Custodial Terms Sample Clauses

Custodial Terms. 8 Section 2.1 Appointment of the Custodian 8
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Custodial Terms. (a) By accepting the terms of this Agreement, you authorize us to act as custodian on your behalf and hold your funds in a custodial capacity to facilitate deposits to, and withdrawals from, Deposit Accounts. We provide no advice to you about any CD or MMDA, or its terms, or about any Cash Account. We will act at your direction with respect to your deposits and withdrawals of your funds in any Deposit Account, subject to any requirements or restrictions imposed by the Product Bank. You understand and agree that we will not have any responsibility or liability for any such deposit until we actually receive funds in the Deposit Account, or for any withdrawal after the funds have been transferred out of the Deposit Account.
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Custodial Terms 
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Related to Custodial Terms

  • Special Terms Terms defined in this Schedule 1 shall have the same meanings when used throughout this Agreement. In the event of any conflict between the terms set out in the various Schedules, the Schedules shall prevail in the order in which they appear in the Agreement. For the purposes of the provision of the Services and any Goods, the terms of this Agreement shall prevail over any other terms and conditions issued by the British Council (whether on a purchase order or otherwise).

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