Program Accounts Sample Clauses
Program Accounts. Bank, and Client as may be necessary, shall establish and maintain various Program Accounts. The purpose of such Program Accounts shall include receiving Customer Deposits to the Accounts holding Program Revenues, and facilitating Settlement of Transactions in connection with any Account Program approved by Bank under this Agreement, the Bank shall maintain in a fiduciary manner in a trust or custodial account associated with the Account Program all Deposit Amounts that have been deposited by Customers, the name of such Program Account shall indicate that the funds are being held for such purpose. The identities of each of the Customers for whose benefit such funds are being held shall be readily identifiable by Bank, either directly or through the Processor.
Program Accounts. Any Program Accounts necessary for the facilitation of Programs shall be set forth in Schedule F to this Addendum. 3.2 Account Funding.
Program Accounts. The Program Manager shall establish one or more Program Accounts for the deposit of funds appropriated or contributed for the implementation of the LCR MSCP.
Program Accounts. Bank or Company, as applicable, shall open such accounts as are necessary to support the Programs in accordance with the terms attached hereto as Exhibit C.
Program Accounts. The Program Treasurer shall establish and maintain the Program Accounts set forth in Exhibit “G”, or such other or different accounts as may be directed by the Party Representatives from time to time, with a banking institution approved by the Party Representatives, into which the Program Treasurer shall deposit all Program Funds. The Program Funds deposited into each Program Account will be used for the specific purposes of such account.
a) The Parties Representatives have collectively pre-approved US Bank as the banking institution for the Program Treasurer to establish initial Program Accounts.
b) Upon execution of this Agreement but no later than October 31, 2022, the Parties Representatives shall deposit the initial Program Funds with to complete scope of work associated with Due Diligence, Administration and Acquisition and further described in Exhibit “C”.