Common use of Cash Holdback Distribution Clause in Contracts

Cash Holdback Distribution. Intermediary is instructed to cover all expenses of the Investors, including general and service expenses and other billable expenses from the Cash Holdback. Any amounts owing to the Intermediary over and above the expenses already covered will be billed to the Cash Holdback. Any amounts not expensed shall be returned to the Cash Account.

Appears in 4 contracts

Samples: Account Management Agreement (Omega Commercial Finance Corp), Account Management Agreement (Aclor International, Inc.), Account Management Agreement (Aclor International, Inc.)

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Cash Holdback Distribution. Intermediary is instructed to cover all expenses of the Investors, including general and service expenses and other billable expenses from the Cash Holdback. Any amounts owing to the Intermediary over and above the expenses already covered will be billed to the Cash Holdback. Any amounts not expensed shall be returned to the Cash AccountCompany Account within 90 days of the end of the quarter.

Appears in 1 contract

Samples: Account Management Agreement (Spotlight Innovation, Inc.)

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