Development Account. (i) The Borrower shall establish an account (the “Development Account”) with a depository, which is insured by the Federal Deposit Insurance Corporation (“FDIC”) or by a successor in interest to FDIC into which all Gross Income of the Development shall be deposited when received. The Borrower or any person receiving funds and tenant security deposits of the Development other than as permitted by this Agreement shall immediately deposit such funds in the Development Account and failing to do so shall hold such funds in trust for the Development. Subject to the rights of the First Lien Lender, the Borrower or any person receiving any property of the Development in violation of this Agreement shall immediately deliver such property to the Agency, and failing to do so shall hold such property in trust for the Development. Reserves, deposits, rents, charges, fees and any other deposits and/or income of the Development as used herein shall also include, without limitation, such income derived from commercial facilities of the Development, if any.
Development Account. The Developer will:
Development Account. Subject to the terms and conditions of this Agreement and any additional terms of service which will be mutually agreed to by NetSuite and NetFlex Partner following execution of this Agreement, NetSuite grants NetFlex Partner during the term of this Agreement a worldwide, non-exclusive, non-transferable and terminable license (terminable solely in accordance with the express terms of this Agreement) to use and display content for one (1) demonstration account of the NetSuite Application solely for demonstration purposes in order to promote and sell the Certified Partner Application to prospective Customers, provided such use is for internal business use only and shall not include service bureau use, outsourcing, renting or time-sharing the NetSuite Application. The rights granted to NetFlex Partner in this Section 2.2 are provided on the condition that NetFlex Partner does not (and does not allow any third party to) copy, modify, create a derivative work of, reverse engineer, reverse assemble, disassemble or decompile any NetSuite software or any part of the NetSuite Application, or otherwise attempt to discover any source code, modify the NetSuite Application or use unauthorized modified versions of the NetSuite Application, including (without limitation) for the purpose of building a similar or competitive product or service or for the purpose of obtaining unauthorized access to the NetSuite Application. Except as provided in this Agreement, the license granted in this Section 2.2 to NetFlex Partner does not convey any rights in the NetSuite Application, express or implied, or ownership in the NetSuite Application or any intellectual property rights thereto. Any rights not expressly granted herein are reserved by NetSuite.
Development Account. 1.1 The Tenant is to operate and maintain the Development Account until the later of Valuation Date and the date on which the final account is produced under the Building Contract.
Development Account. A one-time allowance for each full-time teacher employed by the Board in the 2004-2005 school year shall be provided in an amount as determined by the Ministry of Education. The allowance shall be used for expenses incurred between September 1, 2004 and August 31, 2006 for such items as computers, software, peripherals, professional material and courses (it being understood that some such purchases may constitute taxable benefits). The Parties shall jointly establish reimbursement procedures. Teachers teaching less than full-time shall receive a prorated portion of the allowance. Any monies not expended from the fund on August 31, 2006 shall be allocated to the Professional Development Account outlined in Article 32 of the Collective Agreement. If any aspect of this Letter of Understanding is in conflict with a direction or guideline from the Ministry of Education concerning the Teachers Development Account, the parties shall meet to discuss and resolve the matter. Dated at Dryden, Ontario this day of 2005 FOR THE BOARD FOR THE LOCAL APPENDIX D LETTER OF UNDERSTANDING - between - Keewatin Xxxxxxxx Teacher Local (hereinafter called the ‘Local’) -and - Keewatin Xxxxxxxx District School Board (hereinafter called the ‘Employer’)
Development Account. Funds in the Development Account shall be disbursed at the written direction of the Administrative Lender as follows in the following order provided that no Credit Agreement Default or Credit Agreement Event of Default shall exist: “3.9.3.1 Upon receipt of proceeds from the Cash Grant, $3,785,165 to the Construction Account; for use by Xxxxx for items listed in the Completion Plan;”
Development Account. Funds in the Development Account shall be disbursed at the written direction of the Administrative Lender as follows in the following order provided that no Credit Agreement Default or Credit Agreement Event of Default (other than a Specified Default, as such term is defined in the Credit Agreement (a “Specified Default”)) shall exist and no Forbearance Termination Event (as defined in the Amendment, Consent and Forbearance Agreement, dated as of July 9, 2010, by and among the Company, Xxxxx, the Administrative Lender and the Financing Parties (a “Forbearance Termination Event”)) shall have occurred:
Development Account. No later than 1:00 p.m. on the date specified in each Notice of Borrowing, if the applicable conditions precedent listed in Article 3
Development Account. Within fifteen (15) days of the Effective Date, Kythera shall establish two segregated accounts (denominated respectively in Euro and Dollars) at XX Xxxxxx Xxxxx Bank, or such other bank as the Parties agree (the “Development Account”) solely for the purpose of disbursing funds [*] in the Field in the BCC Territory. Subject to Section 10.5(b), Kythera shall be the sole owner (in name and beneficially) of the Development Account and only Kythera shall exclusively control and be authorized to disburse or direct the disbursement of funds or otherwise write checks under the Development Account against invoices [*] for work under the Project Plan. At its discretion, Kythera may convert Euro into Dollars to be held and disbursed under Section 4.1(a)(i)-(iv).
Development Account. Provided that Developer at all times complies with the terms and conditions of this Agreement and subject to the restrictions set forth in Section 2.3, Oracle grants to Developer a worldwide, non-exclusive, nontransferable, non-sublicenseable, limited license to access and use one (1) development account for up to five (5) Authorized Employees for such account to access and use the Service solely to develop or modify the Developer Application or Developer Connector to interoperate with the Service. Developer will have no right to use the Service under this Agreement for any other purpose. Notwithstanding anything to the contrary set forth herein, the development account provisioned in accordance with this Section 2.1 shall automatically expire after ninety (90) consecutive days of non-use, and this Agreement shall accordingly terminate at such time.
