Daily Deposits Sample Clauses

Daily Deposits. Notwithstanding the foregoing, the Servicer need -------------- not make daily deposits of Collections into the Collection Account at any time when the requirements of the third paragraph of subsection 4.03(a) of the Agreement are satisfied.
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Daily Deposits. The Servicer is required to make deposits into the Collection Account on a daily basis pursuant to Section 3.02 (b) and not monthly pursuant to Section 3.02(a) as of the date hereof and shall continue to be so obligated until such date (if any) on which the Servicer by Servicer Notice certifies to the Trustee that the conditions precedent to the applicability of Section 3.02(a) have been satisfied. For so long as the Servicer is so obligated to make deposits on a daily basis, not later than 3:00 p.m. (New York time) on the first Business Day of each week, commencing in the week following the initial Lease Purchase Date, the Servicer will deliver to the Company and the Trustee a written statement verifying the amount delivered by the Servicer from the Lock Box Account to the Trustee for deposit into the Collection Account on each Business Day during the preceding week.
Sample 1
Daily Deposits. (a) Subject to Section 6.5(b), the State's Daily Payment for each Casino Gaming Day shall be deposited by wire or electronically directly into the Louisiana Casino Revenue Account, or such other account designated by the State by and through the Gaming Board, by 5:00 p.m. Central Standard Time (or Central Daylight Savings Time when in effect in Louisiana) of the next Business Day following the close of that Casino Gaming Day (unless the Gaming Board directs a different method). For example, the State's Daily Payment for the Casino Gaming Day ending 6:00 a.m. on Thursday, June 11, 1998 shall be deposited in the Louisiana Casino Revenue Account by 5:00p.m. on Friday, June 12, 1998.
Sample 1
Daily Deposits. 37 SECTION 3.05. Reserve Account................................................................... 37 SECTION 3.06. Payahead Account ................................................................. 37 SECTION 3.07. Collection Account ............................................................... 38 SECTION 3.08. Contract Purchase Account ........................................................ 40 SECTION 3.09. Reports, Notices of Certain Payments ............................................. 41 SECTION 3.10. Trustee May Rely on Certain Information .......................................... 41
Sample 1
Daily Deposits. The Daily Payment for each non-Business Day shall be carried forward without interest and paid on the next Business Day. The Casino Operator shall be entitled to setoff against any Daily Payment to be paid directly into the Louisiana Casino Revenue Account, the amount of any Directed Payment actually paid to the Parish of Orleans and/or to the Compulsive and Problem Gaming Fund pursuant to Section 6.5(b)
Sample 1
Daily Deposits. (d) Section 6.5 of the Amended COC is amended by deleting same in its entirety and substituting the following in its place and stead:
Sample 1
Daily Deposits. For each date that is not a legal bank holiday, NFS will make deposits of cash, checks and money orders received in Client's name to an account maintained by Client at a bank chosen by Client in Pennsylvania (the "Bank"). The Client, at its option, may choose a bank outside of Pennsylvania (also defined as a "Bank"), and if the Client so chooses such Bank, then NFS will send by Federal Express each day all funds received on such day, together with a deposit slip to such Bank using Client's Federal Express account number and will send by facsimile to Client a copy of such deposit slip. Furthermore, NFS will provide a daily deposit report to Client each day that is not a legal bank holiday.
Sample 1
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Daily Deposits. 59 6.6. Casino Operator's Right to Grant Security Interest...................................................60 6.7.
Sample 1
Daily Deposits. The Daily Payment for each non-Business Day shall be carried forward without interest and paid on the next Business Day. The Casino Operator shall be entitled to a set-off against any Daily Payment due in an amount equal to the Payment Credit. The Casino Operator shall also be entitled to offset against each Daily Payment due during the second Full Fiscal Year a per diem amount equal to Four Million Eight Hundred Twelve Thousand Four Hundred Forty Seven Dollars ($4,812,447) divided by the number of days in such second Full Fiscal Year as a credit for the overpayment of funds previously paid by the Casino Operator to the LEDGC. Except as provided hereinabove in this Section 6.3(a) "Amount and Payment of Daily Payment," there shall be no abatement in, any right of offset, setoff, or recoupment of, or any right to withhold or fail to pay the Daily Payment as required in Section 6.5 - "Daily Deposits."
Sample 1

Related to Daily Deposits

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

  • Security Deposits Borrower is in compliance in all material respects with all Legal Requirements relating to security deposits.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Mandatory Deposits The following funds must be deposited into each respective Custodial T&I Account:

  • Cash Deposits During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust shall be liable as principal for any overdrafts occurring in any cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

  • Net Deposits As an administrative convenience, unless the Servicer is required to remit collections within two Business Days of the Posted Date, the Servicer will be permitted to make the deposit of collections net of distributions, if any, to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

  • Initial Reserve Account Deposit On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Reserve Balance into the Reserve Account from the net proceeds of the sale of the Notes.

  • Escrow Deposits All escrow deposits and escrow payments currently required to be escrowed with the Mortgagee pursuant to each Mortgage Loan (including capital improvements and environmental remediation reserves) are in the possession, or under the control, of the Mortgage Loan Seller or its servicer, and there are no delinquencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to the Depositor or its servicer (or, in the case of a Non-Serviced Mortgage Loan, to the related depositor under the Non-Serviced PSA or Non-Serviced Master Servicer for the related Non-Serviced Trust).

  • Tenant Deposits All tenant and licensee security deposits collected and not applied by Seller (and interest thereon if required by law or contract) shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller's obligations related to tenant and licensee security deposits, but only to the extent they are credited or transferred to Purchaser.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

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