Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) of each series of the Fund shall collectively constitute a single and indivisible current account with respect to the series' obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the series' obligations under this Section 7.
Integrated Account. Subject to Section 16 hereof, for purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in United States Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) shall collectively constitute a single and indivisible current account with respect to a Portfolio's obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Portfolio's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn. For the avoidance of doubt, it is acknowledged and agreed that under no circumstances shall the assets of one Portfolio be used to satisfy the debts or obligations of any other Portfolio of the Fund.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) with respect to the Fund or a Portfolio shall collectively constitute a single and indivisible current account with respect to the Fund or the Portfolio’s obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Fund or Portfolio’s respective obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder with respect to the Fund or a Portfolio to the extent that the aggregate of all Principal Accounts with respect to the Fund or Portfolio, respectively, is overdrawn.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts for each Fund (whether or not denominated in Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund’s obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Fund’s obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn. For avoidance of doubt, “Fund” as used herein means each series listed on Appendix A, severally and not jointly.
Integrated Account. In the event that the Fund fails to promptly repay any Advances made pursuant to Section 7.6, deposits maintained in all Principal Accounts (whether or not denominated in United States Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in U.S. Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn; provided however, any balance offsets under this Section 7.7 shall be applied so that such balance offsets shall apply only to each respective Series and not to any other Series. The deposits maintained in all Principal Accounts and any Agency Account shall belong to each respective Series and not to any other Series.
Integrated Account. (a) (Applicable if your Card is an HSBC Premier MasterCard credit card issued to you by us or any other member of the HSBC Group)
(i) If you do not have the Tier of HSBC Premier but we issued you the Card (and any additional Card) because you are an HSBC Premier customer of another member of the HSBC Group, you agree that:
(1) we may request or instruct such member of the HSBC Group to collect on our behalf all monies due and payable by you to us under this Agreement (in this Clause 9(a)(i), “Debts”);
(2) we may assign the Debts to such member of the HSBC Group; and you waive all rights you may have in relation to the assigned Debts in our favour to the extent permitted by the Applicable Regulations; and
(3) Clause 7(g) also applies to any sum payable by you to such member of the HSBC Group.
(ii) If you have the Tier of HSBC Premier and have been issued with another HSBC Premier MasterCard credit card (and any additional Card) otfered by another member of the HSBC Group, you agree that:
(1) we may collect on behalf of such member of the HSBC Group any monies due and payable by you to it in connection with that HSBC Premier MasterCard credit card (and any additional Card) (in this Clause 9(a)(ii) “Member Debts”);
(2) we may accept any assignment of Member Debts and exercise our right (including our set-otf rights set out in Clause 14) in relation to the assigned Member Debts; and you waive all rights you may have in relation to the assigned Member Debts in our favour to the extent permitted by the Applicable Regulations; and
(3) Clause 7(g) also applies to any sum payable by you to such member of the HSBC Group.
(b) (Applicable if your Card is an HSBC Advance Visa Platinum credit card issued to you by us or any other member of the HSBC Group) Clause 9(a) applies to your Card. Any references to “HSBC Premier” and “HSBC Premier MasterCard” are substituted by “HSBC Advance” and “HSBC Advance Visa Platinum” respectively, and Clause 9(a) shall be construed accordingly.
