Imprest Fund. The funds authorized will be established in an imprest fund, which is controlled by a bonded cashier.
Imprest Fund. At all times during the term of this Agreement, the Company shall maintain with HFS an imprest fund (the "IMPREST FUND") sufficient to cover certain expenses paid by HFS on behalf of the Company, including all UPS, U.S.P.S., common carrier and other delivery service shipping costs, packing materials, stationery and other similar expenses, and HFS shall pay such expenses therefrom so long as and to the extent that a balance remains therein. The Company and HFS shall agree in advance upon which costs and charges are to be paid from the Imprest Fund, it being understood that such list of charges may change from time to time according to the Company's business needs and HFS's operations. The Imprest Fund shall (at a minimum) be funded by the Company on a weekly basis to bring the balance of the fund to an amount which would cover forecasted expenses for the ensuing two (2) week period after taking into consideration such factors as forecasted order volume, seasonality and other applicable factors. If the Imprest Fund is insufficient to cover such expenses, HFS may, in its sole discretion: (a) upon request of the Company, pay the expenses and immediately invoice the Company for the amount of expenses incurred plus a fifteen percent (15%) mark-xx and such invoice amount shall be payable within ten (10) Business Days of receipt; or (b) following ten (10) Business Days after providing the Company with written notice of insufficient funds in the Imprest Fund (and the Imprest Fund has not during such time been restored in full), not pay the expenses, and if HFS so elects not to pay the expenses, it shall have no liability whatsoever for any losses or liabilities incurred by the Company for such nonpayment. HFS shall provide the Company with a weekly statement setting forth the balance of, and accounting for disbursements from, the Imprest Fund.
Imprest Fund. 6 8. FORECASTS.................................................................7 9.
Imprest Fund. In cases where travel is not authorized or ordered insufficient time for the employee to obtain a travel advance, the Service will attempt to accommodate the employee from the Imprest Fund. When an employeeis authorized or ordered to travel without sufficient time to request and receive a travel advance, and funds cannot be advanced from the Imprest Fund at his or her duty station, he or she will be accommodated, if possible, from the Imprest Fund at the location to which he or she is detailed.
