Establishment of Custody Account. The Employer named in the Adoption Agreement and The Xxxxxxx Xxxxxx Trust Company ("CSTC") enter into this Custody Agreement to establish a custody account ("Custody Account") to hold property under the following terms and conditions. This Custody Agreement is effective on the date it is accepted by CSTC. This Custody Agreement is an integral part of The Xxxxxxx Xxxxxx 401(k) Profit Sharing Plan, Basic Document 02 (the "Plan").
Establishment of Custody Account. The Custodian, as agent for the Holders, shall establish and maintain a separate account bearing a designation clearly indicating that the funds and assets deposited therein are held in custody for the Holders (the "Custody Account"). The Custody Account shall at all times be maintained as a segregated custodial account identified separate and apart from the general assets of the Custodian and all other accounts, funds and property of or in the possession of the Custodian, including any other custody account. The Treasury Strips and any moneys held in the Custody Account shall not at any time be commingled with any other assets or property held by the Custodian. Notwithstanding anything else in this Agreement, the Custodian shall not hold cash as a fiduciary. The Custodian shall at all times maintain accurate records reflecting each transaction in the Custody Account in connection with the Units and the related Treasury Strips evidenced thereby. The Custodian shall have no power or authority to assign, transfer, pledge, set off or otherwise dispose of any of the Treasury Strips, or any interest therein, except as provided hereunder or as required by law. The Custody Account shall be non-interest bearing and the amounts therein shall not be invested.
Establishment of Custody Account. 2 2. The Parties...............................................................2 3.
Establishment of Custody Account. The Custodian has established the Custody Account.
Establishment of Custody Account. 11.3.1 You authorise us to establish on our books a custody account or accounts (the “Custody Account”) for the receipt, safekeeping and maintenance of China Connect Securities.
