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 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).

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

Examples of Operating Bank Account in a sentence

• Payment will automatically be withdrawn from the General Operating Bank Account following the monthly statement date.

• For Licensed Facilities not using an armoured car service, the deposit must be made within three (3) banking days of the end of the Event to the Bingo Revenue Operating Bank Account in compliance with Subsection 8.1.4 b).

• 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 Board will, where necessary, make use of other services that the Bank offers.The Business Manager will ensure that sufficient funds are in the Operating Bank Account to cover the value of payments made.Where necessary, arrangements are to be made to transfer funds from the Business Saver Account into the Operating Bank Account to cover such payments.

• Currently the Board has its banking arrangements with ASB, Timaru Branch.Procedure:All receipts and payments will be processed through one Operating Bank Account.

• 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.

• The smart safe is in Village Hall and is a depository for cash and coins for the Operating Bank Account only.

• 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.

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

• The Plainfield Board of Education currently maintains separate checking accounts for Payroll Account, Payroll Agency Account, Food Service Account, Difference Card Account, Flex Account, Student Activity Accounts and the main Current Operating Bank Account.

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).