Deposit and Disbursement of Funds. (i) The Manager shall establish and administer the overall rate structure of the Facility and shall supervise the issuance of bills and the collection of accounts as the true and lawful attorney-in-fact for the Owner. The Manager shall take possession of and endorse the name of the Owner on all notes, checks, money orders, insurance payments, and any other instruments received in payment of accounts described below.
Deposit and Disbursement of Funds. (a) The Manager shall establish and administer the overall rate structure of the Facility and shall supervise the issuance of bills and the collection of accounts as the true and lawful attorney-in-fact for the Owner. The Manager shall take possession of and endorse the name of the Owner on all notes, checks, money orders, insurance payments, and any other instruments received in payment of accounts described below.
Deposit and Disbursement of Funds. Manager shall deposit in a banking institution which is a member of the FDIC in accounts in Manager's name, as agent for Owner, all monies arising from the operation of the Facility or otherwise received by Manager for and on behalf of Owner (the "Facility Funds"), and shall disburse and pay the same from said accounts on behalf and in the name of Owner pursuant to the Budget, in the following order of priority, as and when required to be made in connection with:
Deposit and Disbursement of Funds. Manager will deposit all receipts arising from the operation of the Hospital Facilities in such accounts as Manager determines, and will disburse and pay funds on behalf and in the name of the applicable Owner, in such amounts and at such times as the same are required, in each case consistent with Manager’s cash management practices applicable to all of Manager’s Affiliates.
Deposit and Disbursement of Funds. All income or other monies received from the operation of the Community, together with all accounts and all other assets or property generated, created or which shall accrue from the operation fo the Community shall belong to Owner and shall be its property absolutely. Payment of all operating costs, wages, salaries, expenses, and fees incurred or sustained in the operation of the Community is solely the obligation fo Owner, Owner shall designate the depository to be used by Manger in connection with the operation fo the Community. All monies received from the property shall be deposited in a control account accessible only by Owner. A separate account also belonging to Owner bu accessible by Manager shall be used to pay operating expenses. In all events, appropriate accounting safeguards to ensure the integrity of the accounts will be instituted by Owner and complied with by Manager.
Deposit and Disbursement of Funds. 2.17.1 Manager shall open and maintain an Operating Account and such other bank accounts in Physicians Care's name in accordance with requirements of state and federal laws and as authorized by the Board of Directors, shall deposit in such Operating Account all monies received arising from the operation of Physicians Care and shall make disbursements from such Operating Account and other bank accounts on behalf of Physicians Care in such amounts and at such times as the same are required and as directed by the Board of Directors. Signatories and approvals as to amounts on all checks shall be in accordance with the duly adopted policies of the Board of Directors, which policies shall not adversely affect the Manager's ability to perform its duties hereunder.
Deposit and Disbursement of Funds. All revenues from the Operation of the Hotel shall be deposited by Manager in the Bank Accounts. Unless the Parties agree otherwise, Manager shall disburse to Owner each day, as directed by Owner, any funds remaining in the Bank Accounts and the Accounts in excess of the sum of (a) all Operating Costs (including any installments of the Base Management Fee and Incentive Management Fee) then due and unpaid and (b) $10,000,000.
Deposit and Disbursement of Funds. The Manager shall deposit in a banking institution which is a member of the FDIC in accounts in the Manager's name as agent for Owner, all monies arising from the operation of the Business or otherwise received by the Manager for and on behalf of the Owner ("Business Funds"), and shall disburse and pay the same from said accounts on behalf and in the name of Owner in the following order of priority and, in each case, such amounts and at such times as the same are required to be made in connection with:
Deposit and Disbursement of Funds. Manager shall utilize bank accounts designated by Physicians Care, shall deposit in such bank accounts all monies received arising from premium billing on behalf of Physicians Care and shall make disbursements from such accounts on behalf of Physicians Care in such amounts and at such times as the same are required for payment of claims. Signatories and approvals as to amounts on all checks shall be in accordance with the duly adopted policies of Physicians Care's Board of Directors.
Deposit and Disbursement of Funds. All income or other monies received from the operation of the Community, together with all accounts and all other assets or property generated, created or which shall accrue from the operation of the Community shall belong to Operator and shall be its property absolutely. Payment of all operating costs, wages, salaries, expenses, and fees incurred or sustained in the operation of the Community is solely the obligation of Operator. Operator shall designate the depository to be used by Manager in connection with the operation of the Community. All monies received from the property shall be deposited in a control account accessible only by Operator. A separate account also belonging to Operator but accessible by Manager shall be used to pay operating expenses. In all events, appropriate accounting safeguards to ensure the integrity of the accounts will be instituted by Operator and complied with by Manager.
