Receipts and Disbursements. If, after the Closing, Buyer receives any --------------------------- funds relating to operations on or production from the Interests prior to the Effective Time, or Seller receives any funds relating to operations on or production from the Interests after the Effective Time, then the party receiving such funds shall account therefor and pay the same to the other party promptly after receipt thereof. Likewise, if Buyer shall be required to pay any amount relating to items of the Interests which accrued to the owner of the Interests before the Effective Time, or if Seller shall be required to pay any amount (not otherwise prohibited by the ten-ns of this Agreement) relating to items of the Interests which accrued to the owner of the Interests after the Effective Time, then the party making such payment shall invoice the other party for the amount of such payment and the party receiving such invoice promptly shall pay the same. Notwithstanding the foregoing, there shall be no accounting for amounts received or paid which have already been taken into account in calculating the Purchase Price. In determining the amount paid by a party accruing during a period of time in respect of ad valorem taxes, the taxes shall be prorated as provided in Section 7.7.
Receipts and Disbursements. All monies received by Property Manager for or on behalf of Owner in connection with the operation or management of the Project shall be promptly deposited by Property Manager in a bank account or accounts established by Property Manager (collectively, the “Operating Account”). Property Manager shall withdraw and pay from the Operating Account such amounts at such times as the same are required in connection with the management and operation of the Project in accordance with the provisions of this Agreement. All monies in the Operating Account are the property of Owner, to be held by Property Manager in trust for Owner in an account designated as “Agent for Owner” and disbursed in accordance with this Agreement. A separate account for tenant security deposits shall be established if required by applicable law or Owner.
Receipts and Disbursements. Xxxxxx Xxxxxx Soccer Club shall properly maintain records, receipts, and disbursements of all funds for each season completed. The appropriate invoice or documentation shall support all disbursements.
Receipts and Disbursements. If, after the Closing, Buyer receives any funds relating to operations on or production from the Merger-Target prior to the Effective Time, or Seller receives any funds relating to operations on or production from the Merger-Target after the Effective Time, then the party receiving such funds shall account therefor and pay the same to the other party promptly after receipt thereof. Oil produced and in the tanks prior to closing shall be measured by both parties prior to closing and if Seller wishes it picked-up by purchaser shall cause it to be done prior to closing. Otherwise, Buyer will pay the net amount to Seller when payment therefore is received by Buyer following closing.
Receipts and Disbursements. The CRWA will ensure strict accountability for all funds of the organization and will require reports on all receipts and disbursements made to, or on behalf of the CRWA.
Receipts and Disbursements. The South Central WorkForce Council will ensure strict accountability for all funds of the organization and will require reports on all receipts and disbursements made on behalf of the Joint Powers Board.
Receipts and Disbursements. Xxxxxx Youth Baseball Association shall properly maintain records, receipts and disbursements of all funds for each season completed. The appropriate invoice or documentation shall support all disbursements.
Receipts and Disbursements. With the approval of the City, ASM shall establish and maintain in one or
I. more depositories one or more operating, payroll and other bank accounts for the t promotion, operation and management of the Facility, which such accounts shall be in the name of the City and with signature authority in a City-designated officer and in such employees of ASM as ASM shall determine. All Operating Revenues collected by ASM shall be deposited into such accounts and Operating Expenses shall be paid by ASM from such accounts. The funding of all of the foregoing accounts shall be made by City to cover all projected Operating Expenses at the Facility to the extent not covered by the Operating Revenues. ASM will promptly report to the Contract Administrator any material change or variance from the Approved Budget and any change to the total expenses (as opposed to any particular line item expense) from that provided for in the Approved Budget (unless such change or variance is a result of, or offset by, a corresponding increase in Operating Revenues).
Receipts and Disbursements. (a) Operator shall establish and maintain in one or more depositories, one or more operating, payroll and other bank accounts for the operation, management, and promotion of CII, in the name of Owner, with Operator as agent and with signature authority in such employees of Operator as Operator shall determine. Operator shall also arrange for signature authority in persons designated by Owner for each such account and shall include monthly statements for each such account in Operator’s monthly reports to Owner pursuant to Exhibit “E” Financial Reporting Procedure. All Gross Revenues collected by Operator shall be deposited into such accounts and Operating Expenses shall be paid by Operator as agent for Owner from such accounts.
Receipts and Disbursements. 12. Adjournment Next regularly scheduled Raleigh County Commission meeting will be held on August 6, 2019 at 10:00 a.m., in the Raleigh County Commission Xxxxxxxx,
