Fractions / Redemptions by Lot. In the event that, as a result of holding Financial Assets in an omnibus account, the Customer receives fractional interests in Financial Assets arising out of a corporate action or class action litigation, Bank will credit the Customer with the amount of cash the Customer would have received, as reasonably determined by Bank, had the Financial Assets not been held in an omnibus account, and the Customer shall relinquish to Bank its interest in such fractional interests. If some, but not all, of an outstanding class of Financial Asset is called for redemption, Bank may allot the amount redeemed among the respective beneficial holders of such class of Financial Asset in any manner Bank reasonably deems to be fair and equitable. Bank will promptly notify Customer of any action taken pursuant to this section.
Fractions / Redemptions by Lot. Bank may sell fractional interests in Financial Assets and credit the Cash Account with the proceeds of the sale. If some, but not all, of an outstanding class of Financial Asset is called for redemption, Bank may allot the amount redeemed among the respective beneficial holders of such class of Financial Asset in any manner Bank deems to be fair and equitable.
Fractions / Redemptions by Lot. Chase Texas may sell fractional interests in Financial Assets and credit the Cash Account with the proceeds of the sale. If some, but not all, of an outstanding class of Financial Asset is called for redemption, Chase Texas may allot the amount redeemed among the respective beneficial holders of such class of Financial Asset in any manner Chase Texas deems to be fair and equitable.
Fractions / Redemptions by Lot. Bankmaysellfractional interestsinFinancialAssetsandcredit theCash Accountwiththeproceedsofthesale.Ifsome, butnotall,ofan outstanding classof Financial Assetiscalledfor redemption, Bankmayallotthe amount redeemed amongthe respective beneficial holdersofsuchclassof Financial AssetinanymannerBankdeemstobefairandequitable.
