortgage Loan (including capital improvements and environmental remediation reserves) are in the possession, or under the control, of the Mortgage Loan Seller or its servicer, and there are no delinquencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to the Depositor or its servicer (or, in the case of a Non-Serviced Mortgage Loan, to the related depositor under the Non-Serviced PSA or Non-Serviced Master Servicer for the related Non-Serviced Trust).

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • Cash Deposits Within the limitations of this Subsection, Purchaser shall make cash deposits to meet Purchaser’s obligations within 15 days of billing by Forest Service. Deposits shall be made to Forest Service, U.S.D.A., by mail or delivery to the address to be fur- nished by Forest Service. Forest Service shall explain the bill at the time it requests each deposit.

  • Lease Deposit Upon the execution hereof, Lessor shall loan Lessee an amount equal to twenty-five percent (25%) of the first full year's Base Rent (the "Lease Deposit"). The Lease Deposit shall be held by Lessor as security for the performance by Lessee of Lessee's covenants and obligations under the Lease. The Lease Deposit shall not be considered an advance payment of rental or a measure of Lessor's damages in case of default by Lessee. Lessor may, from time to time, without prejudice to any other remedy, use the proceeds thereof to make good any arrearages of Rent, to satisfy any other covenant or obligation of Lessee hereunder or to compensate Lessor for any other loss or damage which Lessor may suffer by reason of any default by Lessee. Following any such use of the Lease Deposit by the Lessor, Lessee shall deliver to Lessor on demand an amount sufficient to restore the aggregate amount held by Lessor, not including any interest earned on the Lease Deposit, to the amount of the original Lease Deposit. If Lessee is not in default at the termination of the Lease, and has complied with all of the provisions of this Lease to be performed by Lessee, including surrender of the Leased Property in accordance with the provisions hereof and has repaid the loan of the Lease Deposit, the Lease Deposit, not including any interest earned on such Lease Deposit, shall be returned by Lessor to Lessee, subject to any draws which have previously been made by Lessor against the Lease Deposit and not replenished by the Lessee. Lessee will not assign or encumber Lessee's interest in the Lease Deposit, and neither Lessor nor Lessor's successors or assigns will be bound by any such attempted assignment or encumbrance of the Lease Deposit. Any interest earned on the Lease Deposit will be for the sole benefit of the Lessor and shall not in any way reduce any amounts owed by Lessee under the terms hereof.

  • Establishment of Escrow Account; Deposits in Escrow Account With respect to those Mortgage Loans on which the Servicer or any Sub-Servicer collects Escrow Payments, if any, the Servicer shall, and shall cause the Sub-Servicer to, segregate and hold all funds collected and received pursuant to each such Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of trust accounts. Such Escrow Accounts shall be established with a commercial bank, a mutual savings bank or a savings and loan association the deposits of which are insured by the FDIC in a manner which shall provide maximum available insurance thereunder, and which may be drawn on by the Servicer. The Servicer shall give notice to the Trustee of the location of any Escrow Account, and of any change thereof, prior to the use thereof. Nothing in this paragraph shall be deemed to require the Servicer to collect Escrow Payments in the absence of a provision in the related Mortgage requiring such collection. The Servicer shall deposit, or cause to be deposited, in any Escrow Account or Accounts on a daily basis, and retain therein, (i) all Escrow Payments collected on account of any Mortgage Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (ii) all amounts representing proceeds of any hazard insurance policy which are to be applied to the restoration or repair of any Mortgaged Property. The Servicer shall make withdrawals therefrom only to effect such payments as are required under this Agreement, and for such other purposes as are set forth in Section 5.11. The Servicer shall be entitled to retain any interest paid on funds deposited in the Escrow Account by the depository institution other than interest on escrowed funds required by law to be paid to the related Mortgagor and, to the extent required by law, the Servicer shall pay interest on escrowed funds to the related Mortgagor notwithstanding that the Escrow Account is non-interest-bearing or that interest paid thereon is insufficient for such purposes.

  • Establishment of Escrow Accounts; Deposits in Escrow Accounts The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts. The creation of any Escrow Account shall be evidenced by Escrow Account Letter Agreement in the form of Exhibit 8.

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