Banking Accounts. The Sub-Administrator may open and maintain a separate bank account or accounts in the name of the Fund, subject only to draft or order by the Sub-Administrator acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund. Monies held by the Sub-Administrator for the Fund may be deposited by it to its credit as Sub-Administrator in the banking department of the Sub-Administrator or its affiliates or in such other banks or trust companies as it may in its discretion deem necessary or desirable; provided, however, that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by the Fund. Such funds shall be deposited by the Sub-Administrator in its capacity as Sub-Administrator and shall be withdrawable by the Sub-Administrator only in that capacity.
Banking Accounts. The Borrower shall maintain all of its banking accounts with the Bank except that the Borrower may maintain its payroll account no. 124599 and its health claims account no. 126332 with Pioneer National Bank, Ladysmith, Wisconsin so long as such bank has entered into a deposit account control agreement with the Bank.
Banking Accounts. The Borrower shall maintain all of its primary deposit accounts with UMB or any of its affiliates. UMB or its affiliates, as the case may be, will in accordance with its or their Account Analysis procedures give credit to the Borrower and its Subsidiaries for their account balances, to the extent thereof, against charges for banking services provided to the Borrower and its Subsidiaries; provided, however, to the extent such account balances are insufficient to generate sufficient credits during any calendar quarter to offset all charges for banking services provided during such quarter the Borrower agrees to pay to UMB or its affiliates, as the case may be, upon notice thereof the difference between the total charges for banking services during such quarter and the amount of account balance credits applied thereto.
Banking Accounts. Section 3.22 of the Disclosure Schedules sets forth a true and complete list of the names and locations of all banks and other financial institutions at which any of the Transferred Entities has an account, indicating for each such account the account number.
Banking Accounts. Do you have any joint banking accounts? If so, we need the following:
Banking Accounts. Borrower shall establish and maintain its corporate operating banking account with the Bank and shall establish such control and administrative devices with respect to such account as the Bank may reasonably request. Such account shall be used by Borrower for depositing all payments and other revenues received under any of the Franchise Agreements.
Banking Accounts. The Administrator shall open and maintain a separate deposit account or accounts in the United States in the name of the Trust, subject only to draft or order by the Administrator acting pursuant to the terms of this Agreement. The Administrator shall credit to the deposit account or accounts, subject to the provisions hereof, all cash received by the Administrator from or for the account of the Trust. Funds held by the Administrator for the Trust may be deposited by the Administrator to its credit as Administrator in the banking department of the Administrator or in such other banks or trust companies as it may in its discretion deem necessary or desirable. The funds shall be deposited by the Administrator in its capacity as Administrator and shall be withdrawable by the Administrator only in that capacity. State Street: Limited Access
Banking Accounts. The Treasurer currently administers over 20 separate accounts, in addition to the servicing bank account. The collected balances on all depository accounts will be included in the monthly collected balance for our servicing account. All collected balances will be applied to our earnings credit. Any unused credits shall carry forward to future analysis billing cycles. If hard dollar charges are issued in any application, those charges must be identified to the Treasurer’s Office at no cost. The Treasurer’s Office will verify the bank charges. Any discrepancies will be resolved with the bank prior to submitting payment. Navajo County currently utilizes compensating balances to pay for the majority of its services. Indicate in your RFP how earnings credits are calculated. If hard dollar charges are issued in any application, those charges must be identified at no cost. The County would like the credits to accumulate monthly but the debits to settle monthly.
Banking Accounts. During the term of the Loan, each Borrower shall maintain its primary depository account and cash management account relationship with Lender.
Banking Accounts. The Borrower shall at all times maintain its primary depository, investment and other accounts with the Bank. In addition, the Borrower shall establish and maintain an interest bearing depository account of the Borrower opened with the Bank in the minimum amount of $1,000,000 as a reserve for future debt service payments on the Term Loan until the Debt Service Coverage Ratio exceeds 2.0 to 1.0 for two consecutive fiscal years (the “Payment Reserve Account”).
15. The Loan Agreement is hereby amended further by deleting Section 5.14 in its entirety and substituting in lieu thereof the following:
