Cash Account Procedures. (A) Credits and Debits to the Cash Account. The Custodian is not obliged to make a credit or debit to the Cash Account before receipt by the Custodian of a corresponding and final payment in cleared funds. If the Custodian makes a credit or debit before such receipt, the Custodian may at any time reverse all or part of the credit or debit (including any interest thereon), make an appropriate entry to the Cash Account, and if it reasonably so decides, require repayment of any amount corresponding to any debit.
Appears in 4 contracts
Samples: Custodial Services Agreement, Custodial Services Agreement (Ofi Tremont Core Diversified Hedge Fund), Custodial Services Agreement (Oppenheimer Tremont Market Neutral Fund LLC)
