Project Bank Account Sample Clauses

Project Bank Account. ASNI and RBC will open a Two signature Project Account at First Security Bank of Nevada for the deposit of all income generated by the Family Survival Kit Project. This Account will be activated once the Family Survival Kit Project Infomercial and product sales begin and project income is being generated. All gross income from the Family Survival Kit will be deposited into this account and the Account will be exclusively utilized to distribute monthly (1) Project expense reimbursement including marketing and advertising cost (2) Monthly management fee to ASNI (3) Return of initial contribution to RBC and (4) Pro-rata Sharing to RBC and ASNI.
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Project Bank Account. 10.13.1 For the purposes of this clause 10.13, the following words and expressions shall have the following meanings assigned to them: (a) “Bank Instruction” means a document instructing the Project Bank to make payments to the Contractor and PBA Sub-Contractors. (b) “PBA Sub-Contractors” means the Sub-Contractors stated in the Appendix and other Sub-Contractors who have signed the PBA Sub-Contractor Joining Deed. (c) “PBA Sub-Contractor Joining Deed” means an agreement in the form appended to the Contract Specific Conditions under which a Sub-Contractor joins the Trust Deed. (d) “Project Bank” means the bank identified in the Appendix: Contract Particulars. (e) “Project Bank Account” means the account used to receive payments from the Employer and the Contractor and to make payments to the Contractor and PBA Sub- Contractors. (f) “Trust Deed” means an agreement in the form appended to the Contract Specific Conditions which contains provision for administering the Project Bank Account. 10.13.2 (a) Subject to clause 10.13.8, the Contractor shall establish the Project Bank Account with the Project Bank within three weeks of the date of this Contract. (b) The Contractor shall pay any charges made and shall be paid any interest paid by the Project Bank in respect of the Project Bank Account. Subject to clause 10.13.8, the charges and interest by the Project Bank are not included in the Contract Sum. (c) The Contractor shall submit to the Employer’s Representative for acceptance details of the banking arrangements for the Project Bank Account. The Employer’s Representative may reject the banking arrangements where they do not provide for payments to be made in accordance with this Contract. The Contractor shall provide to the Employer’s Representative copies of communications with the Project Bank in connection with the Project Bank Account. 10.13.3 (a) The Contractor shall include in its contracts with PBA Sub-Contractors the arrangements in this Contract for the operation of the Project Bank Account and Trust Deed. The Contractor shall inform the PBA Sub- Contractors of the details of the Project Bank Account and the arrangements for payment of amounts due under their contracts. (b) The Contractor shall submit proposals for adding a Sub- Contractor to the PBA Sub-Contractors to the Employer’s Representative for acceptance. The Employer’s Representative may reject the addition of the Sub-Contractor where such addition does not comply with the Scope. The Employ...
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Project Bank Account. (a) The Non-Owner Participant must establish a separate bank account for the purposes of this Agreement (Project Bank Account).
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Project Bank Account. If Option Y(UK)1 is used named suppliers are Data for the Schedule of Cost Components (used only with Options C, D or E) The listed items of Equipment purchased for work on the contract, with an on cost charge, are Equipment time-related on cost charge per time period The rates for special Equipment are Equipment rate The rates for Defined Cost of manufacture and fabrication outside the Workings Areas by the Subcontactor are category of person rate The rates for Defined Cost of design outside the Workings Areas are category of person rate The categories of design people whose travelling expenses to and from the Working Areas are included as a cost of design of the works and Equipment done outside the Working Areas are Data for the Short Schedule of Cost Components (used only with Options A or B) The people rates are category of person unit rate The published list of Equipment is the edition current at the Subcontact Date of the list published by The percentage for adjustment for Equipment in the published list is % (state plus or minus) The rates for other Equipment are Equipment rate The rates for Defined Cost of manufacture and fabrication outside the Workings Areas by the Subcontactor are category of person rate The rates for Defined Cost of design outside the Workings Areas are category of person rate
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Project Bank Account. If Option Y(UK)1 is used The project bank is named suppliers are Data for the Schedule of Cost Components (used only with Options C or E) The overhead percentages for the cost of support people and office overhead are location overhead percentage % % % Data for the Short Schedule of Cost Components (used only with Option A) The people rates are category of person unit rate Appendices:
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Related to Project Bank Account

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

  • Location of Bank Accounts Schedule 6.01(v) sets forth a complete and accurate list as of the Effective Date of all deposit, checking and other bank accounts, all securities and other accounts maintained with any broker dealer and all other similar accounts maintained by each Loan Party, together with a description thereof (i.e., the bank or broker dealer at which such deposit or other account is maintained and the account number and the purpose thereof).

  • Disbursement from the Bank Account 4.1 Subject to 4.3 below, if by the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount or the Minimum Securities Amount, as indicated by the Subscription Information submitted to the Escrow Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow Agent shall promptly notify the Issuer of its distribution of the Fund.

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Deposits to the Bank Account 3.1 The Selling Agents shall promptly deliver to the Escrow Agent all monies which they receive from prospective purchasers of the Securities, which monies shall be in the form of checks or wire transfers. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “HIGHTIMES HOLDING CORP.’s. Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the applicable Selling Agent (together with any Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

  • Establishment of Bank Accounts On or before the Closing Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of ), each in the name “ , as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “, to be designated as follows:

  • Establishment of the Bank Account 2.1 The Escrow Agent shall establish a non-interest bearing bank account at a branch of XX Xxxxxx Chase selected by the Escrow Agent, and bearing the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, or wire transfers) which are received by the Underwriter from prospective purchasers of the Securities and are delivered by the Underwriter to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.

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