Association Operating Funds Sample Clauses

Association Operating Funds. Company shall establish and maintain, in a bank or savings institution of Company’s choice, one or more separate trust accounts in the name of Association. Said deposits shall be insured by the Federal Deposit Insurance Corporation or equivalent, and shall contain only Association trust funds collected on behalf of Association. Company shall have the authority to draw on these accounts for any payments which Company must make to discharge any liabilities or obligations incurred pursuant to the terms of this Agreement, including payment of Company’s fees. Any service fees charged for banking services or account maintenance by the financial institution shall be the responsibility of the Association and shall be a charge against Association’s operating and/or money market accounts.
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Related to Association Operating Funds

  • Association Assessments Current regular Association assessments and dues (Association Assessments) paid in 578 advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred 579 maintenance by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. 580 Buyer acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. 581 Any special assessment assessed prior to Closing Date (§ 3) by the Association will be the obligation of Buyer Seller. 582 Except however, any special assessment by the Association for improvements that have been installed as of the date of Buyer’s 583 signature hereon, whether assessed prior to or after Closing, will be the obligation of Seller. Seller represents that the Association 584 Assessments are currently payable at approximately $ per and that there are no unpaid regular 585 or special assessments against the Property except the current regular assessments and . Such 586 assessments are subject to change as provided in the Governing Documents. Seller agrees to promptly request the Association to 587 deliver to Buyer before Closing Date (§ 3) a current Status Letter.

  • Association Interview The Association will be allowed to interview newly employed nurses during the Hospital’s general orientation and, when possible, be notified of the date for the interview at least two (2) weeks in advance.

  • Association Activities The parties agree employees shall have the right to form, join, and participate in the lawful activities of the Association for the purpose of representation in matters of employment relations. No employee shall be interfered with, restrained, coerced, or discriminated against because of the exercise of such rights.

  • Association Access Employees shall have the right at any time to have the assistance of a paid representative of the Association on all matters related to employee and Employer relations. The paid representative of the Association shall have access to the Employer's premises in order to provide the required assistance. Employees involved in such discussions or investigations of grievances shall not absent themselves from their work, except with the permission from their supervisor and such permission will not be unreasonably withheld.

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year.

  • Association Days The Association shall be provided a total of twenty-two (22) days during the school year of released time to conduct Association business with a maximum of seven (7) used on any given day. Requests for Association days shall be made in writing and, when at all possible, at least three (3) days prior to such leave and shall be submitted to the Superintendent or his/her designee. The Association shall assume any expense incurred by the hiring of a substitute teacher.

  • Association Dues 5.01 In every pay period, the Board shall deduct from every pay of each Occasional Teacher the appropriate amount of dues as authorized by the Constitution of the Association and directed by its Executive.

  • Professional Development Fund A budget item equal to one-half (½) of one (1) percent of employees' salaries shall be set aside annually to be used to:

  • Association Representatives Authorized representatives of the Association shall be permitted to transact Association business on and with school property at all reasonable times provided that such activities shall not interfere with normal school operations.

  • Association Business Duly authorized representatives of the Association shall be permitted to transact official Association business on school property at all reasonable times provided that such activities shall not interfere with normal school operations.

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