Common use of No Commingling of Funds Clause in Contracts

No Commingling of Funds. The Company shall not commingle the funds and other assets of the Company with those of the Member or of any other person or entity; provided that funds of the Company may be transferred to the Member under a policy to commonly deposit and invest funds if records are maintained that accurately reflect which of such funds are the funds of the Company.

Appears in 17 contracts

Samples: Limited Liability Company Agreement (Cedar Fair Southwest, Inc.), Limited Liability Company Agreement (Cedar Fair Southwest, Inc.), Limited Liability Company Agreement (Cedar Fair Southwest, Inc.)

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No Commingling of Funds. The Company shall not commingle the funds and other assets of the Company with those of the Member or of any other person or entity; provided provided, however, that funds of the Company may be transferred to the Member under a policy to commonly deposit and invest funds if records are maintained that accurately reflect which of such funds are the funds of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (OCH International, Inc.), Limited Liability Company Agreement (OCH International, Inc.), Limited Liability Company Agreement (OCH International, Inc.)

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