Common use of Banking Matters Clause in Contracts

Banking Matters. The Sole Member, the Board and each Officer and any agent or employee of the Company, or other person designated by the Sole Member, the Board or such Officer is hereby authorized and empowered (A) to (i) establish one or more domestic or international accounts (including but not limited to, depository, checking, disbursement, custodian, or investment accounts, and other accounts as deemed necessary or expeditious for business purposes of the Company or any Series) (“Accounts”), in the name of the Company or any Series with any bank, trust company, savings and loan institution, brokerage firm or other financial institution which the Sole Member, the Board or said Officer shall from time to time designate as a depository of funds, securities or other property of the Company or any Series, for any purpose and on terms and conditions deemed appropriate by such person on behalf of the Company or any Series; and (ii) close Accounts of the Company or any Series now or hereafter established; and (B) to assign, limit or revoke any and all authority of any agent or employee of the Company or any Series, or other person designated by the Sole Member, the Board or such Officer to (i) sign checks, drafts and orders for the payment of money drawn on the Company’s or any Series’ Accounts, and all notes of the Company or any Series and all acceptances and endorsements of the Company or any Series; (ii) execute or initiate electronic fund transfers; (iii) execute or initiate foreign currency exchange transactions; (iv) execute or initiate the investment of monies; and (v) initiate requests for information for any Account of the Company or any Series.