Receipts and Disbursements. If, after the Closing, Buyer receives any funds relating to operations on or production from the Interests prior to the Effective Time, including, without limitation, any joint interest account credits relating to operations prior to the Effective Time, or Seller receives any funds relating to operations on or production from the Interests after the Effective Time, then the party receiving such funds shall account therefor and pay the same to the other party promptly after receipt thereof. Likewise, if Buyer shall be required to pay any amount relating to items of the Interests which accrued to the owner of the Interests before the Effective Time, or if Seller shall be required to pay any amount (not otherwise prohibited by the terms of this Agreement) relating to items of the Interests which accrued to the owner of the Interests after the Effective Time, then the party making such payment shall invoice the other party for the amount of such payment and the party receiving such invoice promptly shall pay the same. Notwithstanding the foregoing, there shall be no accounting for amounts received or paid which have already been taken into account in calculating the Purchase Price. In determining the amount paid by a party accruing during a period of time in respect of ad valorem taxes, the taxes shall be prorated as provided in Section 7.7.
Receipts and Disbursements. All monies received by Property Manager for or on behalf of Owner in connection with the operation or management of the Project shall be promptly deposited by Property Manager in a bank account or accounts established by Property Manager (collectively, the “Operating Account”). Property Manager shall withdraw and pay from the Operating Account such amounts at such times as the same are required in connection with the management and operation of the Project in accordance with the provisions of this Agreement. All monies in the Operating Account are the property of Owner, to be held by Property Manager in trust for Owner in an account designated as “Agent for Owner” and disbursed in accordance with this Agreement. A separate account for tenant security deposits shall be established if required by applicable law or Owner.
Receipts and Disbursements. If, after the Closing, Buyer receives any funds relating to operations on or production from the Merger-Target prior to the Effective Time, or Seller receives any funds relating to operations on or production from the Merger-Target after the Effective Time, then the party receiving such funds shall account therefor and pay the same to the other party promptly after receipt thereof. Oil produced and in the tanks prior to closing shall be measured by both parties prior to closing and if Seller wishes it picked-up by purchaser shall cause it to be done prior to closing. Otherwise, Buyer will pay the net amount to Seller when payment therefore is received by Buyer following closing.
Receipts and Disbursements. The CRWA will ensure strict accountability for all funds of the organization and will require reports on all receipts and disbursements made to, or on behalf of the CRWA.
Receipts and Disbursements. The CMHTTF will ensure strict accountability for all funds of the organization and will require reports on all receipts and disbursements made to, or on behalf of the Central Minnesota Human Trafficking Task Force. A Fiscal Agent shall be appointed by the Board to ensure these obligations are met in accordance with Article 8 of this Agreement.
Receipts and Disbursements. 12. Adjournment Next regularly scheduled Raleigh County Commission meeting will be held on August 6, 2019 at 10:00 a.m., in the Raleigh County Commission Xxxxxxxx,
Receipts and Disbursements. The Horizon Community Health Board will ensure strict accountability for all funds of the organization and will require reports on all receipts and disbursements made to, or on behalf of Horizon Public Health. In this section and others, lay out the duties, powers, and responsibilities of the board, required by MN Statute § 471.59, subd. 2. In this case, the board’s duties are included in the section establishing the entity’s purpose. The board’s powers are in their own section.
Receipts and Disbursements. The Board will ensure strict accountabilities for all funds of the organization and will require reports on all receipts and disbursements made to, or on behalf of the Arena.
Receipts and Disbursements. The Horizon Community Health Board will ensure strict accountability for all funds of the organization and will require reports on all receipts and disbursements made to, or on behalf of Horizon Public Health.
Receipts and Disbursements. The Tri-County Solid Waste Board will ensure strict accountability for all funds of the organization and will require reports on all receipts and disbursements made to, or on behalf of the Tri-County Solid Waste Board
