No Commingling of Funds. The accounting systems for all Grantees must ensure that these funds are not commingled with funds from other agencies. Funds from each agency must be accounted for separately. Grantees are prohibited from commingling funds on either a program-by-program or a project-by-project basis. Funds specifically budgeted and/or received for one project may not be used to support another project. Where a Grantee's, or subrecipient's, accounting system cannot comply with this requirement, Grantee, or subrecipient, shall establish a system to provide adequate fund accountability for each project it has been awarded.
i. If Department finds that these funds have been commingled, Department shall have the right to demand a refund, either in whole or in part, of the funds provided to Grantee under this Agreement for non-compliance with the material terms of this Agreement. The Grantee, upon such written notification from Department shall refund, and shall forthwith pay to Department, the amount of money demanded by Department. Interest on any refund shall be calculated based on the prevailing rate used by the State Board of Administration. Interest shall be calculated from the date(s) the original payment(s) are received from Department by Grantee to the date repayment is made by Grantee to Department.
ii. In the event that the Grantee recovers costs, incurred under this Agreement and reimbursed by Department, from another source(s), Grantee shall reimburse Department for all recovered funds originally provided under this Agreement and interest shall be charged for those recovered costs as calculated on from the date(s) the payment(s) are recovered by Grantee to the date repayment is made to Department.
iii. Notwithstanding the requirements of this section, the above restrictions on commingling funds do not apply to agreements where payments are made purely on a cost reimbursement basis.
No Commingling of Funds. The Company shall not commingle the funds and other assets of the Company with those of the Member or of any other person or entity; provided that funds of the Company may be transferred to the Member under a policy to commonly deposit and invest funds if records are maintained that accurately reflect which of such funds are the funds of the Company.
No Commingling of Funds. All Gross Revenues received by TSP shall be identified for deposit into one of the funds established by the Custodian pursuant to the Custody and Revenue Control Agreement and shall be deposited by TSP into such accounts within the time frame designated in such Custody and Revenue Control Agreement. TSP shall not commingle Gross Revenues from the different sources.
No Commingling of Funds. Borrower shall not commingle the funds related to the Project with funds from any other property.
No Commingling of Funds. If at any time during a Loan Default or Loan Event of Default Lessor should receive any amounts payable by Lessee under the Lease Agreement or by Guarantor under the Participation Agreement other than Excepted Payments, or any other proceeds for or with respect to Lessor Collateral, it will hold such amounts in trust for Collateral Agent and not commingle such amounts with any other amounts belonging to or held by Borrower, advise Collateral Agent of such receipt and promptly forward such amounts directly to Collateral Agent.
No Commingling of Funds. The General Partner shall take all necessary actions to ensure that the funds and other property of the Limited Partnership are not commingled with the funds or other property of the General Partner or of any other Partner.
No Commingling of Funds. 13 4.7 Restrictions upon the General Partner........................................ 13 4.8 Representations and Warranties of General Partner............................ 14 4.9 Limitations on Authority of the Limited Partners............................. 14 ARTICLE 5 MANAGEMENT OF THE LIMITED PARTNERSHIP,ACCOUNTING AND FINANCIAL STATEMENTS
No Commingling of Funds. Tenant shall not commingle monies received and held by Tenant from the possession and operation of the Leased Property with any other funds of Tenant or of any other Person.
No Commingling of Funds. The District shall not commingle the Wastewater System Revenues with any other funds of the District, including, without limitation, those allocable to the Water System. The District shall account for all Wastewater System Revenues separately from any other revenues of the District, including with separate financial statements.
No Commingling of Funds. The SPE will not commingle its funds or other assets with the funds or other assets of any other entity and shall not maintain any funds or other assets in such a manner that it will be costly or difficult to segregate, ascertain or identify its individual funds or other assets from those of its owners or any other person.
