Common use of Partnership Bank Account Clause in Contracts

Partnership Bank Account. The General Partner shall receive all monies of the Partnership and shall deposit the same in one or more Partnership bank accounts. All expenditures by the General Partner on partnership interests shall be made by checks or other debits drawn against the Partnership bank account. Withdrawals from the Partnership bank accounts shall be made on such signature or signatures and on such terms and conditions as the General Partner shall authorize.

Partnership Bank Account. The General Partner shall receive all monies moneys of the Partnership and shall deposit the same in one or more Partnership bank accounts. All expenditures by on behalf of the General Partner on partnership interests Partnership shall be made by checks or other debits drawn against the Partnership bank account. Withdrawals from the Partnership bank accounts shall be made on such signature or signatures and on such terms and conditions as the General Partner shall authorize.