Partnership Account Sample Clauses

Partnership Account. 7.1 If you are, and your Account is opened in the name of, a partnership (other than a partnership having separate legal personality), any change in:
AutoNDA by SimpleDocs
Partnership Account. All partnership funds shall be deposited in an account in the partnership name in a bank selected by a majority of the partners. Checks shall be drawn upon the partnership account only for partnership purposes and shall be signed by any two partners designated by the partners.
Partnership Account. Manager agrees to maintain the Partnership Account and to deposit all revenues and payments received from the sale of the Partnership’s Hydrocarbons in the Partnership Account. Manager will direct all purchasers of production of Partnership to pay all revenues due in respect of the sale of Partnership’s Hydrocarbons directly into the Partnership Account. If Manger or its Affiliates inadvertently receive any revenues attributable to Partnership, Manager shall promptly pay and deposit such revenues into the Partnership Account.
Partnership Account. The Customers agree that they shall be jointly and severally responsible for all obligations and liabilities in connection with the Account. The instructions given by the Customers for the operation of the Account shall remain in force until revoked in writing notwithstanding any change in the constitution or the name of the partnership and shall apply notwithstanding any change in the membership of the partnership whether by death, bankruptcy, retirement, admission of new partners or otherwise.
Partnership Account. For financial transactions within the partnership, a partnership account is established. The bank details of this account are: Name of the bank: xxx Address of the bank: xxx IBAN: xxx Swift Code: xxx Transactions from this account can be made in the presence of 2 authorized persons. The authorized persons are: - The partnership coordinator - The pastors of Idunda and Xxxxxxxx - The leader of the Women Department in Makete - The Pastor of Xxxxxx Xxxxxx Kirchengemeinde Wentorf Significant changes to this account (e.g. changes of bank details, changes of authorities, closure of the account etc.) may only be made in agreement with the partners in Wentorf which shall be proven by a written confirmation.
Partnership Account. The General Partner will open the Partnership Account and will provide the necessary details of the Partnership Account to the Partners. The General Partner will designate from time to time those Persons who are authorized to make deposits to and draw on the Partnership Account and to issue and sign cheques for and on behalf of the Partnership.
Partnership Account. 5.1 If a member of a Firm ceases to be a member due to death or otherwise, Ajman Bank is authorized, until it receives notice in writing to the contrary from all the remaining partners or any one of them, or the legal representatives or trustees of any otherpartners, to treat the surviving or continuing partner(s) for the time being as having full powers to carry on the business of the Firm and to deal with its assets as freely as if there had been no change in the partnership deed of the Firm.
AutoNDA by SimpleDocs
Partnership Account. The Partnership Manager shall establish the Partnership Account on behalf of the Partnership through which all payments received by or on behalf of the Partnership shall be deposited and thereafter disbursed as authorized by this Agreement. Monthly statements with regard to such accounts shall be retained with the records of the Partnership. The funds in this account shall remain independent and not be commingled with the funds of the entity comprising the Partnership Manager or Operator nor shall such funds be subject to the liens, encumbrances or claims or any kind directed against the Partnership Manager or Operator individually. Any cash in excess of requirements existing in the Partnership Account on any business day shall be invested in overnight or other interest bearing funds.
Partnership Account. The Operator must open in its own name, but in trust for the Partnership, and maintain a special purpose bank account (which must be interest-bearing if possible) to be styled the "New Afton Limited Partnership Account" into which account all contributions made by the Partners and all other receipts by the Operator on account of the Partnership must be deposited and from which all Expenditures will be paid or reimbursed to the Operator. For greater certainty, the Operator shall not use any funds from the Partnership Account except in connection with the Partnership Business.
Partnership Account. 11.4.1 The information of the fundraising account of this Limited Partnership is shown below: Account name: Aiying Xingsheng Medical Equity Investment Partnership (Limited Partnership) of Ningbo Meishan Bonded Port Area Bank of deposit: Industrial Bank Co., Ltd. Shanghai Branch A/C No.: 216200100101598150
Time is Money Join Law Insider Premium to draft better contracts faster.