Partnership Accounts definition
Examples of Partnership Accounts in a sentence
All funds of the Partnership shall be deposited in one of the Partnership Accounts and used exclusively for Partnership purposes.
No Partner shall commingle any other funds with the funds of the Partnership in the Partnership Accounts.
The Partnership Accounts shall be administered in accordance with any contractual agreements to which the Partnership is a party or by which it is bound, and subject thereto, in accordance with the business judgment of the Board.
If so requested in writing by any Partner, the CEO shall notify the Partners in writing of the location of all Partnership Accounts.
The Lyondell Partner has submitted to the Bayer Partner for review a description of the internal authorisation and control system that has been put in place by the Lyondell Partner to protect the interests of the Partnership and the names of the persons currently authorised to withdraw funds from the Partnership Accounts on behalf of the Lyondell Partner.