deposit fund agreement

8/16/2019 Deposit Fund Agreement

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BANKING AGREEMENTBETWEEN

(INSTITUTION) AND

(BANK)

THIS AGREEMENT is made this ____day of ______ !"___ #y a$d #et%ee$__ _________________ (INSTITUTION) he&ei$afte& &efe&&ed to as 'I$stit tio$' a$d(BANK) _____________________________________he&ei$afte& &efe&&ed to as'Ba$ *'

W I T N E S S E T H+

The ,a&ties ha-e a.&eed a$d do he&e#y e$te& i$to this A.&eeme$t fo& the de,ositof f $ds i$to a /etty 0ash /ay&o11 a$d O,e&ati$. A22o $t o& a$ im,&est2he2 i$. a22o $t a22o&di$. to the ,&o-isio$s set o t he&ei$+

I* A.&eeme$t /&o-isio$s

(3) The i$itia1 ,e&iod of this A.&eeme$t %i11 2o-e& the te&m f&om _______________________ th&o .h _____________________* Bym t a1 a.&eeme$t this A.&eeme$t may #e &e$e%ed fo& additio$a1t%e1-e (1!) mo$th ,e&iods $de& the same te&ms a$d 2o$ditio$s o&d 1y a tho&i4ed ame$dme$ts the&eto $ot e52eedi$. a tota1 2o$t&a2t,e&iod of si5ty (6") mo$ths*

(!) It is m t a11y $de&stood a$d a.&eed that the ha$d1i$. of these

f $ds a$d a22o $ts a&e .o-e&$ed #y the a,,1i2a#1e ,&o-isio$s ofT*0*A* Tit1e 7 0ha,te& 8 a$d #y the Te$$essee Boa&d of Re.e$ts/o1i2y No* 8+"3+"3+3" #oth of %hi2h a&e i$2o&,o&ated #y &efe&e$2ei$to this A.&eeme$t*

(9) The Ba$ sha11 2om,1y %ith a11 a,,1i2a#1e fede&a1 a$d state 1i2e$si$.a$d 2e&tifi2ate &e: i&eme$ts*

(8) This A.&eeme$t may #e modified o$1y #y %&itte$ ame$dme$tse5e2 ted #y a11 ,a&ties the&eto*

(;) This A.&eeme$t may #e te&mi$ated #y eithe& ,a&ty #y .i-i$. %&itte$$oti2e to the othe& at 1east 7" days #efo&e the effe2ti-e date ofte&mi$atio$* I$ the e-e$t of 2a$2e11atio$ the Ba$ is e$tit1ed to&e2ei-e < st a$d e: ita#1e 2om,e$satio$ fo& a$y satisfa2to&y %o&2om,1eted as of the te&mi$atio$ date*


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(6) If the Ba$ fai1s to f 1fi11 i$ a time1y a$d ,&o,e& ma$$e& its o#1i.atio$s$de& this A.&eeme$t o& if the Ba$ sha11 -io1ate a$y of the te&ms of

this A.&eeme$t the I$stit tio$ sha11 ha-e the &i.ht to immediate1yte&mi$ate this A.&eeme$t a$d %ithho1d ,ayme$t i$ e52ess of fai&2om,e$satio$ fo& %o& 2om,1eted*

Not%ithsta$di$. the a#o-e the Ba$ sha11 $ot #e &e1ie-ed of 1ia#i1ityto the I$stit tio$ fo& dama.es s stai$ed #y -i&t e of a$y #&ea2h ofthis A.&eeme$t #y the Ba$ *

(=) The Ba$ %a&&a$ts that $o ,a&t of the tota1 A.&eeme$t amo $t,&o-ided he&ei$ sha11 #e ,aid di&e2t1y o& i$di&e2t1y to a$y offi2e& o&em,1oyee of the State of Te$$essee as %a.es 2om,e$satio$ o&.ifts i$ e52ha$.e fo& a2ti$. as offi2e& a.e$t em,1oyees #2o$t&a2to& o& 2o$s 1ta$t to the Ba$ i$ 2o$$e2tio$ %ith a$y %o&2o$tem,1ated o& ,e&fo&med &e1ati-e to this A.&eeme$t*

(>) The ,a&ties a.&ee to 2om,1y %ith Tit1es ?I a$d ?II of the 0i-i1 Ri.hts A2t of 3768 Tit1e I@ of the Ed 2atio$ Ame$dme$ts of 37=! Se2tio$;"8 of the Reha#i1itatio$ A2t of 37=9 E5e2 ti-e O&de& 33 !86 the

Ame&i2a$s %ith Disa#i1ities A2t of 377" a$d the &e1ated &e. 1atio$sto ea2h* Ea2h ,a&ty ass &es that it %i11 $ot dis2&imi$ate a.ai$st a$yi$di-id a1 i$21 di$. # t $ot 1imited to em,1oyees o& a,,1i2a$ts fo&em,1oyme$t a$d o& st de$ts #e2a se of &a2e &e1i.io$ 2&eed 2o1o&se5 a.e disa#i1ity -ete&a$ stat s o& $atio$a1 o&i.i$*

The ,a&ties a1so a.&ee to ta e affi&mati-e a2tio$ to e$s &e that

a,,1i2a$ts a&e em,1oyed a$d that em,1oyees a&e t&eated d &i$.thei& em,1oyme$t %itho t &e.a&d to thei& &a2e &e1i.io$ 2&eed 2o1o&se5 a.e disa#i1ity -ete&a$ stat s o& $atio$a1 o&i.i$* S 2h a2tio$sha11 i$21 de # t $ot #e 1imited to the fo11o%i$.+ Em,1oyme$t

,.&adi$. demotio$ o& t&a$sfe& &e2& itme$t o& &e2& itme$tad-e&tisi$. 1ayoff o& te&mi$atio$ &ates of ,ay o& othe& fo&ms of2om,e$satio$ a$d se1e2tio$ a-ai1a#1e to em,1oyees a$d a,,1i2a$tsfo& em,1oyme$t*

(7) The Ba$ sha11 $ot assi.$ this A.&eeme$t o& e$te& i$to s #2o$t&a2tsfo& a$y of the %o& des2&i#ed he&ei$ %itho t o#tai$i$. the ,&io&%&itte$ a,,&o-a1 of a11 ,a&ties to the A.&eeme$t*

(3") ede&a1 $ds %i11 #e ho sed a$d o& dis# &sed i$ the o,e&ati$.a22o $t a$d the ,ay&o11 a22o $t a$d the a22o $t $ame %i11 &ef1e2tC ede&a1 a$d State $ds *


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(33) The Ba$ m st ,&o-ide 2o11ate&a1 se2 &ity as des2&i#ed i$ T*0*A*Se2tio$ 7 8 3"9 fo& a11 a22o $ts %hethe& a2ti-e (2he2 i$.) o&sa-i$.s a$d sha11 ,&o-ide a des2&i,tio$ of the se2 &ities to #e,&o-ided #y the #a$ as 2o11ate&a1 se2 &ities* If ,a&ti2i,ati$. i$ the2o11ate&a1 ,oo1 admi$iste&ed #y the De,a&tme$t of T&eas &y the

Ba$ m st a#ide #y the ,&o-isio$s set fo&th i$ T*0*A* Se2tio$ 7 8;"3 th&o .h Se2tio$ 7 8 ;!9*

(3!) The fo11o%i$. si.$at &es %i11 #e $eeded to %ithd&a% f $ds f&om A22o $ts+

a* /etty 0ash A22o $t

Re: i&es a$y t%o si.$at &es of the fo11o%i$.+

________________________________ (Tit1e)

________________________________ (Tit1e)

________________________________ (Tit1e)

________________________________ (Tit1e)

#* /ay&o11 A22o $t

Re: i&es t%o si.$at &es of the fo11o%i$.+

________________________________ /&eside$t ________________________________ B si$ess Offi2e&

2* O,e&ati$. A22o $t

Re: i&es t%o si.$at &es of the fo11o%i$.+

________________________________ /&eside$t

________________________________ B si$ess Offi2e&

d* Im,&est 0he2 i$. A22o $t

Re: i&es a$y t%o si.$at &es of the fo11o%i$.+

_________________________________ Di&e2to&

_________________________________ (Tit1e)


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(39) The Ba$ a$d the se2 &ities ,1ed.ed #y it sha11 #e 1ia#1e fo&

,ayme$t of a$y 1osses i$2 &&ed*

(38) The Ba$ sha11 ,&o-ide do2 me$tatio$ -e&ifyi$. the fo11o%i$. a$d

sha11 atta2h the &e: i&ed do2 me$tatio$ to the 2o$t&a2t that a112&ite&ia o t1i$ed i$ TBR /o1i2y 8+"3+"3+3" Se2tio$ D*! a&e met*

(3;) The Ba$ a$d I$stit tio$ a.&ee that the amo $t of f $ds de,osited%i11 $ot e52eed o$e fo &th (3 8) of the ,aid i$ 2a,ita1 sto2 a$ds &,1 s of the Ba$ * Sho 1d this e-e$t o22 & the Ba$ %i11 ,&o-ideat its o%$ 2ost a s &ety #o$d o& 2o11ate&a1 se2 &ity s ffi2ie$t to 2o-e&the e$ti&e de,osit of state a$d fede&a1 f $ds i$ the Ba$ *

(36) I$stit tio$ o& The De,a&tme$t of T&eas &y (if ,a&ti2i,ati$. i$ the2o11ate&a1 ,oo1) m st eithe& #e ,&o-ided the a2t a1 #o$ds o& othe&

se2 &ities ,&o-ided as 2o11ate&a1 se2 &ity fo& de,osit o& t& st &e2ei,tsfo& the 2o11ate&a1 i$ 1ie of the a2t a1 de1i-e&y of the o#1i.atio$s*

(3=) The Ba$ sha11 mai$tai$ do2 me$tatio$ fo& a11 2ha&.es a.ai$st theI$stit tio$ $de& this A.&eeme$t* The #oo s &e2o&ds a$ddo2 me$ts of the Ba$ i$ so fa& as they &e1ate to %o& ,e&fo&med o& mo$ey &e2ei-ed $de& this A.&eeme$t sha11 #e mai$tai$ed i$2o$fo&mity %ith .e$e&a11y a22e,ted a22o $ti$. ,&i$2i,1es fo& a,e&iod of th&ee f 11 yea&s f&om the date of the fi$a1 ,ayme$t a$dsha11 #e s #) This A.&eeme$t is s #


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A tho&i4ed+

TENNESSEE BOARD O REGENTS (if &e: i&ed)

BF+ _____________________________________

TIT E+ __________________________________

DATE+ __________________________________

deposit fund agreement

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