Common use of Treasurer’s Bond Clause in Contracts

Treasurer’s Bond. If required by the Management Directors, the Treasurer and any Assistant Treasurer shall give the Company a bond in such sum and with such surety or sureties as shall be satisfactory to the Management Directors for the faithful performance of the duties of his office and for the restoration to the Company, in case of his death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his possession or under his control belonging to the Company.

Appears in 30 contracts

Samples: Limited Liability Company Agreement (United States Brent Oil Fund, LP), Limited Liability Company Agreement (United States 12 Month Oil Fund, LP), Limited Liability Company Agreement (United States Heating Oil Fund, LP)

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