FUTURES; OPTIONS; SEGREGATED ACCOUNTS Sample Clauses

FUTURES; OPTIONS; SEGREGATED ACCOUNTS. Upon the receipt of Proper Instructions and the execution of any agreements relating to margin in respect of a Derivative Instrument or Commodity ("Margin Agreements"), to establish and maintain on its books a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or securities of the Fund in accordance with the terms of such Margin Agreements and any Proper Instructions ("Segregated Accounts").
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FUTURES; OPTIONS; SEGREGATED ACCOUNTS. Upon the receipt of Proper Instructions and the execution of any agreements relating to margin in respect of a Derivative Instrument or Commodity (“Margin Agreements”), to establish and maintain on its books a segregated account or accounts for and on behalf of any Portfolio, into which account or accounts may be transferred cash and/or securities of the Portfolio in accordance with the terms of such Margin Agreements and any Proper Instructions (“Segregated Accounts”). Upon receipt of Proper Instructions or upon receipt of instructions given pursuant to any Margin Agreement, or pursuant to the terms of such Agreement, the Custodian shall (i) receive and retain, to the extent the same are provided to the Custodian, confirmations or other documents evidencing the purchase or sale of such Derivative Instruments or Commodities by the Portfolio; (ii) deposit and maintain, pursuant to a Margin Agreement, in a segregated account, either physically or by book-entry in a Securities Depository, for the benefit of any futures commission merchant (“Margin Account”), or pay pursuant to Proper Instructions to such futures commission merchant, securities, cash or other assets designated by the Portfolio as initial, maintenance or variation “margin” deposits or other collateral intended to secure the Portfolio’s performance of its obligations under the terms of any Derivative Instruments and Commodities, in accordance with the provisions of any Margin Agreement relating thereto; and (iii) pay, release and/or transfer securities, cash or other assets into or out of such Margin Accounts only in accordance with any such agreement. The Custodian shall not be responsible for the sufficiency of assets held in any segregated account established in compliance with applicable margin maintenance requirements or for the performance of the other terms of any agreement relating to a Derivative Instrument or Commodity. Notwithstanding anything in this Agreement to the contrary, the Portfolio agrees that the Custodian’s responsibility for any Derivative Instruments and Commodities shall be limited to the exercise of reasonable care with respect to any confirmations or other documents evidencing the purchase or sale of such Derivative Instrument by the Portfolio which the Custodian receives.
Sample 1
FUTURES; OPTIONS; SEGREGATED ACCOUNTS. Upon the receipt of Proper Instructions and the execution of any agreements relating to margin in respect of a Derivative Instrument or Commodity ("Margin Agreements"), to establish and maintain on its books a segregated account or accounts for and on behalf of the Portfolio, into which account or accounts may be transferred cash and/or securities of the Portfolio in accordance with the terms of such Margin Agreements and any Proper Instructions ("Segregated Accounts").
Sample 1

Related to FUTURES; OPTIONS; SEGREGATED ACCOUNTS

  • Segregated Accounts Upon receipt of Proper Instructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or Securities, including Securities maintained in a Depository Account:

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Separate Account Transactions Investment decisions for the Separate Account shall be made by the Sub-Advisor independently from those for any other investment companies and accounts advised or managed by the Sub-Advisor. The Separate Account and such investment companies and accounts may, however, invest in the same securities. When the Sub-Advisor seeks to purchase or sell the same security at substantially the same time on behalf of the Separate Account and/or another investment company or account, the Sub-Advisor shall, to the extent permitted by law and to the extent reasonably practicable, aggregate such orders or otherwise effect such transaction on an average price basis, and available investments will be allocated as to amount in a manner which the Sub-Advisor believes to be equitable to the Fund and such other investment company or account. In some instances, this investment procedure may adversely affect the price paid or received by the Fund or the size of the position obtained or sold by the Fund. To the extent permitted by law, the Sub-Advisor may aggregate the securities to be sold or purchased for the Separate Account with those to be sold or purchased for other investment companies or accounts in order to obtain best execution on an overall basis for all the Sub-Advisor’s clients. The Sub-Advisor shall place orders for the purchase and sale of portfolio securities for the Separate Account and will solicit broker-dealers to execute transactions in accordance with the Fund’s policies and restrictions regarding brokerage allocations. If applicable, the Sub-Advisor shall place orders pursuant to its investment determinations for the Separate Account either directly with the issuer or with any broker or dealer. If it executes portfolio transactions and selects brokers or dealers, the Sub-Advisor shall use its reasonable best efforts to seek the most favorable execution of orders, after taking into account all factors the Sub-Advisor deems relevant, including the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker or dealer, and the reasonableness of the commission, if any, both for the specific transaction and on a continuing basis. Consistent with this obligation, the Sub-Advisor may, to the extent permitted by law, purchase and sell portfolio securities to and from brokers and dealers who provide brokerage and/or research services (within the meaning of Section 28(e) of the Securities Exchange Act of 1934) to or for the benefit of the Separate Account and/or other accounts over which the Sub-Advisor or any of its affiliates exercises investment discretion. The Sub-Advisor is authorized to pay to a broker or dealer who provides such brokerage and/or research services a commission for executing a portfolio transaction for the Separate Account which is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Sub-Advisor determines in good faith that such commission was reasonable in relation to the value of the brokerage and/or research services provided by such broker or dealer, viewed in terms of either that particular transaction or the Sub-Advisor’s overall responsibilities to the Fund. In no instance will portfolio securities be purchased from or sold to the Advisor or the Sub-Advisor or any affiliated person of either thereof; except as permitted by Rules and Regulations of the Securities and Exchange Commission.

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Deposit Account Transactions (a) The Bank or its Subcustodians will make payments from the Deposit Account upon receipt of Instructions which include all information required by the Bank.

  • New Accounts If the Collateral Agent receives notice of any security created or arising during the Security Period in respect of the Management Agreements or any of the Assigned Rights, or following the occurrence and during the continuation of an Event of Default makes demand of the Parent or the Borrower for payment of any or all of the Secured Obligations:

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