Withdrawals and Disbursements a. Withdrawals and disbursements may be made in U.S. dollars and via the withdrawal and disbursement methods set forth in Schedule 2 (Funds Availability, Transaction Limits and EFT Disclosures) and Schedule 5 (Debit Card Agreement) included herewith.
Withdrawals and Disbursements. Withdrawals and disbursements may only be made in U.S. dollars, by EFT, including domestic (United States) ACH transactions or in our sole discretion, by wire transfers or by check we issue. This agreement is subject to Article 4A of the Uniform Commercial Code – Funds Transfer as adopted in the state in which you have your account with us.
Withdrawals and Disbursements. Provided no Event of Default shall have occurred and be continuing under any of the Loan documents, all Funds deposited by Borrower and held by Lender as Collateral during the term of the Loan shall be available for use by Borrower upon receipt of Borrower's written request therefor, except that no disbursement of Collateral shall be made by Lender hereunder which would cause the remaining balance of the Funds to be less than the outstanding principal under the Note (the "Funds Minimum Balance"). Lender shall disburse Funds to Borrower not more frequently than once per calendar quarter upon receipt of Borrower's written request therefor.
Withdrawals and Disbursements. Withdrawals or disbursements from the Naming Proceeds Account in excess of $1,000 for any single transaction or $15,000 total for any calendar month shall only be made upon the signatures of either two current officers of the Foundation or the Executive Director of CoSA and one current officer of the Foundation (neither of which individuals shall be related by blood or marriage), and upon the prior written approval of the Superintendent or other administrative officer of the District identified for such purpose by the Board of Trustees of the District. Should the District from time to time determine that additional control procedures should be adopted to assure that all expenditures are being made in a manner consistent with this Agreement, the District shall have the right to request the same, and the District and the Foundation shall discuss the implementation of the same in good faith and shall confirm in writing any additional accounting control procedures so agreed upon.
4.3.1 The Superintendent or other identified administrative officer shall approve withdrawals and/or disbursements to cover any direct costs incurred for the name plates, plaques, tiles or other forms of commemorative display affixed or installed in connection with donations made with respect to the Center and/or its Eligible Components, so long as (a) such name plates, plaques, tiles or other forms of commemorative display have been approved in format by the District in accordance with this Agreement, and (b) the amount of such costs is reasonable.
4.3.2 In order for the District to meet its oversight obligations, the Foundation on an annual basis (or more frequently, if requested by the District/Foundation) shall submit to the District a proposed budget for the expenditure of the interest, dividends, market appreciation or other earnings (“the income”) derived from the assets held in the Naming Proceeds Account. The proposed budget shall set forth with reasonable particularity the line items for which such expenditures are to be made, and the anticipated amounts for such line items. The budget shall be subject to the review and approval of the District’s Board of Trustees. Once the budget has been approved by the District’s Board of Trustees, the Superintendent or other administrative officer identified pursuant to this Section 4.3 only shall disapprove a proposed expenditure pursuant to the authority set forth in the first sentence of this Section 4.3 if in his or her view (a) the ...
