Acknowledgement of Deposit. This section of the agreement provides you with the sections that the USPS requires we include in any agreement where we are providing Meter Services. The USPS requires that we use specific language. The “acknowledgement of deposit” terms are as follows:
(a) In connection with your use of a Postage Evidencing System, you may transfer funds to the USPS through a Lockbox Bank for the purpose of prepayment of postage on Postage Evidencing Systems, generating evidence of postage (a “Deposit”), or you may transfer funds to the Bank for deposit into your Reserve Account.
(b) To the extent you deposit funds in advance of the use of any evidence of postage, you may make Deposits in the Lockbox Bank account identified as “United States Postal Service CMRS-PB” or make deposits in your Reserve Account, in either case through electronic means, including Automated Clearinghouse Transfers. The USPS may, at its discretion, designate itself or a successor as recipient of Deposits made by you to the Lockbox Bank account described above.
(c) Any deposit made by you in your Reserve Account is subject to the Reserve Account – Agreement and Disclosure Statement governing your Reserve Account.
(d) Any Deposit made by you in the Lockbox Bank account shall be credited by the USPS only for the payment of evidence of postage. Such Deposits may be commingled with Deposits of other clients. You shall not receive or be entitled to any interest or other income earned on such Deposits.
(e) The USPS will provide a refund to you for the remaining account balances of Deposits held by the USPS. These refunds are provided in accordance with the rules and regulations governing deposit of funds for evidence of postage, published in the CFR.
(f) The Lockbox Bank, which shall collect funds on behalf of the USPS, shall provide PBI, on each business day, information as to the amount of each Deposit made to the USPS by you, so that PBI can update its records.
(g) PBI may deposit funds on your behalf. The USPS will make no advances of funds to you. Any relationship concerning advances of funds is between you and PBI, PBGFS and/or the Bank.
(h) You acknowledge that the terms of this Acknowledgement may be changed, modified, or revoked by the USPS, with appropriate notice.
(i) Postal Regulations governing the deposit of funds are published in the CFR or its successor. You acknowledge that you shall be subject to all applicable rules, regulations, and orders of the USPS, including future changes to suc...
Acknowledgement of Deposit. We hereby acknowledge receipt of a deposit of $ ($ ) to be held in accordance with this Agreement and the Real Estate Services Act:
Acknowledgement of Deposit. Financial Institution and Intercreditor Agent acknowledge the deposit of $354,652,847.54 in the Bank Proceeds Account on the date hereof.
Acknowledgement of Deposit. Securities Intermediary and Secured Party acknowledge the deposit of $[ ] [CONFIRM AMOUNT] in the Company's Funds Account on the date hereof.
Acknowledgement of Deposit. Agent acknowledges receipt of a $200,000 deposit from Borrower that shall be applied to the expenses incurred by Agent and for which Borrower is responsible pursuant to this Section 12.1.
Acknowledgement of Deposit. Securities Intermediary acknowledges the deposit by Pledgor of $20,000,000.00 in the Restricted Deposit Account on the date hereof.
Acknowledgement of Deposit. Securities Intermediary and Secured Party acknowledge the deposit by Pledgor of $[1,000,000] in the HVAC Component Cash Management Account on the date hereof.
(i) Transfers to Pre-
Acknowledgement of Deposit. Securities Intermediary and Secured Party acknowledge the deposit of $185,000,000 in the Disbursement Account on the date hereof.
Acknowledgement of Deposit. Securities Intermediary and Secured Party acknowledge the deposit of $30,000,000 in the Project Liquidity Reserve Account on the date hereof.
Acknowledgement of Deposit. Securities Intermediary and Secured Party acknowledge the deposit of $340,000,000 in the Second Mortgage Notes Proceeds Account on the date hereof.
