Common use of Bank Account; Investments Clause in Contracts

Bank Account; Investments. The Members shall establish one or more bank or other financial institution accounts into which all Company funds shall be deposited. Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members pursuant to this Agreement. Pending withdrawal for such purposes, Company funds may be invested in such manner as the Members may determine.

Appears in 1 contract

Samples: Company Agreement

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Bank Account; Investments. The Members Company shall establish one or more bank or other financial institution accounts into which all Company funds shall be deposited. Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members pursuant to this Agreement. Pending withdrawal for such purposes, Company funds may be invested in such manner as the Members may determine.

Appears in 1 contract

Samples: Texas Limited Liability Company

Bank Account; Investments. The Members Company shall establish one or more bank or other financial institution accounts into which all Company funds shall be deposited. Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members Member pursuant to this Agreement. Pending withdrawal for such purposes, Company funds may be invested in such manner as the Members Member may determine.

Appears in 1 contract

Samples: Texas Limited Liability Company

Bank Account; Investments. The Members Company shall establish one or more bank or other financial institution accounts into which all Company funds shall be deposited. Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members pursuant to this Agreement. Pending withdrawal for such purposes, Company funds may be invested in such manner as the Members Managers may determine.

Appears in 1 contract

Samples: Texas Limited Liability Company

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Bank Account; Investments. The Members Member shall establish one or more bank or other financial institution accounts into which all Company funds shall be deposited. Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members Member pursuant to this Agreement. Pending withdrawal for such purposes, Company funds may be invested in such manner as the Members Member may determine.

Appears in 1 contract

Samples: Company Agreement

Bank Account; Investments. The Members Managers shall establish one or more bank or other financial institution accounts into which all Company funds shall be deposited. Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members pursuant to this Agreement. Pending withdrawal for such purposes, Company funds may be invested in such manner as the Members Managers may determine.

Appears in 1 contract

Samples: Company Agreement

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