Common use of Access to Account Clause in Contracts

Access to Account. Owner will have access to any and all funds in the accounts described in Sections 2.1(a) and 2.1(b). Pinnacle's authority to draw against such accounts may be terminated at any time by Owner without notice to Pinnacle. No borrowing authority shall be permitted on any accounts established on behalf of Owner. All funds in such accounts shall be the exclusive Project of Owner. Only such personnel specifically designated by Pinnacle and approved by Owner shall have access to such accounts. All of Pinnacle's personnel who have access to such accounts shall be bonded and insured to the benefit of Owner against theft or fraud. No accounts maintained pursuant to this Agreement shall contain funds from any source other than the Project.

Access to Account. Owner will have access to any and all funds in the accounts described in Sections 2.1(a) and 2.1(b). Pinnacle's authority to draw against such accounts may be terminated at any time by Owner without notice to Pinnacle. No borrowing authority shall be permitted on any accounts established on behalf of Owner. All funds in such accounts shall be the exclusive Project of Owner. Only such personnel specifically designated by Pinnacle and approved by Owner shall have access to such accounts. All of Pinnacle's personnel who have access to such accounts shall be bonded and insured to the benefit of Owner against theft or fraud. No accounts maintained pursuant to this Agreement shall contain funds from any source other than the Project. Refer to Exhibit D for a list of Pinnacle employees, which are authorized signatories on the accounts described in this Section 2.1.

Access to Account. Owner will have access to any and all funds in the accounts described in Sections 2.1(a) and 2.1(b). PinnaclePINNACLE's authority to draw against such accounts may be terminated at any time by Owner without notice to PinnaclePINNACLE. No borrowing authority shall be permitted on any accounts established on behalf of Owner. All funds in such accounts shall be the exclusive Project of Owner. Only such personnel specifically designated by Pinnacle PINNACLE and approved by Owner shall have access to such accounts. All of PinnaclePINNACLE's personnel who have access to such accounts shall be bonded and insured to the benefit of Owner against theft or fraud. No accounts maintained pursuant to this Agreement shall contain funds from any source other than the Project.