Common use of Banking Resolution Clause in Contracts

Banking Resolution. The Member shall open such banking accounts for and in the name of Company as the Member deems necessary and shall enter into such deposit agreements as are required by the financial institutions at which such accounts are opened. The Member and such other person or entities designated in writing by the Member shall have signing authority with respect to such bank accounts. Funds deposited into such accounts shall be used only for the business of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Bfa Liquidation Trust), Operating Agreement (Baptist Foundation of Arizona)

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Banking Resolution. The Member shall open such all banking accounts for and in the name of Company as the Member it deems necessary and shall enter into such any deposit agreements as are required by the financial institutions institution at which such accounts are opened. The Member and such other person persons or entities designated in writing by the Member shall have signing authority with respect to such bank accounts. Funds deposited into such accounts shall be used only for the business of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Meritage Corp), Operating Agreement (Cbre Holding Inc)

Banking Resolution. The Member shall open such all banking accounts for and in the name of Company as the Member it deems necessary and shall may enter into such any deposit agreements as are required by the financial institutions institution at which such accounts are openedopened as and to the extent the Member deems necessary or advisable. The Member and such other person persons or entities designated in writing by the Member shall have signing authority with respect to such bank accounts. Funds deposited into such accounts shall be used only for the business of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Meritage Homes CORP), Operating Agreement (Meritage Homes CORP)

Banking Resolution. The Member shall open such all banking accounts for and in the name of Company as the Member deems necessary and shall enter into such any deposit agreements as are required by the financial institutions institution at which such accounts are opened. The Member and such other person persons or entities designated in writing by the Member shall have signing authority with respect to such bank accounts. Funds deposited into such accounts shall be used only for the business of the Company.

Appears in 1 contract

Samples: Operating Agreement (Meritage Homes CORP)

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Banking Resolution. The Members hereby authorize either Member shall to open such all banking accounts for and in the name of Company as the Member deems they deem necessary and shall to enter into such any deposit agreements as are required by the financial institutions institution at which such accounts are opened. The Member and such other person or entities designated in writing by the Each Member shall have signing authority with respect to such bank banking accounts. Funds deposited into such accounts shall be used only for the purpose and business of the Company.

Appears in 1 contract

Samples: Operating Agreement (Rural Metro of South Dakota Inc)

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