Deposits and Reserves Sample Clauses

Deposits and Reserves. Any escrow or other deposits or reserves held by Sellers pursuant to the Servicing Agreements (Securitization) remaining on deposit as of the Servicing Transfer Date shall be transferred to Purchaser, or a depository designated by Purchaser, by Sellers within ten (10) Business Days after the Servicing Transfer Date;
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Deposits and Reserves. In the event the Customer has not established credit with SBC Telco or has information services bxxxxxxx that are 25% or greater of its projected or actual total billed revenue, or has repeatedly failed to pay SBC Telco in a timely manner for Billing and Collection Services provided by SBC Telco under previous billing agreements, or fail to pay the charges for the services provided under this Agreement in a timely manner, SBC Telco shall have the right to require a deposit from the Customer to guarantee payment. The deposit shall be the actual or estimated charges for services, including amounts for anticipated Adjustments and uncollectibles, for providing the Service to the Customer for a four month period. The anticipated Adjustments and CINGULAR WIRELESS LLC -------------------------------------------------------------------------------- EXHIBITS - Billing and Collections Services Operating Agreement by and among BellSouth Telecommunications, Inc. and Cingular Wireless LLC, effective September 1, 2003 EXHIBIT 10.62 Exhibit B SWBT, PB, NB uncollectibles shall be based on the greater of the Customer's historical Adjustment and uncollectible for the Customer's type of telecommunications services. SBC Telco reserves the right to increase the deposit in the event the Customer's billing volumes increase to the extent that the existing deposit no longer represents the actual charges for services, over a four month period. Upon termination of the service, SBC Telco shall credit the amount of the deposit to the Customer's account and any remaining credit balance will be refunded or credited to the Customer's account prior to termination of the Service if the Customer has promptly paid all relevant charges for a period of one year.
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Deposits and Reserves. In the event the Customer has not established credit with PACIFIC or has information services xxxxxxxx that are 25% or greater of its projected or actual total billed revenue, or has repeatedly failed to pay PacBell in a timely manner for Billing and Collection Services provided by PacBell under previous billing agreements, or fail to pay the charges for the Services provided under this Agreement in a timely manner, PacBell shall have the right to require a deposit from the Customer to guarantee payment. The deposit shall be the actual or estimated charges for Services, including amounts for anticipated Adjustments and uncollectibles, for providing the Service to the Customer for a four month period. The anticipated Adjustments and uncolletibles shall be based on the greater of the Customer's historical Adjustment and uncollectible for the Customer's type of telecommunications services. PacBell reserves the right to increase the deposit in the event the Customer's billing volumes increase to the extent that the existing deposit no longer represents the actual charges for Services, over a four month period. Upon termination of the Service, XxxXxxx shall credit the amount of the deposit to the Customer's account and any remaining credit balance will be refunded or credited to the Customer's account prior to termination of the Service if the Customer has promptly paid all relevant charges for a period of one year.
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Deposits and Reserves 
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Related to Deposits and Reserves

  • Operating Accounts (a) Maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates.

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Deposit Liabilities Assume and thereafter discharge, pay in full and perform all of BANK ONE's obligations and duties relating to the "Deposit Liabilities" (as hereinafter defined). The term "Deposit Liabilities" is defined herein as all of BANK ONE's obligations, duties and liabilities of every type and character relating to all deposit accounts, other than (i) XXXXX accounts and (ii) deposit accounts securing any loan of BANK ONE which is not an Office Loan, for which BUYER assumes no liability, which, as reflected on the books of BANK ONE as of the close of business on the Closing Date, are attributable to the Offices. The deposit accounts referred to in the immediately preceding sentence (hereinafter the "Deposit Accounts") include, without limitation, passbook, statement savings, checking, Money Market, and NOW accounts, Individual Retirement Accounts for which BANK ONE has not received, on or before the Closing Date, the written advice from the account holder of such account holder's objection or failure to accept BUYER as successor custodian ("IRA's") and certificates of deposit. The "obligations, duties and liabilities" referred to in the immediately preceding sentence include, without limitation, the obligation to pay and otherwise process all Deposit Accounts in accordance with applicable law and their respective contractual terms and the duty to supply all applicable reporting forms for periods following the Closing Date including, without limitation, IRS Form 1099 reports relating to the Deposit Accounts to be filed and provided after the Closing Date. With regard to each XXX included within the Deposit Accounts, BUYER shall also assume the appropriate plan pertaining thereto and the trustee or custodial arrangement in connection therewith.

  • Reserve Accounts All reserves, escrows and deposit accounts required under the Loan Documents and all cash, checks, drafts, certificates, securities, investment property, financial assets, instruments and other property held therein from time to time and all proceeds, products, distributions or dividends or substitutions thereon and thereof;

  • Management Accounts The Management Accounts:

  • Disbursements from the Escrow Account a. At such time as Escrow Agent has collected and deposited instruments of payment in the total amount of the Advance and has received such Common Stock via D.W.A.C from the Company which are to be issued to the Investor pursuant to the Standby Equity Distribution Agreement, the Escrow Agent shall notify the Company and the Investor. The Escrow Agent will continue to hold such funds until the Investor and Company execute and deliver a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction at which time the Escrow Agent shall wire the Escrow Funds to the Company. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Investor that Escrow Agent already has on file. Simultaneous with delivery of the executed Joint Written Direction to the Escrow Agent the Investor and Company shall execute and deliver a Common Stock Joint Written Direction to the Escrow Agent directing the Escrow Agent to release via D.W.A.C to the Investor the shares of the Company's Common Stock. In releasing such shares of Common Stock the Escrow Agent is authorized to rely upon such Common Stock Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Escrow Agent has on file. In the event the Escrow Agent does not receive the amount of the Advance from the Investor or the shares of Common Stock to be purchased by the Investor from the Company, the Escrow Agent shall notify the Company and the Investor.

  • Establishment of Custodial Accounts; Deposits in Custodial Accounts The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts. The creation of any Custodial Account shall be evidenced by a Custodial Account Letter Agreement in the form of Exhibit 7. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received by it subsequent to the Cut-off Date, or received by it prior to the Cut-off Date but allocable to a period subsequent thereto, other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date:

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