Accounts and Funds Clause Samples

Accounts and Funds. Any account or fund required herein to be established and maintained by the Trustee may be established and maintained in the accounting records of the Trustee either as an account or a fund, and may, for the purposes of such accounting records, any audits thereof and any reports or statements with respect thereto, be treated either as an account or a fund; but all such records with respect to all such accounts and funds shall at all times be maintained in accordance with corporate trust industry standards and with due regard for the protection of the security of the Bonds and the rights of the Bondholders.
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Accounts and Funds. The Issuer shall not maintain any bank accounts other than the Accounts and Funds contemplated by the Indenture.
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Accounts and Funds. If any Event of Default shall have occurred and be continuing, the Trustee, when required to do so pursuant to the Indenture, shall deliver all (or any portion of, as so directed) the monies, instruments or other property in such U.S. Accounts and Funds to the Collateral Agent to be distributed by the Collateral Agent in accordance with Section 4 hereof. The Trustee hereby acknowledges and agrees (acting as agent of the Collateral Agent) that it shall make all payments to the other Secured Parties required to be made by it under the Indenture and shall take all actions for the benefit of the other Secured Parties required to be taken by it pursuant to the Indenture in accordance with the terms and provisions of the Indenture.
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Accounts and Funds. The Company must have a deposit account with the Bank to obtain any of the Services. The Bank may, without prior notice or demand, obtain payment of any amount due and payable under this Agreement by debiting any of the Company’s accounts with the Bank. The Company will always maintain a balance of available funds in any account with the Bank sufficient to cover its payment obligations under this Agreement. In the event there are not sufficient available funds in an account to cover the Company’s obligations under this Agreement, the Bank is authorized to debit any Company account held with the Bank.
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Accounts and Funds. On the Closing Date and on each date an Advance is made, cash proceeds resulting from making the Term Loan will be deposited into the Reserve Account so that the balance of the Reserve Account is not less than the Reserve Required Amount and the balance of the Term Loan proceeds available to the Borrower shall be deposited into the Operating Account or as otherwise instructed by Borrower in a prior written notice. All amounts received in respect of any Contributed REO Property including all sale proceeds, all rent under any Lease, all insurance proceeds and all casualty or condemnation awards, shall be paid to or collected in, the Revenue Account promptly following receipt and identification of such amounts by Borrower, but in any case no later than two (2) Business Days following Borrower’s receipt and identification thereof. On each Remittance Date, the funds in the Revenue Account shall be distributed to the Operating Account to be disbursed from the Operating Account and applied on the Payment Date in accordance with Section 1.1(i) and thereafter such funds shall be disbursed back to the Borrower for use or otherwise maintained in one or more Pledged Accounts or the HOA Reserve Account, pending disbursement, in each case in accordance with the terms and conditions hereof, including distributions to the Limited Guarantor to the extent permitted hereunder, in each case, other than any amount in respect of a Lease in the nature of a security deposit (except to the extent applied to any amounts due under a Lease), tax payment, insurance premiums or HOA fees. For the avoidance of doubt, Borrower shall be permitted to withdraw funds from the HOA Reserve Account for any home owner’s association fees that Borrower has already made for an REO Property which funded as part of the maintained HOA Reserve. Following the occurrence and continuance of any Cash Trap Period or any Event of Default, Borrower shall no longer have access to the HOA Reserve Account or any amounts deposited therein. Not-Borrower Funds may be removed from any of the Pledged Accounts at any time unless an Event of Default has occurred and is continuing.
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Related to Accounts and Funds

  • Accounts and Records The accounts and records maintained by ALPS shall be the property of the Fund. ALPS shall prepare, maintain and preserve such accounts and records as required by the 1940 Act and other applicable securities laws, rules and regulations. ALPS shall surrender such accounts and records to the Fund, in the form in which such accounts and records have been maintained or preserved, promptly upon receipt of instructions from the Fund. The Fund shall have access to such accounts and records at all times during ALPS’ normal business hours. Upon the reasonable request of the Fund, copies of any such books and records shall be provided by ALPS to the Fund at the Fund’s expense. ALPS shall assist the Fund, the Fund’s independent auditors, or, upon approval of the Fund, any regulatory body, in any requested review of the Fund’s accounts and records, and reports by ALPS or its independent accountants concerning its accounting system and internal auditing controls will be open to such entities for audit or inspection upon reasonable request. ALPS or its undersigned as defined by Rule 17a-4 of the Securities and Exchange Act (the “Exchange Act”), shall have access to all electronic communications, including password access to the system storing the electronic communications, of registered representatives of ALPS that are associated with the Fund and are required to be maintained under Rule 17a-4 of the Exchange Act and FINRA Rules 3110 and 3010. Electronic storage media maintained by the Fund will comply with Rule 17a-4 of the Exchange Act.

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

  • Accounts and Disbursements The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only: 1. In payment for Securities purchased for the Portfolio, as provided in Section 7 hereof; 2. In payment of dividends or distributions with respect to the Shares of such Portfolio, as provided in Section 11 hereof; 3. In payment of original issue or other taxes with respect to the Shares of such Portfolio, as provided in Section 12(c) hereof; 4. In payment for Shares which have been redeemed by such Portfolio, as provided in Section 12 hereof; 5. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 5 and 16(h) hereof; 6. Pursuant to Instructions setting forth the name of the Portfolio and the name and address of the person to whom the payment is to be made, the amount to be paid and the purpose for which payment is to be made.

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

  • TRUSTS and Funds ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ TRUST ▇▇▇▇ ▇▇▇▇▇▇▇ CALIFORNIA TAX-FREE INCOME FUND ▇▇▇▇ ▇▇▇▇▇▇▇ CAPITAL SERIES ▇▇▇▇ ▇▇▇▇▇▇▇ CURRENT INTEREST ▇▇▇▇ ▇▇▇▇▇▇▇ EXCHANGE-TRADED FUND TRUST ▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT TRUST ▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT TRUST II ▇▇▇▇ ▇▇▇▇▇▇▇ MUNICIPAL SECURITIES TRUST ▇▇▇▇ ▇▇▇▇▇▇▇ SOVEREIGN BOND FUND ▇▇▇▇ ▇▇▇▇▇▇▇ STRATEGIC SERIES