Deposits and Expenditures Sample Clauses

Deposits and Expenditures. All funds of the CISC shall be deposited to the credit of the CISC in an interest bearing account. No payments or withdrawals of such funds in an amount over five hundred dollars ($500) shall be allowed without prior approval of the Board and the written authorization of two (2) Directors. Payments or withdrawals of such funds in amounts up to and including five hundred dollars ($500) may be authorized by the Manager.
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Deposits and Expenditures. 11 3.10 Group Services and Other Services - Operating Period....12 3.11
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Deposits and Expenditures. All C-MATT funds will be managed by the Agency of Record through its financial management system to allow for separate financial reporting and accurate accountability of all such funds. The C-MATT Commander will have control over a separate fund, which will not exceed $10,000, to be used to support C-MATT undercover operations.
Sample 1
Deposits and Expenditures. Except for funds in amounts deemed proper by the Owner to be maintained in house banks or xxxxx cash funds at the Hotels, the Manager shall deposit in the Bank Accounts all funds furnished by Owner as working capital for the Hotels and all funds received from the operation of the Hotels. In accordance with the Hotel Budgets, the Manager shall pay from the Bank Accounts on behalf of Owner such amounts and at such times as are required for the operation and management of such Hotels and related facilities pursuant to this agreement, including without limitation, all Compensation and expenses of the Hotels' employees, all costs and expenditures which the Manager is permitted or required to make pursuant to this agreement and all fees, charges, reimbursements, indemnifications or other amounts due the Manager or its Affiliates under this agreement. When there are funds in a Bank Account in excess of those required for (a) working capital of the Hotels under Section 3.7, (b) the costs and expenses of operating and managing the Hotels (including without limitation payments of all Impositions and all amounts for interest, principal or otherwise due on all indebtedness in respect of the Hotels) and making Capital Improvements, (c) amounts to be paid into the Reserve, and (d) payment of all fees, charges, reimbursements, indemnifications or other amounts due the Manager under this agreement, the Manager shall transfer at the request of Owner, and in any event not less than quarterly, such excess funds from the Bank Accounts to an account or accounts maintained solely by Owner (collectively the "OWNER'S BANK ACCOUNT") and, with respect to all funds maintained by the Manager, the Manager shall invest such funds to the extent reasonably practical, in deposits with or debt securities guaranteed by a Canadian chartered bank or a trust company registered under the laws of Canada or a province thereof whose debt securities are rated by the Canadian Bond Rating Service as at least "A" or by the Dominion Bond Rating Service as at least "AA", securities issued or guaranteed by the government of Canada or a province or territory of Canada, and units of publicly traded money market mutual funds, provided that such amounts invested are not subject to any acquisition or redemption charge. Upon the termination of this agreement and the payment to the Manager and its wholly- owned Affiliates of all amounts due them under this or any other agreement with Owner, all amounts remainin...
Sample 1

Related to Deposits and Expenditures

  • Revenues and Expenses (a) Except to the extent otherwise taken into account in connection with adjustments to the Closing Cash Consideration under Article III, Seller shall remain entitled to all of the rights of ownership (including, without limitation, the right to all production, proceeds of production and other proceeds) and shall remain responsible for all Operating Expenses (and entitled to any refunds with respect thereto), in each case attributable to the Conveyed Interests for the period of time prior to the Effective Time. Except to the extent otherwise taken into account in connection with adjustments to the Closing Cash Consideration under Article III, or as otherwise provided in the last sentence of this Section, and subject to the occurrence of the Closing, Buyer shall be entitled to all of the rights of ownership (including, without limitation, the right to all production, proceeds of production, and other proceeds), and shall be responsible for all Operating Expenses (and entitled to any refunds with respect thereto), in each case, attributable to the Conveyed Interests for the period of time from and after the Effective Time. All Operating Expenses attributable to the Conveyed Interests, in each case that are: (i) incurred with respect to operations conducted or production prior to the Effective Time shall be paid by or allocated to Seller and (ii) incurred with respect to operations conducted or production from and after the Effective Time shall be paid by or allocated to Buyer. Notwithstanding the other terms of this Section 2.3, Seller shall remain responsible for all Technical Services Costs (and entitled to any refunds with respect thereto) attributable to the Conveyed Interests for the period of time from and after the Effective Time and prior to the Closing Date, and subject to the terms of the Joint Development Agreement, for any period of time, following the Closing Date, after EOC ceases to serve as “Joint Development Operator” under the Joint Development Agreement or undergoes a change in Control of its ultimate parent entity.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

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