We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

HANDLING OF FUNDS Sample Clauses

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 FUNDSEmployees 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. 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. 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. 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. Subject to this Agreement, Operator shall have exclusive possession and control of all Gross Revenues and other moneys involved in the operation of the Hotel, all of which will be the property of Owner, and of any bank accounts in which any such moneys may be deposited. Operator will be responsible for disbursing such moneys on behalf of Owner directly to the obligees (but only in accordance with the terms of this Agreement). All funds used in the operation of the Hotel, and all receipts and disbursements thereof (except insofar as funds are maintained in the Hotel) shall be deposited in and withdrawn from one or more bank accounts from time to time established in the name of Operator at such bank or banks in Dade County, Florida and elsewhere as Operator may select. The only person or persons to withdraw funds from any such account(s) shall be individuals approved by Operator.
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 campaign. The Company will require Influencers to submit proof that they have successfully completed the requirements of a campaign. 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, or the Advertiser removes the Influencer from the Campaign. Approvals will complete the campaign and generate the funds transfer from the Advertiser account to the Influencer and to The Company.
HANDLING OF FUNDS. To comply with Regulatory Policies and Procedures, all money collected or received by Representative in the performance of services under this Agreement shall be only by draft, check, or money order and made payable to the applicable product sponsor, issuer, and/or clearing firm, and shall be held by Representative as the property of TIMI and/or its applicable affiliates until safely and promptly transmitted to Thrivent or pursuant to Thrivent and/or TIMI’s policies and procedures for handling funds.
HANDLING OF FUNDS. Manager shall deposit promptly all funds collected from the operation of the Property or in any way incidental thereto in the checking account set up for the Property, in the name of Master Tenant (the “Bank Account”), separate from Manager’s corporate account and any other accounts maintained by Manager. Manager may endorse any and all checks payable to the order of Master Tenant in connection with the Property for deposit in the Bank Account.