Common use of Integrated Account Clause in Contracts

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. In the event that the a Fund fails to promptly repay any Advances made pursuant to Section 7.6, deposits maintained in all Principal Accounts for the account of such Fund (whether or not denominated in United States Dollars) shall collectively constitute a single and indivisible current account with respect to the such Fund's obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the such 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. In the event that the a Fund fails to promptly repay any Advances made pursuant to Section 7.6, deposits maintained in all Principal Accounts for the account of such Fund (whether or not denominated in United States Dollars) shall collectively constitute a single and indivisible current account with respect to the such Fund's ’s obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the such Fund's ’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.