Common use of Bank and Investment Accounts Clause in Contracts

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.

Appears in 15 contracts

Samples: Limited Liability Company Agreement (MP Environmental Funding LLC), Limited Liability Company Agreement (MP Environmental Funding LLC), Limited Liability Company Agreement (MP Environmental Funding LLC)

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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 that the Managers determine.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pp&l Transition Bond Co Inc), Limited Liability (Pp&l Transition Bond Co Inc)

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 that the Managers determine. The Managers shall not commingle the Company's funds with the funds of any Member.

Appears in 1 contract

Samples: Operating Agreement (Entrade Inc)

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 that the Board of Managers determine. The Managers shall not commingle the Company's funds with the funds of any Member or any other Person.

Appears in 1 contract

Samples: Agreement of Limited Liability Company (Scotia Pacific Co LLC)

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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 Company's name with such financial institutions and firms as the Managers determine.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Florida Power & Light Co)

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