Banking Matters. The Member and each Officer and any agent or employee of the Company, or other person designated by such Member or Officer is hereby authorized and empowered (A) to (i) establish one or more domestic or international accounts (including but not limited to, depository, checking, disbursement, custodian, or investment accounts, and other accounts as deemed necessary or expeditious for business purposes of the Company) (“Accounts”), in the name of the Company with any bank, trust company, savings and loan institution, brokerage firm or other financial institution which said Member or Officer shall from time to time designate as a depository of funds, securities or other property of the Company, for any purpose and on terms and conditions deemed appropriate by such person on behalf of the Company; and (ii) close Accounts of the Company now or hereafter established; and (B) to assign, limit or revoke any and all authority of any agent or employee of the Company, or other person designated by such Member or Officer to (i) sign checks, drafts and orders for the payment of money drawn on the Company’s Accounts, and all notes of the Company and all acceptances and endorsements of the Company; (ii) execute or initiate electronic fund transfers; (iii) execute or initiate foreign currency exchange transactions; (iv) execute or initiate the investment of monies; and (v) initiate requests for information for any Account of the Company.
Banking Matters. Manager shall handle all banking matters related to its contractual responsibility.
Banking Matters. Borrower shall maintain all of its and all of its Subsidiaries’ (if any) operating, depository, and securities accounts with Bank and Bank’s affiliates. FINANCIAL REPORTING REQUIREMENTS
Banking Matters. Borrower shall at all times maintain its banking relationship with Bank in a manner as set forth on Schedule A.
Banking Matters. Funds of the Company shall be deposited in such banks or other depositories as determined by the Board or its designee. Checks or other orders of withdrawal shall be drawn upon the Company's account or accounts only for purposes of the Company and shall be signed by such officers or authorized representatives as are designated by the Board, subject to any conditions or limitations which it may set.
Banking Matters. Between the date of this Agreement and the Closing Date, MLIM Parent and BlackRock shall use their reasonable best efforts to take such steps as may be necessary to cause New BlackRock, after giving effect to the Transaction, not to have any ownership position in securities that would be reasonably likely to cause or result in a violation of the Bank Holding Company Act of 1956, the Change in Bank Control Act or Section 10 of the Home Owners Loan Act and shall take no action and shall cause its Controlled Affiliates to take no action inconsistent with the foregoing.
Banking Matters. There shall not be any event, matter, occurrence or state of facts (other than any event, matter, occurrence or state of facts arising from any breach by any of the MLIM Companies of any of its obligations under this Agreement) or any action inconsistent with the provisions of Section 5.22 which would be reasonably likely in the opinion of counsel to MLIM Parent to require MLIM Parent to register with the Board of Governors of the Federal Reserve System as a bank holding company or become subject to regulation, supervision or restrictions under the Bank Holding Company Act of 1956, the Change in Bank Control Act or Section 10 of the Home Owners Loan Act.
Banking Matters. Schedule 3.21 hereto contains a true, complete and correct list of the names of all banks and other financial institutions (with account numbers) in which the Company has an account or safe deposit box, and of all brokerage firms and other entities and persons holding funds or investments of the Company, and the names of all persons authorized to draw thereon or have access thereto.
Banking Matters. The Sole Member, the Board and each Officer and any agent or employee of the Company, or other person designated by the Sole Member, the Board or such Officer is hereby authorized and empowered (A) to (i) establish one or more domestic or international accounts (including but not limited to, depository, checking, disbursement, custodian, or investment accounts, and other accounts as deemed necessary or expeditious for business purposes of the Company or any Series) (“Accounts”), in the name of the Company or any Series with any bank, trust company, savings and loan institution, brokerage firm or other financial institution which the Sole Member, the Board or said Officer shall from time to time designate as a depository of funds, securities or other property of the Company or any Series, for any purpose and on terms and conditions deemed appropriate by such person on behalf of the Company or any Series; and (ii) close Accounts of the Company or any Series now or hereafter established; and (B) to assign, limit or revoke any and all authority of any agent or employee of the Company or any Series, or other person designated by the Sole Member, the Board or such Officer to (i) sign checks, drafts and orders for the payment of money drawn on the Company’s or any Series’ Accounts, and all notes of the Company or any Series and all acceptances and endorsements of the Company or any Series; (ii) execute or initiate electronic fund transfers; (iii) execute or initiate foreign currency exchange transactions; (iv) execute or initiate the investment of monies; and (v) initiate requests for information for any Account of the Company or any Series.
Banking Matters. The Company shall take all action necessary to remove the current authorized signatories from the Company's bank accounts and credit lines and to substitute officers of Industrialex designated by Industrialex as such authorized signatories as of the Closing Date.
