Treasury Functions. (a) The Manager shall be authorised to operate the Company’s and each Subsidiary’s bank accounts in accordance with such principles therefore as the Board from time to time shall approve. The Manager shall, when specifically authorised to do so by the Board or the board of directors of a Subsidiary, open bank accounts in the Company’s or such Subsidiary’s name and enter into account agreements and all such other contracts or agreements as shall be required for this purpose.
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Samples: General Management Agreement, General Management Agreement (North Atlantic Drilling Ltd.)
Treasury Functions. (a) The Manager shall be authorised to operate the Company’s and each Subsidiary’s bank accounts in accordance with such principles therefore as the Board from time to time shall approve. The Manager shall, when specifically authorised to do so by the Board or the board of directors of a SubsidiaryBoard, open bank accounts in the Company’s or such Subsidiary’s name and enter into account agreements and all such other contracts or agreements as shall be required by the banks and others for this purpose.
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Treasury Functions. (a) a. The Manager shall be authorised to open and operate the Company’s and each Subsidiary’s Group's bank accounts in accordance with such principles therefore as the Board from time to time shall approve. The Manager shall, when specifically in this respect, be authorised to do so by the Board or the board of directors of a Subsidiary, open bank accounts in the Company’s or such Subsidiary’s name and enter into account agreements and all such other contracts or agreements as shall be required by the banks and others for this purpose.
Appears in 1 contract
Samples: Management Agreement (Golar LNG LTD)
Treasury Functions. (a) The Manager shall be authorised to open, close and operate the Company’s 's and each Subsidiary’s 's bank accounts in accordance with such principles therefore therefor as the Board from time to time shall approve. The Manager shall, when specifically authorised to do so by the Board or the board of directors of a Subsidiary, open bank accounts in the Company’s or such Subsidiary’s name approve and enter into account agreements and all such other contracts or agreements as shall be required for this purpose.
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