Advance Funds. Custodian, in its sole discretion, may advance funds to or for the benefit of Account in connection with the settlement of securities or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with the Account transactions. Principal agrees to reimburse Custodian on demand the amount of the advance or overdraft and any related fees and interest as established in Custodian's fee schedule or as otherwise established by Custodian. Principal will bear the risk from any currency valuation differences associated with Principal’s reimbursement obligations to Custodian. Custodian shall also have the right to utilize any cash in the Account in order to obtain reimbursement hereunder and to setoff Custodian’s obligations with respect to any deposits or credit balances in the Account against any obligation of Principal hereunder.
Appears in 8 contracts
Samples: Global Custody Agreement (Atlas U.S. Tactical Income Fund), Custody Agreement (Unified Series Trust), Global Custody Agreement (Arrow Investments Trust)
Advance Funds. Custodian, in its sole discretion, may advance If Custodian advances funds to or for the benefit of Account in connection with the settlement of securities or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with the Account settlement of securities transactions. , maturity or income payments or funds transfers, Principal agrees to reimburse Custodian on demand the amount of the advance or overdraft and any all related fees and interest as established in Custodian's published fee schedule or as otherwise established by Custodianschedule. Principal will bear the risk from any currency valuation differences associated with Principal’s reimbursement obligations to Custodian. Custodian shall also have the right to utilize any cash in the Account in order to obtain reimbursement hereunder and to setoff Custodian’s obligations with respect to any deposits or credit balances in the Account against any obligation of Principal hereunder.
Appears in 7 contracts
Samples: Custodian Agreement (CLA Strategic Allocation Fund), Custody Agreement (BlueArc Multi-Strategy Fund), Custodian Agreement (Forefront Income Trust)
Advance Funds. Custodian, in its sole discretion, may advance If Custodian advances funds to or for the benefit of Account in connection with the settlement of securities or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with the Account settlement of securities transactions. Principal , maturity or income payments or funds transfers, the applicable Fund agrees to reimburse Custodian on demand the amount of the advance or overdraft and any all related fees and interest as established in Custodian's ’s published fee schedule or as otherwise established by Custodianschedule. Principal A Fund will bear the risk from any currency valuation differences associated with Principalthat Fund’s reimbursement obligations to Custodian. Custodian shall also have the right to utilize any cash in the Account in order to obtain reimbursement hereunder and to setoff Custodian’s obligations with respect to any deposits or credit balances in the Account against any obligation of Principal the applicable Fund hereunder.
Appears in 3 contracts
Samples: Custody Agreement (WTI Fund X, Inc.), Global Custody Agreement (Venture Lending & Leasing IX, Inc.), Global Custody Agreement (Venture Lending & Leasing VIII, Inc.)
Advance Funds. Custodian, in its sole discretion, may advance If Custodian advances funds to or for the benefit of Account in connection with the settlement of securities or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with the Account settlement of securities transactions. , maturity or income payments or funds transfers, Principal agrees to reimburse Custodian on demand the amount of the advance or overdraft and any all related fees and interest as established in Custodian's published fee schedule or as otherwise established by Custodianschedule. Principal will bear the risk from any currency valuation differences associated with Principal’s 's reimbursement obligations to Custodian. Custodian shall also have the right to utilize any cash in the Account in order to obtain reimbursement hereunder and to setoff Custodian’s 's obligations with respect to any deposits or credit balances in the Account against any obligation of Principal hereunder.
Appears in 1 contract
Advance Funds. Custodian, in its sole discretion, may advance If Custodian advances funds to or for the benefit of Account in connection with the settlement of securities or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with the Account settlement of securities transactions. , maturity or income payments or funds transfers, Principal agrees to reimburse Custodian on demand the amount of the advance or overdraft and any all related fees and interest as established in Custodian's published fee schedule or as otherwise established by Custodianschedule. Principal will bear the risk from any currency valuation differences associated with Principal’s reimbursement obligations to Custodian. Custodian shall also have the right to utilize any cash in the Account in order to obtain reimbursement hereunder under this Section 9.1 and to setoff Custodian’s obligations with respect to any deposits or credit balances in the Account against any obligation of Principal hereunderunder this Section 9.1.
Appears in 1 contract
Samples: Global Custody Agreement (CC Real Estate Income Fund-T2)
Advance Funds. Custodian, in its sole discretion, may advance If Custodian advances funds to or for the benefit of Account in connection with the settlement of securities or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with the Account settlement of securities transactions. , maturity or income payments or funds transfers, Principal agrees to reimburse Custodian on demand the amount of the advance or overdraft and any all related fees and interest as established in Custodian's ’s published fee schedule or as otherwise established by Custodianschedule. Principal will bear the risk from any currency valuation differences associated with Principal’s reimbursement obligations to Custodian. Custodian shall also have the right to utilize any cash in the Account in order to obtain reimbursement hereunder and to setoff Custodian’s obligations with respect to any deposits or credit balances in the Account against any obligation of Principal hereunder.
Appears in 1 contract
Advance Funds. Custodian, in its sole discretion, Custodian may advance funds to or for the benefit of Account in connection with the settlement of securities or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with the Account settlement of securities transactions. , maturity or income payments or funds transfers, Principal agrees to reimburse Custodian on demand the amount of the advance or overdraft and any related fees and interest as established in Custodian's fee schedule or as otherwise established by Custodian. Principal will bear the risk from any currency valuation differences associated with Principal’s reimbursement obligations to Custodian. Custodian shall also have the right to utilize any cash in the Account in order to obtain reimbursement hereunder and to setoff Custodian’s obligations with respect to any deposits or credit balances in the Account against any obligation of Principal hereunder.
Appears in 1 contract
Advance Funds. Custodian, in its sole discretion, may advance funds to or for the benefit benef it of Account in connection with the settlement of securities or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with the Account transactions. Principal agrees to reimburse Custodian on demand the amount of the advance or overdraft and any related fees and interest as established in Custodian's fee schedule or as otherwise established by Custodian. Principal will bear the risk from any currency valuation differences associated with Principal’s reimbursement obligations to Custodian. Custodian shall also have the right to utilize any cash in the Account in order to obtain reimbursement hereunder and to setoff Custodian’s obligations with respect to any deposits or credit balances in the Account against any obligation of Principal hereunder.
Appears in 1 contract
Samples: Custody Agreement