Bank accounts; Title to Business Property Sample Clauses

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.
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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.
Sample 1Sample 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 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.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1
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Related to Bank accounts; Title to Business Property

  • Title to Assets; Real Property (a) The Company has good and valid (and, in the case of owned Real Property, good and marketable fee simple) title to, or a valid leasehold interest in, all Real Property and personal property and other assets reflected in the Audited Financial Statements or acquired after the Balance Sheet Date, other than properties and assets sold or otherwise disposed of in the ordinary course of business consistent with past practice since the Balance Sheet Date. All such properties and assets (including leasehold interests) are free and clear of Encumbrances except for the following (collectively referred to as “Permitted Encumbrances”):

  • Title to Property The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(t) or such as would not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.

  • Title to Equipment Title shall vest in the Contractor to all equipment purchased hereunder.

  • Title to Properties The Company and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date, the property of the Company and its Subsidiaries is subject to no Liens, other than Permitted Liens.

  • Title to the Property Borrower will warrant and defend the title to the Property, and the validity and priority of all Liens granted or otherwise given to Lender under the Loan Documents, subject only to Permitted Encumbrances, against the claims of all Persons.

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