Settling Accounts Clause Samples

The Settling Accounts clause outlines the process for reconciling and finalizing all outstanding financial obligations between parties at the conclusion of their business relationship or contract. Typically, this clause specifies the timeframe for submitting invoices, the method for calculating any remaining payments or refunds, and the procedures for resolving discrepancies in account balances. Its core practical function is to ensure that all parties have a clear and agreed-upon method for closing out financial matters, thereby preventing future disputes over unpaid amounts or unresolved charges.
Settling Accounts. A. Neither party shall be required to make advanced payments of any fees or charges except by prior written agreement. All fees or charges remaining due to either party shall be paid in full by the second Sunday following the convention except as provided otherwise herein. B. AANR Midwest agrees to pay to the host club the sum of $2,000.00 upon successful completion of the AANR Midwest conference, and for services outlined in the Host Club Conference Application. The Host Club agrees to pay AANR Midwest any and all registration fees collected. The Host Club recognizes the right of AANR Midwest to withhold any or all payments of said sums pending the resolution of any dispute for a breach of any of the terms and conditions contained in this contract. The Host Club and AANR Midwest hereby agree that the Host Club shall have no recourse against AANR Midwest, nor shall AANR Midwest have any liability for sums to paid to the Host Club during any reasonable period of withholding of the funds pending the resolution of any disagreement. The Host Club further agrees that AANR Midwest shall not be liable for any additional damages arising out of the non-payment of these sums including, but not limited to, compensatory, incidental, consequential, punitive damages and other costs or attorney fees.
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Settling Accounts. Upon termination for any reason (the date of which shall be the "Termination Date"), the Consultant shall be entitled to any accrued but unpaid Fees up to the Termination Date. The Company's obligations, and the Consultant's entitlements, under this Section 8.7 are conditional upon the Consultant's performance of Section 8.8.
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Settling Accounts. A. Neither party shall be required to make advanced payments of any fees or charges except by prior written agreement. All fees or charges remaining due to either party shall be paid in full by the second Sunday following the convention except as provided otherwise herein. B. AANR Midwest agrees to pay to the host club the amount of the Host Club Guarantee specified in the accepted bid from the Host Club upon successful completion of the AANR Midwest convention, and for services outlined in the Host Club Convention Application. AANR Midwest also agrees to pay to the Host Club any and all ground fees collected and any and all camping fees collected. The Host Club agrees to pay AANR Midwest any and all registration fees collected. The Host Club recognizes the right of AANR Midwest to withhold any or all payments of said sums pending the resolution of any dispute for a breach of any of the terms and conditions contained in this contract. The Host Club and AANR Midwest hereby agree that the Host Club shall have no recourse against AANR Midwest, nor shall AANR Midwest have any liability for additional sums to paid to the Host Club during any reasonable period of withholding of the funds pending the resolution of any disagreement. The Host Club further agrees that AANR Midwest shall not be liable for any additional damages arising out of the non-payment of these sums including, but not limited to, compensatory, incidental, consequential, punitive damages and other costs or attorney fees.
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Settling Accounts. On completion of the accounting, the Partners shall pay all of the liabilities of the Partnership, including those owing to the Partner other than for capital or profits, in accordance with the Uniform Partnership Act. All amounts remaining after payment of the above liabilities shall be distributed as follows: ___________________
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Settling Accounts. In settling accounts after liquidation, the assets of the Tax Partnership shall be applied in the following order of priority: a. payment, or adequate provision for payment, of the liabilities of the Tax Partnership to creditors (including Participants who are creditors); b. payment of all expenses of the liquidation; c. the establishment of such reserves for contingencies as are deemed necessary by the Manager (or special liquidator); d. payment of the remaining assets to the Participants, pro rata, who have positive Capital Accounts in an amount based upon the respective amounts of their Capital Accounts. Distribution of Tax Partnership property shall be made in kind to the maximum extent possible. If Tax Partnership property is distributed in kind, the fair market value of such property shall be determined and the Capital Accounts of the Participants adjusted as if such Tax Partnership property had been sold for its fair market value. Upon distribution of Tax Partnership property in kind, each Partner's Capital Account, as adjusted, shall be debited to reflect the fair market value of such property; and e. Any additional distributions shall be made in accordance with the Participant's respective interests in the net income of the Tax Partnership determined in accordance with Article VI, Section 1.a. 486368 PAGE 8 OF 10 PAGES IX MISCELLANEOUS
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Settling Accounts. On Closing, the Members shall pay all of the liabilities of the Company, except as specifically provided in Sections 3.02 and 3.03, in accordance with Sections 450.4801 et seq. of the Michigan Compiled Laws Annotated, though no assets or liabilities of the Company, except as set forth in Section 3.02 and 3.03 of this Agreement, are known to exist by either Member. All amounts remaining after payment of the above liabilities shall be distributed to the Members according to their sharing ratio set forth in Section 3.01(i) hereof, subject to the provisions of Sections 3.02 and 3.
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Settling Accounts. The Company shall use its best efforts to settle all accounts payable to or by the Dealer within 60 days of the termination date. DEALER SALES AND SERVICE AGREEMENT 35
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Settling Accounts. Neither the AANR-East Officials nor the Host Club shall be required to make advance payments of any fees or charges except by prior written agreement. All fees or charges remaining due to either party shall be paid in full at the end of the Annual Convention/Interim Board Meeting.
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Settling Accounts. ‌ Upon termination for any reason (the date of which shall be the “Termination Date”), within 10 business days from the effective Termination Date Jolt shall be entitled to any accrued but unpaid Monthly Fees up to the Termination Date. Influencer’s obligations, and Jolt’s entitlements, under this Section 16.5 are conditional upon Jolt’s performance of Section 16.6.
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Related to Settling Accounts

  • Checking Accounts 1. Your Checking Account may consist of two legally separate accounts: a transaction (checking) sub account and a savings sub account. If funds in your transaction account are not routinely needed to pay debits, we may periodically transfer funds between these two sub accounts. If your Checking Account earns interest, your interest calculation will remain the same, regardless of whether or not your funds are held in the transaction sub account or the savings sub account. Otherwise, the savings sub account will be a non-interest-earning account. The sub accounts will be subject to our Account Agreement, our Account Disclosure, the Membership Application (or other account documentation). This arrangement and process will not affect your Available Balance in your Checking Account, the interest you may earn, NCUA insurance protection, your monthly statement, or any other features of your Checking Account. 2. We are authorized but not obligated to pay any check or other item that creates a negative balance, any returned item, and all charges associated with negative balances or returned items by making advances under or transfers from any of your Accounts. Unless you tell us otherwise, we may link your Checking Account to any BECU Line of Credit on which you are a borrower. 3. We will process debit and credit transactions throughout the day in the order they are received in our processing center. Therefore, if a transaction debits your Account in the morning and exceeds your Available Balance at that time, you may be charged an NSF Fee or Overdraft Fee, even if a deposit or credit transaction occurring later that day raises your Available Balance above $0.00. We may receive multiple credit or debit transactions on your Accounts in many different forms throughout each day. We generally process and pay presented checks that you write from your Account in order from smallest dollar amount to largest dollar amount; however, we reserve the right to process any presented checks in any order we deem necessary or appropriate. 4. We will credit items delivered to us subject to final settlement and applicable law. 5. We will have no obligation to, but we may, pay antedated checks, or checks that are stale-dated (more than six months old), without notice to you, and we may deem the date on such a check to be the date that the check is presented to us. 6. We may pay postdated checks early unless an authorized party gives contrary notice complying with applicable law. 7. Except for willful misconduct and subject to applicable law, we are not liable for any action taken regarding the payment or nonpayment of an item.

  • Operating Accounts (a) Maintain all of Borrower’s Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent, which Control Agreement must be in such form and substances as is reasonably acceptable to Collateral Agent (it being agreed and understood that the Control Agreements that Collateral Agent is entering into with respect to Borrower’s Collateral Accounts maintained with Bank of America on the Effective Date are not in such form and substance as is not reasonably satisfactory to Collateral Agent). (b) Borrower shall provide Collateral Agent five (5) days’ prior written notice before Borrower or any of its Subsidiaries establishes any Collateral Account. In addition, for each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable bank or financial institution at or with which such Collateral Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Collateral Agent’s Lien in such Collateral Account in accordance with the terms hereunder prior to the establishment of such Collateral Account, which Control Agreement must be in such form and substance as is reasonably satisfactory to Collateral Agent and may not be terminated without prior written consent of Collateral Agent. The provisions of the previous sentence and subsection (a) above shall not apply to (i) deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Collateral Agent by Borrower as such in the Perfection Certificates and (ii) BofA Credit Card Account so long as such account is maintained exclusively for the purpose of securitizing Borrower’s Indebtedness described in clause (g) of the definition of Permitted Indebtedness and the balance in such account does not exceed Three Hundred One Thousand Dollars ($301,000.00). (c) Neither Borrower nor any of its Subsidiaries shall maintain any Collateral Accounts except Collateral Accounts maintained in accordance with Sections 6.6(a) and (b); provided, however, Borrower may continue to maintain its Collateral Accounts, set forth on the Perfection Certificates on the Effective Date, with Bank of America; provided, further, that Borrower shall close all of its Collateral Accounts maintained with Bank of America on the Effective Date (other than the BofA Credit Card Account) and deliver to Collateral Agent evidence (in such form and substance as is reasonably acceptable to Collateral Agent) of closure of all of such Collateral Accounts within thirty (30) days after the Effective Date.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"): (i) a Securities Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer ("Cash Account") for any and all cash in any currency received by Bank or its Subcustodian for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian shall be held in that manner and shall not be part of the Cash Account. Bank shall notify Customer prior to the establishment of such an account. (b) At the request of Customer, additional Accounts may be opened in the future, which shall be subject to the terms of this Agreement. (c) Except as precluded by Section 8-501(d) of the Uniform Commercial Code ("UCC"), Bank shall hold all Securities and other Financial Assets, other than cash, of a Fund that are delivered to it in a "securities account" with Bank for and in the name of such Fund and shall treat all such assets other than cash as "financial assets" as those terms are used in the UCC.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Deposits to Lock-Box Accounts The Seller shall (or shall cause the Servicer to): (i) instruct all Obligors to make payments of all Receivables to one or more Lock-Box Accounts or to post office boxes to which only Lock-Box Banks have access (and shall instruct the Lock-Box Banks to cause all items and amounts relating to such Receivables received in such post office boxes to be removed and deposited into a Lock-Box Account on a daily basis), (ii) deposit, or cause to be deposited, any Collections received by it, the Servicer or any Originator into Lock-Box Accounts not later than one Business Day after receipt thereof and (iii) if a Termination Event has occurred and is continuing, directly transfer all Collections received in each Exception Account to a Lock-Box Account (other than an Exception Account) no later than one (1) Business Day following receipt thereof. Except as otherwise agreed to in writing by the Administrator and the Majority Purchasers, each Lock-Box Account shall at all times be subject to a Lock-Box Agreement; provided, however, that so long as the Exception Account Conditions are then satisfied with respect to an Exception Account, such Exception Account need not be subject to a Lock-Box Agreement. The Seller will not (and will not permit the Servicer to) deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections; provided that the Seller may permit (i) collections relating to Excluded Receivables and (ii) such other collections not relating to Receivables as the Administrator may approve in writing, in each case, to be so deposited or credited to any Lock-Box Account so long as (x) the amount of such collections does not exceed $15,000,000 for any calendar month and (y) the Administrator has not requested in writing that the Servicer direct obligors relating to such Excluded Receivables to cease making payments to Lock-Box Accounts.