Management of Funds. 5.1 It is understood and agreed by and between the parties that a fiduciary duty is created in the Recipient with respect to expenditure of the revenue provided.
Management of Funds. The Recipient must:
Management of Funds. The Land Bank executive director, or other individual designated by the Board, shall be designated the fiscal agent of the Land Bank’s account established for the management of sales proceeds, monetary contributions made by the Parties, and other Land Bank funds. Standard accounting procedures shall be used in the management of the accounts.
Management of Funds. To hold, invest, reinvest, manage and administer (except as otherwise provided herein) all contributions so received, together with the income therefrom and any other increment thereon, for the benefit of Participants and their Beneficiaries in accordance with the terms of this Agreement.
Management of Funds. 5.1 The Chamber, on an annual basis, shall provide to the City, its budget for the upcoming year, said budget to be approved by the City Council in writing in advance of the release of any local hotel occupancy tax funds. It is understood and agreed by and between the parties that, upon budget approval by the municipality, a fiduciary duty is created in the Chamber with respect to the expenditure of occupancy tax revenue provided.
Management of Funds. The Recipient must: ensure that the Funds are held in an account in the Recipient’s name and which the Recipient solely controls, with a deposit-taking institution authorised under the Banking Act 1959 (Cth) to carry on banking business in Australia; and identify the receipt and expenditure of the Funds separately and any interest accrued on the Funds within the Recipient’s accounts and records so that the Funds are identifiable at all times. Notwithstanding clause 27(a)(i), the Department may, following the Commencement Date and by written notice, require the Recipient to ensure that the account referred to in clause 27(a)(i) is: established solely for the purposes of this Agreement; and separate from the Recipient’s other operational accounts. Appointment of subcontractors Where the Recipient engages another party to deliver or assist in the delivery of any components of the Project, the Recipient must enter into a contract with that party and that contract must be consistent with the terms of this Agreement. The Recipient is responsible for the performance of the Recipient’s responsibilities under this Agreement regardless of whether the Recipient has subcontracted any of its obligations. The Recipient must not enter into a subcontract under this Agreement with a subcontractor that is currently named as not complying with the Workplace Gender Equality Act 2012 (Cth). If requested, the Recipient must promptly provide to the Department a copy of any contract relating to the Project and/or any Material relating to the engagement of the subcontractor. Participation in evaluations, analysis and scientific monitoring Evaluation and analysis of the Project The Recipient must participate, as reasonably required by the Department, in studies, evaluations and other activities intended to analyse the success of the Project or Programme in achieving the Programme Outcomes. Such participation may, where required by the Department, include but not be limited to: attending relevant conferences and forums in which evaluations and analysis are being undertaken; allowing third parties access to the Site to undertake analysis and evaluation of the Programme and the Project; making data, records and other information (including reports) available to third parties for the purposes of evaluation and analysis; and participating in other monitoring and evaluation activities as requested by the Department.
Management of Funds. The Recipient must: ensure that the Funds are held in an account in the Recipient’s name and which the Recipient solely controls, with a deposit-taking institution authorised under the Banking Xxx 0000 (Cth) to carry on banking business in Australia; if specified in Item 3.3 of the Project Particulars, ensure that the account referred to in clause 5.5(a) is: established solely for the purposes of this Agreement; and separate from the Recipient’s other operational accounts; and identify the receipt and expenditure of the Funds separately within the Recipient’s accounts and records so that the Funds are identifiable at all times.
Management of Funds. Any such funds, money or amounts now or hereafter in the possession of Servicers may be commingled with other funds of Servicers, or, in the case of any funds held pursuant to the foregoing paragraphs, with any other funds of other customers of Servicers. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, Servicers are hereby authorized by You at any time and from time to time, without notice or demand to You or to any other person (any such notice and demand being hereby expressly waived), to set off, recoup and to appropriate and to apply any and all such funds against and on account of your obligations to Servicers and their affiliates under this Agreement and any other agreement with Servicers or any of Servicers’ affiliates for any related equipment or related services (including any check services), whether such obligations are liquidated, unliquidated, fixed, contingent, matured or unmatured.
Management of Funds. The Organisation must:
Management of Funds. The RA shall, in accordance with this RFA, receive the Funds from LOCCS in the form of a deposit to the Retrofit Disbursement Account, and promptly disburse the Funds. These Funds must be deposited in a non-interest bearing Retrofit Disbursement Account.
