Common use of Bank Accounts; Investments Clause in Contracts

Bank Accounts; Investments. The General Partner shall establish one or more bank or brokerage accounts in the name of the Fund into which all Fund funds shall be deposited. No other funds shall be deposited into these accounts. Funds deposited in the Fund’s bank or brokerage accounts may be withdrawn for any proper purpose relating to the business of the Fund.

Appears in 2 contracts

Samples: Partnership Agreement (Biglari Holdings Inc.), Partnership Agreement (Biglari Holdings Inc.)

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Bank Accounts; Investments. The General Partner shall establish one or more bank or brokerage accounts in the name of the Fund Partnership into which all Fund Partnership funds shall be deposited. No other funds shall be deposited into these accounts. Funds deposited in the Fund’s bank or brokerage accounts However, pending their withdrawal for Partnership purposes, Partnership funds may be withdrawn for any proper purpose relating to invested in such securities and money market funds as the business of the FundGeneral Partner may select.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Cornell Corrections of Rhode Island, Inc.), Limited Partnership Agreement (Cornell Corrections of Rhode Island, Inc.)

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