Common use of Bank Accounts, Notes and Drafts Clause in Contracts

Bank Accounts, Notes and Drafts. (a) All funds not reasonably required for the near-term working capital needs of the Company or to fund distributions on the next Distribution Date will be placed in Permitted Investments, which investments will have a maturity appropriate for the anticipated cash flow needs of the Company. All Company funds will be deposited and held in accounts that are separate from all other accounts maintained by the Members, and the Company’s funds will not be commingled with any other funds of any other Person, including the Managing Member, any Member or any Affiliate (other than the Company itself as applicable) of the Managing Member or a Member. (b) The Members acknowledge that the Managing Member may maintain Company funds in accounts, money market funds, certificates of deposit, other liquid assets in excess of the insurance provided by the Federal Deposit Insurance Corporation, or other depository insurance institutions and that the Managing Member shall not be accountable or liable for any loss of such funds resulting from failure or insolvency of the depository institution, so long as any such maintenance of funds is in compliance with Section 7.3(a). (c) Checks, notes, drafts and other orders for the payment of money shall be signed by such Persons as the Managing Member from time to time may authorize. When the Managing Member so authorizes, the signature of any such Person may be a facsimile.

Bank Accounts, Notes and Drafts. (a) All funds not reasonably required for the near-term working capital immediate needs of the Company or to fund distributions on the next Distribution Date will may be placed in Permitted Investments, which investments will shall have a maturity appropriate for the anticipated cash flow flows needs of the Company. All Company funds will shall be deposited and held in accounts that which are separate from all other accounts maintained by the MembersMembers and the Manager, and the Company’s funds will shall not be commingled with any other funds of any other Person, including the Managing Memberany Manager, any Member or any Affiliate (other than the Company itself as applicableitself) of the Managing Member a Manager or a Member. (b) The Members acknowledge that the Managing Member or the Manager may maintain Company funds in accounts, money market funds, certificates of deposit, other liquid assets in excess of the insurance provided by the Federal Deposit Insurance Corporation, or other depository insurance institutions and that neither the Managing Member nor the Manager shall not be accountable or liable for any loss of such funds resulting from failure or insolvency of the depository institution, so long as any such maintenance of funds is in compliance with the first sentence of Section 7.3(a). (c) Checks, notes, drafts and other orders for the payment of money shall be signed by such Persons as the Managing Member from time to time may authorize, including the Manager. When the Managing Member so authorizes, the signature of any such Person may be a facsimile.

Bank Accounts, Notes and Drafts. (a) All funds not reasonably required for the near-term working capital immediate needs of the Company or to fund distributions on the next Distribution Date will may be placed in Permitted Investments, which investments will shall have a maturity appropriate for the anticipated cash flow flows needs of the Company. All Company funds will shall be deposited and held in accounts that which are separate from all other accounts maintained by the MembersMembers and the Manager, and the Company’s 's funds will shall not be commingled with any other funds of any other Person, including the Managing Memberany Manager, any Member or any Affiliate (other than the Company itself as applicableitself) of the Managing Member a Manager or a Member. (b) The Members acknowledge that the Managing Member or the Manager may maintain Company funds in accounts, money market funds, certificates of deposit, other liquid assets in excess of the insurance provided by the Federal Deposit Insurance Corporation, or other depository insurance institutions and that neither the Managing Member nor the Manager shall not be accountable or liable for any loss of such funds resulting from failure or insolvency of the depository institution, so long as any such maintenance of funds is in compliance with the first sentence of Section 7.3(a7.4(a). (c) Checks, notes, drafts and other orders for the payment of money shall be signed by such Persons as the Managing Member from time to time may authorize, including the Manager. When the Managing Member so authorizes, the signature of any such Person may be a facsimile.

Bank Accounts, Notes and Drafts. (a) All funds not reasonably required for the near-term working capital immediate needs of the Company or to fund distributions on the next Distribution Date will shall be placed in Permitted Investments, which investments will shall have a maturity appropriate for the anticipated cash flow flows needs of the Company. All Company funds will shall be deposited and held in accounts that which are separate from all other accounts maintained by the MembersMembers and the Manager, and the Company’s funds will shall not be commingled with any other funds of any other Person, including the Managing Memberany Manager, any Member or any Affiliate (other than the Company itself as applicableitself) of the Managing Member a Manager or a Member. (b) The Members acknowledge that the Managing Member or the Manager may maintain Company funds in accounts, money market funds, certificates of deposit, other liquid assets in excess of the insurance provided by the Federal Deposit Insurance Corporation, or other depository insurance institutions and that neither the Managing Member nor the Manager shall not be accountable or liable for any loss of such funds resulting from failure or insolvency of the depository institution, so long as any such maintenance of funds is in compliance with the first sentence of Section 7.3(a). (c) Checks, notes, drafts and other orders for the payment of money shall be signed by such Persons as the Managing Member from time to time may authorize, including the Manager. When the Managing Member so authorizes, the signature of any such Person may be a facsimile.