HANDLING OF FUNDS. All money collected or received by Representative in the performance of his or her duties under this Agreement shall be only by draft, check or money order and made payable to the Company, its subsidiary or affiliate and shall be held by Representative as the property of the Company, subsidiary or affiliate until safely transmitted to the Company. Representative is authorized to collect only the first investment deposit obtained, or first premium payment on insurance or annuity applications written by Representative.
HANDLING OF FUNDS. Employees shall not be personally responsible for handling of funds so long as they are following or acting in accordance with direction or supervision of the administration.
HANDLING OF FUNDS. (1) All funds received (with the exception of Third Party Deposits and Outdoor Sponsorship and Advertising Revenues) by Manager in connection with operation of the Facility shall be deposited promptly by Manager in accounts held and controlled by Manager for the benefit of City in accordance with this Agreement at a financial institution selected by Manager from time to time and reasonably acceptable to City (the “Operating Account”).
(2) Third Party Deposits shall be held in a segregated account (the “Third Party Account”) pending application pursuant to the specific contract under which each such Third Party Deposit is made; any Third Party Deposit forfeited by the applicable third party shall be transferred to the Operating Account.
(3) Outdoor Sponsorship and Advertising Revenues shall be held in a segregated account (the “Outdoor Sponsorship and Advertising Revenues Account”, and shall be applied from time to time to Operating Expenses as and when due; provided, Outdoor Sponsorship and Advertising Revenues not required to pay Operating Expenses shall be retained in the Outdoor Signage Revenues Account in compliance with the ordinance establishing the ARTIC Special Sign District, and shall not be distributed to Manager.
HANDLING OF FUNDS. Funds will be held in a bank account separate from The Company’s operational bank accounts until such time they are applied to a successful Gig. The Company will require Influencers to submit proof that they have successfully completed the requirements of a Gig. The Advertiser may accept or decline the proof supplied, not to be unreasonably withheld or delayed. A declined submission will offer the Influencer the opportunity to meet the requirements time and time again until the Campaign has ended, the Advertiser removes the Influencer from the Campaign, or the Company has deemed the requirements to be fully met. Approvals will complete the Gig and generate the funds transfer from the Advertiser account to the Influencer.
HANDLING OF FUNDS. Security deposits will be retained on tenant’s behalf. Tenant’s deposits may be utilized by us to replace or repair items damaged by the tenants, applied toward cleaning of property chargeable to the tenant, to any other charges due to the tenant, refunded to the tenant, or disbursed to you, as so we may reasonably determine. All funds collected (rents and security deposits), shall be held in a separate trust account and under the control of AGENT. If tenant’s security deposit is placed into an interest bearing account, all interest thereon will accrue and be payable to AGENT. We shall not be liable for any loss resulting from the insolvency of any financial institution.
HANDLING OF FUNDS. 8.1 WESTCAP shall accept and maintain at all times all premium collected and other funds relating to the business underwritten by WESTCAP under this Agreement in the capacity of a fiduciary and trustee for UCIC. The privilege of retaining commissions shall not be construed as changing the fiduciary capacity.
8.2 WESTCAP shall establish and maintain a premium trust account designated "WESTCAP Insurance Services or United Capitol Insurance Company Premium Trust Account" in a bank mutually agreed by WESTCAP and UCIC and shall deposit into such premium trust account all premiums collected by WESTCAP hereunder. WESTCAP shall have the right to transfer funds held in such premium trust account to successor banks with the prior written consent of UCIC. Such banks shall be members of the Federal Reserve System whose deposits are insured by the Federal Deposit Insurance Corporation. WESTCAP shall be entitled to retain any interest earned on funds deposited in such premium trust accounts.
8.3 WESTCAP shall maintain signature authority on such premium trust accounts and may use any and all premium and other funds collected by WESTCAP under this Agreement for the following purposes:
(a) Payments of amounts due UCIC pursuant to this Agreement;
(b) Return of unearned premiums arising due to cancellation or endorsement of Policies underwritten or delivered by WESTCAP;
(c) Payment of WESTCAP's, Sub-producers' and others' compensations as described in Article 4;
(d) Return of money deposited in error;
(e) Withdrawal of interest due WESTCAP hereunder;
(f) Payments with respect to audits; and
(g) Making of investments authorized by law.
8.4 WESTCAP shall not commingle any funds in such premium trust accounts with funds in WESTCAP's corporate accounts or other funds held by WESTCAP in any other capacity.
8.5 WESTCAP shall render accounts to UCIC detailing all premium trust account transactions, and remit to UCIC all funds due under this Agreement by the end of the month following the month during which WESTCAP collected such funds for the account of UCIC.
8.6 Neither party shall be liable for any loss which occurs by reason of the default or failure of the bank in which an account is carried.
8.7 WESTCAP shall refund commissions on Policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained.
8.8 Neither UCIC nor WESTCAP shall offset any balances due under this Agreement with any amounts due under...
HANDLING OF FUNDS. Provider shall coordinate with any property manager contracted by Trust to deposit promptly all funds collected from the operation of the Property or in any way incidental thereto in the Bank Account. Provider may endorse any and all checks payable to the order of Trust in connection with the Property for deposit. Provider shall disburse to Trust its respective shares of net revenues not later than three (3) months after the date of receipt of those revenues.
HANDLING OF FUNDS. (a) All funds received or held by Manager in connection with the operation and management of the Arena are subject to this Agreement and, as applicable, the Financing Pledges.
(b) All funds received (including Advance Deposits) by Manager in connection with operation of the Arena shall be deposited promptly by Manager in accounts held and controlled by Manager for the benefit of Owner in accordance with this Agreement at a financial institution selected by Manager from time to time and reasonably acceptable to Owner and any party holding a security interest under a Financing Pledge all in accordance with the following:
(i) All funds other than Advance Deposits, Insurance and Condemnation Proceeds and Reserves shall be held in an account designated as the “Operating Account” (the “Operating Account”).
(ii) All Advance Deposits shall be held in a segregated Third Party Funds Account. Amounts held in the Third Party Funds Account for disbursement to third parties shall be paid from the Third Party Funds Account to the Persons entitled to the same as and when the same become due pursuant to the specific contract related thereto. Any amounts held in the Third Party Funds Account which are not owed to third parties shall be transferred to the Operating Account at the time the related revenue is recognized in accordance with generally accepted accounting principles. Advance Deposits held in the Third Party Funds Account which are required to be refunded pursuant to the specific contract under which such Advance Deposit was made or which otherwise become refundable in accordance with industry custom and practice shall be refunded to the Persons entitled to the same.
(iii) All Insurance and Condemnation Proceeds shall be held in a segregated account designated as the “Insurance and Condemnation Account” (the “Insurance and Condemnation Account”) pending application thereof as provided in this Agreement. Amounts in the Insurance and Condemnation Account shall be used to rebuild, repair, replace and/or reconstruct the Arena as contemplated by Section 14.8 or Section 19.4. In the event that there are excess Insurance and Condemnation Proceeds after completion of the related rebuilding, repair, replacement or construction or the Insurance and Condemnation Proceeds are not in fact used to rebuild, repair, replace or reconstruct the Arena, such proceeds shall be applied as set forth in Section 14.8 or 19.3, as applicable.
(iv) Reserves and the financing reserves (the “Fi...
HANDLING OF FUNDS. 8.1 E&S shall accept and maintain at all times all premium collected and other funds relating to the business underwritten by E&S under this Agreement in the capacity
HANDLING OF FUNDS. All STORM accounting will be handled by PQGSA. To ensure transparency and accuracy in accounting, the STORM budget will be a separate category within the overall PQGSA budget and will not be included in the PQGSA Winterball or PQGSA Recreation categories (similar to the accounting of the PQ Tournament).
