Common use of Bank Accounts and Reserve Funds Clause in Contracts

Bank Accounts and Reserve Funds. Company shall be responsible to fund and maintain bank accounts and reserve funds, as described herein in order to facilitate the arrangements contemplated by this Agreement, at all times during the term of this Agreement. 5.7.1 The Operating Account, Reserve Accounts, and Third Party Payment Account (each as defined below) will each be maintained at WFB’s office located at 000 Xxxxxxxxxx Xxxxxx, San Francisco, or such other office of WFB as Company and WFB may from time to time agree. Each such account will be an account maintained in the name of WFB FBO Company. The Operating Account and Reserve Accounts shall be a non-interest bearing account but will earn “earnings credits” as provided in Schedule 7.1. Xxxxx Fargo will provide Company with timely notice of any changes instituted to the formula and rate provided in this Section 5.7.1.

Bank Accounts and Reserve Funds. Company shall be responsible to fund and maintain bank accounts and reserve funds, as described herein in order to facilitate the arrangements contemplated by this Agreement, at all times during the term of this Agreement. 5.7.1 The Operating Settlement Account, Merchant Reserve AccountsAccount, and Third Party Payment Account (each as defined below) will each be maintained at WFB’s 's office located at 000 Xxxxxxxxxx Xxxxxx, San Francisco, or such other office of WFB as Company and WFB may from time to time agree. Each such account will be an account maintained in the name of WFB FBO Company. The Operating Settlement Account and Reserve Accounts shall be a non-interest bearing account but will earn “earnings credits” as provided in Schedule 7.1. Xxxxx Fargo WFB will provide Company with timely notice of any changes instituted to the formula and rate provided in this Section 5.7.1.

Bank Accounts and Reserve Funds. Company shall be responsible to fund and maintain bank accounts and reserve funds, as described herein in order to facilitate the arrangements contemplated by this Agreement, at all times during the term of this Agreement. 5.7.1 The Operating Settlement Account, Merchant Reserve AccountsAccount, and Third Party Payment Account (each as defined below) will each be maintained at WFB’s 's office located at 000 400 Xxxxxxxxxx Xxxxxx, San Francisco, or such other office of WFB as Company and WFB may from time to time agree. Each such account will be an account maintained in the name of WFB FBO Company. The Operating Settlement Account and Reserve Accounts shall be a non-interest bearing account but will earn “earnings credits” as provided in Schedule 7.1. Xxxxx Fargo WFB will provide Company with timely notice of any changes instituted to the formula and rate provided in this Section 5.7.1.