Non-Commingling Sample Clauses
The Non-Commingling clause prohibits the mixing of one party’s funds or assets with those of another party. In practice, this means that any money or property received or held on behalf of a client or third party must be kept in a separate account or clearly segregated from the holder’s own assets. This clause is essential for maintaining clear records, preventing misuse or misappropriation of funds, and ensuring that each party’s assets are protected and easily identifiable in the event of disputes or insolvency.
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Non-Commingling. Assets, funds, liabilities and financial records of the School shall be kept separate from assets, funds, liabilities, and financial records of any other person, entity, or organization.
Non-Commingling. Assets, funds, liabilities and financial records of the Charter School shall be kept separate from assets, funds, liabilities, and financial records of any other person, entity, or organization. All funds received hereunder shall be used solely for the school authorized by Denver Public Schools; tracking of this is the sole responsibility of the School.
Non-Commingling. Assets, funds, liabilities and financial records of the Charter School shall be kept separate from assets, funds, liabilities, and financial records of any other person, entity, or organization unless approved in writing by the Authority.
Non-Commingling. Each Obligor will not commingle its funds or assets with those of any other entity, other than the Obligors, which is an Affiliate of such entity.
Non-Commingling. Assets, funds, liabilities, and financial records of the Charter Operator shall be kept separate from assets, funds, liabilities, and financial records of any other person, entity, or organization including any education management organization whose services are retained by the Charter Operator as well as other charter schools that retain the services of the same education management organization.
Non-Commingling. Assets, funds, liabilities and financial records of the School shall be kept separate from assets, funds, liabilities, and financial records of any other person, entity, or organization unless approved in writing by the Commission. Additionally, public funds and assets received by the School shall be tracked and accounted for separately.
Non-Commingling. Assets, funds, liabilities and financial records of the School shall be kept separate from assets, funds, liabilities, and financial records of any other person, entity, or organization including any education management provider whose services are retained by the School as well as other charter schools who retain the services of the same provider. As used herein, an “education management provider” or “EMP” shall mean, any entity that the School contracts with for the operation of a material and substantial portion of the School’s program or operations. A third-party provider of accounting, payroll or similar services, or a consultant that provides advice, but does not control either educational, employment, or operational decision- making is not an EMP, as defined herein.
Non-Commingling. 8.12 Accountability .......................................................................................................... 8.13 Contracting, Encumbrances, and Borrowing ....................................................... 8.14 Loans ......................................................................................................................... 8.15 Gifts and Donations .................................................................................................
Non-Commingling. The Borrower will, and will cause each of its Subsidiaries to not commingle its funds or assets with those of any other entity, other than the Obligors, which is an Affiliate of such entity.
Non-Commingling. Assets, funds, liabilities and financial records of the school shall be kept separated from assets, funds, liabilities and financial records of any other person, entity, or organization, including funds attributable to the Fort ▇▇▇▇▇▇▇ campus of CSEC.