Bank Accounts, and Management of Cash. (a) Proceeds and other cash received by the Custodian from time to time shall be deposited or credited to the Cash Account. All amounts deposited or credited to the Cash Account shall be subject to clearance and receipt of final payment by the Custodian.
Bank Accounts, and Management of Cash. (a) With prior written notice to the Fund, the Custodian shall open and maintain the Initial Funding Bank Account and one or more separate Bank Accounts in the name of the Custodian for the benefit of the Fund or a Subsidiary, to hold funds credited to the Custodial Account. The Custodian shall provide to the Fund or Subsidiary wire instructions for the transmittal of funds to the Initial Funding Bank Account. Monies credited to the Custodial Account shall be deposited in the Initial Funding Bank Account until either invested pursuant to Section 3.6(c) or transferred at the direction of the Fund to the other Bank Accounts to be used to purchase Assets. Such Bank Accounts shall be subject to draft or order only by the Custodian and shall contain only assets held by the Custodian as custodian for the Fund and its Subsidiaries, and the Custodian’s records shall indicate at all times that such cash is held for the Fund and its Subsidiaries. Any bank at which the Custodian opens and maintains such accounts shall be qualified to act as a custodian under the 1940 Act, and establishment of any such account shall constitute appointment of the bank as a Sub-custodian pursuant to Section 2.4.
Bank Accounts, and Management of Cash. (a) With prior written notice to a Fund, the Custodian shall open and maintain separate Initial Funding Bank Accounts and one or more separate Bank Accounts in the name of the Custodian for the benefit of a particular Fund or Subsidiary, to hold funds credited to the particular Custodial Account on behalf of a Fund. All funds shall be deposited by the Custodian in its capacity as a custodian and shall be withdrawable by the Custodian only in that capacity. The Custodian shall provide to a Fund or Subsidiary wire instructions for the transmittal of funds to an Initial Funding Bank Account. Monies credited to a Custodial Account shall be deposited in an Initial Funding Bank Account until either invested pursuant to Section 3.6(c) hereof or transferred at the direction of a Fund to the other Bank Accounts of that particular Fund to be used to purchase Assets. Such Bank Accounts shall be subject to draft or order only by the Custodian and shall contain only assets held by the Custodian as custodian for a particular Fund and its Subsidiaries, and the Custodian’s records shall indicate at all times that such cash is held for a particular Fund and its Subsidiaries. Any bank at which the Custodian opens and maintains such accounts shall be qualified to act as a custodian under the 1940 Act, and establishment of any such account shall constitute appointment of the bank as a Sub-custodian pursuant to Section 2.4 of this Agreement.
Bank Accounts, and Management of Cash. (a) As of the date of this Agreement, the Company shall make the initial deposit of funds into the Cash Account and such deposit shall consist of all of the Company’s cash and cash equivalents.
Bank Accounts, and Management of Cash. (a) Cash Proceeds from the Custodial Assets received by the Custodian from time to time in respect of amounts which constitute interest payments or other payments in respect of income on the Custodial Assets shall be credited to the Interest Cash Account. Cash Proceeds from the Custodial Assets received by the Custodian from time to time in respect of amounts which constitute principal payments on the Custodial Assets shall be credited to the Principal Cash Account. The Custodian shall be entitled to request and receive Proper Instructions in respect of any determination regarding whether any Proceeds received by the Custodian should be deposited into the Interest Cash Account or Principal Cash Account.
Bank Accounts, and Management of Cash. (a) With prior written notice to the Fund, the Custodian shall open and maintain the Initial Funding Bank Account and one or more separate Bank Accounts in the name of the Custodian for the benefit of the Fund or a Subsidiary, to hold funds credited to the
Bank Accounts, and Management of Cash. (a) With prior written notice to the Fund, the Custodian shall open and maintain the Initial Funding Bank Account and one or more separate Bank Accounts in the name of the Custodian for the benefit of the Fund or a Subsidiary, to hold funds credited to the Custodial Account. The Custodian shall provide to the Fund or Subsidiary wire instructions for the transmittal of funds to the Initial Funding Bank Account. Monies credited to the Custodial Account shall be deposited in the Initial Funding Bank Account until either invested pursuant to Section 3.6(c) or transferred at the direction of the Fund to the other Bank Accounts to be used to purchase Assets. Such Bank Accounts shall be subject to draft or order only by the Custodian and shall contain only assets held by the Custodian as custodian for the Fund and its Subsidiaries, and the Custodian’s records shall indicate at all times that such cash is held for the Fund and its Subsidiaries. Any bank at which the Custodian opens and maintains such accounts shall be qualified to act as a custodian under the 1940 Act, and establishment of any such account shall constitute appointment of the bank as a Sub-custodian pursuant to Section 2.4. (b) All Proceeds and other monies, if any, received by the Custodian via the Bank Accounts from time to time shall be credited to the Custodial Account. (c) Upon direction of the Fund, amounts deposited in the Initial Funding Bank Account shall be automatically invested in the Initial Funding Bank Account’s Cash Sweep Program, until the Custodian receives written Proper Instructions from an Authorized Person (which may be standing instructions) with respect to the disposition of such amounts. Such investments shall be subject to availability and the Initial Funding Bank Account’s
Bank Accounts, and Management of Cash. (a) Proceeds and other cash received by the Custodian from time to time shall be deposited into or credited to the respective Custodial Account as designated by the Company. All amounts deposited into or credited to the designated Custodial Account shall be subject to clearance and receipt of final payment by the Custodian.
Bank Accounts, and Management of Cash. (a) With prior written notice to the Fund, the Custodian shall open and maintain a separate Bank Account or accounts in the name of the Custodian for the benefit of the Fund, to hold funds credited to the Custodial Account, to which monies credited to the Custodial Account shall be deposited until invested pursuant to Section 3.6(c), and for which the Custodian shall provide to the Fund wire instructions for the transmittal of funds. Any bank at which the Custodian opens and maintains the Bank Account shall be qualified to act as a custodian under the 1940 Act, and establishment of any such Bank Account shall constitute appointment of the bank as a sub-custodian pursuant to Section 2.4.
Bank Accounts, and Management of Cash. (a) Any cash received by the Account Bank shall be credited to the Cash Account.
