MONTHLY ASSESSMENT ACCOUNT Sample Clauses

MONTHLY ASSESSMENT ACCOUNT. (a) The Employer agrees that monies shall be paid to the Monthly Assessment Account administered by the Union. The allocation in cents per hour will be eight cents ($0.08). (b) It is agreed that no part of the Monthly Assessment Account shall be used for strike purposes.
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MONTHLY ASSESSMENT ACCOUNT. It is agreed that the Employer shall contribute eight cents ($0.08) for each hour worked by each employee covered by this Agreement and forward to the Secretary-Treasurer of the Union, together with a list of employees to whom the monies are to be credited, and the names of all employees, on or before the 15th day of the month in which the monies were deducted.
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MONTHLY ASSESSMENT ACCOUNT. It is agreed that the Employer shall contribute eight cents ($0.08) for each hour worked by each employee covered by this Agreement to the Monthly Assessment Account.
Sample 1Sample 2
MONTHLY ASSESSMENT ACCOUNT. (a) The Employer agrees that monies shall be paid to the Monthly Assessment Account administered by the Union. Effective August 1, 2007, the allocation in cents per hour will be eleven cents ($0.11). Effective August 1, 2007 the allocation in cents per hour, for Seasonal / Temporary employees, will be three cents ($0.03). (b) It is agreed that no part of the Monthly Assessment Account shall be used for strike purposes. (c) This assessment shall be forwarded to the Secretary of the Union together with a list of employees to whom the monies are to be credited, and the names, addresses, phone numbers, and social insurance numbers of employees on or before the 15th day of the following month in which the monies were deducted.
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MONTHLY ASSESSMENT ACCOUNT. RELATIONS ..........
Sample 1

Related to MONTHLY ASSESSMENT ACCOUNT

  • Custodial Account Funds in any custodial accounts established by the Servicer and maintained in respect of the REMIC may be invested and, if invested, shall be invested in Eligible Investments selected by the Servicer which shall mature not later than the Business Day immediately preceding the next Remittance Date, and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the REMIC or its nominee. All income and gain realized from any such investment shall be, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, for the benefit of the Servicer as additional compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the relevant account by the Servicer out of its own funds immediately as realized. The foregoing requirements for deposit in such account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in such account and, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, payments in the nature of prepayment fees, late payment charges, assumption fees or any similar fees customarily associated with the servicing mortgage loans paid by any mortgagor need not be deposited by the Servicer in such account and may be retained by the Servicer as additional servicing compensation. If the Servicer deposits in such account any amount not required to be deposited therein, it may at any time withdraw such amount, any provision herein to the contrary notwithstanding.

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