Handling of Funds Clause Samples

Handling of Funds. All money collected or received by Representative in the performance of his or her duties under this Agreement shall be only by draft, check or money order and made payable to the Company, its subsidiary or affiliate and shall be held by Representative as the property of the Company, subsidiary or affiliate until safely transmitted to the Company. Representative is authorized to collect only the first investment deposit obtained, or first premium payment on insurance or annuity applications written by Representative.

Handling of Funds. Employees shall not be personally responsible for handling of funds so long as they are following or acting in accordance with direction or supervision of the administration.

Handling of Funds. (1) All funds received (with the exception of Third Party Deposits and Outdoor Sponsorship and Advertising Revenues) by Manager in connection with operation of the Facility shall be deposited promptly by Manager in accounts held and controlled by Manager for the benefit of City in accordance with this Agreement at a financial institution selected by Manager from time to time and reasonably acceptable to City (the “Operating Account”). (2) Third Party Deposits shall be held in a segregated account (the “Third Party Account”) pending application pursuant to the specific contract under which each such Third Party Deposit is made; any Third Party Deposit forfeited by the applicable third party shall be transferred to the Operating Account. (3) Outdoor Sponsorship and Advertising Revenues shall be held in a segregated account (the “Outdoor Sponsorship and Advertising Revenues Account”, and shall be applied from time to time to Operating Expenses as and when due; provided, Outdoor Sponsorship and Advertising Revenues not required to pay Operating Expenses shall be retained in the Outdoor Signage Revenues Account in compliance with the ordinance establishing the ARTIC Special Sign District, and shall not be distributed to Manager.

Handling of Funds. Funds will be held in a bank account separate from The Company’s operational bank accounts until such time they are applied to a successful Gig. The Company will require Influencers to submit proof that they have successfully completed the requirements of a Gig. The Advertiser may accept or decline the proof supplied, not to be unreasonably withheld or delayed. A declined submission will offer the Influencer the opportunity to meet the requirements time and time again until the Campaign has ended, the Advertiser removes the Influencer from the Campaign, or the Company has deemed the requirements to be fully met. Approvals will complete the Gig and generate the funds transfer from the Advertiser account to the Influencer.

Handling of Funds. Security deposits will be retained on tenant’s behalf. Tenant’s deposits may be utilized by us to replace or repair items damaged by the tenants, applied toward cleaning of property chargeable to the tenant, to any other charges due to the tenant, refunded to the tenant, or disbursed to you, as so we may reasonably determine. All funds collected (rents and security deposits), shall be held in a separate trust account and under the control of AGENT. If tenant’s security deposit is placed into an interest bearing account, all interest thereon will accrue and be payable to AGENT. We shall not be liable for any loss resulting from the insolvency of any financial institution.

Handling of Funds. 8.1 E&S shall accept and maintain at all times all premium collected and other funds relating to the business underwritten by E&S under this Agreement in the capacity of a fiduciary and trustee for FPIC. The privilege of retaining commissions shall not be construed as changing the fiduciary capacity. 8.2 E&S shall establish and maintain a premium trust account designated "Frontier Pacific Insurance Company or Transre Insurance Services Premium Trust Account" in a bank mutually agreed by E&S and FPIC and shall deposit into such premium trust account all premiums collected by E&S hereunder. E&S shall have the right to transfer funds held in such premium trust account to successor banks with the prior written consent of FPIC. Such banks shall be members of the Federal Reserve System whose deposits are insured by the Federal Deposit Insurance Corporation. E&S shall be entitled to retain any interest earned on funds deposited in such premium trust accounts. 8.3 E&S shall maintain signature authority on such premium trust accounts and may use any and all premium and other funds collected by E&S under this Agreement for the following purposes: (a) Payments of amounts due FPIC pursuant to this Agreement; (b) Return of unearned premiums arising due to cancellation or endorsement of Policies underwritten or delivered by E&S; (c) Payment of compensation of E&S, Sub-producers, and Claims Control Corporation, a California claims adjuster, Anchor Claims Management, Inc., a Texas claims adjuster, and others, generally as described in Article 4; (d) Return of money deposited in error; (e) Withdrawal of interest due E&S hereunder; (f) Payments with respect to audits; and (g) Making of investments authorized by law. 8.4 E&S shall not commingle any funds in such premium trust accounts with funds in E&S' corporate accounts or other funds held by E&S in any other capacity. 8.5 E&S shall render accounts to FPIC detailing all premium trust account transactions, and remit to FPIC all funds due under this Agreement by the end of the month following the month during which E&S collected such funds for the account of FPIC. 8.6 Neither party shall be liable for any loss which occurs by reason of the default or failure of the bank in which an account is carried. 8.7 E&S shall refund commissions on Policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained.

Handling of Funds. Manager shall deposit promptly all funds collected from the operation of the Property or in any way incidental thereto in the checking account set up for the Property, in the name of Master Tenant (the “Bank Account”), separate from Manager’s corporate account and any other accounts maintained by Manager. Manager may endorse any and all checks payable to the order of Master Tenant in connection with the Property for deposit in the Bank Account.

Handling of Funds. HAECO shall: a. Verify each phase of the Project has been properly completed prior to submission of invoices b. Receive invoices from each contractor; review such invoices for accuracy; and submit such invoices to the City for payment c. Provide reports and documentation as required d. Retain all relevant records as required by Lake City procedures and state law e. Provide matching funds and/or contributions to Project funding in excess of available Grant funds, as agreed on a case-by-case basis f. Reimburse Lake City for reasonable documented administrative expenses incurred by Lake City in connection with the Grant application and procurement process Lake City shall: a. Receive Grant funds from the awarding agency b. Pay approved contractor invoices using grant funds c. Provide matching funds and/or contributions to Project funding in excess of available Grant funds, as agreed on a case-by-case basis d. Retain all relevant records as required by Lake City procedures and state law

Handling of Funds. Funds will be held in a bank account separate from The Company’s operational bank accounts until such time they are applied to a successful campaign. The Company will require Influencers to submit proof that they have successfully completed the requirements of a campaign. The Advertiser may accept or decline the proof supplied, not to be unreasonably withheld or delayed. A declined submission will offer the Influencer the opportunity to meet the requirements time and time again until the Campaign has ended, or the Advertiser removes the Influencer from the Campaign. Approvals will complete the campaign and generate the funds transfer from the Advertiser account to the Influencer and to The Company.