Funds Deposits Sample Clauses

Funds Deposits. Xxxxxxxxx agrees that any funds remitted to City under this Agreement belong to the City on receipt. Under no circumstances will any funds paid by Developer to the City be construed as belonging to Developer, or being held in trust or for the benefit of Developer, and such payments shall be deposited and/or used for such public purposes as the City determines within its lawful discretion.
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Funds Deposits. Xxxxxx and Xxxxx agree that any funds remitted to City under this Agreement may be comingled by the City with other funds deposited by the City from other sources. Further, any funds remitted by the Xxxxxx and Xxxxx will gain no interest and the City shall determine where said funds are to be deposited.
Sample 1
Funds Deposits. Xxxxxx and Drury agree that any funds remitted to City under this Agreement may be comingled by the City with other funds deposited by the City from other sources. Further, any funds remitted by the Xxxxxx and Drury will gain no interest and the City shall determine where said funds are to be deposited.
Sample 1
Funds Deposits. Such funds shall be promptly remitted to the person or persons entitled thereto, or shall be deposited promptly in a fiduciary bank account in an FDIC financial institution established and maintained by DRMS. This fiduciary bank account shall be located in Portland, Maine, and shall be designated as “Fiduciary Claims Administrative Account”.
Sample 1

Related to Funds Deposits

  • Deposits There will be two types of Deposits: Full and Differential. For both types, the universe of Registry objects to be considered for data escrow are those objects necessary in order to offer all of the approved Registry Services.

  • Collection Account (a) On the Closing Date, the Master Servicer shall open and shall thereafter maintain a segregated account held in trust (the “Collection Account”), entitled “Collection Account, Aurora Loan Services Inc., as Master Servicer, in trust for the benefit of the Holders of Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2004-10.” The Collection Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Collection Account shall not be commingled with any other monies.

  • Net Deposits As an administrative convenience, unless the Servicer is required to remit collections within two Business Days of the Posted Date, the Servicer will be permitted to make the deposit of collections net of distributions, if any, to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

  • 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.

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