Common use of Interest Bearing Deposits Clause in Contracts

Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank as a sweep vehicle or other deposit held in the Custodian’s street name for the benefit of it’s clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 4 contracts

Samples: Global Custody Agreement (CPG JP Morgan Alternative Strategies Fund, LLC), Global Custody Agreement (Arrow Investments Trust), Global Custody Agreement (Equinox Funds Trust)

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Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank Custodian as a sweep vehicle or other deposit held in the Custodian’s street name for the benefit of it’s clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 3 contracts

Samples: Global Custody Agreement (Advisorone Funds), Global Custody Agreement (Advisorone Funds), Global Custody Agreement (Advisorone Funds)

Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank as a sweep vehicle or other deposit held in the Custodian’s 's street name for the benefit of it’s 's clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 2 contracts

Samples: Custodian Agreement (First Pacific Mutual Fund Inc /Hi/), Custodian Agreement (First Pacific Mutual Fund Inc /Hi/)

Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank Custodian or Domestic Sub-Custodian as a sweep vehicle or other deposit held in the Custodian’s street nominee name for the benefit of it’s its clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 2 contracts

Samples: Global Custody Agreement (Frost Family of Funds), Global Custody Agreement (CC Real Estate Income Fund-T2)

Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank or Domestic Sub-Custodian as a sweep vehicle or other deposit held in the Custodian’s street name for the benefit of it’s its clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 1 contract

Samples: Global Custody Agreement (Americafirst Quantitative Funds)

Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank or Domestic Sub-Custodian as a sweep vehicle or other deposit held in the Custodian’s street nominee name for the benefit of it’s its clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 1 contract

Samples: Custodian Agreement (Resource Credit Income Fund)

Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank or Domestic Sub-Custodian as a sweep vehicle or other deposit held in the Custodian’s street name for the benefit of it’s its clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 1 contract

Samples: Custody Agreement (Encompass Funds)

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Interest Bearing Deposits. Principal Trust or Manager may direct that assets of the Account be invested in deposits with Union Bank as a sweep vehicle or other deposit held in the Custodian’s 's street name for the benefit of it’s 's clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 1 contract

Samples: Global Custody Agreement (Tilson Investment Trust)

Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank or Domestic Sub-Custodian as a sweep vehicle or other deposit held in the Union Bank, N.A. (2012_0920) Page 11 of 16 Custodian’s street nominee name for the benefit of it’s its clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 1 contract

Samples: Global Custody Agreement (FSI Low Beta Absolute Return Fund)

Interest Bearing Deposits. Principal or Manager may direct that assets of the Account be invested in deposits with Union Bank or its Domestic Sub-Custodian as a sweep SWEEP vehicle or other deposit held in the Custodian’s street nominee name for the benefit of it’s its clients. Such deposits are covered by FDIC insurance up to the designated value in effect for each beneficial owner.

Appears in 1 contract

Samples: Custody Agreement (Resource Real Estate Diversified Income Fund)

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