Bank accounts; Title to Business Property. The funds of the Company will be deposited in bank accounts, or invested in interest-bearing or non-interest-bearing investments in the Company’s name, as will be determined by the members. The funds of the Company will not be commingled with the funds of any other person. The members will not employ, or permit any other person to employ such funds in any manner except for the benefit of the Company. Title to business property will be held, and conveyances will be made, in the name of the Company.
Bank accounts; Title to Business Property. The funds of the Company shall be deposited in such bank accounts, or invested in such interest-bearing or non-interest-bearing investments in the Company’s name, as shall be determined by the Management Committee. The funds of the Company shall not be commingled with the funds of any other Person and the Management Committee shall not employ, or permit or cause any other Person to employ such finds in any manner except for the benefit of the Company. Title to the Business Property shall be held, and conveyances thereof shall be made, in the name of the Company. Each bank account shall have provided thereon signatures of the Company or such parties as designated by the Management Committee.
Bank accounts; Title to Business Property. The funds of the Company shall be deposited in such bank accounts, or invested in such interest-bearing or non-interest-bearing investments in the Company's name, as shall be determined by the Management Committee. The funds of the Company shall not be commingled with the funds of any other Person and the Management Committee shall not employ, or permit or cause any other Person to employ such finds in any manner except for the benefit of the Company. Title to the Business Property shall be held, and conveyances thereof shall be made, in the name of the Company. Each bank account shall have provided thereon signatures of Member Bluegreen or such parties as designated by Member Bluegreen.
Bank accounts; Title to Business Property. The funds of the Company shall be deposited in such bank accounts, or invested in such interest-bearing or noninterest- bearing investments in the Company's name, as shall be determined by the Member. In no event shall the Company's funds or assets be commingled with those of any other Person; PROVIDED, HOWEVER, that such funds may be held with those of the Member if the Company's interest in the commingled funds or assets can be readily identified, such funds or assets are fungible, and the Company's interest in such funds or assets are held in escrow or are otherwise not subject to impairment by or the claims or obligations of any other Person having any interest (whether as an owner or otherwise) in such commingled funds or assets or any Person claiming by through or under such other Person. Title to the Business Property shall be held, and conveyances thereof, as permitted hereunder, shall be made, in the name of the Company. In no event shall any property or assets held by the Member, in its own capacity, or any Affiliate of the Member (other than the Company) be deemed to be Company property nor shall the Company have any interest therein. It is specifically acknowledged and agreed that the Company's sole assets shall be the Property, and the proceeds, cash, cash equivalents and assets related to the ownership and operation of the Property.
Bank accounts; Title to Business Property. The funds of the Company shall be deposited in such bank accounts, or invested in such interest-bearing or noninterest-bearing investments in the Company's name, as shall be determined by the Member. The funds of the Company shall not be commingled with the funds of the Member or any other Person and the Member shall not employ, or permit any other Person to employ, such funds in any manner except for the benefit of the Company. Title to the Business Property shall be held, and conveyances thereof, as permitted hereunder, shall be made, in the name of the Company. In no event shall any property or assets held by the Member, in its separate individual capacity, or any affiliate of the Member (other than the Company) be deemed to be Company property nor shall the Company have any interest therein.
Bank accounts; Title to Business Property. The funds of the Company shall be deposited in such bank accounts, or invested in such interest-bearing or noninterest-bearing investments in the Company’s name, as shall be determined by the Member in its sole discretion. The funds of the Company shall not be commingled with the funds of the Member or any other Person, and no Person shall employ such funds in any manner except for the benefit of the Company. Title to the Business Property shall be held, and conveyances thereof, as permitted hereunder, shall be made, in the name of the Company. In no event shall any property or assets held by the Member, in its own capacity, or any Affiliate of the Member (other than the Company) be deemed to be Company property nor shall the Company have any interest therein. It is specifically acknowledged and agreed that the Company’s sole asset shall be the Property as the same may be improved, remodeled, or renovated from time to time, and the net proceeds on profits therefrom until such proceeds on profits are distributed pursuant to Section 3.1 and/or Section 7.2.
Bank accounts; Title to Business Property. The funds of the Company shall be deposited in such bank accounts, or invested in such interest-bearing or noninterest-bearing investments in the Company’s name, as shall be determined by the Voting Members. In no event shall any property or assets held by any member, in the member’s individual capacity, or any affiliate of a member (other than the Company) be deemed to be Company property nor shall the Company have any interest therein, except as expressly stated in appropriate collateral written agreements.
