Cash Accounts. The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.
Cash Accounts. No Guarantor shall grant control of any deposit account to any Person other than the Collateral Agent and the bank with which the deposit account is maintained.
Cash Accounts. All cash received or held by the Bank or any Authorized Entity as interest, dividends, proceeds from transfer or other payments for or with respect to Securities, or otherwise, shall be held in the Custody Account or, as specified in Proper Instructions, remitted to the Company.
Cash Accounts. (i) All cash received or held by the Custodian or by any entity authorized to hold Securities or Cash under this Agreement hereof as interest, dividends, proceeds from transfer, and other payments for or with respect to Securities or in consideration of the sale of Portfolio shares shall be (x) held in the Cash Account of each Portfolio and paid out in accordance with properly authorized Instructions of the Client, on behalf of a Portfolio, received by the Custodian or (y) if specified in the Client’s Instructions, converted to or from U.S. dollars and held by the Custodian hereunder or remitted to the Client, on behalf of a Portfolio, subject to Section 5(F) of this Agreement. The Client, on behalf of a Portfolio, shall bear any foreign exchange risk in connection with such conversion.
(ii) The Client, on behalf of a Portfolio, agrees, with respect to the payment for all purchases of Securities for a Portfolio to be deposited in the Custody Account of such Portfolio, that funds of such Portfolio for settlement will be on deposit by the settlement date at the location of settlement, in good available funds and in the currency of settlement, subject to Section 5(F) of this Agreement. The Client, on behalf of a Portfolio, acknowledges that nothing in this Agreement shall obligate the Custodian to extend credit, grant financial accommodation or otherwise advance moneys to the Client, on behalf of a Portfolio, for the purpose of making any such payments or part thereof or otherwise carrying out any Instructions.
Cash Accounts. No Grantor shall grant control of any deposit account to any Person other than the Collateral Agent and the bank with which the deposit account is maintained.
Cash Accounts. Subject to what option is available to the Client (as visible on the WebTrader), Client can decide to hold money in one or more than one Cash Account with a bank. The bank has a cooperation agreement with DEGIRO to allow the Client to use the balance on the Cash Accounts for securities transactions (e.g. placing of Orders) with DEGIRO. The Cash Accounts will be used exclusively as a clearing account for securities transactions, custody and administration for the Client’s DEGIRO account. The Client hereby grants an irrevocable power of attorney to DEGIRO to debit the Cash Accounts for such purposes. This power of attorney extends to compensations as referred to in Article 11. The Client will select the bank from the list available on the WebTrader. The Special Conditions Cash Account will be provided to Client through the WebTrader. Upon their acceptance Client will enter into a direct contractual relationship with the relevant bank. In the event of contradiction between the Client Agreement and the Special Conditions Cash Account, the latter will take precedence. The Client acknowledges that its operation of the Cash Accounts will practically go via DEGIRO’s WebTrader, given that the Cash Accounts will be used exclusively as a clearing account for securities transactions, custody and administration for the Client’s DEGIRO account and furthermore the power of attorney that XXXXXX has in respect of debiting the Cash Accounts.
Cash Accounts at all times maintain its cash accounts as separate from those of any other entity or person and, while any assets are held directly by it (and not, for the avoidance of doubt, by the Margin Loan Provider), not commingle such assets with those of any other entity or person.
Cash Accounts. Client hereby authorized and instructs Custodian, as an agent of Client, to establish and deposit accounts with State Street to be used in connection with transactions relating to the Securities (the "Cash Accounts"). The Cash Accounts shall be custodial accounts under this Agreement, and shall be subject to all the terms, conditions and other provisions of this Agreement.
Cash Accounts. (i) All cash received or held by the Bank or by any entity authorized to hold Property in accordance with Section 7 hereof as interest, dividends, proceeds from transfer, and other payments for or with respect to the Securities shall be (x) held in a cash account in accordance with properly authorized Instructions received by the Bank or such entity, or (y) if specified in the Fund's Instructions, converted to or from U.S. dollars and remitted to the Fund. The Fund shall bear any foreign exchange risk in connection with any such conversion. In effecting any currency conversions hereunder, the Bank or such entity may use any methods or agencies as it may see fit including the Bank's or such entity's facilities at customary rates.
(ii) The Fund agrees, with respect to all payments for purchases of Securities to be deposited in the Custody Account, that funds for settlement will be on deposit by the settlement date at the location of settlement, in good available funds and in the currency of settlement. The Fund acknowledges that nothing in this Agreement shall obligate the Bank to extend credit, grant financial accommodation or otherwise advance moneys to the Fund for the purpose of making any payments for purchases or part thereof or otherwise carrying out any Instructions.
(iii) The Fund authorizes the Bank from time to time to cause the branch of the Bank located in London, England ("Citibank London") to establish a multicurrency cash account reflecting cash received by any Eligible Foreign Custodian (as hereinafter defined) on the Fund's behalf. Citibank London will maintain such cash account in accordance with the requirements of Section 7 hereof applicable to an entity authorized to hold Property hereunder.
