Segregated Operating Account. Upon the mutual execution and delivery of this Agreement, Manager shall establish a dedicated and segregated bank account at Manager’ s primary bank (“Segregated Operating Account”), for the purposes of receiving monies payable by and to Client hereunder, and for reimbursing Manager for expenses advanced by Manager with respect to the Aircraft.
Appears in 2 contracts
Samples: Executive Aircraft Management and Charter Services Agreement (Oxbridge Acquisition Corp.), Executive Aircraft Management and Charter Services Agreement (Oxbridge Acquisition Corp.)
Segregated Operating Account. Upon the mutual execution and delivery of this Agreement, Manager shall establish a dedicated and segregated bank account at Manager’ ' s primary bank (“"Segregated Operating Account”"), for the purposes of receiving monies payable by and to Client hereunder, and for reimbursing Manager for expenses advanced by Manager with respect to the Aircraft.
Appears in 1 contract
Samples: Executive Aircraft Management and Charter Services Agreement (Jet Token Inc.)
Segregated Operating Account. Upon the mutual execution and delivery of this Agreement, Manager shall establish a dedicated and segregated bank account at Manager’ s ’s primary bank (“Segregated Operating Account”), for the purposes of receiving monies payable by and to Client hereunder, and for reimbursing Manager for expenses advanced by Manager with respect to the Aircraft.
Appears in 1 contract
Samples: Executive Aircraft Management Agreement (Oxbridge Acquisition Corp.)
