Common use of Depository Bank Clause in Contracts

Depository Bank. 1. The Executive Committee shall select a depository bank, treasurer for CES’ funds or fiscal agent, according to the regulations provided for member organizations in selecting depository banks. 2. All funds of CES shall be deposited within 24 hours of receipt or the next business day to the credit of CES or its agent in such banks, trust companies or other depositories as the Executive Committee or its agent may select.

Depository Bank. (1. ) The Executive Committee shall select a depository bank, treasurer for CES’ funds or fiscal agent, according to the regulations provided for member Member organizations in selecting depository banks. (2. ) All funds of CES shall be deposited within 24 hours of receipt or the next business day to the credit of CES or its agent in such banks, trust companies or other depositories as the Executive Committee or its agent may select.

Depository Bank. (1. ) The Executive Committee shall select a depository bank, treasurer for CES’ funds or fiscal agent, according to the regulations provided for member Member organizations in selecting depository banks. (2. ) All funds of CES shall be deposited within 24 hours of receipt or no later than the next business day to the credit of CES or its agent in such banks, trust companies or other depositories as the Executive Committee or its agent may select.

Depository Bank. 1. The Executive Committee shall select a depository bank, treasurer for CES’ funds or fiscal agent, according to the regulations provided for member Member organizations in selecting depository banks. 2. All funds of CES shall be deposited within 24 hours of receipt or the next business day to the credit of CES or its agent in such banks, trust companies or other depositories as the Executive Committee or its agent may select.