Common use of Bank Accounts; Investments Clause in Contracts

Bank Accounts; Investments. Capital Contributions, revenues and any other Company funds shall be deposited by the Company in a bank account established in the name of the Company, or shall be invested by the Company, at the direction of the Managers, in furtherance of the purpose of the Company set forth in Section 1.5. No other funds shall be deposited into Company bank accounts or commingled with Company investments. Funds deposited in the Company’s bank accounts may be withdrawn only to be invested in furtherance of the Company’s purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Us Geothermal Inc), Operating Agreement (Us Geothermal Inc)

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Bank Accounts; Investments. Capital Contributions, revenues and any other Company funds shall be deposited by the Company in a bank account established in the name of the Company, or shall be invested by the Company, at the direction of the Board of Managers, in furtherance of the purpose purposes of the Company set forth in Section 1.5Company. No other funds shall be deposited into Company bank accounts or commingled with Company investments. Funds deposited in the Company’s 's bank accounts may be withdrawn only to be invested in furtherance of the Company’s 's purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (TMM Lines LTD LLC), Limited Liability Company Agreement (Cp Ships LTD)

Bank Accounts; Investments. Capital Contributions, revenues and any other Company funds shall be deposited by the Company Member in a one or more bank account accounts established in the name of the Company, or shall be invested by the Company, at the direction of the Managers, Member in furtherance of the purpose purposes of the Company set forth in Section 1.5Company. No other funds shall be deposited into Company bank accounts or commingled with Company investments. Funds deposited in the Company’s bank accounts may be withdrawn only to be invested in furtherance of the Company’s Company purposes, to pay Company debts or obligations or to be distributed to the Members Member pursuant to this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Whole Foods Market California, Inc.), Operating Agreement (Whole Foods Market California, Inc.)

Bank Accounts; Investments. Capital Contributions, revenues and any other Company funds shall be deposited by the Company Members in a bank account established in the name of the Company, or shall be invested by the Company, at the direction of the Managers, in furtherance of the purpose of the Company set forth in Section 1.5. No other funds shall be deposited into Company bank accounts or commingled with Company investments. Funds deposited in the Company’s bank accounts may be withdrawn only to be invested in furtherance of the Company’s purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Operating Agreement. All checks shall require the signature of the Managing Member.

Appears in 1 contract

Samples: Operating Agreement (Ryland Group Inc)

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Bank Accounts; Investments. Capital Contributions, revenues and any other Company funds shall be deposited by the Company in a bank account established in the name of the Company, or shall be invested by the Company, at the direction of the ManagersMembers, in furtherance of the purpose purposes of the Company set forth in Section 1.5Company. No other funds shall be deposited into Company bank accounts or commingled with Company investments. Funds deposited in the Company’s 's bank accounts may be withdrawn only to be invested or applied in furtherance of the Company’s purposes, to pay Company debts or obligations 's purposes or to be distributed to the Members pursuant to this Agreement.

Appears in 1 contract

Samples: Operating Agreement (George Foreman Enterprises Inc)

Bank Accounts; Investments. Capital Contributions, revenues and any other Company funds shall be deposited by the Company in a bank account established in the name of the Company. Any amount of funds that are held in reserve, or shall will be invested by the Company, at the direction of the Managers, held in furtherance of the purpose of the Company set forth in Section 1.5an account that bears interest. No other funds shall be deposited into Company bank accounts or commingled with Company investments. Funds deposited in the Company’s 's bank accounts may be withdrawn only to be invested in furtherance of the Company’s 's purposes, to pay Company debts or obligations or to be distributed to the Members Member pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Macquarie Infrastructure CO LLC)

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