OVERDRAFTS OR INDEBTEDNESS. Wachovia may from time to time agree to advance cash to the Fund, without interest, for the fund's other proper corporate purposes. If Wachovia advances cash for any purpose, or if an overdraft in the Fund's Account shall arise for any reason (including, without limitation, overdrafts incurred in connection with the settlement of Securities transactions, funds transfers, or foreign exchange transactions) the Fund shall and hereby does grant to Wachovia a security interest in Securities the Fund holds equal in value to the amount of the cash advance but in no event shall the value of Securities the Fund holds in which a security interest has been granted exceed 20% of the value of the Fund's total assets at the time of the pledge. Should the Fund fail to repay Wachovia promptly, Wachovia shall be entitled to use available cash and to reasonably dispose of any Securities in which it has a security interest to the extent necessary to obtain reimbursement.
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Sources: Mutual Fund Custody Agreement (Agilex Funds), Mutual Fund Custody Agreement (Madison Harbor Balanced Strategies Inc)
OVERDRAFTS OR INDEBTEDNESS. Wachovia may from time to time agree to advance cash to the a Fund, without interest, for the fundFund's other proper corporate purposes. If Wachovia advances cash for any purpose, or if an overdraft in the a Fund's Account shall arise for any reason (including, without limitation, overdrafts incurred in connection with the settlement of Securities transactions, funds transfers, or foreign exchange transactions) the such Fund shall and hereby does grant to Wachovia a security interest in Securities the Fund holds equal in value to the amount of the cash advance but in no event shall the value of Securities the Fund holds in which a security interest has been granted exceed 20% of the value of the Fund's total assets at the time of the pledge. Should the a Fund fail to repay Wachovia promptly, Wachovia shall be entitled to use available cash and to reasonably dispose of any Securities in which it has a security interest to the extent necessary to obtain reimbursement.
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