Funding of Account Sample Clauses

Funding of Account. Owner agrees to deposit moneys into the Account in the amount and to the extent that Project Revenues are insufficient to pay any operating expenses, including Personnel Compensation, hereunder. Manager shall notify Owner in writing as to the amount of any such insufficiency.
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Funding of Account. 8.2.1 Date on which Allocation Begins The Bank shall allocate to its Restricted Retained Earnings account an amount at least equal to the Regular Contribution Amount beginning on the REFCORP Termination Date. The Bank shall allocate amounts to the Restricted Retained Earnings account only through contributions from its Quarterly Net Income or Adjustments to Prior Net Income occurring on or after the REFCORP Termination Date, but nothing in the Retained Earnings Capital Plan Amendment shall prevent the Bank from allocating a greater percentage of its Quarterly Net Income or positive Adjustment to Prior Net Income to its Restricted Retained Earnings account than the percentages set forth in the Retained Earning Capital Plan Amendment.
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Funding of Account. The Collateral Agent will establish and maintain at its office at 79 South Main Stxxxx, Xxxxxxxxx Xxxxx Xxxxxxxxxt, Salt Lake City, Utah, as blocked accounts in the name of the Collateral Agent and under the sole dominion and control of Collateral Agent, a deposit account designated as the "Snake River Payment Deposit Account" (the "SNAKE RIVER ACCOUNT") and a deposit account designated as the Valhi/Snake Payment Deposit Account (the "VALHI/SNAKE ACCOUNT"). From time to time as contemplated by Section 10.5 of the Note Purchase Agreements, Company may deposit with the Collateral Agent cash and Cash Equivalents to be placed in the Snake River Account and Valhi may deposit with the Collateral Agent to be placed in the Valhi/Snake Account marketable securities, cash and Cash Equivalents so that the Payment Deposit Accounts will at all times remain Fully Funded. The Collateral Agent shall hold such cash and Cash Equivalents and, as to the Valhi/Snake Account, marketable securities in the Payment Deposit Accounts pursuant to the terms hereof. If, as of the last Business Day of each March, June, September and December, Collateral Agent determines that the Payment Deposit Accounts are not Fully Funded, Collateral Agent will promptly notify Company and Valhi of the amount required to cause the Payment Deposit Account to be Fully Funded. Any interest and dividends received in respect of marketable securities and Investments of any amounts held in the Payment Deposit Accounts shall be delivered by Collateral Agent to Company or Valhi (as appropriate) on the last Business Day of each March, June, September and December, provided that such interest and dividends shall be retained in the Payment Deposit Accounts to the extent necessary to keep the Payment Deposit Accounts Fully Funded; provided that Collateral Agent shall not deliver to Company any such interest received in respect of Investments if an Event of Default or Default has occurred and is then continuing. Notwithstanding Section 2(b) above, if no Default or Event of Default shall have occurred and be continuing, then in the event Company shall have repaid (without the exercise by the Required Holders or the Collateral Agent of remedies under the Note Purchase Agreements or the Collateral Documents) an amount in excess of $50,000,000 in principal amount of the Notes, the Collateral Agent will, at the request of Company or Valhi, as applicable, terminate its security interest in the Payment Deposit and the Paym...
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Funding of Account. The APC Discount shall be contingent upon payment via Institutional account. There is no prepayment for this agreement in the RLSC account and no funds to draw from within the RLSC profile.
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Funding of Account. On the Closing of the transactions contemplated by the Purchase Agreement, the Corporation shall deposit into the Expenditures Account three million U.S. dollars (US$3,000,000) which shall constitute the principal amount of the Expenditures Fund contemplated hereby. The Expenditures Fund shall be used only to fund the technical expenditures contemplated in Schedule A hereto and shall only be disbursed in the manner set forth in Section 3.
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Funding of Account. Purchaser shall maintain an Account of no less than $10,750,000 to fund the purchase of the Warrants. Purchaser agrees to fund the Account fully on or before the Effective Date of the Company’s Registration Statement on Form F-1 in connection with the IPO. Other than for purposes of making Warrant purchases, no funds may be withdrawn from the Account prior to the Termination Date. Upon the earlier to occur of 46 days after the Effective Date or upon notification from the Underwriter that the over-allotment option will not be exercised for more than 375,000 Units, the Broker shall return to Purchaser an amount equal to (x) $2.00 multiplied by (y) the difference between 375,000 and the actual number of Warrants issued by the Company upon exercise of the over-allotment option.
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Funding of Account. The Trust shall have credited to the Account prior to the time the Bank must settle for any Securities delivered to the Account for purchase on any settlement day, sufficient immediately available funds to pay for such deliveries. Should the Trust fail to have sufficient immediately available funds in the Account to settle a transaction pursuant to the preceding sentence (a "Deficit"), the Bank may elect in its sole discretion (i) to reject the settlement of the transaction, (ii) to settle the transaction on behalf of the Trust and debit the Account (A) for the amount of such Deficit and (B) for the amount of the funding or other cost or expense incurred or sustained by the Bank for the Trust's failure to have sufficient immediately available funds in the Account by the applicable settlement deadline for the Bank, or (iii) to reverse the posting of the Securities made to the Account. The Bank reserves the right to reverse any erroneous or provisional entries to the Account retroactively to the date upon which the correct entry, or no entry, should have been made. The foregoing rights of the Bank are in addition to and not in limitation of any other rights or remedies available to it under this Agreement or otherwise. No prior action or course of dealing on the part of the Bank with respect to the settlement of Securities transactions on behalf of the Trust shall be used by or give rise to any claim or action by the Trust against the Bank for the Bank's refusal to pay or settle for a Securities transaction the Trust has not timely funded as required herein.
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Funding of Account. (a) Purchaser agrees to fund the Account with at least eleven million five hundred U.S. dollars (US$11,500,000) by depositing a cash amount of twelve billion Korean won (KRW12,000,000,000) and cash-equivalent securities and certificates of deposit equal to seven billion Korean won (KRW7,000,000,000) as set forth in Appendix B (the “Full Commitment”) no later than the Effective Date of the Company’s Registration Statement on Form F-1 in connection with the IPO (the “Effective Date”). Pursuant to Article 44-3 of the Korean Securities and Exchange Act, funds in the Account shall be deposited by Broker with the Korean Securities Finance Corporation (the “KSFC”) clearly identified by Broker as property of Purchaser, pursuant to a trust arrangement under the Korean Trust Act for the purpose of ensuring, among other things, that funds in the Account are protected from creditor claims of either the Broker or the KSFC.
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Funding of Account. Purchaser shall maintain an Account of no less than $10,750,000 to fund the purchase of the Warrants. Purchaser agrees to fund the Account fully within fourteen (14) days following the Effective Date of the Company’s Registration Statement on Form F-1 in connection with the IPO. Other than for purposes of making Warrant purchases, no funds may be withdrawn from the Account prior to the Termination Date.
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Related to Funding of Account

  • Crediting of Accounts If PFPC Trust in its sole discretion credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation PFPC Trust is required to repay to a third party such amounts so credited, or if any Property has been incorrectly credited, PFPC Trust shall have the absolute right in its sole discretion without demand to reverse any such credit or payment, to debit or deduct the amount of such credit or payment from the Account, and to otherwise pursue recovery of any such amounts so credited from the Fund. Nothing herein or otherwise shall require PFPC Trust to make any advances or to credit any amounts until PFPC Trust's actual receipt thereof. The Fund hereby grants a first priority contractual possessory security interest in and a right of setoff against the assets maintained in an Account hereunder in the amount necessary to secure the return and payment to PFPC Trust of any advance or credit made by PFPC Trust (including charges related thereto) to such Account.

  • Type of Account The Financial Institution agrees that each Collateral Account is, and will be maintained as, either (a) a “securities account” (as defined in Section 8-501 of the UCC) or (b) a “deposit account” (as defined in Section 9-102(a)(29) of the UCC).

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • Debit of Accounts Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.

  • Statement of Account 5.1 Sending periodic statement of account We will send you a statement of account on a monthly or other periodic basis as we deem fit but we may not send you a statement of account for any period during which your card account is inactive or has been terminated.

  • Payment of Accounts (a) Each of Company and each Eligible Subsidiary will irrevocably direct all of its present and future Account Debtors and other Persons obligated to make payments constituting Collateral to make such payments directly to the lockboxes maintained by Company and each Eligible Subsidiary (the "Lockboxes") with North Fork Bank, the Royal Bank of Canada or such other financial institution accepted by Laurus in writing as may be selected by Company and/or any Eligible Subsidiary (collectively, the "Lockbox Bank") pursuant to the terms of the documentation acceptable to Laurus. On or prior to the Closing Date, each of Company and each Eligible Subsidiary shall and shall cause the Lockbox Bank to enter into all such documentation acceptable to Laurus pursuant to which, among other things, the Lockbox Bank agrees to: (a) sweep the Lockbox on a daily basis and deposit all checks received therein to an account designated by Laurus in writing and (b) comply only with the instructions or other directions of Laurus concerning the Lockbox. All of Company's and each Eligible Subsidiary's invoices, account statements and other written or oral communications directing, instructing, demanding or requesting payment of any Account of Company or any Eligible Subsidiary or any other amount constituting Collateral shall conspicuously direct that all payments be made to the Lockbox or such other address as Laurus may direct in writing. If, notwithstanding the instructions to Account Debtors, Company or any Eligible Subsidiary receives any payments, Company or such Eligible Subsidiary, as the case may be, shall immediately remit such payments to Laurus in their original form with all necessary endorsements. Until so remitted, Company and each Eligible Subsidiary shall hold all such payments in trust for and as the property of Laurus and shall not commingle such payments with any of its other funds or property.

  • Disbursement Account 12.1 The Lender is obligated to keep the bank account information provided on the Platform up to date. The account shall be managed by a bank within the Single Euro Payment Area (hereinafter “SEPA”).

  • Establishment of Account (a) The Fund hereby appoints the Custodian as the custodian of all Securities and cash at any time delivered to the Custodian to be held under this Agreement. The Custodian hereby accepts such appointment and agrees to establish and maintain one or more accounts for each Series in which the Custodian will hold Securities and cash as provided herein. Such accounts (each, an “Account,” and collectively, the “Accounts”) shall be in the name of the Fund and Series, if any.

  • Pre-Funding Account On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

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