Joint Bank Account Sample Clauses

Joint Bank Account. Payment of the Prepayment and Option Fee (plus GST, if any) shall be deemed made by NGC depositing the same into a new bank account to be opened by NGC with Westpac in the joint names of IPENZ and NGC. The terms on which such bank account is to be opened and operated are as follows:
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Joint Bank Account. The first owner shall forthwith open a [Bank/ Building Society] account ('the Account') in the names of the Parties into which the Parties shall upon the [ ] day of [ ] in each year transfer the amount of C[ ] until six months after the termination of this agreement in accordance with Clause 5.
Sample 1
Joint Bank Account. (Check one) ☐ Expenditures for living expenses or for the common benefit will NOT be made from a joint account. ☐ Expenditures for living expenses or for the common benefit will be made from a joint account, wherein each Party shall deposit the percentage stated above. Neither Party may draw on the joint account for any purpose other than living expenses, unless otherwise agreed to in writing. Each Party must keep the other informed of all withdrawals.
Sample 1
Joint Bank Account. No later than five (5) Business Days prior to the Closing Date, the Company shall open three bank accounts with a bank outside the PRC (each a “Joint Bank Account”), and each Selling Shareholder and the Company may each designate a joint signatory to one Joint Bank Account for such Selling Shareholder. Each Joint Bank Account shall be operated jointly by all authorized signatories designated to such account, and the Company shall procure that no withdrawal or transfer or other disposal of funds out of any Joint Bank Account shall be permitted without the joint written authorization of the authorized signatories designated by both the Company and relevant Selling Shareholder. The Company shall not take any steps to remove or replace the authorized signatories designated by the relevant Selling Shareholder as the joint signatories to any Joint Bank Account without the prior written approval of such Selling Shareholder.
Sample 1
Joint Bank Account. ● ("Finance Manager") shall operate a bank account (the "Account") in the name of Sunny Days into which the Parties shall upon request of the Boat Manager in each year transfer fees until up to six months after the termination of this agreement in accordance with Clause 5 which shall be held on trust and subject to the terms of this Agreement.
Sample 1

Related to Joint Bank Account

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

  • Location of Bank Accounts Schedule 6.01(v) sets forth a complete and accurate list as of the Effective Date of all deposit, checking and other bank accounts, all securities and other accounts maintained with any broker dealer and all other similar accounts maintained by each Loan Party, together with a description thereof (i.e., the bank or broker dealer at which such deposit or other account is maintained and the account number and the purpose thereof).

  • Disbursement from the Bank Account 4.1 Subject to 4.3 below, if by the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount or the Minimum Securities Amount, as indicated by the Subscription Information submitted to the Escrow Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow Agent shall promptly notify the Issuer of its distribution of the Fund.

  • Deposits to the Bank Account 3.1 The Selling Agents shall promptly deliver to the Escrow Agent all monies which they receive from prospective purchasers of the Securities, which monies shall be in the form of checks or wire transfers. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “HIGHTIMES HOLDING CORP.’s. Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the applicable Selling Agent (together with any Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Establishment of the Bank Account 2.1 The Escrow Agent shall establish a non-interest bearing bank account at a branch of XX Xxxxxx Chase selected by the Escrow Agent, and bearing the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, or wire transfers) which are received by the Underwriter from prospective purchasers of the Securities and are delivered by the Underwriter to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.

  • Establishment of Bank Accounts On or before the Closing Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of ), each in the name “ , as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “, to be designated as follows:

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