Imprest Account. In order to fund the obligation of Developer to pay Costs, Developer has delivered to ESD Developer’s check in the amount of $500,000. Upon ESD signing and transmitting to Developer a counterpart of this agreement signed by ESD, ESD may deposit such check in an interest-bearing account (the “Imprest Account”). Imprest Account may be drawn on by ESD and used (both principal and interest) for payment of the Costs of ESD, including Costs incurred prior to the date of designation. ESD shall inform Xxxxxxxxx of the Costs so paid by written report within ten (10) business days after written request from Developer, but not more often than quarterly, and ESD shall provide to Developer supporting documentation, to the extent that such supporting documentation is provided to ESD including copies of invoices and other such information as reasonably requested by Xxxxxxxxx. ESD shall notify Developer each time that the balance of the Imprest Account is $250,000 or less. Promptly after receipt of such notice, Developer shall replenish the Imprest Account by depositing into that account the amount of funds that is necessary in order to increase to $500,000 the Imprest Account balance. All such payments to the Imprest Account shall be made by wire transfer pursuant to the instructions to be set forth in a written notice of ESD provided to Developer. Promptly after (i) termination by ESD of Development transaction negotiations with Developer and payment of all incurred Costs or (ii) completion of the Development by Developer such that (x) ESD shall incur no further Costs and (y) all incurred Costs have paid in full, ESD shall return to Developer all funds remaining in the Imprest Account (inclusive of any unspent interest) and provide to Developer, to the extent received by ESD and not previously provided to Developer, supporting documentation of Costs incurred.
Imprest Account. INTERMEDIARY shall maintain an interest-bearing account(s), collectively the "Imprest
Imprest Account. INTERMEDIARYCONTRACTOR shall maintain an interest-bearing account for the MSIMSN 32 Program called the "Imprest Account.” A separate Imprest Account shall be maintained for each Period.
Imprest Account. 21 A. INTERMEDIARY shall maintain an interest-bearing account for the MSI Program called the 22 "Imprest Account.” A separate Imprest Account shall be maintained for each Period.
23 1. INTERMEDIARY shall maintain a separate accounting of Funds commingled in the 24 Imprest Account for each service for which specific funding has been identified by COUNTY in 25 Paragraph IV of Exhibit A to the Agreement, which services are: Hospital, Physician, Clinic, Dental 26 and Outpatient Services. The separate accounting of Funds within the Imprest Account for these 27 services shall be referred to respectively as the Hospital Account, Physician Account, Clinic Account, 28 Dental Account, and Outpatient Account. Within the Imprest Account, INTERMEDIARY shall also 29 maintain a separate accounting of funds for the HCA Recovery, HCA Exception, and HCA Holding 30 service accounts.
31 2. The separate accounting of Funds by service shall include, but may not be limited to: 32 deposits/funding, interest, recovery, transfers, claims and other payments, and bank charges.
33 3. INTERMEDIARY shall use the Imprest Account to deposit MSI Base Funding disbursed 34 by COUNTY for each service for the purpose of reimbursing corresponding claims from Providers of 35 those services as specified herein.
36 4. Except as otherwise provided herein, the Imprest Account shall not exceed a maximum of 37 four million dollars ($4,000,000) during any forty-five (45) day period, exclusive of Hospital Periodic 1 Interim Payments, and shall be managed so as to maximize the interest earned upon Funds in the 2 Account. Upon written request of INTERMEDIARY, and at ADMINISTRATOR’s sole discretion, the 3 maximum may be modified.
4 5. If INTERMEDIARY determines that the fees to maintain an interest-bearing Imprest 5 Account are more than projected interest to be earned, INTERMEDIARY shall recommend to 6 ADMINISTRATOR that such funds be maintained in a non-interest-bearing Imprest Account. 7 Approval of the recommendation shall be at the sole discretion of ADMINISTRATOR.
Imprest Account. CONTRACTOR shall maintain an interest-bearing account for the MSN Program called the 32 "Imprest Account.” A separate Imprest Account shall be maintained for each Period.
Imprest Account. In order to fund the obligation of Respondent to pay Costs, Respondent has delivered to ESD and CCDC Respondent’s check in the amount of $500,000. Upon ESD and CCDC signing and transmitting to Respondent a counterpart of this agreement signed by ESD and CCDC, ESD and CCDC may deposit such check in an interest-bearing account (the “Imprest Account”). In the event that Respondent is not designated to enter into negotiations with respect to the Development, ESD and CCDC will promptly return to Respondent the $500,000 and any accrued interest. If the Respondent is designated to enter into negotiations with respect to the Development, then the Imprest Account may be drawn on by ESD and CCDC and used (both principal and interest) for payment of the Costs of ESD and CCDC including Costs incurred prior to the date of designation. ESD, and CCDC shall inform Respondent of the Costs so paid by written report within twenty (20) business days after written request from Respondent, but not more often than quarterly, and ESD and CCDC shall provide to Respondent supporting documentation, to the extent that such supporting documentation is provided to ESD and CCDC. However, in the case of legal services, only the number of hours and amount of the invoice shall be disclosed to preserve attorney-client privilege and/or to avoid making the contents subject to the New York Freedom of Information Law or U.S. Freedom of Information Act (FOIL/FOIA). ESD and CCDC shall notify Respondent each time that the balance of the Imprest Account is $100,000 or less. Promptly after receipt of such notice, Respondent shall replenish the Imprest Account by depositing into that account the amount of funds that is necessary in order to increase the Imprest Account balance to $500,000. All such payments to the Imprest Account shall be made by wire transfer pursuant to the instructions to be set forth in a written notice of ESD and CCDC provided to Respondent. Promptly after (i) termination by ESD and CCDC of Development transaction negotiations with Respondent and payment of all incurred Costs or (ii) completion of the Development by Respondent such that (x) ESD and CCDC shall incur no further Costs and (y) all incurred Costs have paid in full, ESD and CCDC shall return to Respondent all funds remaining in the Imprest Account (inclusive of any unspent interest) and provide to Respondent, to the extent received by ESD and CCDC and not previously provided to Respondent, supporting documentation of ...
Imprest Account. Except as ADB may otherwise agree, the Borrower shall cause the Bank of Mongolia to establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in accordance with the Loan Disbursement Handbook, and detailed arrangements agreed upon between the Borrower and ADB. The imprest account shall only be used for the purposes of the Project. The currency of the imprest account shall be the Dollar. The maximum ceiling for the imprest account shall not exceed the equivalent of ten (10) percent of the Loan amount, unless otherwise agreed between the Borrower and ADB.
Imprest Account. Except as the Bank shall otherwise agree, the Borrower shall establish immediately after the Effective Date, an imprest account at the Nepal Rastra Bank. The imprest account shall be established, managed, replenished and liquidated in accordance with the Bank’s “Loan Disbursement Handbook” dated June 1996, as amended from time to time, and detailed arrangements agreed upon between the Borrower and the Bank. The initial amount to be deposited to the imprest account shall be based on estimated expenditure for the first six months of Project implementation, but shall not exceed the equivalent of $500,000 for the account.
Imprest Account. Except as ADB may otherwise agree, the Recipient shall establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in accordance with ADB's "Loan Disbursement Handbook" dated January 2007, as amended from time to time, and detailed arrangements agreed upon between the Recipient and ADB. The total amount to be deposited into the imprest account will be $90,000. The statement of expenditure procedures will be used to reimburse eligible expenditures and liquidate advances to the imprest account. The ceiling on the statement of expenditure per payment is $30,000.
Imprest Account. Except as ADB may otherwise agree, the Borrower shall establish immediately after the Effective Date, an imprest account at a commercial bank acceptable to ADB. The imprest account shall be established, managed, replenished and liquidated in accordance with the Loan Disbursement Handbook, and detailed arrangements agreed upon between the Borrower and ADB. The imprest account shall only be used for the purposes of the Project. The currency of the imprest account shall be the Dollar. The maximum ceiling for the imprest account shall not exceed the equivalent of ten (10) percent of the Loan amount, unless otherwise agreed between the Borrower and ADB.
