Depository Services Clause Samples

Depository Services. Contractor shall provide traditional depository account (i.e., demand deposit account (DDA) or interest-bearing or non-interest-bearing deposit account) services for each State Agency account established pursuant to this Contract, including without limitation: processing payments, accepting deposits, providing stop payments, returned item notification, overdraft protection, and monthly statements, and make available, upon request, copies of cancelled checks to the applicable State Agency. Contractor shall provide statements, check payments, and deposit reconciliation and similar services in accordance with standards established by the Comptroller of the Currency, Federal Reserve System, and when appropriate, the Maryland State Treasurer.

Depository Services. 4.1. Pursuant to the relevant Instruction, the Agent shall provide the Client with the Depository Services specified in the applicable parts of the Schedule, if any. 4.2. The Client agrees to pay the Agent for the Depository Services in accordance with the charges set forth in the relevant parts of the Schedule, pursuant to the provisions of Article 6 of this Agreement. 4.3. The Depository Services shall be performed in accordance with the provisions of Article 5 of this Agreement.

Depository Services. 4.1 Your Account(s)

Depository Services. The depository services under the Financial Services Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As each of the applicable percentage ratios in respect of the maximum daily deposit amount under the Financial Services Agreement is more than 0.1% but less than 5%, the depository services under the Financial Services Agreement are subject to the announcement and annual review requirements, but exempted from the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.

Depository Services. Pursuant to the 2015 Financial Services Agreement, COFCO Finance shall provide RMB and foreign currency depository services to the Company and its subsidiaries and Sales & Distribution Company. The Company and its subsidiaries and Sales & Distribution Company will open and maintain RMB and foreign currency deposit accounts with COFCO Finance. COFCO Finance will pay interest on deposits in accordance with the relevant provisions of PBOC. The depository services that will be provided by COFCO Finance to the Company and its subsidiaries and Sales & Distribution Company under the 2015 Financial Services Agreement are solely for the purpose of facilitating of fund transfers and entrustment loans among the members of the Group as disclosed below. Pursuant to the 2015 Financial Services Agreement, the title of the funds in respect of the entrustment loans will rest with the Group and will not pass to COFCO Finance. Pursuant to the 2015 Financial Services Agreement, the maximum daily deposit amount placed by the Group with COFCO Finance shall not exceed RMB400,000,000 (or its equivalent in any other currency) during the term of the 2015 Financial Services Agreement.

Depository Services. (a) Upon their execution of this Agreement, the Parties are concurrently delivering to Depository one or more disks or other forms of media on which are stored an exact copy of the Computer Program (the “Media”). (b) Depository hereby accepts the Media and agrees to store it at the facility described above. Depository shall ensure that the Media shall be stored separate and apart from all property designated as belonging to other customers of Depository. Depository shall ensure that the Media shall be stored in an individual safe deposit box in a secure climate-controlled vault. (c) Depository shall ensure that the Parties shall have access to the Media pursuant to the terms provided in Section 2. (d) Depository shall not divulge, disclose or otherwise make available to any person or entity, other than as provided in Section 2, or make any use whatsoever of the Media. Depository shall not permit any person access to the Media, other than as provided in Section 2, except as may be necessary for Depository’s authorized representatives to perform their functions under this Depository Agreement. (e) Depository shall have no obligation or responsibility to verify or determine that the Media deposited with it by the Parties does, in fact, consist of those items which the Parties are obligated to deliver under the OWP Agreement, and Depository shall bear no responsibility whatsoever to determine the existence, relevance, completeness, currency, or accuracy of the Media.

Depository Services. Contractor shall provide traditional depository account (i.e., demand deposit account (DDA) or interest-bearing or non-interest-bearing deposit account) services for each State Agency account established pursuant to this Contract, including without limitation: processing payments, accepting deposits, providing stop payments, returned item notification, overdraft protection, and monthly statements, and make available, upon request, copies of cancelled checks to the applicable State Agency. Contractor shall provide statements, check payments, deposit reconciliation and similar services in accordance with standards established by the Comptroller of the Currency, Federal Reserve System, and when appropriate, the Maryland State Treasurer. Completion and issuance of the X-1 form by the Comptroller and Treasurer’s Office shall be recognized and accepted by the contractor as evidence of the Treasurer’s approval of the Bank as a Designated Depository of the State of Maryland under State Finance and Procurement Article, §6-205, Annotated Code of Maryland, and will be the method by which the Treasurer’s authorized designee is identified.

Depository Services. ‌ 4.1 Your Account(s)‌ You may be required to designate and/or maintain one (1) or more demand deposit accounts with us in an open status and in compliance with your Commercial Deposit Agreement to facilitate use of a Service (“Account(s)”). We may indicate in the title of such Account that it is for the benefit of one (1) or more customers. You represent, warrant, and agree that all customer funds on deposit in such Account are subject to this Agreement. In any event, you agree to hold on to funds on deposit in trust for your customers, and agree to promptly and accurately remit customers’ funds to them. You agree the Bank is authorized to debit and/or credit the Account in connection with providing you Services. To the extent any credits to your Account are revoked due to any third party claim or demand or any other process recognized by applicable Associate Rules (such as, but not limited to, returns, reversals, adjustments, reclamations, or claims based on breach of any warranty made by the Bank or you under the applicable Association Rules), you shall immediately reimburse the Bank for the amount thereof. You agree to maintain sufficient balances in available funds in the Account to cover all credit transactions and returns on all debit transactions you submit to us and, if we require, a specified minimum balance of available funds. You shall immediately, within the same business day, reimburse the Bank for any overdrafts created by transactions initiated by you. If you fail to reimburse us, we may, at our option, either debit any other of your Account(s) with us or our affiliates to provide such balances or decline to forward your transactions. Our right of reimbursement is absolute and unconditional, and shall not, for any reason whatsoever, be subject to any reduction, setoff, defense, counterclaim, deferment, or right of recoupment. In addition, for purposes of satisfying your payment obligations for the Services, we may consider any overdraft line of credit or other arrangement you have with us.

Depository Services. The Portfolio and securities owned by the Portfolio will be maintained in the Client’s name and in the designated depository of the Client and the Client may authorize P&A to conduct security transactions in that account for Client. All fees and expenses for depository account maintenance and transactions will be paid by Client.