Common use of Banks Clause in Contracts

Banks. Schedule 5.20 sets forth (i) the name of each bank, trust company or other financial institution and stock or other broker with which GRS has an account, credit line or safe deposit box or vault, (ii) the names of all persons authorized to draw thereon or to have access to any safe deposit box or vault, (iii) the purpose of each such account, safe deposit box or vault, and (iv) the names of all persons authorized by proxies, powers of attorney or other like instrument to act on behalf of GRS in matters concerning any of its business or affairs. Except as otherwise set forth in Schedule 5.20, no such proxies, powers of attorney or other like instruments are irrevocable.

Banks. Schedule 5.20 3.19 sets forth (i) the name of each bank, trust company or other financial institution and stock or other broker with which GRS the Company has an account, credit line or safe deposit box or vault, (ii) the names of all persons authorized to draw thereon or to have access to any safe deposit box or vault, (iii) the purpose of each such account, safe deposit box or vault, and (iv) the names of all persons authorized by proxies, powers of attorney or other like instrument to act on behalf of GRS the Company in matters concerning any of its business or affairs. Except as otherwise set forth in Schedule 5.203.19, no such proxies, powers of attorney or other like instruments are irrevocable.