Operating Bank Account definition

Operating Bank Account means that certain bank account or accounts in which the City deposits the revenues it receives from the PFC and the Airport System.

Operating Bank Account for the Province, means a bank account used only for amounts accredited to the Provincial Fund;

Operating Bank Account means the Bank Accounts in the name of Owner for the payment of Operating Costs and any other costs to be paid pursuant to this Agreement and the deposit of monies related to the Property, which accounts shall be (i) separate and distinct from any other accounts, reserves or deposits required by this Agreement, and (ii) interest bearing accounts if such an account is reasonably available (all interest earned shall be retained in the Operating Bank Account).

Examples of Operating Bank Account in a sentence

• In following the priorities set forth above, Manager will reserve funds in the Operating Bank Account each Fiscal Month for payment of any Operating Costs for any of the above items which Manager has a duty to pay that are not paid on a monthly basis (e.g., real estate taxes, insurance premiums and so on).

• Home Energy Efficiency Programme Scotland (HEEPS): 1068 households have received energy efficiency measures through the HEEPs programme, equating to £6.2 million of investment in energy efficiency, which will result in lower energy consumption.

• The cost of any expenditures provided for in this Section 8.5 shall be paid for first from the Operating Bank Account and, if sufficient funds are not available, Manager shall request such necessary amounts from Owner.

• Only the PHCC’s Cheque / Operating Bank Account is to be used for receipting of all monies.The PHCC makes payments from the PHCC Operating Bank Account via EFT, cheque or cash for Petty Cash purchases.Bank accounts are to be reconciled monthly or in accordance with banking cycle defined by the Finance and Audit Sub Committee.Bank Statements are to be signed by the Treasurer and presented to the Finance and Audit Committee, for report to the PHCC Board.

• Only the Board of Management can approve the opening and/or closing of a bank account.Appropriate bank accounts will be kept in line with grant conditions.The PHCC receives the majority of its payments directly into the PHCC’s Cheque / Operating Bank Account via direct deposit or EFT, some cheques and/or cash are received in the mail.

• In case you can’t be present at your closing, you will need to instruct the Closing Company to send TRG Commission check(s) directly to our Payment Center or wire funds to our Operating Bank Account at your expense (we will deduct $15 from your commission for this service).

• Owner shall approve, as part of the Approved Annual Plan and Operating Budget, the maximum aggregate amount of Working Capital that may be retained in the Operating Bank Account on a daily basis for the day-to-day operation of the Property (the “Working Capital Balance”).

• Expenditures made by Manager in connection with an emergency shall be paid from the Operating Bank Account.

• So long as the Landco Credit Agreement remains in effect, the Manager shall cause all Operating Bank Account to be subject to a control agreement in accordance with the requirements of the Landco Credit Agreement.

• The Imagine International Academy of North Texas admission application period is from November 1st through March 1st.

More Definitions of Operating Bank Account

Operating Bank Account means a Bank Account of an Operating Bank Account Subsidiary that is listed on Amended Schedule 8.29(a) to Amendment No. 11.

Operating Bank Account means the Bank Account maintained by and in the name of the Company for the payment of Operating Costs and the deposit of monies related to the business, which account shall be separate and distinct from any other accounts, reserves or deposits required by this Agreement. The Operating Bank Account shall be an interest bearing account if such an account is reasonably available and all interest earned shall be retained in the Operating Bank Account.

Operating Bank Account means the Euroaccount held by the Issuer with the Account Bank pursuant to the Account Bank Agreement (or such replacement account as the Trustee may approve from time to time);

Operating Bank Account means the account with the Bank established by Owner pursuant to Section 3.3 and designated on Schedule 1.3, or such other account as may be designated by Owner to Servicer and including bank lock boxes established by Owner and assigned to such account(s).