Banking Resolution. The Managers shall open all banking accounts as the Managers deem necessary and enter into any deposit agreements as are required by the financial institution at which such accounts are opened. The Managers and such other persons or entities designated in writing by the Managers 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 4 contracts
Samples: Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.)
Banking Resolution. The Managers shall open all banking accounts as the Managers deem necessary and enter into any deposit agreements as are required by the financial institution at which such accounts are opened. The Managers and such other persons or entities designated in writing by the Managers 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: Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.)
