School Account Sample Clauses

The School Account clause defines the terms and conditions under which a school or educational institution may create and manage an account with a service provider. Typically, this clause outlines who within the school is authorized to set up the account, what information must be provided, and the responsibilities the school assumes for all activities conducted under the account, including those by students or staff. Its core practical function is to establish clear accountability and operational guidelines for institutional use, ensuring that both the provider and the school understand their respective obligations and liabilities.
School Account. The school will provide you with a user name and password for access to school computers, email, network files, and internal web sites. You are responsible for activities on this user account so you must protect your account from being used by others. Be sure to log out of public computers when you are finished with them and do not share your account information with anyone. If you think someone is tampering with your account, contact the Technology Center. You can also change your password at any time by going to a school computer, logging in, and pressing Ctrl + Alt + Del and pressing the “Change Password” option.
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School Account. SCHOOL shall at all times maintain sufficient available funds in a settlement account SCHOOL shall maintain at FI (the “Settlement Account”) to pay the amount of all returned or reversed Debit Entries, Adjustment Entries, fees and other amounts that SCHOOL is obligated to pay FI under this Agreement. FI shall defer credit to the SCHOOL for amounts pending in the Settlement Account with respect to an Entry for three business days. Payment to the SCHOOL for the Debit Entries shall be made in accordance with EFT Agreement. FI shall have the right to payment by SCHOOL of the amount of any returned or rejected Entry for which SCHOOL has previously received credit. FI may, without prior notice or demand, obtain payment of any amount due and payable to it under this Agreement by debiting the Settlement Account, and may credit the Settlement Account for any amount to which SCHOOL is entitled under this Agreement. If there are insufficient funds available in the Settlement Account to pay amounts SCHOOL owes FI under this Agreement, SCHOOL shall pay any amounts due immediately upon demand, and SCHOOL agrees that FI may debit any account maintained by SCHOOL with FI or that FI may set off against any amount it owes to SCHOOL, in order to obtain payment of SCHOOL’s obligations. FI shall not pay any interest to the SCHOOL for funds held in the Settlement Account. SCHOOL acknowledges and understands that funds in the Settlement Account shall be aggregated with and shall be a part of an account with funds from other Schools that also participate in similar programs with MWI and FI.
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Related to School Account

  • Control Account The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 and those entries will, in the absence of manifest error, be conclusive and binding.

  • Special Account For the purposes of this Schedule:

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Special Accounts For the purposes of this Schedule: