Funds Administration Sample Clauses

Funds Administration. The Foundation, in good faith, shall:
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Funds Administration. As required by the City’s funds exchange agreement with INDOT under the Exchange Program, the City will make such funding available to the Joint Board for exclusive use on the Project. Toward this end, the City will establish and hold the Exchange Program funds in a segregated account maintained in the Joint Board’s name (the “Project Account”). Similarly, the City will hold in the Project Account any funds contributed by PRF as part of the 20% match required under the Exchange Program. Funds held in the Project Account will be used exclusively to cover Project costs, including any project development expenses incurred by the Parties and reimbursed to them in the manner described in Section 4(a) above. The City will hold such funds in trust for the benefit of the Joint Board and for the specific purpose of completing the Project, with accountability and regular reporting to the Joint Board. The joint management team will track and notify the City of documented Project costs. Upon receiving such a notification, the City will promptly disburse funds from the Project Account to the Party who incurred the cost. Such disbursements will be subject to ratification by the Joint Board pursuant to procedures established by it (in a manner similar to State Street Project expenses).
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Funds Administration. The Area Authority shall directly receive all local, state and federal funds consistent with Chapter 122C of the North Carolina General Statutes and administer them to carry out the purpose of this Agreement.
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Funds Administration. Notwithstanding anything in this Agreement, Agilent acknowledges and agrees that at all times, Agilent shall remain solely responsible for the administration of funds and actual payment of all monies due and payable to Employees, government and related agencies and all other third parties contemplated within this Agreement. Vsource shall remain solely responsible for providing all Services in accordance with the Direction Documents.
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Related to Funds Administration

  • Collateral Administration The Collateral Agent shall maintain a database of certain characteristics of the Collateral on an ongoing basis, and provide to the Borrower, the Servicer, the Administrative Agent and the Lenders certain reports, schedules and calculations, all as more particularly described in this Section 11.3, based upon information and data received from the Servicer pursuant to Section 7.7 or from the Lenders and/or the Administrative Agent.

  • Loan Administration Borrowings under the Loan shall be as follows:

  • Claims Administration An employee will be required to comply with any and all rules and regulations and/or limitations established by the carrier or applicable third party administrator and contained in the policy, and employees and their dependents shall look solely to such carrier or third party administration for the adjudication of the payment of any and all benefits claims.

  • Contract Administration The Delegate shall cause that the foreign custody arrangements with an Eligible Foreign Custodian shall be governed by a written contract that the Delegate has determined will provide reasonable care for Fund assets based on the standards applicable to custodians in the relevant market. Each such contract shall, except as set forth in the last paragraph of this subsection (b), include provisions that provide:

  • Funds Transfer The Administrative Agent will, in its sole discretion, determine the funds transfer system and the means by which each transfer will be made. The Administrative Agent may delay or refuse to accept a funds transfer request if the transfer would: (i) violate the terms of this authorization, (ii) require use of a bank unacceptable to the Administrative Agent or any Lender or prohibited by any Governmental Authority, (iii) cause the Administrative Agent or any Lender to violate any Federal Reserve or other regulatory risk control program or guideline or (iv) otherwise cause the Administrative Agent or any Lender to violate any Applicable Law or regulation.

  • Funds Transfer Disbursements The Borrower hereby authorizes the Administrative Agent to disburse the proceeds of any Loan made by the Lenders or any of their Affiliates pursuant to the Loan Documents as requested by an authorized representative of the Borrower to any of the accounts designated in the Disbursement Instruction Agreement.

  • Administration of the Trust Section 3.01

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