Common use of Administration of Deposit Clause in Contracts

Administration of Deposit. The Deposit may be placed in the GSA account with other funds for purposes of investment and safekeeping. The Deposit shall not accrue interest. The GSA shall administer the Deposit and use the Deposit to reimburse the GSA for Eligible Expenses. The GSA shall maintain satisfactory accounting records as to the expenditure of the Deposit at all times.

Appears in 6 contracts

Samples: Deposit/Reimbursement Agreement, Deposit/Reimbursement Agreement, Deposit/Reimbursement Agreement

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