Common use of Banking Clause in Contracts

Banking. All funds of the Company will be deposited in a separate bank account or in an account or accounts of a savings and loan association in the name of the Company as determined by a Majority of the Members. Company funds will be invested or deposited with an institution, the accounts or deposits of which are insured or guaranteed by an agency of the United States government.

Appears in 352 contracts

Sources: Operating Agreement (Sibannac, Inc.), Operating Agreement, Operating Agreement

Banking. All funds of the Company will be deposited in a separate bank account or in an account or accounts of a savings and loan association in the name of the Company as determined by a Majority majority of the Members. Company funds will be invested or deposited with an institution, the accounts or deposits of which are insured or guaranteed by an agency of the United States government.

Appears in 69 contracts

Sources: Operating Agreement, Operating Agreement, Operating Agreement

Banking. All funds of the Company will shall be deposited in a separate bank account or in an account or accounts of a savings and loan association in the name of the Company as determined by a the Majority of the Members. Company funds will shall be invested or deposited with an institution, the accounts or deposits of which are insured or guaranteed by an agency of the United States government.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Banking. All funds of the Company will be deposited in a separate bank account or in an account or accounts of a savings and loan association in the name of the Company as determined by a Majority majority of the Members. Company funds will be invested or deposited with an institution, the accounts or deposits of which are insured or guaranteed by an agency of the United States government.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Banking. All funds of the Company will be deposited in a separate bank account or in an account or accounts of a savings and loan association in the name of the Company as determined by a Majority of the MembersMember. Company funds will be invested or deposited with an institution, the accounts or deposits of which are insured or guaranteed by an agency of the United States government.

Appears in 1 contract

Sources: Operating Agreement (Atlas Energy Tennessee, LLC)

Banking. All funds of the Company company will be deposited in a separate bank account or in an account account, or accounts accounts, of a savings and loan association association, in the name of the Company company as determined by a Majority majority of the Membersmembers. Company funds will be invested or deposited with an institution, the accounts or deposits of which are insured or guaranteed by an agency of the United States government.

Appears in 1 contract

Sources: Operating Agreement

Banking. All funds of the Company will be deposited in a separate bank account or in an account or accounts of a savings and loan association in the name of the Company as determined by a Majority of the MembersManager. Company funds will be invested or deposited with an institution, the accounts accounts, or deposits of which are insured or guaranteed by an agency of the United States government. The Manager shall be authorized to open accounts and be authorized signatory on all accounts.

Appears in 1 contract

Sources: Operating Agreement

Banking. All funds of the Company will be deposited in a separate bank account or in an account or accounts of a savings and loan association in the name of the Company as determined by a Majority unanimous vote of the Members. Company funds will be invested or deposited with an institution, the accounts or deposits of which are insured or guaranteed by an agency of the United States government.

Appears in 1 contract

Sources: Operating Agreement

Banking. All funds of the Company will be deposited in a separate bank account account(s) or in an account or accounts of a savings and loan association in the name of the Company as determined by a Majority of the MembersMember(s). Company funds will be invested or deposited with an institution, the accounts or deposits of which are insured or guaranteed by an agency of the United States government.

Appears in 1 contract

Sources: Operating Agreement