Common use of Fiduciary Placements Clause in Contracts

Fiduciary Placements. 8.1 You authorise us to act as your agent to place deposits (each, a “Fiduciary Placement”) with such banks or other financial institutions in any jurisdiction, including any of our Affiliates (each, a “Third Party Institution”). Each such Fiduciary Placement shall be placed in our name but for and on your behalf and at your sole risk and expense. 8.2 We may, in our absolute discretion, determine the Third Party Institution with which a Fiduciary Placement is placed. 8.3 Any Instruction for the placement and/or renewal of a Fiduciary Placement must be received by us no later than five (5) Business Days prior to the date of such placement and/or renewal. Such Instruction shall stipulate the tenor, currency and the amount of such Fiduciary Placement. Notwithstanding the foregoing, if we do not receive any Instruction from you for the renewal of any Fiduciary Placement, we are authorised (but not obliged) to renew such Fiduciary Placement on such terms and conditions and for such tenor as we shall deem appropriate. 8.4 You acknowledge that a Fiduciary Placement may not be terminated prior to its maturity. 8.5 Unless otherwise instructed by you, we shall credit all sums received by us on your behalf from the Third Party Institution in respect of any Fiduciary Placement, less any applicable tax, fee, charge or expense incurred by us, to any Bank Account or make payment of such sums by any means that we consider appropriate. Save as aforesaid, we shall not be liable to repay to you any Fiduciary Placement or any amount otherwise accruing thereto. 8.6 For the avoidance of doubt, we shall not be regarded as a trustee of any Fiduciary Placement. In the event that any Third Party Institution does not, for any reason whatsoever, fulfil its obligations in respect of any Fiduciary Placement, our sole obligation is to assign all rights and claims which we hold on your behalf against such Third Party Institution to you. Without prejudice to any provision in this Agreement, we shall not be liable in any way for any Losses suffered or incurred by you in connection with any Fiduciary Placement. 8.7 You acknowledge that each Fiduciary Placement and/or the repayment thereof is subject to Applicable Laws, as well as the rules and the terms and conditions of the Third Party Institution with which such Fiduciary Placement is placed (which rules and terms and conditions may be amended from time to time in the absolute discretion of such Third Party Institution) and you agree to comply with all such Applicable Laws, rules and terms and conditions.

Fiduciary Placements. 8.1 You authorise us to act as your agent to place deposits (each, a “Fiduciary Placement”) with such banks or other financial institutions in any jurisdiction, including any of our Affiliates (each, a “Third Party Institution”). Each such Fiduciary Placement shall be placed in our name but for and on your behalf and at your sole risk and expense. 8.2 We may, in our absolute discretion, determine the Third Party Institution with which a Fiduciary Placement is placed. 8.3 Any Instruction for the placement and/or renewal of a Fiduciary Placement must be received by us no later than five (5) Business Days prior to the date of such placement and/or renewal. Such Instruction shall stipulate the tenor, currency and the amount of such Fiduciary Placement. Notwithstanding the foregoing, if we do not receive any Instruction from you for the renewal of any Fiduciary Placement, we are authorised (but not obliged) to renew such Fiduciary Placement on such terms and conditions and for such tenor as we shall deem appropriate. 8.4 You acknowledge that a Fiduciary Placement may not be terminated prior to its maturity. 8.5 Unless otherwise instructed by you, we shall credit all sums received by us on your behalf from the Third Party Institution in respect of any Fiduciary Placement, less any applicable tax, fee, charge or expense incurred by us, to any Bank Account or make payment of such sums by any means that we consider appropriate. Save as aforesaid, we shall not be liable to repay to you any Fiduciary Placement or any amount otherwise accruing thereto. 8.6 For the avoidance of doubt, we shall not be regarded as a trustee of any Fiduciary Placement. In the event that any Third Party Institution does not, for any reason whatsoever, fulfil its obligations in respect of any Fiduciary Placement, our sole obligation is to assign all rights and claims which we hold on your behalf against such Third Party Institution to you. Without prejudice to any provision in this Agreement, we shall not be liable in any way for any Losses suffered or incurred by you in connection with any Fiduciary Placement. 8.7 You acknowledge that each Fiduciary Placement and/or the repayment thereof is subject to Applicable Laws, as well as the rules and the terms and conditions of the Third Party Institution with which such Fiduciary Placement is placed (which rules and terms and conditions may be amended from time to time in the absolute discretion of such Third Party Institution) and you agree to comply with all such Applicable Laws, rules and terms and conditions.. DBS Bank Ltd 55 Co. Reg. No. 196800306E This page has been intentionally left blank

Fiduciary Placements. 8.1 You authorise us to act as your agent to place deposits (each, a “Fiduciary Placement”) with such banks or other financial institutions in any jurisdiction, including any of our Affiliates (each, a “Third Party InstitutionInstitution ”). Each such Fiduciary Placement shall be placed in our name but for and on your behalf and at your sole risk and expense. 8.2 We may, in our absolute discretion, determine the Third Party Institution with which a Fiduciary Placement is placed. 8.3 Any Instruction for the placement and/or renewal of a Fiduciary Placement must be received by us no later than five (5) Business Days prior to the date of such placement and/or renewal. Such Instruction shall stipulate the tenor, currency and the amount of such Fiduciary Placement. Notwithstanding the foregoing, if we do not receive any Instruction from you for the renewal of any Fiduciary Placement, we are authorised (but not obliged) to renew such Fiduciary Placement on such terms and conditions and for such tenor as we shall deem appropriate. 8.4 You acknowledge that a Fiduciary Placement may not be terminated prior to its maturity. 8.5 Unless otherwise instructed by you, we shall credit all sums received by us on your behalf from the Third Party Institution in respect of any Fiduciary Placement, less any applicable tax, fee, charge or expense incurred by us, to any Bank Account or make payment of such sums by any means that we consider appropriate. Save as aforesaid, we shall not be liable to repay to you any Fiduciary Placement or any amount otherwise accruing thereto. 8.6 For the avoidance of doubt, we shall not be regarded as a trustee of any Fiduciary Placement. In the event that any Third Party Institution does not, for any reason whatsoever, fulfil its obligations in respect of any Fiduciary Placement, our sole obligation is to assign all rights and claims which we hold on your behalf against such Third Party Institution to you. Without prejudice to any provision in this Agreement, we shall not be liable in any way for any Losses suffered or incurred by you in connection with any Fiduciary Placement. 8.7 You acknowledge that each Fiduciary Placement and/or the repayment thereof is subject to Applicable Laws, as well as the rules and the terms and conditions of the Third Party Institution with which such Fiduciary Placement is placed (which rules and terms and conditions may be amended from time to time in the absolute discretion of such Third Party Institution) and you agree to comply with all such Applicable Laws, rules and terms and conditions.. DBS Bank Ltd., Singapore 60 Co. Reg. No. 196800306E

Fiduciary Placements. 8.1 You authorise us to act as your agent to place deposits (each, a “Fiduciary Placement”) with such banks or other financial institutions in any jurisdiction, including any of our Affiliates (each, a “Third Party Institution”). Each such Fiduciary Placement shall be placed in our name but for and on your behalf and at your sole risk and expense. 8.2 We may, in our absolute discretion, determine the Third Party Institution with which a Fiduciary Placement is placed. 8.3 Any Instruction for the placement and/or renewal of a Fiduciary Placement must be received by us no later than five (5) Business Days prior to the date of such placement and/or renewal. Such Instruction shall stipulate the tenor, currency and the amount of such Fiduciary Placement. Notwithstanding the foregoing, if we do not receive any Instruction from you for the renewal of any Fiduciary Placement, we are authorised (but not obliged) to renew such Fiduciary Placement on such terms and conditions and for such tenor as we shall deem appropriate. 8.4 You acknowledge that a Fiduciary Placement may not be terminated prior to its maturity. 8.5 Unless otherwise instructed by you, we shall credit all sums received by us on your behalf from the Third Party Institution in respect of any Fiduciary Placement, less any applicable tax, fee, charge or expense incurred by us, to any Bank Account or make payment of such sums by any means that we consider appropriate. Save as aforesaid, we shall not be liable to repay to you any Fiduciary Placement or any amount otherwise accruing thereto. 8.6 For the avoidance of doubt, we shall not be regarded as a trustee of any Fiduciary Placement. In the event that any Third Party Institution does not, for any reason whatsoever, fulfil its obligations in respect of any Fiduciary Placement, our sole obligation is to assign all rights and claims which we hold on your behalf against such Third Party Institution to you. Without prejudice to any provision in this Agreement, we shall not be liable in any way for any Losses suffered or incurred by you in connection with any Fiduciary Placement. 8.7 You acknowledge that each Fiduciary Placement and/or the repayment thereof is subject to Applicable Laws, as well as the rules and the terms and conditions of the Third Party Institution with which such Fiduciary Placement is placed (which rules and terms and conditions may be amended from time to time in the absolute discretion of such Third Party Institution) and you agree to comply with all such Applicable Laws, rules and terms and conditions.. This page has been intentionally left blank

Fiduciary Placements. 8.1 You authorise us to act as your agent to place deposits (each, a “Fiduciary Placement”) with such banks or other financial institutions in any jurisdiction, including any of our Affiliates (each, a “Third Party Institution”). Each such Fiduciary Placement shall be placed in our name but for and on your behalf and at your sole risk and expense. 8.2 We may, in our absolute discretion, determine the Third Party Institution with which a Fiduciary Placement is placed. 8.3 Any Instruction for the placement and/or renewal of a Fiduciary Placement must be received by us no later than five (5) Business Days prior to the date of such placement and/or renewal. Such Instruction shall stipulate the tenor, currency and the amount of such Fiduciary Placement. Notwithstanding the foregoing, if we do not receive any Instruction from you for the renewal of any Fiduciary Placement, we are authorised (but not obliged) to renew such Fiduciary Placement on such terms and conditions and for such tenor as we shall deem appropriate. 8.4 You acknowledge that a Fiduciary Placement may not be terminated prior to its maturity. 8.5 Unless otherwise instructed by you, we shall credit all sums received by us on your behalf from the Third Party Institution in respect of any Fiduciary Placement, less any applicable tax, fee, charge or expense incurred by us, to any Bank Account or make payment of such sums by any means that we consider appropriate. Save as aforesaid, we shall not be liable to repay to you any Fiduciary Placement or any amount otherwise accruing thereto. 8.6 For the avoidance of doubt, we shall not be regarded as a trustee of any Fiduciary Placement. In the event that any Third Party Institution does not, for any reason whatsoever, fulfil its obligations in respect of any Fiduciary Placement, our sole obligation is to assign all rights and claims which we hold on your behalf against such Third Party Institution to you. Without prejudice to any provision in this Agreement, we shall not be liable in any way for any Losses suffered or incurred by you in connection with any Fiduciary Placement. 8.7 You acknowledge that each Fiduciary Placement and/or the repayment thereof is subject to Applicable Laws, as well as the rules and the terms and conditions of the Third Party Institution with which such Fiduciary Placement is placed (which rules and terms and conditions may be amended from time to time in the absolute discretion of such Third Party Institution) and you agree to comply with all such Applicable Laws, rules and terms and conditions.. DBS Bank Ltd., Singapore 62 Co. Reg. No. 196800306E

Fiduciary Placements. 8.1 You authorise us to act as your agent to place deposits (each, a “Fiduciary Placement”) with such banks or other financial institutions in any jurisdiction, including any of our Affiliates (each, a “Third Party Institution”). Each such Fiduciary Placement shall be placed in our name but for and on your behalf and at your sole risk and expense. 8.2 We may, in our absolute discretion, determine the Third Party Institution with which a Fiduciary Placement is placed. 8.3 Any Instruction for the placement and/or renewal of a Fiduciary Placement must be received by us no later than five (5) Business Days prior to the date of such placement and/or renewal. Such Instruction shall stipulate the tenor, currency and the amount of such Fiduciary Placement. Notwithstanding the foregoing, if we do not receive any Instruction from you for the renewal of any Fiduciary Placement, we are authorised (but not obliged) to renew such Fiduciary Placement on such terms and conditions and for such tenor as we shall deem appropriate. 8.4 You acknowledge that a Fiduciary Placement may not be terminated prior to its maturity. 8.5 Unless otherwise instructed by you, we shall credit all sums received by us on your behalf from the Third Party Institution in respect of any Fiduciary Placement, less any applicable tax, fee, charge or expense incurred by us, to any Bank Account or make payment of such sums by any means that we consider appropriate. Save as aforesaid, we shall not be liable to repay to you any Fiduciary Placement or any amount otherwise accruing thereto. 8.6 For the avoidance of doubt, we shall not be regarded as a trustee of any Fiduciary Placement. In the event that any Third Party Institution does not, for any reason whatsoever, fulfil its obligations in respect of any Fiduciary Placement, our sole obligation is to assign all rights and claims which we hold on your behalf against such Third Party Institution to you. Without prejudice to any provision in this Agreement, we shall not be liable in any way for any Losses suffered or incurred by you in connection with any Fiduciary Placement. 8.7 You acknowledge that each Fiduciary Placement and/or the repayment thereof is subject to Applicable Laws, as well as the rules and the terms and conditions of the Third Party Institution with which such Fiduciary Placement is placed (which rules and terms and conditions may be amended from time to time in the absolute discretion of such Third Party Institution) and you agree to comply with all such Applicable Laws, rules and terms and conditions.. This page has been intentionally left bank

Fiduciary Placements. 8.1 You authorise us to act as your agent to place deposits (each, a “Fiduciary Placement”) with such banks or other financial financial institutions in any jurisdiction, including any of our Affiliates Affiliates (each, a “Third Party Institution”). Each such Fiduciary Placement shall be placed in our name but for and on your behalf and at your sole risk and expense. 8.2 We may, in our absolute discretion, determine the Third Party Institution with which a Fiduciary Placement is placed. 8.3 Any Instruction for the placement and/or renewal of a Fiduciary Placement must be received by us no later than five five (5) Business Days prior to the date of such placement and/or renewal. Such Instruction shall stipulate the tenor, currency and the amount of such Fiduciary Placement. Notwithstanding the foregoing, if we do not receive any Instruction from you for the renewal of any Fiduciary Placement, we are authorised (but not obliged) to renew such Fiduciary Placement on such terms and conditions and for such tenor as we shall deem appropriate. 8.4 You acknowledge that a Fiduciary Placement may not be terminated prior to its maturity. 8.5 Unless otherwise instructed by you, we shall credit all sums received by us on your behalf from the Third Party Institution in respect of any Fiduciary Placement, less any applicable tax, fee, charge or expense incurred by us, to any Bank Account or make payment of such sums by any means that we consider appropriate. Save as aforesaid, we shall not be liable to repay to you any Fiduciary Placement or any amount otherwise accruing thereto. 8.6 For the avoidance of doubt, we shall not be regarded as a trustee of any Fiduciary Placement. In the event that any Third Party Institution does not, for any reason whatsoever, fulfil fulfil its obligations in respect of any Fiduciary Placement, our sole obligation is to assign all rights and claims which we hold on your behalf against such Third Party Institution to you. Without prejudice to any provision in this Agreement, we shall not be liable in any way for any Losses suffered or incurred by you in connection with any Fiduciary Placement. 8.7 You acknowledge that each Fiduciary Placement and/or the repayment thereof is subject to Applicable Laws, as well as the rules and the terms and conditions of the Third Party Institution with which such Fiduciary Placement is placed (which rules and terms and conditions may be amended from time to time in the absolute discretion of such Third Party Institution) and you agree to comply with all such Applicable Laws, rules and terms and conditions.. This page has been intentionally left bank