Common use of Bank Accounts and Disbursements Clause in Contracts

Bank Accounts and Disbursements. During the term of this Agreement, Design shall have access to any and all bank accounts of HLM, and in connection therewith HLM hereby appoints Design for the term hereof as its lawful attorney-in-fact to deposit in such accounts fees generated from HLM's architectural and engineering practice which are collected by Design, and to make withdrawals from such accounts for the payment of expenses arising from or relating to HLM's operations, for Design's compensation hereunder, and for all other costs, expenses and disbursements which are required or authorized by this Agreement. Such withdrawals and payments may be made by Design at any time and from time to time as Design deems appropriate in its sole discretion. For administrative convenience, HLM shall not make any withdrawal(s) from such accounts without the prior written consent of Design. HLM agrees to execute from time to time any and all additional documents required by the banks at which HLM's accounts are maintained to effectuate the power of attorney granted above.