Banking Facilities Clause Samples
The Banking Facilities clause defines the terms under which a party may access and utilize banking services provided by a financial institution. It typically outlines the types of accounts that may be opened, the procedures for drawing funds, and any security or collateral requirements. For example, it may specify the conditions for obtaining loans, issuing guarantees, or using overdraft facilities. The core function of this clause is to establish clear guidelines for the use of banking services, thereby reducing misunderstandings and managing financial risk between the parties.
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Banking Facilities. Section 4.10 of the Disclosure Schedules sets forth an accurate and complete list of (a) each bank, savings and loan or similar financial institution with which the Company or any of its Subsidiaries has an account or safety deposit box or other similar arrangement, and any numbers or other identifying codes of such accounts, safety deposit boxes or such other arrangements maintained by the Company or any of its Subsidiaries thereat, and (b) the names of all Persons authorized to draw on any such account or to have access to any such safety deposit box facility or such other arrangement.
Banking Facilities. Schedule 3.25 sets forth a complete and correct list of: (a) each bank, savings and loan or similar financial institution in which the Company or any of its Subsidiaries has an account or safety deposit box and the numbers of such accounts or safety deposit boxes maintained thereat; and (b) the names of all persons authorized to draw on each such account or to have access to any such safety deposit box, together with a description of the authority (and conditions thereto, if any) of each person with respect thereto.
Banking Facilities. Schedule 3.29 attached hereto sets forth a true, correct and complete list of:
(a) each bank, savings and loan or similar financial institution in which the Company has an account or safety deposit box and the numbers of the accounts or safety deposit boxes maintained by the Company thereat; and
(b) the names of all persons authorized to draw on each such account or to have access to any such safety deposit box facility, together with a description of the authority (and conditions thereof, if any) of each such person with respect thereto.
Banking Facilities. Schedule 3.30 sets forth a true, correct and complete list of each bank, savings and loan or similar financial institution with which the Company has an account or safety deposit box or other arrangement, and any numbers or other identifying codes of such accounts, safety deposit boxes or such other arrangements maintained by the Company thereat.
Banking Facilities. Schedule 4.25 sets forth a true, correct and complete list of: (a) the name of each bank, savings and loan or similar financial institution with which the Acquired Group has an account or safety deposit box or other arrangement, and any numbers or other identifying records maintained by the Acquired Group thereat; (b) the names of all Persons authorized to draw on any such account or to have access to any such safety deposit box or such other arrangement; and (c) any outstanding powers of attorney executed by or on behalf of the Acquired Group.
Banking Facilities. Its disclosure schedule sets forth a true, correct, and complete list of:
(1) Each bank, savings and loan or similar financial institution in which Company has an account or safety deposit box and the numbers of the accounts or safety deposit boxes maintained by Company thereat; and
(2) The names of all signatories authorized to draw on each such account or to have access to any such safety deposit box facility.
Banking Facilities. CLAUSE 2.29 of the Disclosure Schedule sets forth ------------------ a true, correct and complete list of:
(a) each bank, savings and loan or similar financial institution at which the Company has an account, safety deposit box, line of credit or credit facility and the numbers of the accounts or safety deposit boxes maintained by the Company thereat and details, including terms, of any line of credit or credit facility; and
(b) the names of all persons authorized to draw on each such account or to have access to any such safety deposit box facility, together with a description of the authority (and conditions thereof, if any) of each such person with respect thereto.
Banking Facilities. Section 4.27 of the Disclosure Schedule sets forth a correct and complete list of: (a) the name of each bank, savings and loan or similar financial institution with which the Company has an account or safety deposit box or other arrangement, and any numbers or other identifying codes of such accounts, safety deposit boxes or such other arrangements maintained by the Company thereat; (b) the names of all Persons authorized to draw on any such account or to have access to any such safety deposit box facility or such other arrangement; and (c) any outstanding banking-related powers of attorney executed by or on behalf of the Company.
Banking Facilities. Section 3.06(c) of the Sellers’ Disclosure Schedules sets forth an accurate and complete list of (i) each bank, savings and loan or similar financial institution with which the Company has an account or safety deposit box or other similar arrangement, and any numbers or other identifying codes of such accounts, safety deposit boxes or such other arrangements maintained by the Company thereat, and (ii) the names of all Persons authorized to draw on any such account or to have access to any such safety deposit box facility or such other arrangement.
Banking Facilities. Schedule 2.21 sets forth a true, correct and complete list of: (a) each bank, savings and loan or similar financial institution with which the Company has an account or safety deposit box or other arrangement; (b) the names of all Persons authorized to draw on any such account or to have access to any such safety deposit box facility or such other arrangement; and (c) any outstanding powers of attorney executed by or on behalf of the Company in respect of any such account, safety deposit box or other arrangement.