Common use of Information Concerning Deposits at Bank Clause in Contracts

Information Concerning Deposits at Bank. Bank’s London Branch is a member of the United Kingdom Deposit Protection Scheme (the “Scheme”) established under Banking Xxx 0000 (as amended). The Scheme provides that in the event of Bank’s insolvency, payments may be made to certain customers of Bank’s London Branch. Payments under the Scheme are limited to 90% of a depositor’s total cash deposits subject to a maximum payment to any one depositor of £18,000 (or euro 20,000 if greater). Most deposits denominated in sterling and other European Economic Area Currencies and euros made with Bank within the United Kingdom are covered. Further details of the Scheme are available on request. Any cash so deposited with Bank’s London Branch will be payable exclusively by Bank’s London Branch in the applicable currency, subject to compliance with applicable law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

Appears in 16 contracts

Samples: Global Custody Agreement (American Funds Portfolio Series), Global Custody Agreement (American Funds Target Date Retirement Series), Agreement (American Funds Tax Exempt Series I)

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Information Concerning Deposits at Bank. Bank’s London Branch is a member of the United Kingdom Deposit Protection Scheme (the “Scheme”) established under Banking Xxx Axx 0000 (as amended). The Scheme provides that in the event of Bank’s insolvency, payments may be made to certain customers of Bank’s London Branch. Payments under the Scheme are limited to 90% of a depositor’s total cash deposits subject to a maximum payment to any one depositor of £18,000 (or euro 20,000 if greater). Most deposits denominated in sterling and other European Economic Area Currencies and euros made with Bank within the United Kingdom are covered. Further details of the Scheme are available on request. Any cash so deposited with Bank’s London Branch will be payable exclusively by Bank’s London Branch in the applicable currency, subject to compliance with applicable law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

Appears in 7 contracts

Samples: Global Custody Agreement (American Funds Global Balanced Fund), Global Custody Agreement (American Funds Emerging Markets Bond Fund), Global Custody Agreement (Capital Group Central Fund Series)

Information Concerning Deposits at Bank. Bank’s 's London Branch is a member of the United Kingdom Deposit Protection Scheme (the "Scheme") established under Banking Xxx Axx 0000 (as amended). The Scheme provides that in the event of Bank’s 's insolvency, payments may be made to certain customers of Bank’s 's London Branch. Payments under the Scheme are limited to 90% of a depositor’s 's total cash deposits subject to a maximum payment to any one depositor of £18,000 (or euro 20,000 if greater). Most deposits denominated in sterling and other European Economic Area Currencies and euros made with Bank within the United Kingdom are covered. Further details of the Scheme are available on request. Any cash so deposited with Bank’s 's London Branch will be payable exclusively by Bank’s 's London Branch in the applicable currency, subject to compliance with applicable law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

Appears in 3 contracts

Samples: Global Custody Agreement (Endowments /De), Global Custody Agreement (Income Fund of America Inc), Global Custody Agreement (Limited Term Tax Exempt Bond Fund of America)

Information Concerning Deposits at Bank. Bank’s 's London Branch is a member of the United Kingdom Deposit Protection Scheme (the "Scheme") established under Banking Xxx Axx 0000 (as amended). The Scheme provides that in the event of Bank’s 's insolvency, payments may be made to certain customers of Bank’s 's London Branch. Payments under the Scheme are limited to 90% of a depositor’s 's total cash deposits subject to a maximum payment to any one depositor of £18,000 (or pounds(or euro 20,000 if greater). Most deposits denominated in sterling and other European Economic Area Currencies and euros made with Bank within the United Kingdom are covered. Further details of the Scheme are available on request. Any cash so deposited with Bank’s 's London Branch will be payable exclusively by Bank’s 's London Branch in the applicable currency, subject to compliance with applicable law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

Appears in 3 contracts

Samples: Global Custody Agreement (New Perspective Fund Inc), Global Custody Agreement (American Fund Insurance Series), Global Custody Agreement (Capital Income Builder Inc)

Information Concerning Deposits at Bank. Bank’s London Branch is a member of the United Kingdom Deposit Protection Scheme (the “Scheme”) established under Banking Xxx Axx 0000 (as amended). The Scheme provides that in the event of Bank’s insolvency, payments may be made to certain customers of Bank’s London Branch. Payments under the Scheme are limited to 90% of a depositor’s total cash deposits subject to a maximum payment to any one depositor of £18,000 (or euro 20,000 if greater). Most deposits denominated in sterling and other European Economic Area Currencies and euros made with Bank within the United Kingdom are covered. Further details of the Scheme are available on request. Any cash so deposited with Bank’s London Branch will be payable exclusively by Bank’s London Branch in the applicable currency, subject to compliance with applicable law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.. - -

Appears in 2 contracts

Samples: Global Custody Agreement (American Funds Tax Exempt Series I), Global Custody Agreement (Washington Mutual Investors Fund Inc)

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Information Concerning Deposits at Bank. Bank’s London Branch is a member of the United Kingdom Deposit Protection Scheme (the “Scheme”) established under Banking Xxx 0000 Act 1987 (as amended). The Scheme provides that in the event of Bank’s insolvency, payments may be made to certain customers of Bank’s London Branch. Payments under the Scheme are limited to 90% of a depositor’s total cash deposits subject to a maximum payment to any one depositor of £18,000 (or euro 20,000 if greater). Most deposits denominated in sterling and other European Economic Area Currencies and euros made with Bank within the United Kingdom are covered. Further details of the Scheme are available on request. Any cash so deposited with Bank’s London Branch will be payable exclusively by Bank’s London Branch in the applicable currency, subject to compliance with applicable law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

Appears in 1 contract

Samples: Global Custody Agreement (Capital Group Completion Fund Series)

Information Concerning Deposits at Bank. Bank’s 's London Branch is a member of the United Kingdom Deposit Protection Scheme (the "Scheme") established under Banking Xxx Axx 0000 (as amended). The Scheme provides that in the event of Bank’s 's insolvency, payments may be made to certain customers of Bank’s 's London Branch. Payments under the Scheme are limited to 90% of a depositor’s 's total cash deposits subject to a maximum payment to any one depositor of £18,000 pounds (or euro 20,000 if greater). Most deposits denominated in sterling and other European Economic Area Currencies and euros made with Bank within the United Kingdom are covered. Further details of the Scheme are available on request. Any cash so deposited with Bank’s 's London Branch will be payable exclusively by Bank’s 's London Branch in the applicable currency, subject to compliance with applicable law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

Appears in 1 contract

Samples: Global Custody Agreement (American Funds Income Series)

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