Common use of Bank Accounts; Investments Clause in Contracts

Bank Accounts; Investments. Subject to the supervision of the Managers, Capital Contributions, revenues and any other Company funds shall be deposited by the Company in a bank account established in the name of the Company, or shall be invested by the Company, in furtherance of the purposes of the Company. No other funds shall be deposited into Company bank accounts or commingled with Company investments. Funds deposited in the Company's bank accounts may be withdrawn only to be invested in furtherance of the Company's purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Corn Products International Inc), Limited Liability Company Agreement (Minnesota Corn Processors LLC)

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Bank Accounts; Investments. Subject to the supervision of the Managers, Capital Contributions, revenues revenues, if any, and any other Company funds shall be deposited by the Company Managing Member in a bank account established in the name of the Company, or shall be invested by the Company, Managing Member in furtherance of the purposes of the CompanyCompany and in accordance with the Investment Policy. No other funds shall be deposited into Company bank accounts or commingled with Company investments. Funds deposited in the Company's bank accounts may be withdrawn only to be invested in furtherance of the Company's purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (McCarthy Group Inc), Limited Liability Company Agreement (McCarthy Group Inc)

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