Consortium Account Sample Clauses

Consortium Account. A separate Regional CBPRP bank account (the “Consortium Account”) shall be established by the YCPC for the deposit of the Participants’ Annual Contributions and the funds therein shall be used solely for reimbursement for eligible YCPC administrative costs and expenses as set forth herein and the implementation of BMP Projects identified in the Regional Plan. Administration of these funds to pay for proper expenses under this Agreement shall be the responsibility of the Administrator and YCPC, with oversight and at the direction of the Management Committee. Such use of funds shall be for aspects of BMP Project implementation, as approved by the Regional Committee at the Annual Meeting. YCPC will be compensated for its administrative role in an amount not to exceed ten percent (10%) of the Annual Contributions in any one calendar year and only for reimbursable expenses in accordance with the terms of this Agreement.
Sample 1Sample 2Sample 3
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Consortium Account. A separate Regional CBPRP bank account (the “Consortium Account”) shall be established by the YCPC for the deposit of the Participants’ Annual Contributions and the funds therein shall be used solely for the Annual Audit, reimbursement for eligible YCPC administrative costs and expenses, as set forth herein, and the implementation of BMP Projects identified in the Regional Plan. Administration of these funds to pay for proper expenses under this Agreement shall be the responsibility of the Administrator and YCPC, with oversight and at the direction of the Management Committee. Such use of funds shall be for aspects of BMP Project implementation, as approved by the Regional Committee at the Annual Meeting. YCPC will be compensated for its administrative role in an amount not to exceed $35,000 in any one calendar year. YCPC shall also be entitled to reimbursement for direct expenses arising from or related to its administration under this Agreement including, but not limited to, advertising, supplies, solicitor fees, fiscal software changes, and bank fees. YCPC may, if it believes that compensation for its Administrative role is inadequate, seek approval for a reasonable increase, which must be approved by the Regional Committee.
Sample 1

Related to Consortium Account

  • Separate Account If Student-Generated Content is stored or maintained by the Provider, Provider shall, at the request of the LEA, transfer, or provide a mechanism for the LEA to transfer, said Student- Generated Content to a separate account created by the student.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

  • Individual Account An individual account is an account owned by you alone, which you as the account owner use during your lifetime.

  • User Account You must establish and/or maintain a "My Verizon" account at xxxx://xxxxxxx.xxx/myverizon and enable such My Verizon account to license On Demand Content (on a rental or unlimited basis). Your "My Verizon" account will then become an "On Demand Enabled Account."

  • Client Account 4.1 In order to facilitate trading in CFDs, the Company will open a Client Account for the Client, which will be activated upon the Client depositing the minimum initial deposit as determined by the Company in its discretion from time to time. The minimum initial deposit may vary according to the account type of the Client Account. This information is made available on our Website.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Interest Bearing Account If the Province provides Funds before the Recipient’s immediate need for the Funds, the Recipient will place the Funds in an interest bearing account in the name of the Recipient at a Canadian financial institution.

  • Joint Account 16.1 In the event that your Account (or any of them) is maintained jointly for you and one or more other persons (referred to as “Joint Account Holder” for the purpose of this Condition):

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