Common use of Interest on Clients’ Trust Accounts Clause in Contracts

Interest on Clients’ Trust Accounts. Owner hereby authorizes, but not require Manager to establish the Clients Trust Account referred herein as a federally-insured interest-bearing trust bank account. If such account is an interest-bearing account, Manager expressly acknowledges that all earning on such account shall be owned by and shall inure to the benefit of Owner.

Interest on Clients’ Trust Accounts. Owner hereby authorizes, but does not require require, Manager to establish the Clients Clients’ Trust Account referred to herein as a federally-federally insured interest-interest bearing trust bank account. If such account is an interest-bearing account, Manager expressly acknowledges that all earning earnings on such account shall be owned by and shall inure to the benefit of Owner.