Banking Resolution and Check Signing Authority Clause Samples

The "Banking Resolution and Check Signing Authority" clause establishes which individuals or officers within an organization are authorized to open and manage bank accounts, as well as sign checks and other financial instruments on behalf of the entity. Typically, this clause specifies the process for designating authorized signatories, may require board approval for certain actions, and can outline limits on the amounts that can be signed for without additional authorization. Its core function is to ensure clear internal controls over financial transactions, reducing the risk of unauthorized banking activities and providing banks with formal documentation of who is empowered to act for the organization.
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Banking Resolution and Check Signing Authority. The Members hereby unanimously authorize the President to open or continue all banking accounts as he deems necessary and to enter into any deposit agreements as are required by the financial institution at which such accounts are opened. All accounts, depositary agreements, or similar arrangements will be operated in accordance with TFS' approved bank account procedures, including signatory authority, limitations on withdrawal of funds, and similar requirements, as well as any other requirements or limitations approved by the Board from time to time. For so long as a Member, together with its Related Entities, holds at least 10% of the Company's outstanding voting shares, the Company will submit to such Member weekly reports, in form and substance reasonably acceptable to such Member, of all checks and payments issued and made by the Company during the previous week, and hereby grants such Member the right, during normal working hours, to inspect, and if necessary, to take copies of all invoices, deeds, mandates, or other documentation which support or are connected to such payments.
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Related to Banking Resolution and Check Signing Authority

  • Disputes Resolution It is the intent of the parties to communicate on a regular basis in a positive and effective manner. The parties agree to communicate areas of concern as they arise and to address those concerns in a professional manner. Any disputes between the Commission and the School which arise under, or are by virtue of, this Contract and which are not resolved by mutual agreement, shall be decided by the full Commission in writing, within 90 calendar days after a written request by the School for a final decision concerning the dispute; provided that where a disputes resolution process is defined for a particular program area (e.g., IDEA, Section 504, etc.), the Parties shall comply with the process for that particular program area; and further provided that the parties may mutually agree to utilize the services of a third-party facilitator to reach a mutual agreement prior to decision by the full Commission. Subject to the availability of an appeal under Ch. 302D, HRS, or BOE administrative rules or procedures, any such decision by the full Commission shall be final and conclusive.

  • Copies of Resolutions Copies of all proposed or adopted motions, briefs, resolutions, by- laws or rules and regulations by the Municipal, Regional, Provincial or Federal Government or their respective advisory committees which affect the members of this Union and/or the general provision of day care, received by either party shall be maintained in an open file to which the Employees have access.

  • Problem Resolution The parties shall meet and attempt to resolve all disputes and differences that may arise between the parties hereto concerning construction, interpretation, performance, operations, or breach of the matters referred to in this Agreement prior to seeking any legal remedy.

  • Authorizing Resolutions Notwithstanding the foregoing provisions of this section 5.1, an Authorizing Resolution may limit the authority of the Manager and/or confer voting rights on Investor Members.

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