Common use of Bank Documentation Clause in Contracts

Bank Documentation. (i) Promptly upon the Service Company’s request, the Professional Company will execute and deliver to the Service Company for further delivery to any financial institution at which any Operating Account or Lockbox Account is maintained, such additional documents and instruments as may be necessary to evidence the power of attorney granted to the Service Company by the Professional Company pursuant to Section 2.2(a). So long as the Service Company has power of attorney pursuant to Section 2.2(a), the Professional Company will not take any action that interferes with the transfer of funds to the Operating Account from the Lockbox Account, nor will the Professional Company or its agents remove, withdraw or authorize the removal or withdrawal of any funds from the Lockbox Account for any purpose except to accomplish the transfer of funds described in Section 2.2(a)(vi) and Section 2.2(a)(vii). (ii) The Service Company will use the Operating Account only for the purposes specified in this Agreement and, with respect to the Operating Account, will use commercially reasonable efforts not to commingle Professional Company funds with funds from other sources. If any commingling inadvertently occurs, the Service Company will use commercially reasonable efforts to correct, as soon as reasonably practicable, any mistakes that the Service Company discovers with regard to such commingling.

Bank Documentation. (i) Promptly upon the Service Management Company’s request, the Professional Company will execute and deliver to the Service Management Company for further delivery to any financial institution at which any Operating Account or Lockbox Account is maintained, such additional documents and instruments as may be necessary to evidence the power of attorney granted to the Service Management Company by the Professional Company pursuant to Section 2.2(a). So long as the Service Management Company has power of attorney pursuant to Section 2.2(a), the Professional Company will not take any action that interferes with the transfer of funds from the Lockbox Accounts to the Operating Account from the Lockbox Account, Accounts nor will the Professional Company or its their agents remove, withdraw or authorize the removal or withdrawal of any funds from the Lockbox Account Accounts for any purpose except to accomplish the transfer of funds described in Section 2.2(a)(vi2.2(a)(vii) and Section 2.2(a)(vii2.2(a)(viii). (ii) The Service Management Company will use the Operating Account Non-Government Lockbox Accounts only for the purposes specified in this Agreement and, with respect to the Operating AccountNon-Government Lockbox Accounts, will use commercially reasonable efforts not to intentionally commingle Professional Company funds with funds from other sources. If any commingling inadvertently occursoccurs (such as errors in Third-Party Payor payment processing), the Service Management Company will use commercially reasonable efforts to correct, as soon as reasonably practicable, any mistakes that the Service Management Company discovers with regard to such commingling.