Management Account Sample Clauses

Management Account. The term “Management Account” shall mean the bank account established as described in Section 3.13 herein below.
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Management Account. Company shall open and maintain a separate bank account designated as “Management Account” for the deposits and disbursement of funds of the Company. The Management Account shall be opened in the Company’s name and under the Company’s EIN as issued by the Internal Revenue Service.
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Management Account. Management/Consultant will deposit all funds collected relating to the Property in the operating account of S.V.G. Properties, L.P. Management/Consultant will not commingle any funds collected relating to the Property with any other funds. All sums collected by Management/Consultant relating to the Property and all sums placed in the Account will be held in trust for Owner. Management/Consultant may draw on the Account only to pay the following matters in the following order of priority: li) first, operating expenses permitted by Sections 5.1 and 4.2, (ii) second, the Management Fee described in Section 5.1, and (iii) finally, all the amounts payable to Owner.
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Management Account. Developer shall establish a checking account (the “Management Account”) in a form and at a local bank or financial institution approved by County. The Management Account shall be a separate account held in trust for the County. The sole purpose of the Management Account is to provide a depository for the County funds to be advanced by the County, which are to be used by Developer for the payment of Consultant Fees and Third Party Costs following receipt of a written request from Developer.
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Related to Management Account

  • Management Accounts The Management Accounts:

  • 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.

  • Disbursement Account 12.1 The Lender is obligated to keep the bank account information provided on the Platform up to date. The account shall be managed by a bank within the Single Euro Payment Area (hereinafter “SEPA”).

  • Investment Account The Manager shall maintain an investment account or accounts in the Manager’s name (the “Account”) on behalf of the Principal, any other participating insurer affiliated with the Principal and/or the Ultimate Parent Company, an insurance subsidiary or affiliate of the Principal and/or the Ultimate Parent Company or a pension plan or profit-sharing plan of the Principal, its insurance subsidiaries or affiliates, (collectively, the “Participants”), and shall hold therein all debt obligations, accounts or deposits permitted by the New Hampshire Insurance Code as more fully described on Exhibit A, as may be amended from time to time, and attached hereto and incorporated herein (collectively, “Investments”), deposited in or purchased or otherwise acquired for and on behalf of the Principal and the Participants from time to time pursuant to the terms and conditions of this Agreement. All Investments in the Account shall be Short-Term Obligations.

  • Cash Management Account Borrower hereby represents and warrants to Lender that:

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

  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

  • Concentration Account Concentration Account" has the meaning set forth in Section 2.3.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

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