Charging the Account. Upon receipt of approval from Client, Bank is authorized to charge the Account for incidental expenses as well as for the funds necessary for Bank to complete any purchase or expense, to make any directed disbursement or to take any other action regarding the Account. Bank shall have no duty to make any purchases, exchanges, or disbursements or to incur any expenses, unless the funds necessary to cover the amount of expense are available in the Account. Client will pay back any fees or costs incurred directly if funds in the account are insufficient.
Appears in 4 contracts
Samples: Custody Agreement (Venture Lending & Leasing VI, Inc.), Custody Agreement (Venture Lending & Leasing Iv Inc), Custody Agreement (Venture Lending & Leasing V, Inc.)
