Prepaid Deposits Sample Clauses

Prepaid Deposits. Seller’s prepaid items and deposits (including but not limited to any and all workers compensation deposits) arising out of or relating to the ownership or operation of the Business by Seller prior to the Closing Date.
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Prepaid Deposits. Each Trustor shall deposit, in accordance with and to the extent required by the Applicable State Law, all monies received which constitute Accumulated Deposits or Prepaid Funds into that Trustor’s Preneed Trust. Trustee shall not be responsible for any Accumulated Deposits or Prepaid Funds that shall be deposited pursuant to this Trust Agreement until such Accumulated Deposits or Prepaid Funds shall have been actually delivered to Trustee for deposit into a particular Trustor’s Preneed Trust. It is further agreed that inasmuch as Trustee shall rely upon the accuracy of the information and documentation furnished by each Trustor, such Trustor agrees to hold Trustee, including its directors, officers, employees and agents, harmless against any and all loss, cost or expenses incurred by Trustee resulting from such reliance, which is not attributable, in whole or in part, to Trustee’s gross negligence or willful misconduct. Trustee agrees to accept all Accumulated Deposits or Prepaid Funds deposited on behalf of each Trustor and to maintain such accounts and records as are necessary to carry out its obligations as Trustee. Trustee shall establish at least one separate and distinct Preneed Trust for each Trustor that has adopted the terms and provisions of this Trust Agreement pursuant to Article II hereof. Trustee may establish more than one Preneed Trust for a single Trustor if so specified by that Trustor or required by the Applicable State Law, provided that the procedures and requirements for establishing a Preneed Trust under this Trust Agreement are complied with separately for each separate Preneed Trust. Each separate Preneed Trust shall be handled by Trustee in like manner as if each such Preneed Trust were governed by its own separate and distinct trust agreement with terms identical to those contained in this Trust Agreement. Trustee shall have no duty whatever to investigate the activities of any Trustor or to determine or inquire as to any Trustor’s operations or the accuracy of information provided by any Trustor. Trustee shall not be responsible for determining whether any Trustor has complied with requirements under the Applicable State Law concerning the timing or amount of Accumulated Deposits to be deposited with Trustee.
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Prepaid Deposits. All prepaid deposits, items and fees, prepaid expenses and costs of the Business;
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Prepaid Deposits. All prepaid Advance Deposits relating to Bookings assumed by Buyers.
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Prepaid Deposits. 5) Prepaid advertising
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Prepaid Deposits. 21 Section 9.16 Performance Bond ....................................................................................... 21 Section 9.17 Digital Telephone Systems, Inc. .................................................................. 21 ARTICLE X RESERVED
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Prepaid Deposits. Buyer hereby agrees, covenants, warrants that Buyer shall pay, reimburse or otherwise fully indemnify Seller, for, from and against any of the amounts described as prepaid deposits related to the customers listed in the Disclosure Schedule in the event Buyer fails or refuses to perform its obligations under the Assigned Contracts for any such customer for which a prepaid deposit was previously received by Seller.
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Prepaid Deposits. LESSEE shall pay to LESSOR upon the execution of this Lease, prepaid rent in the amount as determined in Article 1.9, which amount shall be allocated towards the payment of the minimum rent for the first month specified in Article 1.1.
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Prepaid Deposits. All prepaid amounts under Operating Contracts actually assumed by Purchaser shall be adjusted. Three (3) business days before the Closing Date, Seller shall provide Purchaser with a complete schedule (the "Reservation Schedule") of post-closing customer reservations, which Reservation Schedule shall list (a) the party for whose benefit the reservation was made and the date and time therefor; (b) the amount of any other deposits made for advance banquets and/or future services to be provided after the Closing Date. Purchaser may elect to receive a credit for such deposits and arrange with the depositor for the banquets or other service. If Purchaser does not so elect, Seller shall refund such deposits and pay all claims or damages related thereto. Seller shall accept no reservations or deposits for services to be rendered after the Closing Date.
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Related to Prepaid Deposits

  • Cash Deposits Within the limitations of this Subsection, Purchaser shall make cash deposits to meet Purchaser’s obligations within 15 days of billing by Forest Service. Deposits shall be made to Forest Service, U.S.D.A., by mail or delivery to the address to be fur- nished by Forest Service. Forest Service shall explain the bill at the time it requests each deposit.

  • Deposit Liabilities Assume and thereafter discharge, pay in full and perform all of BANK ONE's obligations and duties relating to the "Deposit Liabilities" (as hereinafter defined). The term "Deposit Liabilities" is defined herein as all of BANK ONE's obligations, duties and liabilities of every type and character relating to all deposit accounts, other than (i) XXXXX accounts and (ii) deposit accounts securing any loan of BANK ONE which is not an Office Loan, for which BUYER assumes no liability, which, as reflected on the books of BANK ONE as of the close of business on the Closing Date, are attributable to the Offices. The deposit accounts referred to in the immediately preceding sentence (hereinafter the "Deposit Accounts") include, without limitation, passbook, statement savings, checking, Money Market, and NOW accounts, Individual Retirement Accounts for which BANK ONE has not received, on or before the Closing Date, the written advice from the account holder of such account holder's objection or failure to accept BUYER as successor custodian ("IRA's") and certificates of deposit. The "obligations, duties and liabilities" referred to in the immediately preceding sentence include, without limitation, the obligation to pay and otherwise process all Deposit Accounts in accordance with applicable law and their respective contractual terms and the duty to supply all applicable reporting forms for periods following the Closing Date including, without limitation, IRS Form 1099 reports relating to the Deposit Accounts to be filed and provided after the Closing Date. With regard to each XXX included within the Deposit Accounts, BUYER shall also assume the appropriate plan pertaining thereto and the trustee or custodial arrangement in connection therewith.

  • 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.

  • Interest on Deposit Liabilities The Assuming Institution agrees that, from and after Bank Closing, it will accrue and pay interest on Deposit liabilities assumed pursuant to Section 2.1 at a rate(s) it shall determine; provided, that for non-transaction Deposit liabilities such rate(s) shall not be less than the lowest rate offered by the Assuming Institution to its depositors for non-transaction deposit accounts. The Assuming Institution shall permit each depositor to withdraw, without penalty for early withdrawal, all or any portion of such depositor's Deposit, whether or not the Assuming Institution elects to pay interest in accordance with any deposit agreement formerly existing between the Failed Bank and such depositor; and further provided, that if such Deposit has been pledged to secure an obligation of the depositor or other party, any withdrawal thereof shall be subject to the terms of the agreement governing such pledge. The Assuming Institution shall give notice to such depositors as provided in Section 5.3 of the rate(s) of interest which it has determined to pay and of such withdrawal rights.

  • Interest Bearing Deposits Upon receipt of Proper Instructions directing the Custodian to purchase interest bearing fixed term and call deposits (hereinafter referred to collectively, as "Interest Bearing Deposits") for the account of the Fund, the Custodian shall purchase such Interest Bearing Deposits in the name of the Fund with such banks or trust companies (including the Custodian, any Subcustodian or any subsidiary or affiliate of the Custodian) (hereinafter referred to as "Banking Institutions") and in such amounts as the Fund may direct pursuant to Proper Instructions. Such Interest Bearing Deposits may be denominated in U.S. Dollars or other currencies, as the Fund may determine and direct pursuant to Proper Instructions. The Custodian shall include in its records with respect to the Assets of the Fund appropriate notation as to the amount and currency of each such Interest Bearing Deposit, the accepting Banking Institution and all other appropriate details, and shall retain such forms of advice or receipt evidencing such account, if any, as may be forwarded to the Custodian by the Banking Institution. The responsibilities of the Custodian to the Fund for Interest Bearing Deposits accepted on the Custodian's books in the United States shall be that of a U.S. bank for a similar deposit. With respect to Interest Bearing Deposits other than those accepted on the Custodian's books, (a) the Custodian shall be responsible for the collection of income as set forth in Section 2.15 and the transmission of cash and instructions to and from such accounts; and (b) the Custodian shall have no duty with respect to the selection of the Banking Institution or, so long as the Custodian acts in accordance with Proper Instructions and the terms and conditions of this Agreement, for the failure of such Banking Institution to pay upon demand. Upon receipt of Proper Instructions, the Custodian shall take such reasonable actions as the Fund deems necessary or appropriate to cause each such Interest Bearing Deposit account to be insured to the maximum extent possible by all applicable deposit insurers including, without limitation, the Federal Deposit Insurance Corporation.

  • Advance Deposits All prepaid rentals, room rental deposits, and all other deposits for advance registration, banquets or future services to be provided on and after the Closing Date shall be credited to Buyer.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Contracts Loans Checks and Deposits SECTION 1 – LOANS At the discretion of the BOD loans may be contracted.

  • Prepaid Items Any prepaid items, including, without limitation, fees for licenses which are transferred to the Purchaser at the Closing and annual permit and inspection fees shall be apportioned between the Seller and the Purchaser at the Closing.

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