Bank Accounts and Investments. The bank accounts of the Partnership shall be maintained in such banking institutions as the General Partner shall determine (which institutions shall not be the General Partner or any of its Affiliates), and withdrawals shall be made only in the regular course of Partnership business on such signature or signatures as the General Partner may determine. All deposits and other funds not needed in the operation of the business or not yet invested may be invested in U.S. government securities, securities issued or guaranteed by U.S. government agencies, securities issued or guaranteed by states or municipalities, certificates of deposit and time or demand deposits in commercial banks, bankers' acceptances, savings and loan association deposits, or deposits in members of the Federal Home Loan Bank System. Except as expressly permitted pursuant to the Management Agreement, the funds of the Partnership shall not commingled with the funds of any other Person (including the General Partner or any Affiliate of the General Partner).
Bank Accounts and Investments. 43 9.04. Reports..................................................................................43 9.05.
Bank Accounts and Investments. All monies relating to your fund will be banked in the Scheme account(s) with the Bank of Scotland PLC or such other bank as iPensions Group, at its discretion, shall determine (the “Bank”). iPensions Group Trustees Limited (the “Trustee”) will be the authorised signatory on these accounts. Monies held with the Bank will be in an account that attracts no interest. Charges at standard rates may be applied by the Bank. Your funds within the Bank will be segregated and form part of your Member’s fund.
Bank Accounts and Investments. The Corporation does not have a bank account, a savings account, certificates of deposit or a safety deposit box. The Corporation transacts through a trust account.
Bank Accounts and Investments. The funds of the Partnership shall be held in the name of the Partnership. These funds shall be deposited in the name of the Partnership in such bank accounts in such banking institutions as the General Partner shall determine, and withdrawals therefrom shall be made only in the regular course of Partnership business on such signature or signatures as the General Partner shall determine. The funds of the Partnership shall not be commingled with the funds of any other Person.
Bank Accounts and Investments. The bank accounts of the Partnership shall be maintained in such banking institutions as the General Partner shall determine, and withdrawals shall be made only in the regular course of Partnership business on such signature or signatures as the General Partner may determine. All deposits and other funds not needed in the operation of the business or not yet invested may be invested as provided in Section 5.01C(v) or in U.S. government securities, securities issued or guaranteed by U.S. government agencies, securities issued or guaranteed by states or municipalities, certificates of deposit and time or demand deposits in commercial banks, bankers' acceptances, savings and loan association deposits or deposits in members of the Federal Home Loan Bank System. The funds of the Partners shall not be commingled with the funds of any other Person.
Bank Accounts and Investments. (a) The Company shall establish one or more separate bank accounts and arrangements in its name with financial institutions and such signature authorizations as the Members agree upon. The accounts shall be administered by the Company, and all funds of the Company will be held in such accounts or in approved investments under Section 7.3(b).
(b) All funds of the Company held as reserves for the future payment of Company expenses or pending distribution shall be invested as the Members may agree.
(c) Each check or other payment to be made by the Company which exceeds US $10,000 must be preapproved by the Chief Financial Officer of Humko before it may be sent to the appropriate party. In addition, to the extent that any payments are to be made to any party by the Company and the aggregate of those payments will exceed US $10,000, such payments must be preapproved by the Chief Financial Officer of Humko before they may be sent to the appropriate party.
Bank Accounts and Investments. (a) The bank accounts of the Partnership shall be maintained in such banking institutions as the General Partner shall reasonably determine (which institutions shall not be the General Partner or any of its affiliates), and withdrawals shall be made only in the regular course of Partnership business in accordance with this Agreement on such signature or signatures as the General Partner may determine. All deposits and other funds not needed in the operation of the business or not yet invested may be invested in U.S. government securities, securities issued or guaranteed by U.S. government agencies, securities issued or guaranteed by states or municipalities, certificates of deposit and time or demand deposits in commercial banks, savings and loan association deposits or bankers’ acceptances. The funds of the Partnership shall not be commingled with the funds of any other person (including the General Partner or any affiliate of the General Partner).
(b) The General Partner shall have no liability to the Partnership or any Partner for any loss sustained by the Partnership as a result of the bankruptcy, receivership, insolvency or other economic failure of any bank, savings and loan institution, other depository of funds or entity to or with which funds of the Partnership have been deposited or invested pursuant to Section 11.3(a), except to the extent that the choice of such entity was a result of a Willful Bad Act or the gross negligence of the General Partner, provided that it shall not be considered Willful Bad Act or gross negligence of the General Partner if the General Partner deposits or invests the Partnership’s funds in a United States federal or state chartered commercial bank of recognized standing, or a commercial bank organized under the laws of any other country which is a member of the Organisation for Economic Cooperation and Development, or a political subdivision of any such country, acting through a branch or agency, which bank has capital and unimpaired surplus in excess of $1,000,000,000 and which bank or its holding company has a short term commercial paper rating and a long term debt rating of at least A 2 or the equivalent by S&P or at least P 2 or the equivalent by Moody’s.
Bank Accounts and Investments. 26 7.4 Loans by Members to the Company............................................................27 7.5 Insurance..................................................................................27 7.6
Bank Accounts and Investments. 41 Section 9.04 Reports..................................................42 Section 9.05 Tax Depreciation and Elections...........................43 Section 9.06 Interim Closing of the Books.............................43 Section 9.07 Information from Limited Partners........................43 ARTICLE TEN--MEETINGS AND VOTING RIGHTS OF LIMITED PARTNERS..................43 Section 10.01 Meetings.................................................43 Section 10.02
