Common use of Banking and Accounting Clause in Contracts

Banking and Accounting. The Town shall deposit the Deposit in a separate checking account for developer funds in its bank and shall separately account for the funds. The Town shall disburse monies from the deposited funds in payment of the Town’s expenses related to the Application. Within ten (10) days of a written request by Applicant, the Town shall provide an accounting to Applicant of the funds disbursed.

Appears in 4 contracts

Samples: Reimbursement Agreement, Reimbursement Agreement, Reimbursement Agreement

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