Deposit Fund Agreement

BANKING AGREEMENT BETWEEN (INSTITUTION)  AND (BANK) THIS AGREEMENT is made this ____day of ______ !"___ #y a$d #et%ee$__   ______________  _________________ ___ (INSTITUT (INSTITUTION) ION) he&ei$afte& he&ei$afte& &efe&&ed &efe&&ed to to as 'I$stittio$ '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$t fo& the de,osit of f$ds i$to a /etty 0ash /ay&o11 a$d O,e&ati$. A22o$t o& a$ im,&est 2he2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 th&o.h ___________ __________________ __________* ___* By mta1 a.&eeme$t this A.&eeme$t may #e &e$e%ed fo& additio$a1 t%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$s of T*0*A* T*0*A* Tit1e 7 0ha,te& 8 a$d #y the Te$$essee Te$$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$2e i$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$dme$ts e5e2ted #y a11 ,a&ties the&eto*

(;)

This A.&eeme$t may #e te&mi$ated #y eithe& ,a&ty #y .i-i$. %&itte$ $oti2e to the othe& at 1east 7" days #efo&e the effe2ti-e date of te&mi$atio$* I$ the e-e$t e-e$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*

(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 immediate1y te&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 $ot #e &e1ie-ed of 1ia#i1ity to the I$stittio$ fo& dama.es sstai$ed #y -i&te of a$y #&ea2h of this 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$$essee as %a.es 2om,e$satio$ o& .ifts i$ e52ha$.e fo& a2ti$. as offi2e& a.e$t em,1oyee s#2o$t&a2to& o& 2o$s1ta$t to the Ba$ i$ 2o$$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$s to ea2h* Ea2h ,a&ty ass&es that it %i11 $ot dis2&imi$ate a.ai$st a$y i$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$t ad-e&tisi$. 1ayoff o& te&mi$atio$ &ates of ,ay o& othe& fo&ms of 2om,e$satio$ a$d se1e2tio$ a-ai1a#1e to em,1oyees a$d a,,1i2a$ts fo& em,1oyme$t*

(7)

The Ba$ sha11 $ot assi.$ this A.&eeme$t o& e$te& i$to s#2o$t&a2ts fo& 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 $ame %i11 &ef1e2t Cede&a1 a$d State $ds*

(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$ the 2o11ate&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)

(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$t&a2t that a11 2&ite&ia ot1i$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$d s&,1s of the Ba$* Sho1d this e-e$t o22& the Ba$ %i11 ,&o-ide at 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$ the 2o11ate&a1 ,oo1) mst eithe& #e ,&o-ided the a2ta1 #o$ds o& othe& se2&ities ,&o-ided as 2o11ate&a1 se2&ity fo& de,osit o& t&st &e2ei,ts fo& the 2o11ate&a1 i$ 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$st the I$stittio$ $de& this A.&eeme$t* The #oos &e2o&ds a$d do2me$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$t a$d sha11 #e s#<e2t to adit at a$y &easo$a#1e time a$d ,o$ &easo$a#1e $oti2e #y I$stittio$ #y the Te$$essee Boa&d of Re.e$ts o& the 0om,t&o11e& of the State T&eas&y o& thei& d1y a,,oi$ted &e,&ese$tati-es o& a 1i2e$sed i$de,e$de$t ,#1i2 a22o$ta$t* (3>)

This A.&eeme$t is s#<e2t to the e5,&ess a,,&o-a1 of the /&eside$t o& desi.$ee the ?i2e 0ha$2e11o& fo& Te$$essee Te2h$o1o.y 0e$te&s o& desi.$ee o& the 0ha$2e11o& of the Te$$essee Boa&d of Re.e$ts o& desi.$ee as a,,&o,&iate*

IN WITNESS WHEREO the ,a&ties ha-e #y thei& d1y atho&i4ed &e,&ese$tati-es set thei& si.$at&es* (BANK)

(INSTITUTION)

BF+ _________________________

BF+ ___________________________

TITE+ ______________________

TITE+ _________________________ 

DATE+ ______________________

DATE+ _________________________ 

 Atho&i4ed+ TENNESSEE BOARD O REGENTS (if &e:i&ed) BF+ _____________________________________  TITE+ __________________________________  DATE+ __________________________________