Owner’s account Sample Clauses

Owner’s account. All amounts payable to the Owner hereunder shall be made free of bank charges in immediately available United States Dollar funds by wire transfer to such account as the Owner shall advise the Guarantor from time to time in writing.
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Owner’s account. All payments to the Owner shall be made by wire transfer of immediately available federal funds to the following account (the “Owner’s Account”): Bank Dallas, Texas Account of: DALLAS CONVENTION CENTER HOTEL DEVELOPMENT CORPORATION Account Number: ABA Number: Attention: with sufficient information to identify the source and application of such funds and with written confirmation as provided herein.
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Owner’s account. All Restaurant receipts (including all cash and credit card receipts) shall be deposited on a daily basis (except for weekends or bank holidays where funds shall be deposited on the first available business day) into an account in the name of and under Owner's sole control ("Owner's Account") and shall be confirmed by the Cashier. Most of the daily expenses of the Restaurant shall be paid for from the Working Capital Account; however any rent payments due the City, the State of Florida or any affiliate of Owner for rent; real estate taxes, and capital expenditures shall be paid for from the Owner's Account. Operator shall prepare for Owner's signature all checks for such payments, which payments shall be consistent with the Annual Operating Budget. Operator shall also prepare monthly account reconciliations for the Owner's Account and provide the same to Owner together with the Monthly Statement. The Owner Account reconciliations shall be certified as true and correct by Stephen J. Kneapler on behalf of Operator.
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Owner’s account. The Co-Manager agrees not to access the Owner’s Burbz account and, instead, will utilize the Co-Manager’s personal Burbz account.
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Owner’s account. Owner transfers $500 to Manager as an account-opening deposit. Owner agrees to maintain a minimum cash reserve of $500 in addition to and separate from any security deposits. This cash reserve shall be used as needed to pay costs diligently incurred by Manager or due Manager in fulfilling Manager’s obligations, including but not limited to advertising expenses, approved maintenance, recurring bills and Manager’s fees associated with Property. Security deposit funds may not be used towards expenses unless chargeable to the Tenant after the Tenant vacates the property. Owner agrees to advance additional funds when necessary to maintain the minimum reserve or pay expenses as needed. Manager is not obligated to, in the management of Property, expend on behalf of Owner funds not available in Owner’s account. Owner agrees to submit funds within 10 days after a request for additional funds is made. When for any reason funds in Owner’s account are insufficient to pay all liabilities for Property, funds will be disbursed in the following order of priority: a) any fees, charges or expenses due under this agreement, b) delinquent maintenance invoices, c) delinquent utility bills, d) mortgage payments, e) maintenance invoices, f) utilities and other bills, g) cash reserve maintenance and h) owner distribution. Owner agrees to pay late charges, interest and any other penalties caused by lack of sufficient funds when Manager has requested such funds.
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Owner’s account 
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Related to Owner’s account

  • Omnibus Account The parties agree that, with respect to each Fund, a single omnibus account held in the name of the Nominee shall be maintained for those Plan assets directed for investment directly in the Fund, and a single omnibus account held in the name of ING Life shall be maintained for those Plan assets directed for investment in the Fund through the Contracts (collectively, the "Accounts.") ING Life as issuer of the Contracts or as service agent for the Plans, shall facilitate purchase and sale transactions with respect to the Accounts in accordance with the Agreement.

  • Separate Account If Student-Generated Content is stored or maintained by the Provider, Provider shall, at the request of the LEA, transfer, or provide a mechanism for the LEA to transfer, said Student- Generated Content to a separate account created by the student.

  • Certificate Account and Special Payments Account (a) The Trustee shall establish and maintain on behalf of the Certificateholders a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold the Certificate Account in trust for the benefit of the Certificateholders, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee under the Intercreditor Agreement, the Trustee upon receipt thereof shall immediately deposit the aggregate amount of such Scheduled Payment in the Certificate Account.

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

  • Omnibus Accounts The Custodian may hold Foreign Securities and related Proceeds with one or more Foreign Sub-custodians or Eligible Securities Depositories in each case in a single account with such Sub-custodian or Securities Depository that is identified as belonging to the Custodian for the benefit of its customers; provided however, that the records of the Custodian with respect to Securities and related Proceeds that are property of the Company maintained in such account(s) shall identify by book-entry those Securities and other property as belonging to the Company.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Disbursement Account 12.1 The Lender is obligated to keep the bank account information provided on the Platform up to date. The account shall be managed by a bank within the Single Euro Payment Area (hereinafter “SEPA”).

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

  • Control Accounts; Approved Deposit Accounts Each Loan Party shall (i) deposit in an Approved Deposit Account all Cash it receives, (ii) not establish or maintain any Securities Account or Commodities Account that is not a Control Account and (iii) not establish or maintain any Deposit Account other than an Approved Deposit Account, provided however that notwithstanding the foregoing, each Loan Party may (w) maintain zero-balance accounts for the purpose of managing local disbursements and collections and may maintain payroll, withholding tax and other fiduciary accounts, (x) maintain accounts into which amounts are paid by a governmental entity pursuant to one or more Health Care Laws so long as the amounts on deposit therein are transferred each Business Day to an Approved Deposit Account or any other account permitted to be so utilized under this Section 5.14, (y) maintain other accounts as long as the aggregate monthly average daily balance over the immediately preceding 12-month period for all such Loan Parties in all such other accounts does not exceed $3,000,000 at any time and (z) make pledges or cash deposits permitted by Section 6.02.

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