OPERATION OF BANK ACCOUNTS. (i) Until the Charges become enforceable, the Chargors shall be entitled to receive, withdraw or otherwise transfer any credit balance from time to time on any Bank Account subject to the terms of the Priority Lien Documents;
OPERATION OF BANK ACCOUNTS. The firm shall open a current account in the name of at any nationalized banks, scheduled Banks or any co-operative Banks and such account shall be operated by first and second partners jointly as declared from time to time to the Banks. 8)
OPERATION OF BANK ACCOUNTS. The firm shall open a current account in the name of [Partnership Firm Name] at any bank and such account shall be operated by [First Partner] and [Second Partner] jointly as declared from time to time to the Banks.
OPERATION OF BANK ACCOUNTS. The Grantor agrees that, if an Event of Default occurs:
OPERATION OF BANK ACCOUNTS. 12.1 The Parties shall procure that each of the Directors and Shareholders have not less than read only online access to the bank accounts of each Group Company for the purpose of monitoring expenditure.
OPERATION OF BANK ACCOUNTS. This can be exercised in the meeting of the Board of Directors of the Company and need not be included in this agreement.
OPERATION OF BANK ACCOUNTS. (a) Subject to and in accordance with the terms and conditions of the Loan Documents, the Administrative Agent hereby grants the power of attorney to and authorises the Assignor to dispose of the Bank Account Claims and, in particular, to use any balance on its Bank Accounts freely in the course of its business acting with the standard of care of a prudent merchant for as long as no Event of Default has occurred.
OPERATION OF BANK ACCOUNTS. (a) The Assignor hereby undertakes to procure that all debtors of Assigned Claims make payment in respect of such Assigned Claims exclusively to a Bank Account. Any payments in respect of Assigned Claims credited to other accounts shall be promptly transferred by the Assignor to a Bank Account.
OPERATION OF BANK ACCOUNTS. That the Bank account(s) of the firm will be operated by the Parties jointly or any two of them jointly.
OPERATION OF BANK ACCOUNTS. 122. The Board shall have the power to authorise any Director or Directors or any officers to open bank accounts; to sign cheques on behalf of the Company; to operate all banking accounts of the Company; and to receive payments, make endorsements, draw and accept negotiable instruments, hundies and bills. In addition, the Directors may authorise any other person or persons to exercise such powers.
