Common use of Banking Matters Clause in Contracts

Banking Matters. The Board of Managers and any Officer or other person designated by the Board of Managers 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 the Board of Managers 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 the Board of Managers 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. The Board of Managers Member and each Officer and any Officer agent or employee of the Company, or other person designated by the Board of Managers such Member or Officer is hereby authorized and empowered: empowered (aA) to (i) establish established 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, company savings and loan institution, brokerage firm or other financial institution which the Board of Managers 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 Company; and (ii) close Accounts of the Company now or hereafter established; and (bB) to assign, limit or revoke any and all authority of any agent or employee of the Company, or other person designated by the Board of Managers 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, 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 requires for information for any Account of the Company.