Common use of Banking Activities Clause in Contracts

Banking Activities. Without limiting the provisions of Section 2.4, the Member or any Authorized Officer is authorized to act on behalf of the Company and in its name: (a) to establish bank accounts on behalf of the Company; (b) to sign checks, drafts, instruments, bills of exchange, acceptances and/or other orders for the payment of money from any bank account; (c) to endorse checks, instruments, evidences of indebtedness, and orders payable, owned or held by the Company; (d) to accept drafts, acceptances, instruments and/or other evidences of indebtedness payable at or through the bank at which any bank account is maintained; (e) to waive presentment, demand, protest and notice of protest or dishonor of any check(s), instrument(s), draft(s), acceptance(s), or other evidences of indebtedness made, drawn or endorsed by the Company; (f) to enter into one or more agreements with one or more banks, which will be deemed to govern the bank accounts established at such bank; (g) to authorize the purchase, on behalf of the Company, of CDs, bonds, notes and other such savings instruments from each bank; (h) to obtain, on behalf of the Company, other related services from any bank, such as the rental of safe deposit boxes from such bank, obtaining of night depository services, routine cash management services, and the like, which will be governed by night depository agreement(s), safe deposit box lease agreement, and any other such agreement(s) contained on the application or signature cards pertaining to any such services offered to the Company by such bank, as amended from time to time; (i) to sign and execute signature cards, applications and forms as any Bank will deem appropriate, from time to time, in connection with the opening and maintaining of bank accounts at such bank and/or obtaining any of the aforementioned additional related services; RLF1 28406131v.1 (j) to execute applications for the issuance of any savings instrument in the name of the Company; and (k) to otherwise deal with each bank in connection with the foregoing activities on behalf of the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-2), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-3), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-1)

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Banking Activities. Without limiting the provisions generality of Section 2.4, the Member or any and each of the Authorized Officer Officers is authorized to act on behalf of the Company and in its name: (a) to establish bank accounts on behalf of the CompanyCompany (each, a “Company Account”); (b) to sign checks, drafts, instruments, bills of exchange, acceptances and/or other orders for the payment of money from any bank accountCompany Account; (c) to endorse checks, instruments, evidences of indebtedness, and orders payable, owned or held by the Company; (d) to accept drafts, acceptances, instruments and/or other evidences of indebtedness payable at or through the bank at which any bank account Company Account is maintainedmaintained (each, a “Bank”); (e) to waive presentment, demand, protest and notice of protest or dishonor of any check(s), instrument(s), draft(s), acceptance(s), or other evidences of indebtedness made, drawn or endorsed by the Company; (f) to otherwise deal with each Bank in connection with the foregoing activities on behalf of the Company; (g) to enter into one or more agreements with one or more banksthe Bank, which will be deemed to govern the bank accounts Company Accounts established at such bankBank; (gh) to authorize the purchase, on behalf of the Company, of CDs, bonds, notes and other such savings instruments from each bankBank; (hi) to obtain, on behalf of the Company, other related services from any bankBank, such as the rental of safe deposit boxes from such bankBank, obtaining of night depository services, routine cash management services, and the like, which will be governed by night depository agreement(s), safe deposit box lease agreement, and any other such agreement(s) contained on the application or signature cards pertaining to any such services offered to the Company by such bankBank, as amended from time to time; (ij) to sign and execute signature cards, applications and forms as any Bank will deem appropriate, from time to time, in connection with the opening and maintaining of bank accounts Company Accounts at such bank Bank and/or obtaining any of the aforementioned additional related services; RLF1 28406131v.1and (jk) to execute applications for the issuance of any savings instrument in the name of the Company; and (k) to otherwise deal with each bank in connection with the foregoing activities on behalf of the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (ACAR Leasing Ltd.), Limited Liability Company Agreement (GMF Floorplan Owner Revolving Trust), Limited Liability Company Agreement

Banking Activities. Without limiting the provisions generality of Section 2.42.04, the Member or any and each of the Authorized Officer Officers is authorized to act on behalf of the Company and in its name: (a) to establish bank accounts on behalf of the Companyone or more Company Accounts; (b) to sign checks, drafts, instruments, bills of exchange, acceptances and/or other orders for the payment of money from any bank accountCompany Account; (c) to endorse checks, instruments, evidences of indebtedness, indebtedness and orders payable, owned or held by the Company; (d) to accept drafts, acceptances, instruments and/or other evidences of indebtedness payable at or through the bank Bank at which any bank account Company Account is maintained; (e) to waive presentment, demand, protest and notice of protest or dishonor of any check(s), instrument(s), draft(s), acceptance(s), ) or other evidences of indebtedness made, drawn or endorsed by the Company; (f) otherwise to deal with each Bank in connection with the foregoing activities on behalf of the Company; (g) to enter into one or more agreements with one or more bankseach Bank, which will be deemed to govern the bank accounts Company Accounts established at such bankBank; (gh) to authorize the purchase, on behalf of the Company, of CDscertificates of deposit, bonds, notes and other such savings instruments from each bankBank; (hi) to obtain, on behalf of the Company, other related services from any bankBank, such as the rental of safe deposit boxes from such bankBank, obtaining of night depository services, routine cash management services, and the like, which will be governed by night depository agreement(s), safe deposit box lease agreement, and any other such agreement(s) contained on the application or signature cards pertaining to any such services offered to the Company by such bank, as amended from time to timeBank; (ij) to sign and execute signature cards, applications and forms as any Bank will deem appropriate, from time to time, in connection with the opening and maintaining of bank accounts Company Accounts at such bank Bank and/or obtaining any of the aforementioned additional related services; RLF1 28406131v.1and (jk) to execute applications for the issuance of any savings instrument in the name of the Company; and (k) to otherwise deal with each bank in connection with the foregoing activities on behalf of the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Limited Liability Company Agreement (Daimler Trucks Retail Receivables LLC), Limited Liability Company Agreement (California Republic Funding LLC)

Banking Activities. Without limiting the provisions generality of Section 2.4, the Member or any Authorized Officer the Titling Company Administrator is authorized to act on behalf of the Company and in its name: (a) to establish bank accounts on behalf of the CompanyCompany (each, a “Company Account”); (b) to sign checks, drafts, instruments, bills of exchange, acceptances and/or other orders for the payment of money from any bank accountCompany Account; (c) to endorse checks, instruments, evidences of indebtedness, and orders payable, owned or held by the Company; (d) to accept drafts, acceptances, instruments and/or other evidences of indebtedness payable at or through the bank at which any bank account Company Account is maintainedmaintained (each, a “Bank”); (e) to waive presentment, demand, protest and notice of protest or dishonor of any check(s), instrument(s), draft(s), acceptance(s), or other evidences of indebtedness made, drawn or endorsed by the Company; (f) otherwise to deal with each Bank in connection with the foregoing activities on behalf of the Company; (g) to enter into one or more agreements with one or more banksthe Bank, which will be deemed to govern the bank accounts Company Accounts established at such bankBank; (gh) to authorize the purchase, on behalf of the Company, of CDs, bonds, notes and other such savings instruments from each bankBank; (hi) to obtain, on behalf of the Company, other related services from any bankBank, such as the rental of safe deposit boxes from such bankBank, obtaining of night depository services, routine cash management services, and the like, which will be governed by night depository agreement(s), safe deposit box lease agreement, and any other such agreement(s) contained on the application or signature cards pertaining to any such services offered to the Company by such bankBank, as amended from time to time; (ij) to sign and execute signature cards, applications and forms as any Bank will deem appropriate, from time to time, in connection with the opening and maintaining of bank accounts Company Accounts at such bank Bank and/or obtaining any of the aforementioned additional related services; RLF1 28406131v.1and (jk) to execute applications for the issuance of any savings instrument in the name of the Company; and (k) to otherwise deal with each bank in connection with the foregoing activities on behalf of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CAB West LLC), Limited Liability Company Agreement (CAB West LLC)

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Banking Activities. Without limiting the provisions generality of Section 2.4, the Member or any and each of the Authorized Officer Officers is authorized to act on behalf of the Company and in its name: (a) to establish bank accounts on behalf of the CompanyCompany (each, a “Company Account”); (b) to sign checks, drafts, instruments, bills of exchange, acceptances and/or other orders for the payment of money from any bank accountCompany Account; (c) to endorse checks, instruments, evidences of indebtedness, and orders payable, owned or held by the Company; (d) to accept drafts, acceptances, instruments and/or other evidences of indebtedness payable at or through the bank at which any bank account Company Account is maintainedmaintained (each, a “Bank”); (e) to waive presentment, demand, protest and notice of protest or dishonor of any check(s), instrument(s), draft(s), acceptance(s), or other evidences of indebtedness made, drawn or endorsed by the Company; (f) otherwise to deal with each Bank in connection with the foregoing activities on behalf of the Company; (g) to enter into one or more agreements with one or more banksthe Bank, which will be deemed to govern the bank accounts Company Accounts established at such bankBank; (gh) to authorize the purchase, on behalf of the Company, of CDs, bonds, notes and other such savings instruments from each bankBank; (hi) to obtain, on behalf of the Company, other related services from any bankBank, such as the rental of safe deposit boxes from such bankBank, obtaining of night depository services, routine cash management services, and the like, which will be governed by night depository agreement(s), safe deposit box lease agreement, and any other such agreement(s) contained on the application or signature cards pertaining to any such services offered to the Company by such bankBank, as amended from time to time; (ij) to sign and execute signature cards, applications and forms as any Bank will deem appropriate, from time to time, in connection with the opening and maintaining of bank accounts Company Accounts at such bank Bank and/or obtaining any of the aforementioned additional related services; RLF1 28406131v.1and (jk) to execute applications for the issuance of any savings instrument in the name of the Company; and (k) to otherwise deal with each bank in connection with the foregoing activities on behalf of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CAB West LLC)

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