Common use of Deposit of Cash Clause in Contracts

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. Xxxxxx, payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian will only be opened following written notice to the Customer. (b) Any amounts credited by J.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. Xxxxxx does not receive final payment in a timely manner. J.X. Xxxxxx will notify the Customer promptly of any such reversal.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. Xxxxxx, payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash cxxx held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customermade available on J.X. Xxxxxx’x website. (b) Any amounts credited by J.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. Xxxxxx does not receive final payment in a timely manner. J.X. Xxxxxx will notify the Customer promptly of any such reversal. (c) J.X. Xxxxxx will make amounts deposited into a Cash Account held in the United States available in accordance with its availability policy, the current version of which is attached hereto as Annex B.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. X.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. X.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. X.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. X.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. X.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. X.X. Xxxxxx; oror Global Custody Agreement - New York - January 2022 (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. X.X. Xxxxxx, payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash xxxx held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customermade available on X.X. Xxxxxx’x website. (b) Any amounts credited by J.X. X.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. X.X. Xxxxxx does not receive final payment in a timely manner. J.X. X.X. Xxxxxx will notify the Customer promptly of any such reversal. (c) X.X. Xxxxxx will make amounts deposited into a Cash Account held in the United States available in accordance with its availability policy, the current version of which is attached hereto as Annex B.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. X.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. X.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. X.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. X.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. X.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. X.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. X.X. Xxxxxx, Global Custody Agreement – New York – January 2021 payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customermade available on X.X. Xxxxxx’x website. (b) Any amounts credited by J.X. X.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. X.X. Xxxxxx does not receive final payment in a timely manner. J.X. X.X. Xxxxxx will notify the Customer promptly of any such reversal.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. X.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. X.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. X.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. X.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. X.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. X.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. X.X. Xxxxxx, Global Custody Agreement - New York - January 2021 payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customermade available on X.X. Xxxxxx’x website. (b) Any amounts credited by J.X. X.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. X.X. Xxxxxx does not receive final payment in a timely manner. J.X. X.X. Xxxxxx will notify the Customer promptly of any such reversal.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. Xxxxxx; oror Global Custody Agreement – New York – January 2021 5 (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. Xxxxxx, payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash cxxx held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customermade available on J.X. Xxxxxx’x website. (b) Any amounts credited by J.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. Xxxxxx does not receive final payment in a timely manner. J.X. Xxxxxx will notify the Customer promptly of any such reversal.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. X.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. X.X. Xxxxxx in New York or at one of its non-non- U.S. branch offices and will constitute a debt owing to the Customer by J.X. X.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. X.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. X.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. X.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. X.X. Xxxxxx, payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash xxxx held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customermade available on X.X. Xxxxxx’x website. (b) Any amounts credited by J.X. X.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. X.X. Xxxxxx does not receive final payment in a timely manner. J.X. X.X. Xxxxxx will notify the Customer promptly of any such reversal.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. X.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. X.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. X.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. X.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. X.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. X.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. X.X. Xxxxxx, payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash xxxx held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customermade available on X.X. Xxxxxx’x website. (b) Any amounts credited by J.X. X.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. X.X. Xxxxxx does not receive final payment in a timely manner. J.X. X.X. Xxxxxx will notify the Customer promptly of any such reversal. (c) X.X. Xxxxxx will make amounts deposited into a Cash Account held in the United States available in accordance with its availability policy, the current version of which is attached hereto as Annex B.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. X.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. X.X. Xxxxxx in New York or at one of its non-non- U.S. branch offices and will constitute a debt owing to the Customer by J.X. X.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. X.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. X.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. X.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. X.X. Xxxxxx, Global Custody Agreement - New York - January 2021 payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customermade available on X.X. Xxxxxx’x website. (b) Any amounts credited by J.X. X.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. X.X. Xxxxxx does not receive final payment in a timely manner. J.X. X.X. Xxxxxx will notify the Customer promptly of any such reversal.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. Xxxxxx, payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash cxxx held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customer.made available on J.X. Xxxxxx’x website. Global Custody Agreement – New York – January 2022 (b) Any amounts credited by J.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. Xxxxxx does not receive final payment in a timely manner. J.X. Xxxxxx will notify the Customer promptly of any such reversal. (c) J.X. Xxxxxx will make amounts deposited into a Cash Account held in the United States available in accordance with its availability policy, the current version of which is attached hereto as Annex B.

Deposit of Cash. (a) Any cash in any currency received by or on behalf of J.X. Xxxxxx for the account of the Customer will be either: (i) deposited in one or more Cash Accounts at J.X. Xxxxxx in New York or at one of its non-U.S. branch offices and will constitute a debt owing to the Customer by J.X. Xxxxxx as banker, provided that (A) any cash so deposited with a non-U.S. branch office will be payable exclusively by that branch office in the applicable currency, subject to compliance with Applicable Law, including, without limitation, any applicable currency restrictions and (B) while J.X. Xxxxxx is not required to pay or charge interest on any such Cash Account, J.X. Xxxxxx may, from time to time, in its discretion, pay interest on any such Cash Account (or charge interest if, at the time, the prevailing interest rate in the relevant market for similar deposits in the same currency is negative) at a rate to be determined by J.X. Xxxxxx; or (ii) deposited in an account maintained in the name of the Customer at the Subcustodian in the relevant market, in which case the deposit will constitute a debt owing to the Customer by that Subcustodian as the Customer’s banker and not by J.X. Xxxxxx, payable exclusively in the applicable currency at that Subcustodian; for the avoidance of doubt, cash cxxx held in that account will not be part of the Cash Account(s). Any such account at a Subcustodian A list of markets for which this Section 2.2(a)(ii) applies will only be opened following written notice to the Customer.made available on J.X. Xxxxxx’x website. Global Custody Agreement - New York - January 2022 5 (b) Any amounts credited by J.X. Xxxxxx to the Cash Account on the basis of a notice or a provisional credit from a third party, may be reversed if J.X. Xxxxxx does not receive final payment in a timely manner. J.X. Xxxxxx will notify the Customer promptly of any such reversal. (c) J.X. Xxxxxx will make amounts deposited into a Cash Account held in the United States available in accordance with its availability policy, the current version of which is attached hereto as Annex B.