Common use of Bank Account; Investments Clause in Contracts

Bank Account; Investments. The 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 Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members pursuant to this Agreement.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 Managers may determine.

Appears in 3 contracts

Samples: Company Agreement, Texas Limited Liability Company, Texas Limited Liability Company

AutoNDA by SimpleDocs

Bank Account; Investments. The 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 Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members Member pursuant to this Agreement.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 Managers Member may determine.

Appears in 2 contracts

Samples: Texas Limited Liability Company, Texas Limited Liability Company

Bank Account; Investments. The 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 Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members pursuant to this Agreement.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 Managers Members may determine.

Appears in 2 contracts

Samples: Texas Limited Liability Company, Texas Limited Liability Company

Bank Account; Investments. The Company 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 Funds deposited by the Company into such accounts may be withdrawn only in furtherance of the business of the Company or for distribution to the Members Member pursuant to this Agreement.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 Managers Member may determine.

Appears in 1 contract

Samples: Company Agreement

AutoNDA by SimpleDocs

Bank Account; Investments. The Company 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 Managers may determine.

Appears in 1 contract

Samples: Company Agreement

Bank Account; Investments. The Company 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 Managers Members may determine.

Appears in 1 contract

Samples: Company Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!