Bank and Investment Accounts. All funds of the Company shall be deposited in its name, or in such name as may be designated by the Managing Member, in such checking, savings or other accounts, or held in its name in the form of such other investments as shall be designated by the Managing Member. The funds of the Company shall not be commingled with the funds of any Person. All withdrawals of such deposits or liquidations of such investments by the Company shall be made exclusively upon the signature or signatures of such officer or officers of the Company as Managing Member may designate.
Bank and Investment Accounts. The Managers shall establish and maintain one or more separate bank and investment accounts and arrangements for Company funds in the Company name with such financial institutions and firms as the Managers determine.
Bank and Investment Accounts. The General Partner shall establish and maintain on behalf of the Partnership such banking and investment arrangements (including arrangements with respect to the establishment and maintenance of accounts with financial institutions) as from time to time become necessary, appropriate or desirable in the opinion of the General Partner. All resolutions set forth in a standard form resolution of any commercial bank or financial or investment institution at which one or more such accounts are established are hereby approved and adopted and shall constitute resolutions duly and validly adopted by the General Partner, on behalf of the Partnership, as if set forth herein and may be certified as such.
Bank and Investment Accounts. The Member shall establish and maintain on behalf of the Company such banking and investment arrangements (including arrangements with respect to the establishment and maintenance of accounts with financial institutions) as from time to time become necessary, appropriate, or desirable in the opinion of the Member. All resolutions set forth in a standard form resolution of any commercial bank or financial or investment institution at which one or more such accounts are established are hereby approved and adopted and shall constitute resolutions duly and validly adopted by the Member, on behalf of the Company, as if set forth herein and may be certified as such.
Bank and Investment Accounts. All funds of the Company shall be deposited in its name, or in such name as may be designated by the Managing Member or Management Committee, in such checking, savings or other accounts, or held in its name in the form of such other investments as shall be designated by the Managing Member or Management Committee. The funds of the Company shall not be commingled with the funds of any Person. All withdrawals of such deposits or liquidations of such investments by the Company shall be made exclusively upon the signature or signatures of such officer or officers of the Company as the Management Committee may designate.
Bank and Investment Accounts. 6 5.6 Tax Elections and Accounting Decisions.........................6 5.7 Tax Classification.............................................7
Bank and Investment Accounts. See attached.
Bank and Investment Accounts. 21 6.6 Records....................................................21 6.7
Bank and Investment Accounts. 15 6.4 Tax Reporting and Elections..........................................15 ARTICLE VII -- TRANSFER OF PARTNERSHIP INTERESTS..............................15
Bank and Investment Accounts. (a) The Managers shall establish and maintain in the name of the Issuer a bank account (the "Issuer General Account") for the deposit of amounts required to be deposited therein in accordance with the Indenture. The Managers may also establish and maintain one or more other separate bank and investment accounts and arrangements for Issuer in the Issuer name with financial institutions and firms that the Managers determine. The Managers shall not commingle the Issuer's funds with the funds of any Member.
(b) The Managers shall establish and maintain in the name of the Issuer an Eligible Deposit Account with respect to the Preferred Membership Interests relating to each Series of Investor Notes (each a "Series Preferred Member Distribution Account") for the deposit of all amounts released on a Payment Date from the Collection Account to the Issuer in accordance with the Indenture Supplement for such Series of Investor Notes. If at any time the Managers obtain knowledge that a Series Preferred Member Distribution Account is no longer an Eligible Deposit Account, the Managers shall, within 30 days of obtaining such knowledge, establish a new Series Preferred Member Distribution Account with respect to such Series of Preferred Membership Interests that is an Eligible Deposit Account and transfer into the new Series Preferred Member Distribution Account all cash and investments from the non-qualifying Series Preferred Member Distribution Account.
