Common use of DEPOSIT AND WITHDRAWAL OF FUNDS Clause in Contracts

DEPOSIT AND WITHDRAWAL OF FUNDS. All moneys received by the Directors hereunder shall be deposited by them in a general account in such bank or banks as the Directors may designate for that purpose. All withdrawals of moneys from such general account shall be made only by checks signed by such Directors as may be authorized in writing by the Directors to sign such checks, and no such checks shall be valid unless signed by at least two (2) Directors, one of whom shall be a Union Director and one an Employer Director. Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXII) The Employer Directors shall designate in writing the name or names of the particular Employer Directors who may sign checks in the above manner, and the Union Directors shall likewise designate in writing the name or names of the particular Union Directors who may sign checks in the above manner. The Directors may in their discretion establish such other special, payroll, or expense accounts with said bank or banks to facilitate the administration of the Plan, but such special accounts shall be limited to funds transferred from the general account in the manner above stated and shall be further limited so that at no time in such special accounts, in the aggregate, shall funds be carried in excess of the reasonable requirements for two (2) months' operation of the Plan. The Directors may in their discretion designate one or more employees of the Plan to sign checks upon such separate and specific bank account or accounts as the Directors may establish and limit for the purposes hereof.

DEPOSIT AND WITHDRAWAL OF FUNDS. All moneys received by the Directors hereunder shall be deposited by them in a general account in such bank or banks as the Directors may designate for that purpose. All withdrawals of moneys from such general account shall be made only by checks signed by such Directors as may be authorized in writing by the Directors to sign such checks, and no such checks shall be valid unless signed by at least two (2) Directors, one of whom shall be a Union Director and one an Employer Director. Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXIICXXX) The Employer Directors shall designate in writing the name or names of the particular Employer Directors who may sign checks in the above manner, and the Union Directors shall likewise designate in writing the name or names of the particular Union Directors who may sign checks in the above manner. The Directors may in their discretion establish such other special, payroll, or expense accounts with said bank or banks to facilitate the administration of the Plan, but such special accounts shall be limited to funds transferred from the general account in the manner above stated and shall be further limited so that at no time in such special accounts, in the aggregate, shall funds be carried in excess of the reasonable requirements for two (2) months' operation of the Plan. The Directors may in their discretion designate one or more employees of the Plan to sign checks upon such separate and specific bank account or accounts as the Directors may establish and limit for the purposes hereof.

DEPOSIT AND WITHDRAWAL OF FUNDS. All moneys received by the Directors hereunder shall be deposited by them in a general account in such bank or banks as the Directors may designate for that purpose. All withdrawals of moneys from such general account shall be made only by checks signed by such Directors as may be authorized in writing by the Directors to sign such checks, and no such checks shall be valid unless signed by at least two (2) Directors, one of whom shall be a Union Director and one an Employer Director. Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXIICXXXVI) The Employer Directors shall designate in writing the name or names of the particular Employer Directors who may sign checks in the above manner, and the Union Directors shall likewise designate in writing the name or names of the particular Union Directors who may sign checks in the above manner. The Directors may in their discretion establish such other special, payroll, or expense accounts with said bank or banks to facilitate the administration of the Plan, but such special accounts shall be limited to funds transferred from the general account in the manner above stated and shall be further limited so that at no time in such special accounts, in the aggregate, shall funds be carried in excess of the reasonable requirements for two (2) months' operation of the Plan. The Directors may in their discretion designate one or more employees of the Plan to sign checks upon such separate and specific bank account or accounts as the Directors may establish and limit for the purposes hereof.

DEPOSIT AND WITHDRAWAL OF FUNDS. All moneys received by the Directors hereunder shall be deposited by them in a general account in such bank or banks as the Directors may designate for that purpose. All withdrawals of moneys from such general account shall be made only by checks signed by such Directors as may be authorized in writing by the Directors to sign such checks, and no such checks shall be valid unless signed by at least two (2) Directors, one of whom shall be a Union Director and one an Employer Director. Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXIICXXXV) The Employer Directors shall designate in writing the name or names of the particular Employer Directors who may sign checks in the above manner, and the Union Directors shall likewise designate in writing the name or names of the particular Union Directors who may sign checks in the above manner. The Directors may in their discretion establish such other special, payroll, or expense accounts with said bank or banks to facilitate the administration of the Plan, but such special accounts shall be limited to funds transferred from the general account in the manner above stated and shall be further limited so that at no time in such special accounts, in the aggregate, shall funds be carried in excess of the reasonable requirements for two (2) months' operation of the Plan. The Directors may in their discretion designate one or more employees of the Plan to sign checks upon such separate and specific bank account or accounts as the Directors may establish and limit for the purposes hereof.