Partnership Account. 7.1 If you are, and your Account is opened in the name of, a partnership (other than a partnership having separate legal personality), any change in:
(a) the name of the partnership;
(b) the partners of the partnership as a result of death, retirement or introduction of new partner; or
(c) the constitution of the partnership, shall not affect your Liabilities which shall continue and be binding on you and all partners from time to time constituting the partnership. We shall be entitled to debit your Account at any time in respect of any sum howsoever due or owed to us by any partner from time to time constituting the partnership.
Partnership Account. All partnership funds shall be deposited in an account in the partnership name in a bank selected by a majority of the partners. Checks shall be drawn upon the partnership account only for partnership purposes and shall be signed by any two partners designated by the partners.
Partnership Account. Manager agrees to maintain the Partnership Account and to deposit all revenues and payments received from the sale of the Partnership’s Hydrocarbons in the Partnership Account. Manager will direct all purchasers of production of Partnership to pay all revenues due in respect of the sale of Partnership’s Hydrocarbons directly into the Partnership Account. If Manger or its Affiliates inadvertently receive any revenues attributable to Partnership, Manager shall promptly pay and deposit such revenues into the Partnership Account.
Partnership Account. The Customers agree that they shall be jointly and severally responsible for all obligations and liabilities in connection with the Account. The instructions given by the Customers for the operation of the Account shall remain in force until revoked in writing notwithstanding any change in the constitution or the name of the partnership and shall apply notwithstanding any change in the membership of the partnership whether by death, bankruptcy, retirement, admission of new partners or otherwise.
Partnership Account. 5.1 If a member of a Firm ceases to be a member due to death or otherwise, Ajman Bank is authorized, until it receives notice in writing to the contrary from all the remaining partners or any one of them, or the legal representatives or trustees of any other partners, to treat the surviving or continuing partner(s) for the time being as having full powers to carry on the business of the Firm and to deal with its assets as freely as if there had been no change in the partnership deed of the Firm.
5.2 Each partner acknowledges that in case of any changes in the powers of any partner with respect to representing the Firm whether due to withdrawal, resignation, dismissal, changes in the Constituent Documents of the Firm, change in the name of the Firm, the forfeiture of legal capacity of any of the partners, the declaration of a partner’s bankruptcy, death, the entry of or withdrawal of one or more partners, then the remaining partners shall remain fully liable to Ajman Bank for all transactions with Ajman Bank. In addition, the partners and their heirs undertake to pay all amounts and fulfill all financial obligations due to Ajman Bank from the Firm. Ajman Bank may, at its discretion, apply for the attachment of the Firm’s Account.
Partnership Account. 11.4.1 The information of the fundraising account of this Limited Partnership is shown below: Account name: Aiying Xingsheng Medical Equity Investment Partnership (Limited Partnership) of Ningbo Meishan Bonded Port Area Bank of deposit: Industrial Bank Co., Ltd. Shanghai Branch A/C No.: 216200100101598150
11.4.2 The information of the custody account of this Limited Partnership is shown below: Account name: Aiying Xingsheng Medical Equity Investment Partnership (Limited Partnership) of Ningbo Meishan Bonded Port Area A/C No.: 216200100101598274 Bank of deposit: Industrial Bank Co., Ltd. Shanghai Branch
Partnership Account. A Partnership Account shall be established and maintained on behalf of the Partnership. The General Partners shall deposit the proceeds of all Capital Contributions, Construction Loans, and Partner Loans and any other receipts of the Partnership with respect to the Project into the Partnership Account promptly upon the receipt thereof by the Partnership or by any General Partner on its behalf. The amounts held in the Partnership Account shall be used by the Partnership in a manner consistent with this Agreement. All disbursements from the Partnership Account shall be made (i) to comply with the provisions of Section 4.1, (ii) at the direction of the Executive Director, to pay or reimburse costs of the Project, or (iii) as the Management Committee may otherwise direct.
Partnership Account. For financial transactions within the partnership, a partnership account is established. The bank details of this account are: Name of the bank: xxx Address of the bank: xxx IBAN: xxx Swift Code: xxx Transactions from this account can be made in the presence of 2 authorized persons. The authorized persons are: - The partnership coordinator - The pastors of Idunda and Xxxxxxxx - The leader of the Women Department in Makete - The Pastor of Xxxxxx Xxxxxx Kirchengemeinde Wentorf Significant changes to this account (e.g. changes of bank details, changes of authorities, closure of the account etc.) may only be made in agreement with the partners in Wentorf which shall be proven by a written confirmation.
Partnership Account. If the account is owned by a partnership, the authorized signers certify that they are general partners of the named partnership and that each partner has full authority to act and sign for the partnership in all regards. The partners agree, personally, jointly and severally to be liable for and to indemnify, defend and hold the Bank harmless from any liability the partnership incurs with respect to the account. The authority of each partner shall be binding upon the partnership and each partner thereof until written notice of revocation of such authority from one (1) of the partners has been received by the Bank and the Bank has had a reasonable opportunity to act on the notice.
Partnership Account. The General Partner will open the Partnership Account and will provide the necessary details of the Partnership Account to the Partners. The General Partner will designate from time to time those Persons who are authorized to make deposits to and draw on the Partnership Account and to issue and sign cheques for and on behalf of the Partnership.
