Common use of Cash Deposits Clause in Contracts

Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust shall be liable as principal for any overdrafts occurring in any cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 34 contracts

Samples: Custody Agreement (Two Roads Shared Trust), Custody Agreement (Avondale Funds), Custody Agreement (TCG Financial Series Trust IX)

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Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust shall be liable as principal for any overdrafts occurring in any cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's ’s or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 3 contracts

Samples: Custody Agreement (Capitol Series Trust), Custody Agreement (Capitol Series Trust), Custody Agreement (Endurance Series Trust)

Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust a Fund maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust each Fund shall be liable as principal for any overdrafts occurring in any of its cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's or any Fund’s 's behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 3 contracts

Samples: Custody Agreement (Unified Series Trust), Custody Agreement (Northern Lights Fund Trust Ii), Custody Agreement (Northern Lights Fund Trust Iii)

Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust a Fund maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust each Fund shall be liable as principal for any overdrafts occurring in any of its cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 1 contract

Samples: Custody Agreement (Grand Prix Investors Trust)

Cash Deposits. During the term of this Agreement, Trust Fund will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any the Fund. Subject to the terms and conditions set forth in this Section 7, the Trust Fund hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust Fund maintains Investments or in such other currencies as Trust Fund shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust Fund shall be liable as principal for any overdrafts occurring in any cash accounts. Custodian shall be entitled to reverse any deposits made on TrustFund's or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 1 contract

Samples: Form Of:  custody Agreement (Z Seven Fund Inc)

Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust a Fund maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust each Fund shall be liable as principal for any overdrafts occurring in any of its cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's ’s or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 1 contract

Samples: Custody Agreement (Unified Series Trust)

Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered bedelivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms theterms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintainandmaintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies othercurrencies as are the currencies of the countries in which Trust maintains Investments or in such other currencies othercurrencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement thisAgreement to contrary effect, the Trust shall be liable as principal for any overdrafts occurring in any cash accountscashaccounts. Custodian shall be entitled to reverse any deposits made on Trust's ’s or any Fund’s behalf where such wheresuch deposits have been entered and moneys are not finally collected within 20 days of the making of such entrysuchentry.

Appears in 1 contract

Samples: Custody Agreement (PSG Capital Management Trust)

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Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars (“Dollars”), in such other currencies as are the currencies of the countries in which Trust maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust shall be liable as principal for any overdrafts occurring in any cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's ’s or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 1 contract

Samples: Custody Agreement (Cross Shore Discovery Fund)

Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, . the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust shall be liable as principal for any overdrafts occurring in any cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's ’s or any Fund’s behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 1 contract

Samples: Custody Agreement (American Pension Investors Trust)

Cash Deposits. During the term of this Agreement, Trust will deliver or cause to be delivered to Custodian all moneys to be held by the Custodian for the account of any Fund. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Sub-custodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which Trust maintains Investments or in such other currencies as Trust shall from time to time request by Written Instruction. Notwithstanding anything in this Agreement to contrary effect, the Trust shall be liable as principal for any overdrafts occurring in any cash accounts. Custodian shall be entitled to reverse any deposits made on Trust's or any Fund’s 's behalf where such deposits have been entered and moneys are not finally collected within 20 days of the making of such entry.

Appears in 1 contract

Samples: Custody Agreement (Infinity Capital Group, Inc.)

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