Bank Deposits. All cash held by the Manager for the account of the Authority and all cash collected by the Manager for the account of the Authority after the Closing Date shall be deposited on each business day in bank accounts in such bank as the Authority may direct and upon such terms and conditions as may be specified by the Authority.
Appears in 2 contracts
Samples: Management Services Agreement (Long Island Lighting Co), Merger Agreement (Long Island Lighting Co)
Bank Deposits. All cash held by the Energy Manager for the account of the Authority and all cash collected by the Energy Manager for the account of the Authority after the Closing Date shall be deposited on each business day Business Day in bank accounts in such bank or banks as the Authority may direct and upon such terms and conditions as may be specified by the Authority.
Appears in 1 contract
Bank Deposits. All cash held by the Energy Manager for the account of the Authority and all cash collected by the Energy Manager for the account of the Authority after the Closing Date shall be deposited on each business day Business Day in bank accounts in such bank or banks as the Authority .Authority may direct and upon such terms and conditions as may be specified by the Authority.
Appears in 1 contract
Samples: Energy Management Agreement (Long Island Lighting Co)
