We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Possession and Control Clause in Contracts

Possession and Control. The parties acknowledge that the Account is an omnibus account in Xxxxxx’x name with shares held by any number of beneficial owners. The parties agree that all Fund shares held by Schwab on behalf an MFMP investor shall be carried in a custody account for the exclusive benefit of customers and shall not be subject to any right, charge, security interest, lien or other claim against Schwab in favor of the Funds or Fund Company.

Appears in 3 contracts

Samples: Operating Agreement (Pacific Global Fund Inc), Operating Agreement (GMO Series Trust), Operating Agreement (First Focus Funds Inc)

Possession and Control. The parties acknowledge that the Account is an omnibus account in Xxxxxx’x Sxxxxx'x name with shares held by any number of beneficial owners. The parties agree that all Fund shares held by Schwab on behalf an MFMP investor shall be carried in a custody account for the exclusive benefit of customers and shall not be subject to any right, charge, security interest, lien or other claim against Schwab in favor of the Funds or Fund Company.

Appears in 1 contract

Samples: Operating Agreement (Westcore Trust)