BANK ACCOUNTS. The Advisor may establish and maintain one or more bank accounts in the name of the Company or the Operating Partnership and may collect and deposit into any such account or accounts, and disburse from any such account or accounts, any money on behalf of the Company or the Operating Partnership, under such terms and conditions as the Board may approve, provided that no funds shall be commingled with the funds of the Advisor; and the Advisor shall from time to time render appropriate accountings of such collections and payments to the Board and to the auditors of the Company.
BANK ACCOUNTS. The Advisor may establish and maintain one or more bank accounts in the name of the Company orand the Operating Partnership and any subsidiary thereof and may collect and deposit into any such account or accounts, and disburse from any such account or accounts, any money on behalf of the Company or the Operating Partnership, consistent with the Advisors authority under such terms and conditions as the Board may approve,this Agreement, provided that no funds shall be commingled with the funds of the Advisor; and the Advisor shall from time to time renderrender, upon request by the Board, its audit committee or the auditors of the Company, appropriate accountings of such collections and payments to the BoardBoard, its audit committee and to the auditors of the Company.Company, as applicable.
The Advisor may establish and maintain one or more bank accounts in the name of the Company orand the Operating Partnership and may collect and deposit into any such account or accounts, and disburse from any such account or accounts, any money on behalf of the Company or the Operating Partnership, under such terms and conditions as the Board may approve, provided that no funds shall be commingled with the funds of the Advisor; and theAdvisor. The Advisor shall from time to time render appropriate accountings of such collections and payments to the Board and to the independent auditors of the Company.
The Advisor may establish and maintain one or more bank accounts in the name of the Company or the Operating Partnership(and its Subsidiaries) and may collect and deposit into any such account or accounts, and disburse from any such account or accounts, any money on behalf of the Company or the Operating Partnership,and its Subsidiaries, under such terms and conditions as the Board (or the governing body of such Subsidiary) may approve, provided that no funds shall be commingled with the funds of the Advisor; and theAdvisor. The Advisor shall from time to time render appropriate accountings of such collections and payments to the Board and to the independent auditors of the Company.
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