Debits to the Cash Account. The Bank may make any debit to the Cash Account as provided in this Agreement even if this results in (or increases) a debit balance. The Bank is not obligated to make any debit to the Cash Account which might result in or increase a debit balance. If the total amount of debits to the Cash Account at any time would otherwise result in a debit balance or exceed the immediately available funds credited to the Cash Account, the Bank may decide which debits it will make (in whole or in part and in the order it selects).
Appears in 3 contracts
Samples: Global Custodial Services Agreement (Forum Funds Ii), Custodial Services Agreement (Asset Management Fund), Custodial Services Agreement (Asset Management Fund)
Debits to the Cash Account. The Bank Custodian may make any debit to the Cash Account as provided in this Agreement even if this results in (or increases) a debit balance. The Bank Custodian is not obligated to make any debit to the Cash Account which might result in or increase a debit balance. If the total amount of debits to the Cash Account at any time would otherwise result in a debit balance or exceed the immediately available funds credited to the Cash Account, the Bank Custodian may decide which debits it will make (in whole or in part and in the order it selects).
Appears in 2 contracts
Samples: Custodial Services Agreement (DMS Funds), Custodial Services Agreement (Swiss Helvetia Fund, Inc.)
