Bank Account & Foreign Exchange Control. The Joint Venture shall open foreign exchange accounts and RMB accounts and handle foreign exchange transactions in accordance with relevant PRC laws and regulations. The Board shall determine the signatories required for any disbursements of funds from such accounts and shall establish internal control policies relating to these accounts.
Appears in 4 contracts
Samples: Equity Joint Venture Contract (Cooper Tire & Rubber Co), Sino Foreign Equity Joint Venture Contract (Cooper Tire & Rubber Co), Sino Foreign Equity Joint Venture Contract (Cooper Tire & Rubber Co)
