Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.
Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Corporation, and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Corporation. Each such account shall be subject to the terms and conditions of this Agreement and the Corporation shall be liable for the satisfaction of its own obligations in connection with each such account.
Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund on behalf of a Portfolio and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund or the Fund on behalf of one or more Portfolios shall be liable for the satisfaction of its own obligations in connection with each Account; provided however, the respective Portfolio shall not be liable for the obligations of any other affiliated Portfolio thereunder.
Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund and/or the Sponsor shall be liable for the satisfaction of its obligations in connection with each Account.
Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of each Fund of the Corporation, and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of each Fund of the Corporation. Each such account shall be subject to the terms and conditions of this Agreement and each Fund of the Corporation shall be liable for the satisfaction of its own obligations in connection with each such account.
Administrative Accounts. In connection with the services provided hereunder, the Sub-custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of aggregating, netting and/or clearing transactions or other administrative purposes, each on behalf of the Trust.
Administrative Accounts. The operation of administrative accounts is the same as with current accounts with some limitations. This kind of an account can only be used for pre-advised administrative purposes i.e. incoming and outgoing payments from the account is on prior agreements between us and our corporate and correspondent bank clients. Administrative accounts are dedicated to defined administrative payment purposes so cannot be used for purposes other than previously agreed. If such a case occurs we hold the right to refuse any incoming or outgoing payments from the account. All beneficiaries of this account must be acceptable to us and must meet our AML – Anti Money Laundering – requirements For further assistance on this special account please contact our branch.
Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts with a Sub-Custodian from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Trust, and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Trust. Each such account shall be subject to the terms and conditions of this Agreement and the Trust shall be liable for the satisfaction of its own obligations in connection with each such account.
Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of a Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the applicable Fund shall be solely liable for the satisfaction of its obligations in connection with each Account, but shall not be liable for the obligations of any other Fund.
Administrative Accounts. In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund or the Fund on behalf of one or more Portfolios shall be liable for the satisfaction of its obligations in connection with each Account; provided however, the respective Portfolio shall not be liable for the obligations of any other Portfolio thereunder.
