Appointment of StoneCastle as your Agent. By opening a FICA Account, you are appointing StoneCastle as your Manager and authorized agent to direct the FICA Custodian pursuant to these Terms and Conditions, which StoneCastle may modify by notice to you. See Section 22 “Changes to Terms and Conditions.” StoneCastle will select the Insured Depositories into which the funds in your FICA Account will be deposited. StoneCastle will act as your agent in directing the FICA Custodian to deposit funds from your FICA Account into the Depository Account(s) at the Insured Depositories. If you make a withdrawal request, StoneCastle will act as your agent in directing the FICA Custodian to withdraw funds from the Depository Accounts and crediting such funds to your FICA Account. The FICA Custodian will transfer funds from your FICA Account to you as you direct pursuant to instructions satisfactory to the FICA Custodian. StoneCastle will also act as your agent to forward to the FICA Custodian the information needed to maintain your account with the FICA Custodian.
Appointment of StoneCastle as your Agent. By opening a FICA Account, you are appointing StoneCastle as your Manager and authorized agent to direct the FICA Custodian pursuant to these Terms and Conditions, which StoneCastle may modify by notice to you in accordance with Section 22 “Changes to Terms and Conditions.” In its capacity as your Manager and authorized agent, StoneCastle will be authorized to: (i) keep records as to the amount of your money on deposit in each Insured Depository; (ii) take such action and sign all documentation which may be required for collection of any portion of the principal or interest on your FICA Account including any instrument required to affect any disposition of deposits; (iii) provide periodic electronic statements of account activity, account balances, tax reporting information, if applicable, and any other legally required information to receive payments for deposits and dispose of such payments as instructed; and (iv) provide the foregoing services to you without charging any additional fees to you apart from a management fee (“FICA Fee”) that will be deducted from your FICA Account. The FICA Custodian has no responsibility or liability with respect to the actions or omissions of StoneCastle; it has no duty to oversee, monitor or supervise StoneCastle, and has no duty to investigate, confirm, verify or otherwise inquire into any instruction it receives from StoneCastle (or concerning the authority or accuracy thereof) with respect to your funds or your FICA Account. The FICA Custodian will not be privy to instructions you may send to StoneCastle from time to time.
Appointment of StoneCastle as your Agent. By opening an AMMA Account, you are appointing StoneCastle as your Manager and authorized agent to direct the AMMA Custodian pursuant to these AMMA Program Terms and Conditions, which StoneCastle may modify by notice to you. See Section 21 “Changes to AMMA Program Terms and Conditions”. StoneCastle will select the Insured Depositories into which the funds in your AMMA Account will be deposited. StoneCastle will act as your agent in directing the AMMA Custodian to deposit funds from your AMMA Account into the Depository Account(s) at the Insured Depositories. If you make a withdrawal request, StoneCastle will act as your agent in directing the AMMA Custodian to withdraw funds from the Depository Accounts and crediting such funds to your AMMA Account. The AMMA Custodian will transfer funds from your AMMA Account to you as you direct pursuant to instructions satisfactory to the AMMA Custodian. StoneCastle will also act as your agent to forward to the AMMA Custodian the information needed to maintain your account with the AMMA Custodian.
