Common use of Agency Accounts Clause in Contracts

Agency Accounts. Manager will, maintain on behalf of, and as --------------- agent for, the Company and/or its subsidiaries, as appropriate, checking accounts in the name of the Company and/or its subsidiaries, as appropriate (the "Agency Accounts") at a bank or banks selected by Manager and reasonably acceptable to the Company. All receipts derived from the operation of the Systems shall be collected on behalf of the Company, as appropriate and promptly deposited in an Agency Account. All disbursements made by Manager on behalf of the Company as appropriate as permitted under this Agreement shall be made by checks drawn by Manager on the Agency Accounts. Manager will have the right and authority to make deposits to and disbursements and withdrawals from the Agency Accounts. Manager will have the right and authority to disburse or have disbursed from the Agency Accounts payments for all expenses, costs and liabilities in connection with the construction, development, operation, maintenance, repair and ownership of the Systems and the Company and its subsidiaries, including, without limitation:

Agency Accounts. Manager will, maintain on behalf of, --------------- and as --------------- agent for, the Company and/or its subsidiaries, as appropriate, checking accounts in the name of the Company and/or its subsidiaries, as appropriate (the "Agency Accounts") at a bank or banks selected by Manager and reasonably acceptable to the Company. All receipts derived from the operation of the Systems shall be collected on behalf of the Company, as appropriate and promptly deposited in an Agency Account. All disbursements made by Manager on behalf of the Company as appropriate as permitted under this Agreement shall be made by checks drawn by Manager on the Agency Accounts. Manager will have the right and authority to make deposits to and disbursements and withdrawals from the Agency Accounts. Manager will have the right and authority to disburse or have disbursed from the Agency Accounts payments for all expenses, costs and liabilities in connection with the construction, development, operation, maintenance, repair and ownership of the Systems and the Company and its subsidiaries, including, without limitation: