Holding Account. (a) Prior to the Delivery Date, Seller shall (i) register with the Executive Officer in accordance with the Cap-and-Trade Regulations, (ii) obtain Executive Officer approval of such registration, and (iii) obtain a Holding Account (“Seller’s Holding Account”) from and into which the Product may be transferred, which account Seller shall maintain until the end of the Delivery Term for all Transactions.
(b) Seller shall transfer the Product to the Holding Account designated by Buyer herein or by Notice (“Buyer’s Holding Account”). Each Party shall be responsible for its own expenses associated with establishing and maintaining its Holding Account. Seller shall be solely responsible for paying expenses associated with the issuance and transfer fees for the Product, and transferring the Product from Seller’s Holding Account to Buyer’s Holding Account. Promptly upon receiving confirmation that each Holding Account has been established, and at least ten (10) days prior to the Delivery Date, each Party shall provide the other with all details of such Holding Account.
Holding Account. A Holding Account will be opened for you if you have a Fixed Rate Deposit Account that has matured and you have not provided us with maturity instructions to withdraw or reinvest the funds in your Fixed Rate Deposit Account.
Holding Account. The Holding Account is part of our General Account and is credited interest daily at an effective annual rate not less than the Guaranteed Minimum Holding Account Interest Rate shown on the Contract Schedule. The Holding Account is not an Allocation Option that you can allocate your Purchase Payment or Account Value into. The Holding Account is limited to Account Value transfers as defined in the Addition or Discontinuance of a Shield Option or available by any applicable rider. The Company reserves the right to change the Holding Account Interest Rate, but it can never be lower than the Guaranteed Minimum Holding Account Interest Rate shown on the Contract Schedule. Any amounts transferred by us into the Holding Account will be transferred to Shield Option(s) and/or any other Allocation Options included by rider as directed by you on the next Contract Anniversary. Any amounts in the Holding Account will be included in your Account Value.
Holding Account. (a) Upon the instructions of the Manager, the Trustee shall establish and maintain a segregated Trust Account in the name of the Trustee designated as the “Holding Account”.
(b) The Trustee shall receive the Issuance Proceeds from each Issuance in the Holding Account, and the Trustee may use such Issuance Proceeds to (i) pay for Issuance Expenses, (ii) pay for Trust Expenses, and (iii) make any other payments pursuant to and in accordance with the written instructions of the Manager.
(c) In addition to the foregoing, the Trustee shall, pursuant to and in accordance with the prior written instructions of the Manager, transfer all remaining amounts deposited in the Holding Account to the General Account for the purposes described in Section 11.3 below.
Holding Account. All funds allocated by the Parties for Phase II of the Program will be deposited in a segregated holding account (the “Account”), which UTA created pursuant to the Phase I Agreement and will manage solely for the purposes of the Program pursuant to this Agreement and any further agreement of the Parties. The Account will be interest-bearing with all interest accruing to the Account to be used solely for payment of Program-related expenses. The Account may receive funds from the Parties and third party contributors, as approved by the Executive Board, and in accordance with UTA policies. UTA shall pay Program expenditures first from the funds appropriated by the State of Utah. Once the State of Utah funds are expended, UTA shall pay Program expenditures from the commingled funds contributed by the remaining Parties and any third party contributors. UTA shall provide financial information to the Program Manager to issue a quarterly statement of contributions received, interest earned, invoices paid and current balance of the Account for Party and public review. UTA agrees to make all financial records associated with the Account available to any Party or third party contributor upon request. The Account may be audited at the request of any Party or third party contributor at the requestor’s own expense.
Holding Account. Metis maintains a non-interest bearing Holding Account to hold monies temporarily where it is not possible to invest new Contributions and switch proceeds immediately into the target Asset Choice, due to dealing frequency or time lag between Asset Switching. We will use reasonable endeavors to allocate the relevant Units to the Plan Account as soon as possible. The Holding Account is under custody by our custodian Bank.
Holding Account. (a) In this Clause 7.8, Clause 7.9 (Prepayment Account) and Clause 7.10 (Application of Proceeds):
Holding Account. (a) On or before the first Drawdown Date, the Borrowers shall cause to be established in the name of the Borrowers for the benefit of the Lenders an account and lock box (the "Holding Account" and the "Lock Box") at the Houston, Texas office of The Frost National Bank pursuant to the Holding Account Agreement. The Borrowers shall instruct all of their customers and account debtors to make all payments to the Lock Box or the Holding Account of all accounts receivable of the Borrowers, including but not limited to Accounts as defined in the Security Agreement. Any payments received directly by the Borrowers from their customers or account debtors will be deposited immediately in the Holding Account. Until an Event of Default shall have occurred, the Borrowers shall have the right to transfer from the Holding Account any amounts in the Holding Account. After an Event of Default shall have occurred all amounts in the Holding Account may be applied by the Agent for the benefit of the Lenders in payment of any amounts due and outstanding under this Credit Agreement or the Note.
(b) On each Interest Payment Date, the Maturity Date, and each day on which any commitment fee is payable and only in the event that the Borrowers have failed to make a payment in accordance with the terms of this Credit Agreement and the Note, all amounts in the Holding Account (including interest accrued), shall be used first to pay interest due on such Interest Payment Date, second to pay any commitment fee due on such date and third to repay the principal amount outstanding on the Note which is due and payable to the Lenders on such date. After such payments have been made, all other funds in the Holding Account shall be released to the Borrowers.
(c) The Holding Account shall terminate and any funds remaining in it shall be paid the Borrowers upon the fulfillment of all of the Borrowers' Obligations or upon the prior written consent of the Lenders.
Holding Account. Deposits made to Paradigm Counseling for Parenting Consultant services will be held in a separate, non-interest earning account for the duration of the appointment or use of Parenting Consulting services. All services will be billed against that deposit and transferred out of the holding account. Invoices will be sent monthly indicating charged services and remaining balance, or balance due. Replenishing the Deposit • The retainer will need to be replenished when the remainder reaches $500. • The retainer will need to be replenished in full (deposit of $3,500) to continue the Parenting Consulting services. • The retainer will need to be replenished within 14 days of the date of the invoice. • Failure to replenish the retainer while services remain active and expected will result in suspension of services, outlined in detail below. PH: 000.000.0000 Web: xxxxxxxxxxxxxxxxxx.xxx 0000 Xxxxxxx Xxxx Xxxxx 000 Xxxxxx Xxxxxx, XX 00000 2024 PC FEE Deposit Remainder Upon completion of the Parenting Consultant services any remaining deposit in the clients holding account will be refunded to the client(s) within 30 (thirty) days via electronic deposit. Any future requested services will be billed hourly and invoiced to be paid at the time of service.
Holding Account. (a) On or before the first Drawdown Date, the Borrowers shall cause to be established in the name of the Borrowers for the benefit of the Lender an account and lock box (the
