Funds Received a. All monies received by Agent shall be held in an interest bearing account with First Citizens Bancshares, a North Carolina banking corporation, with interest to be paid to Agent.
b. In accordance with Chapter 42A of the North Carolina General Statutes (hereinafter, referred to as “NCGS”), commonly known as the North Carolina Vacation Rental Act, up to fifty percent (50%) of the total rent may be disbursed prior to occupancy. All fees owed to third parties to pay for goods, services, or benefits secured for the Guest may be disbursed prior to occupancy.
Funds Received a. All monies received by Agent, including Security Deposit, will be held in an interest bearing account with ECB, Hatteras, North Carolina, a federally insured institution, with INTEREST TO BE PAID TO AGENT.
b. In accordance with NCVRA, up to fifty percent (50%) of the total rent may be disbursed prior to occupancy, and all fees, including administrative fees, owed to third parties to pay for goods, services or benefits secured for the Tenant, will be disbursed prior to occupancy.
Funds Received. Escrow Agent shall not be liable for any loss or damage resulting from the following: (a) any default, error, action or omission of any other party; (b) the expiration of any time limit unless such time limit was known to the Escrow Agent and such loss is solely caused by failure of Escrow Agent to proceed in its ordinary course of business; (c) any loss or impairment of funds while Escrow Funds are deposited in an escrow account that is federally insured resulting from failure, insolvency, or suspension of such bank; (d) Escrow Agent complying with any and all legal process, writs, orders, judgments and decrees of any court whether issued with or without jurisdiction and whether or not subsequently vacated, modified, set aside or reversed.
Funds Received. Any funds received by the Secretary as a re- xxxx of the exchange shall be deposited in the fund established under section 484a of this title, and shall be available to purchase non- Federal land within or adjacent to the Na- tional Forests in the State of New Mexico.
Funds Received from the Borrower in Respect of Drawn Letters ------------------------------------------------------------ of Credit. Whenever an Issuing Lender receives a payment of a Reimbursement ---------- Obligation as to which the Administrative Agent has received for the account of such Issuing Lender any payments from the Lenders pursuant to Section 3.09 above, such Issuing Lender shall pay the amount of such payment to the Administrative Agent, and the Administrative Agent shall promptly pay to each Lender which has paid its pro rata share thereof, in Dollars in Federal or other immediately available funds, an amount equal to such Lender's pro rata share of the principal amount thereof and interest thereon for each day after relevant date of payment at the Federal Funds Rate.
Funds Received from the Borrower in Respect of Drawn Letters of Credit. Whenever an Issuing Lender receives a payment of a Reimbursement Obligation as to which the Administrative Agent has received for the account of such Issuing Lender any payments from the other Lenders pursuant to Section 3.09 above, such Issuing Lender shall pay the amount of such payment to the Administrative Agent, and the Administrative Agent shall promptly pay to each Lender which has paid its pro rata share thereof, in Dollars in Federal or other immediately available funds, an amount equal to such Lender’s pro rata share of the principal amount thereof and interest thereon for each day after relevant date of payment at the Federal Funds Rate.
Funds Received. The company shall not be responsible for any loss and/or damage resulting from conveyance processes due to circumstances out of the company control. The company may accept funds deposited by external parties into the client’s account provided that such parties are clients with the company. In this case, client shall acknowledge that such funds are owned by the client, and they ordered to be deposited into their account. The client shall acknowledge and undertake that no external parties have joint ownership of the funds made available by the client to the company, and that the client don't practice trading activities on behalf of external parties unless otherwise notified to the Company by the Client in writing, and provided that the client had confirmed that they are registered and properly authorized under the laws and regulations enforceable to conduct such trading operations on behalf of external parties and such parties are the company’s clients. Moreover, the client shall acknowledge (and undertake) that all the funds deposited in the fund account will be for the purpose of trading on the securities and other investment products determined by the company from time to time.
Funds Received a. All monies received by Agent, including Security Deposit, will be held in an interest bearing account with Townebank, Southern Shores, North Carolina, a federally insured institution, with INTEREST TO BE PAID TO AGENT.
b. In accordance with NCVRA, up to fifty percent (50%) of the total rent may be disbursed prior to occupancy, and all fees, including administrative fees, owed to third parties to pay for goods, services or benefits secured for the Tenant, will be disbursed prior to occupancy. Guest Initials:
Funds Received. All funds received by the Warrant Agent under this Warrant Agreement that are to be distributed or applied by the Warrant Agent (the “Funds”) shall be held by Computershare as agent for the Company and deposited in one or more bank accounts to be maintained by Computershare in its name as agent for the Company. Until paid pursuant to the terms of this Warrant Agreement, Computershare will hold the Funds through such accounts in: deposit accounts of commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P (LT Local Issuer Credit Rating), Xxxxx’x (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported by Bloomberg Finance L.P.). The Warrant Agent shall have no responsibility or liability for any diminution of the Funds that may result from any deposit made by the Warrant Agent in accordance with this paragraph, including any losses resulting from a default by any bank, financial institution or other third party. The Warrant Agent may from time to time receive interest, dividends or other earnings in connection with such deposits. The Warrant Agent shall not be obligated to pay such interest, dividends or earnings to the Company, any holder or any other Person. The Warrant Agent shall forward Funds received for Warrant exercises in a given month by the 5th Business Day of the following month by wire transfer to an account designated by the Company.
