LLC Funds Sample Clauses
LLC Funds. The Board and Officers may not commingle the LLC's funds with the funds of any Unitholder or Manager.
LLC Funds. All property of the Company in the form of cash not otherwise invested shall be deposited in one or more bank accounts maintained in the name of the Company or the name of the Initial Member, in such financial institutions as the Managers shall determine. The funds of the Company shall not be commingled with the funds of any other Person. The Managers shall deposit into such accounts all revenue and proceeds of or in connection with the Company’s business and all amounts received by the Managers from, for, or on behalf of, the Company.
LLC Funds. Except as specifically provided in this Agreement or with the approval of the Board, the LLC shall not pay to or use for the benefit of any Unitholder, funds, assets, credit, or other resources of any kind or description of the LLC. Funds of the LLC shall (i) be deposited only in the accounts of the LLC in the LLC’s name, (ii) not be commingled with funds of any Unitholder, and (iii) be withdrawn only upon such signature or signatures as may be designated in writing from time to time by the Board.
LLC Funds. All funds of the LLC shall be deposited in its name, or in such name as may be designated by the Managing Member, in such checking, savings or other accounts, or held in its name in the form of such other investments as shall be designated by the Managing Member. The funds of the LLC shall not be commingled with the funds of any other Person. All withdrawals of such deposits or liquidations of such investments by the LLC shall be made exclusively upon the signature or signatures of the Managing Member.