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: (a) the credit balance from time to time in the account is to be held on trust for the joint benefit of both IPENZ and NGC, and shall not be treated as IPENZ property; (b) IPENZ shall be entitled to the sole benefit of interest accruing on such credit balance from time to time; (c) the account may only be dealt with, and funds may only be disbursed from it, upon receipt by Westpac of a joint instruction signed by a previously notified representative of each of IPENZ and NGC; (d) the representative of each of IPENZ and NGC will give any such joint disbursement instruction provided the disbursement is: (i) for the sole purpose of funding IPENZ’s budgeted exploration and development activities, including administration to facilitate such activities, as previously advised to NGC; or (ii) on account of interest (to which IPENZ is entitled); (e) Westpac will be required to operate the bank account in accordance with a letter of instructions to be given to it by IPENZ and NGC reflecting the above terms; (f) nothing in this clause 4.3 or in the letter of instructions to Westpac shall prevent NGC from recovering any part of the Prepayment and Option Fee in accordance with any contractual entitlement to do so under this Agreement.
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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 £[ ] until six months after the termination of this agreement in accordance with Clause 5.
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
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

Related to Joint Bank Account

  • Additional Bank Accounts Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and (b) as to any accounts used by Borrower to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender.

  • 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]]

  • Custody of Partnership Funds; Bank Accounts (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine. (b) All deposits and other funds not needed in the operation of the business of the Partnership may be invested by the General Partner in investment grade instruments (or investment companies whose portfolio consists primarily thereof), government obligations, certificates of deposit, bankers’ acceptances and municipal notes and bonds. The funds of the Partnership shall not be commingled with the funds of any other Person except for such commingling as may necessarily result from an investment in those investment companies permitted by this Section 10.2(b).

  • 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).

  • 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.

  • Agreements with Foreign Banking Institutions Each agreement with a foreign banking institution shall provide that: (a) the assets of each Portfolio will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the foreign banking institution or its creditors or agent, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the assets of each Portfolio will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to each applicable Portfolio; (d) officers of or auditors employed by, or other representatives of the Custodian, including to the extent permitted under applicable law the independent public accountants for the Fund, will be given access to the books and records of the foreign banking institution relating to its actions under its agreement with the Custodian; and (e) assets of the Portfolios held by the foreign sub-custodian will be subject only to the instructions of the Custodian or its agents.

  • Bank Accounts; Power of Attorney of the Company Disclosure Schedules sets forth a true and complete list of (i) all accounts with banks, money market mutual funds or securities or other financial institutions maintained by the Company within the past twelve (12) months, the account numbers thereof, and all Persons authorized to sign or act on behalf of the Company; (ii) all safe deposit boxes and other similar custodial arrangements maintained by the Company within the past twelve (12) months; (iii) the check ledger for the last twelve (12) months, and (iv) the names of all Persons holding powers of attorney from the Company or who are otherwise authorized to act on behalf of the Company with respect to any matter, other than its officers and managers, and a summary of the terms of such powers or authorizations.

  • Investment Banking Services Except as described in the Registration Statement, the Statutory Prospectus and the Prospectus, during the period beginning 180 days prior to the initial confidential submission of the Registration Statement and ending on the Effective Date, no Member and/or any person associated or affiliated with a Member has provided any investment banking, financial advisory and/or consulting services to the Company.

  • Credit to Other Postsecondary Institutions Complete Articulation Agreement-Student will have to take at least one course at SSC to transfer articulated credit. (College Credit Plus courses apply) For questions, please feel free to contact, Xxxxxx XxXxxxx at 000-000-0000 X0000 or email – Xxxxxxxx@xxxxxxxxxx.xxx • Xxxxxxxxx High School – Web Programming & Design Student: Please complete the upper portion of this application and forward it to your high school program teacher to complete the lower portion. Credit for advanced standing courses will be given at the end of the college semester. Please be sure Xxxxx State College (SSC) has a copy of your final High School Transcript. The student must enroll in at least one course at SSC within one year of high school graduation to be eligible to receive articulated credit(s). The student must successfully complete the SSC course to receive articulated credit(s).

  • Bank Accounts; Powers of Attorney Schedule 3.13 sets forth a complete and accurate list as of the date of this Agreement, of: (a) the name of each financial institution in which the Company has any account or safe deposit box; (b) the names in which the accounts or boxes are held; (c) the type of account; (d) the name of each person authorized to draw thereon or have access thereto; and (e) the name of each person, corporation, firm or other entity holding a general or special power of attorney from the Company and a description of the terms of such power.

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