Common use of Custody of Company Funds; Bank Accounts Clause in Contracts

Custody of Company Funds; Bank Accounts. (a) The Manager shall have a fiduciary responsibility for the safekeeping and use of all funds and assets of the Company, whether or not in their immediate possession or control. The Company’s funds shall not be commingled with the funds of any other Person and the Manager shall not use, or permit use of, the Company’s funds in any manner except for the benefit of the Company. (b) All funds of the Company not otherwise invested shall be deposited in one or more internet–accessible accounts maintained in such federally insured financial institutions as the Manager may deem appropriate, and withdrawals shall be made only in the regular course of Company business on such signature or signatures as the Manager may deem appropriate. Usernames and passwords for access to all accounts shall be made available to all members.

Custody of Company Funds; Bank Accounts. (a) The Manager shall have a fiduciary responsibility for the safekeeping and use of all funds and assets of the Company, whether or not in their immediate possession or control. The Company’s funds shall not be commingled with the funds of any other Person and the Manager shall not use, or permit use of, the Company’s funds in any manner except for the benefit of the Company. (b) . All funds of the Company not otherwise invested shall be deposited in one or more internet–accessible accounts maintained in such federally insured financial institutions as the Manager may deem appropriate, and withdrawals shall be made only in the regular course of Company business on such signature or signatures as the Manager may deem appropriate. Usernames and passwords for access to all accounts shall be made available to all members.

Custody of Company Funds; Bank Accounts. (a) The Manager Board, or such Officer as the Board shall appoint, shall have a fiduciary responsibility for the safekeeping and use of all funds and assets of the Company, whether or not in their his immediate possession or control. The Company’s 's funds shall not be commingled with the funds of any other Person and the Manager no Director or Officer shall not use, or permit use of, the Company’s 's funds in any manner except for the benefit of the Company. (b) All funds of the Company not otherwise invested shall be deposited in one or more internet–accessible accounts maintained in such federally federally-insured financial institutions as the Manager Board may deem appropriate, and withdrawals shall be made only in the regular course of Company business on such signature or signatures as the Manager Board may deem appropriate. Usernames and passwords for access to all accounts shall be made available to all membersspecify.