Deposits and Disbursements. All Trust Funds not invested shall be deposited by the Trustees in such depository or depositories as the Trustees shall from time to time select, and any such deposit or deposits, or disbursements therefrom, shall be made in the name of the Trust in the manner designated by the Trustees and upon the signature(s) of persons designated and authorized by the Trustees or by the Investment Manager(s) appointed in accordance with Section 5.3(b)(2) of this Article.
Deposits and Disbursements. The Manager shall cause the establishment of bank accounts in the name of the Owner and shall establish and be responsible for administrating a policy for specifying the identity of signatories to such bank accounts. The Manager shall deposit or cause to be deposited in the Owner's bank accounts all receipts and monies arising from the operations of the Hotels or otherwise received for and on behalf of the Owner. The Manager shall be responsible for the disbursement of the Owner's funds in payment of all expenses incurred in connection with the operations of the Hotels.
Deposits and Disbursements. WTMI shall establish bank accounts in the name of the Partnership and shall deposit or cause personnel engaged on behalf of the Partnership to deposit therein all receipts and monies arising from the operation of the Property or otherwise received for and on behalf of the Partnership. WTMI shall disburse Partnership funds from said accounts on behalf and in the name of the Partnership in such amounts and at such times as disbursement of such revenues for payment of payroll, or employee leasing expense, and other obligations of the Partnership is required.
Deposits and Disbursements. The Manager shall cause the establishment of bank accounts in the name of the Owner and shall establish and be responsible for administrating a policy for specifying the identity of signatories to such bank accounts. The Manager shall deposit or cause to be deposited in the Owner’s bank accounts all receipts and monies arising from the operations of the Hotels or otherwise received for an on behalf of the Owner. The Manager shall be responsible for the disbursement of the Owner’s funds in payment of all expenses incurred in connection with the operations of the Hotels. Notwithstanding the above, the parties agree that Manager may hold and invest Owner’s monies in accounts held in Manager’s name, for the benefit of Owner.
Deposits and Disbursements. CSM shall cause the establishment of bank accounts insured by the Federal Deposit Insurance Corporation in the name of the Partnership and shall deposit therein all receipts and monies arising from the operation of the Properties or otherwise received for and on behalf of the Partnership. CSM shall disburse Partnership funds from said accounts on behalf of, in the name of and for the account of the Partnership in such amounts and at such time as disbursement of such revenues for payment of payroll and other obligations of the Partnership is required. CSM shall establish and be responsible for administering a policy for specifying the identity of signatories to the Partnership's bank accounts and establishing the number of signatures required for checks of various amounts. Expenses for deposits and disbursements shall be borne by the Partnership.
Deposits and Disbursements. 4 (a) Claims for Indemnification................................. 4 (b) Amendments................................................. 6 (c) Notices.................................................... 6 (d) Blank Stock Powers; Transfer Agent......................... 6 (e) Disbursements to the Xxxxxxxxxx Partie..................... 6 (f) Confirmation............................................... 6 (g) Substitution............................................... 7 Section 5. Automatic Release.............................................. 7 (a) Scheduled Release.......................................... 7 (b)
Deposits and Disbursements. All funds collected by the Servicer in connection with the Insurance Policies during the Transition Period shall be promptly deposited in the appropriate accounts as the Servicer receives said funds. The Servicer shall furnish on a daily basis to the Company a list of such amounts deposited in the Company's accounts and a list of checks issued from any of the Company's accounts.
Deposits and Disbursements. All funds and appropriations paid to the Council shall be deposited to a special account(s) in a depository approved by the Washington State Treasurer. Expenses and lawful claims against the Council shall be disbursed based upon claims listings approved by the Council or Executive Committee and signed by one Council officer and the Executive Director.
Deposits and Disbursements. PSI shall cause the establishment of bank accounts in the name of Owner and Owner's employees shall deposit in such bank accounts all receipts and monies arising from the operation of the Properties or otherwise received for and on behalf of Owner. Interest income from such funds of Owner shall not be deemed income from the Properties for purposes of computing the fee payable hereunder. PSI shall not commingle any of the above-described revenues with any other funds. PSI shall disburse Owner's funds from said accounts on behalf of Owner in such amounts and at such times as disbursement of such revenues for payment of expenses is required in accordance with this Agreement. Funds of Owner in excess of those required for the operation and maintenance of the Properties in accordance with this Agreement during the term hereof shall be distributed to Owner monthly concurrently with the report required by Section 2(g) hereof.
Deposits and Disbursements. Moto shall cause the establishment of bank accounts in the name of NPL and shall deposit or cause personnel engaged by or on behalf of NPL to deposit therein all receipts and monies arising from the operation of the Properties or otherwise received for and on behalf of NPL. Moto shall disburse NPL funds from said accounts on behalf and in the name of NPL in such amounts and at such times as disbursement of such revenues for payment of payroll and other obligations of NPL as required. Moto shall establish and be responsible for administering a policy for specifying the identity of signatories to the NPL bank accounts and establishing the number of signatories required for checks of various amounts. Moto shall have discretion over making temporary investment of NPL funds, for the account and benefit of NPL. Moto shall advance funds, if needed , to NPL for temporary working capital needs as may be required by NPL, but in no event shall the outstanding advances exceed $50,000 and such advances shall be repaid from the first sums available, and Moto shall have the discretion to make repayments. NPL will pay Moto interest on the amounts outstanding from time to time at the prime rate of the First National Bank of Dayton, Ohio.
