Common use of Fiscal Affairs Clause in Contracts

Fiscal Affairs. The Corporation shall maintain only one bank account (the “Operating Account”). All check, wire transfers and payments of any nature shall be deposited into the Operating Account. No funds in excess of $20,000 may be withdrawn from the Operating Account without both the signatures of ▇▇▇▇▇▇▇▇▇ and a nominee of PCP.

Appears in 4 contracts

Sources: Shareholders Management Agreement (EnterConnect Inc), Shareholders Management Agreement (EnterConnect Inc), Shareholders Management Agreement (EnterConnect Inc)