Common use of Fund Balance Clause in Contracts

Fund Balance. Any cash held for the Client, other than cash received by USL in respect of settling a Transaction and of fulfilling other debt obligations by the Client, shall be credited to a client trust account maintained with a licensed bank as required by applicable laws from time to time. The Client’s Account will be credited at a rate as stipulated by USL’s sole discretion from time to time.

Fund Balance. Any cash held for the Client, other than cash received by USL uSMART SG in respect of settling a Transaction and of fulfilling other debt obligations by the Client, shall be credited to a client trust account maintained with a licensed bank as required by applicable laws any Applicable Law from time to time. The Client’s Account will be credited at a rate as stipulated by USLxXXXXX SG’s sole and absolute discretion from time to time.

Fund Balance. Any cash held for the Client, other than cash received by USL NECHK in respect of settling a Transaction transactions and of fulfilling other debt obligations by the Client, shall be credited to a client trust the Client’s bank account maintained with a licensed bank as required by applicable laws from time to time. The Client’s Account will be credited at a rate as stipulated by USLXXXXX’s sole discretion from time to time.

Fund Balance. Any cash held for the Client, other than cash received by USL USPL in respect of settling a Transaction and of fulfilling other debt obligations by the Client, shall be credited to a client trust account maintained with a licensed bank as required by applicable laws from time to time. The Client’s Account will be credited at a rate as stipulated by USLUSPL’s sole discretion from time to time.