Control of Funds. The Investor represents that the funds provided for this investment are the separate property of the Investor or are otherwise funds as to which the Investor has the sole right of management.
Control of Funds. Grantee understands that, in compliance with applicable laws, Grantor retains full legal ownership of, and discretion and control over, funds contributed to Grantor for the purposes of the Project and placed in the restricted fund, until such funds are granted or spent in accordance with this Agreement. With respect to the selection of Grantee or any other grantee to carry out the purposes of the Project, Grantor retains full discretion and control over the selection process, completely independent of any funder or revenue source. Grantor retains the unilateral power, without approval from any funding source, from Grantee, or from any other interested party, to redirect use of funds received for purposes of the Project away from Grantee to another beneficiary capable of fulfilling the purposes of the Project. However, Grantor holds the restricted fund in charitable trust under the laws of the State of New York, so that uses of the fund are limited to the Project's purposes. It is the intent of the parties that this Agreement be interpreted to provide Grantor with variance powers necessary to enable Grantor to treat the restricted fund as Grantor's asset in accordance with Accounting Standards Codification (ASC) paragraphs ASC 000-000-00-00 and -26, formerly expressed in Statement No. 136 issued by the Financial Accounting Standards Board (FASB).
Control of Funds. The Purchaser represents that the funds provided for this investment are the property of the Purchaser or are otherwise funds as to which the Purchaser has the sole right of management.
Control of Funds. Each contribution in the control or custody of CONTRACTOR shall, in its entirety and within five working days of its receipt:
Control of Funds. Each contribution in the control or custody of ABC shall, in its entirety and within five working days of its receipt:
Control of Funds. The COUNCIL shall make annual reports to the City of Rapid City Public Works Director as to the operations of the Rapid Transit System, including but not limited to, revenue generated, miles driven, passengers transported, fuel records, cost per mile for transit service and days of operation for each month.
Control of Funds. Your money will remain under the control of the FICA Custodian. Funds in your FICA Account may only be deposited with Depository Banks by the FICA Custodian at the direction of StoneCastle or withdrawn from your FICA Account by you at your direction. The only amounts that will be otherwise withdrawn from your FICA Account are the FICA Fee (as defined below) and other administrative fees and expenses as described in the FICA Account Custody Agreement of which these Terms and Conditions are a part (together, the “Custody Agreement”).
Control of Funds. Each contribution in the control or custody of ABC shall, in its entirety and within five days of its receipt, be deposited in an account at a bank or other federally insured financial institution which shall be in the name of NP. NP shall maintain and administer the account and shall have sole control of all withdrawals. [For fundraising counsel substitute: It is understood that funds belonging to NP shall at no time be in the custody of ABC.]
Control of Funds. Customer’s funds for the payment of payroll taxes hereunder are administered through irrevocable trust account(s) with third-party banks and/or financial institutions not controlled or managed by Patriot. Patriot is only a third-party sender/administrator and never receives, controls, or directly transfers your funds. All fund transfers for the payment of payroll taxes hereunder by Customer are solely at Customer discretion and control. Any such payroll and payroll tax transfers are made by Customer and in Customer’s name, and for Customers benefit.
Control of Funds. Pending their disbursement as described in this Agreement, all funds of the School shall be maintained in School Accounts, over which the Board or employees of the School designated by the Board shall have signature authority (such authority for expenditures being limited to expenditures within the Budget), together with any designees of KASC in accordance with this Agreement, to allow payment of contemplated expenses and fees out of School Accounts. The School (or KASC, if requested to by the School or as expressly permitted hereunder, and agreed to by KASC) shall disburse such funds out of School Accounts in the manner described in this Agreement except to the extent that any of such funds represent restricted gifts to the School, in which event the funds shall be dispersed in accordance with the applicable restrictions. The Parties shall promulgate specific procedures and guidelines to further implement the creation, handling and investment of the funds and the School Accounts described in this section, subject to approval by the Board.
