TREATMENT OF FUNDS. 5.1 The financial services provider shall forthwith deposit all monies received, in connection with the management of investments, to the credit of the client into the clients: Account name: Name of bank: Bank account number: Bank account branch code: Any other banking details:
5.2 Cash accruals (including dividends and interest), which are not re-invested, that the financial services provider receives on behalf of the client shall be deposited by the financial services provider into the clients’ bank/investment account in terms of this mandate.
5.3 The financial services provider shall not receive any lump sum deposits or monies or cash in whatsoever form relevant to the investments.
5.4 Cash accruals, including interest that the client receives will be re-invested by the financial services provider on a limited discretionary basis in terms of this mandate, unless otherwise specifically indicated by the client.
TREATMENT OF FUNDS. To the extent Agent receives any funds either from the Debtors directly on account of the Indebtedness or as proceeds of Collateral, Agent shall retain such funds in trust for the benefit of the Creditors and shall immediately remit the same to the Creditors in proportion to the principal amount of Debentures then held by the Creditors.
TREATMENT OF FUNDS. NeoGenesis shall monitor expenditures, in accordance with its corporate policies, to ensure that the funds provided by OGS are spent in accordance with this Agreement. NeoGenesis shall keep and maintain adequate books and records to furnish complete and accurate information to OGS regarding calculation of the amounts expended by NeoGenesis on the Program according to the provisions of this Agreement. During the Program Term and for three (3) years following the expiration of the Program Term, NeoGenesis shall permit OGS to examine such books and records during normal business hours, upon thirty (30) days notice to NeoGenesis. Upon the expiry of the three (3) year period, the calculation of the amounts expended on each year of the Program shall be binding and conclusive upon the parties and NeoGenesis shall be released from any further accountability with respect to the Program.
TREATMENT OF FUNDS. 7.1. Rand Swiss shall deposit monies, received in connection with providing the Financial Services, into Rand Swiss’ inflow account: Account Name: Rand Swiss Bank: Nedbank Branch: Sandton City (197 005) Account No.: 0000000000
7.2. Alternatively, at Rand Swiss’ option, the monies entrusted to Rand Swiss will initially be deposited, pending investment, in the trust account or inflow account of a Financial Product Provider or an account in the Client’s name, held with a Financial Product Provider.
7.3. Rand Swiss shall forthwith deposit all cash accruals, including interest, dividends, proceeds of disposal and cash received in connection with providing Financial Services, to the credit of the Client, into the Clients account held with a Financial Product Provider.
TREATMENT OF FUNDS. The Discretionary FSP will forthwith deposit all money received from the client for the purpose of managing their investments as defined in this mandate, directly into the bank account of the Investment Company or their nominee company where such funds are to be placed for the future management of the investment. All Cash accruals due (including dividends and interest) which are paid by the Investment Company may be deposited directly into the clients nominated bank account as they accrue and fall due (Please provide details of such account in Annexure B) or be reinvested by the Discretionary FSP in terms of this mandate at the request of the client as indicated in 8 above.
TREATMENT OF FUNDS. A. The monies constituting the Indemnity Fund shall be deposited into a segregated, interest-bearing money market account of the Escrow Agent known as The Capital Reserve Account. Such account (the “Indemnity Escrow Account”) shall be styled the Regional Enterprises Indemnity Escrow Account. The Indemnity Fund shall not be deposited into an account other than the Indemnity Escrow Account without the prior written consent of Buyer and Shareholders’ Agent.
B. The monies constituting the NS Property Fund shall be deposited into a segregated, interest-bearing money market account of the Escrow Agent known as The Capital Reserve Account. Such account (the “NS Property Escrow Account”) shall be styled the Regional Enterprises NS Property Escrow Account. The NS Property Fund shall not be deposited into an account other than the NS Property Escrow Account without the prior written consent of Buyer and Shareholders’ Agent.
TREATMENT OF FUNDS. (a) Project Company shall deposit all Total Capital and Registered Capital that consists of cash (including Project Company loan proceeds) in an account maintained with a commercial bank established or licensed in the Lao PDR. In the use of such funds, Project Company shall at all times comply with applicable Lao PDR Law.
(b) Subject to the Lao PDR Law and the required Authorizations under the applicable Lao PDR Laws, the Project Company shall be entitled to establish and maintain offshore bank accounts and to receive, hold and effect payments and distribution in foreign currency outside Lao PDR; provided that the Project Company shall report on the transaction of the offshore bank accounts to the Bank of Lao PDR in accordance with the regulations as set by the Bank of Lao PDR from time to time.
TREATMENT OF FUNDS. The financial services provider shall forthwith deposit all monies received, in connection with the management of investments, to the credit of the client into the clients JSE Trustees account, account number as set out in “Schedule: Client Details” attached hereto. Cash accruals (including dividends and interest) that the financial services provider receives on behalf of the client shall be deposited by the financial services provider into the clients’ JSE Trustees account in terms of this mandate. Cash accruals, including interest that the client receives will be re-invested by the financial services provider on a discretionary basis in terms of this mandate, unless otherwise specifically indicated by the client. Disbursements will be made quarterly.
TREATMENT OF FUNDS. Funds in ePockets will be reflected online separately from the balance of the spending portion of your Emerald Card Account. The Emerald Card balance reflected in Account Alerts and the (Tap) for Balance Service will not reflect funds in ePockets. Your ePockets do not constitute a checking or savings account, regardless of how you choose to name them. You will not receive any interest on your funds in your ePockets. Funds in your ePockets will remain FDIC insured to the maximum amount permitted by law.
TREATMENT OF FUNDS. All funds are to be paid by the client directly to the applicable Linked Investment Service Provider (LISP).
