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 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 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 the 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. 15 6.4 Tax Reporting and Elections............................................ 15 ARTICLE VII -- TRANSFER OF PARTNERSHIP INTERESTS................................ 15
Bank and Investment Accounts. 21 6.6 Records....................................................21 6.7
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. ARTICLE VIII INDEMNIFICATION SECTION 8.01 Mandatory Indemnification of the Member, the Special Members and the Managers. Any Person who was or is a party or is threatened to be made a party to, or is involved in, any threatened, pending or completed suit in equity, action at law or other judicial or administrative proceeding (hereafter a “Proceeding”), or any appeal in such a Proceeding or any inquiry or investigation that could lead to such a Proceeding, by reason of the fact that such Person is or was the Member, a Special Member or a Manager, or by reason of the fact that the Member, such Special Member or such Manager is or was serving at the request of the Company as a member, director, manager, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic corporation, limited liability company, partnership, joint venture, trust, sole proprietorship, employee benefit plan or other enterprise, shall be indemnified by the Company to the fullest extent permitted by applicable law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide greater or broader indemnification rights than such law permitted the Company to provide prior to such amendment) against judgments, penalties (including, without limitation, excise and similar taxes and punitive damages), fines, settlements and reasonable expenses (including, without limitation, reasonable attorneys’ fees) actually incurred by such Person in connection with such Proceeding; provided, that such judgments, penalties, settlements, fines or other expenses are not directly caused by the negligence or willful misconduct of such Person except that such Person shall be 22 liable for (i) liabilities arising from the failure by such Person to perform obligations expressly undertaken by it in this Agreement; and (ii) taxes, fees or other charges, based on or measured by any fees, commissions or compensation received by such Person in connection with the transactions described in this Agreement and the Basic Documents. It is expressly acknowledged that the indemnification provided in this Article VIII could involve indemnification under theories of...
Bank and Investment Accounts. (a) The bank(s) of the Exchange shall be such Canadian chartered bank or banks, or other financial institution(s) authorized to accept deposits, as the Board of Directors may from time to time determine. All monies from time to time received on account of the Exchange shall be paid immediately into the Exchange's account or accounts with the bank(s) or other financial institution(s).
