Interest Bearing Account. If the Province provides Funds before the Recipient’s immediate need for the Funds, the Recipient will place the Funds in an interest bearing account in the name of the Recipient at a Canadian financial institution.
Interest Bearing Account. If for any reason, Funds were provided to the Recipient before the Recipient’s immediate need for the Funds, the Recipient will place the Funds in an interest-bearing account solely in the name of the Recipient at a branch of a Canadian financial institution in Ontario. The Recipient will hold the Funds plus any Interest Earned in trust for the Province until the Funds are used in accordance with the Agreement.
Interest Bearing Account. The City will deposit retainage checks in an interest-bearing account in a bank, mutual savings bank, or savings and loan association, not subject to withdrawal until after the final acceptance of the improvement or work as completed or until agreed to by both parties. Interest on the account will be paid to you.
Interest Bearing Account. To the extent practicable, the funds of the Company will be held in one or more interest-bearing accounts.
Interest Bearing Account. If the Ministry provides Funds to the Recipient prior to the Recipient’s immediate need for the Funds, the Recipient shall place the Funds in an interest bearing account, which earns interest on the entire balance of Funds in the account, in the name of the Recipient at a Canadian financial institution.
Interest Bearing Account. The Host Organisation must hold the Funds as separately identifiable funds in an interest- bearing account and managed in a manner which applies interest earned on the Funds to the Grant Activities.
Interest Bearing Account. The Working Capital Account will be maintained in a separate interest-bearing account. The interest and account maintenance fees, will be credited/debited to the Departments as part of the annual True-up.
Interest Bearing Account. If MHO provides Funds to the Service Manager before the Service Manager’s immediate need for the Funds, the Service Manager will place the Funds in an interest bearing account in the name of the Service Manager at a Canadian financial institution.
Interest Bearing Account. If Ontario provides Grant funds before the Recipient’s immedi- ate need for the Grant funds, the Recipient shall place the Grant funds in an interest bearing account in the name of the Recipient at a Canadian financial institution.
Interest Bearing Account. The Deposit and all other funds deposited into Escrow by or for the account of Buyer shall be deposited by Escrow Holder in an interest-bearing account at a federally insured institution as Escrow Holder, Buyer and Seller deem appropriate and consistent with the timing requirements of this Agreement (which shall have no penalty for early withdrawal). All interest accrued on the Deposit shall be added to the Deposit. Buyer agrees to provide its Federal Tax Identification Number to Escrow Holder upon the opening of escrow. Escrow Holder shall not commingle the Deposit with any funds of Escrow Holder or any other person or entity.
