Initial Deposit; Replenishment Sample Clauses

Initial Deposit; Replenishment. Licensee shall make an initial deposit in the amount of $4,000 upon delivery of a partially executed counterpart of this Master License to the City. The City will not be obligated to process any Master License until the initial payment is submitted. The initial payment shall be held by City in an account for the reimbursement of City’s reasonable and actual costs incurred in processing the Master License application. Upon Licensee’s request, City shall provide to Licensee a monthly accounting of the account with a description of City’s actual and reasonable costs and expenses withdrawn from the account. If there is a reasonable need for additional funds to facilitate review and processing of the Master License application, the City may request, and Licensee shall replenish the deposit for the City’s anticipated cost of such extra work. If Licensee refuses or fails to submit the replenishment for the extra work upon City's written request, City shall have the right to cease all processing of Licensee’s application until such time as the funds are received.
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Initial Deposit; Replenishment. Unless the account described in Section 4.7.2 then contains in excess of $2,000, Licensee shall deposit with City a initial deposit in the amount of $2,000 upon delivery of each Pole License application, including Nonstandard City Pole License applications, to the City. City will not be obligated to begin its review of any Pole License application until the initial deposit is made. If there is a reasonable need for additional funds to facilitate review and processing of the Pole License application, the City may request, and Licensee shall replenish the deposit for the anticipated cost of such extra work. If Licensee refuses or fails to submit the replenishment for the extra work upon City's written request, City shall have the right to cease all processing of Licensee’s application until such time as the funds are received.
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Initial Deposit; Replenishment. Unless the account described in Section
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Related to Initial Deposit; Replenishment

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Mobile Deposit Service Pursuant to the terms of this Agreement, you may use the Service to deposit Items to your Account by creating an Image of the Item using a Mobile Device, and transmitting that Image to us for deposit. You may transmit Images to us only from a Mobile Device located in the United States.

  • BIDDING DEPOSIT Subject to Clause 5.1 below, all intending bidders shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of AmBank (M) Berhad for the a/c of IKHMAS JAYA SDN BHD, a Bidding Deposit equivalent to ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher. Online Bidders are subject to the provisions of Clause(s) 2.4, 2.5 and 2.6 of the Terms and Conditions on xxxx.xxxxxxxx.xxx.xx for the manner of payment of the deposit.

  • Escrow Requirement; Escrow Items Borrower must pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum of money to provide for payment of amounts due for all Escrow Items (the “Funds”). The amount of the Funds required to be paid each month may change during the term of the Loan. Borrower must promptly furnish to Lender all notices or invoices of amounts to be paid under this Section 3.

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement.

  • Mobile Deposit The Mobile Deposit feature enables you to use a software application together with your Wireless Access Device to create electronic images of the front and back of certain Original Checks (defined below) and transmit those images and other information, including, without limitation, information captured from the magnetic ink character recognition (“MICR”) line, to us for review and processing in accordance with this Agreement.

  • Deposits into Escrow Account The Concessionaire shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account:

  • Escrow Accounts Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement.

  • Deposit Services 14.1.1 Deposit service implies opening of a deposit account upon the client’s (hereinafter the “depositor”) application and accrual of interest on the funds standing to the credit of such deposit account.

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