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.

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.