THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower upon, and other disbursements shall be made by the Borrower solely from, the Operating Account.
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Lead Borrower upon, and other disbursements shall be made by the Lead Borrower solely from, the Operating Account.
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower upon, and other disbursements shall be made by the Borrower solely from, the Operating Account or an Exempt DDA.
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Loan Parties upon, and other disbursements shall be made by the Loan Parties solely from, the Operating Account. Until the occurrence, and during the continuance, of an Event of Default, as provided in the agreement with the depository with which the Operating Account has been established, the Lender shall not be entitled to exercise any dominion or control over the funds in the Operating Account.
THE OPERATING ACCOUNT. (a) Funds in the Operating Account of each Borrower shall be utilized to fund disbursements made by such Borrower, including, without limitation, from any expense accounts maintained by such Borrower.
(b) After the occurrence and during the continuance of any Event of Default or at any time that Average Excess Availability for any five (5) consecutive Business Days is less than $30,000,000, NCB shall not be obligated to permit any outgoing ACH transfers unless the amount of the proposed transfer is fully prefunded in accordance with the requirements and practices of NCB.
THE OPERATING ACCOUNT. The Borrowers will promptly deposit, or cause to be deposited, all Items of Payment to a demand deposit account, or other deposit account approved by and, with the Lender.
THE OPERATING ACCOUNT. 1.4 The Costs relating to the purpose of the Contract shall be recorded in the Operating Account in the Period in which they are incurred in accordance with the classifications of Costs published by the Fund and in accordance with the provisions of subsection 1.7 of this Annex 4.
1.5 For purposes of the payment of Considerations, the amounts of the items referenced in the subsection above will not be adjusted for inflation for purposes of their recovery.
1.6 The Operator shall not duplicate Costs that have already been recorded in the Operating Account. If the Consortium participates in more than one Contract, the Operator may only record the amounts supported and/or detailed by the “Digital Tax Vouchers via the Internet” (“Comprobante Fiscal Digital por Internet”) and/or receipts for residents abroad that correspond to the Costs actually incurred for the performance of activities under the Contract. [illegible signatures]
1.7 The Operator must record the Costs by category under, Activity, Sub-activity and Task; Cost Center; cost category and import account established for such purposes on the Fund’s information system in accordance with the Work Program and Budget authorized by CNH. With respect to the Activities, Sub-activities and Tasks, the following categories should be included, as applicable: Exploration General Technical economic evaluations. Information gathering. Administration, management of activities and project expenses. Information review and evaluation. Geophysical Seismic acquisition, 2D, 3D, 4D, multicomponent. Pre-processing, processing, interpretation and reprocessing of seismic data. Magneto metric elevations, acquisition, processing and interpretation. Gravimetric elevations, acquisition processing and interpretation. Geology Geochemical analysis of samples. Stratigraphic studies Hydrocarbon Analysis. Regional geological studies. Detail geological studies.
THE OPERATING ACCOUNT. (a) Except as otherwise specifically provided in, or permitted by, this Agreement, funds in the Operating Account of each Division shall be utilized to fund disbursements made by such Division, including, without limitation, from any expense accounts maintained by such Division, provided that funds in the Operating Account for the Filene's Business may be distributed to the Lead Borrower in the ordinary course to the extent necessary in order that the Lead Borrower may pay the expenses of the Filene's Business consistent with the parties' prior practices.
(b) After the occurrence and during the continuance of any Event of Default or at any time that Average Excess Availability for any five (5) consecutive Business Days is less than $48,000,000.00, NCB shall not be obligated to permit any outgoing ACH transfers unless the amount of the proposed transfer is fully prefunded in accordance with the requirements and practices of NCB.
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrowers upon, and other disbursements shall be made by the Borrowers solely from, the Operating Account and the Local Disbursement Accounts..
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all check clearings and other disbursements shall be funded by the Lead Borrower solely from, the Operating Account.
