Common use of Rules, Policies and Procedures Clause in Contracts

Rules, Policies and Procedures. A. From time to time, the Bank may establish fees, rules, policies, and procedures regarding securities safekeeping, including establishing a part of a business day during which it is open for the receipt and processing of entitlement orders. The Bank shall notify the Customer from time to time of such fees, rules, policies, and procedures and the Customer shall be bound by such fees, rules, policies, and procedures. B. If the Bank receives a cancellation or amendment of an entitlement order after the Bank has already executed the entitlement order, the Bank may, but is not required to, attempt to recover the securities using whatever steps it deems reasonable, provided, however, that if the Bank attempts to recover the securities, it need not pursue the claim beyond normal commercial steps and may require the Customer to pursue its own claim at any time. The Bank makes no representation or warranty as to its ability to cancel, or amend an entitlement order once accepted or executed. C. The Bank shall credit all cash proceeds received by the Bank arising as a result of entitlement orders for securities held hereunder or payments on such securities to the Customer's deposit account(s). The Bank shall charge the Customer's deposit account(s) for all costs, expenses, and fees arising as a result of any entitlement orders for securities held hereunder. The Bank may refuse to honor any entitlement order if the collected balances in the Customer's deposit account(s) are insufficient to cover such costs, expenses, and fees. D. The Bank, from time to time, shall transmit, mail, or deliver to the Customer a confirmation or periodic statement stating the date of any entitlement order affected by the Bank or received by the Bank with respect to securities held and securities transactions taken hereunder. Not more than three (3) calendar days after the receipt of such confirmation or periodic statement, the Customer will cause it to be examined and will immediately notify the Bank of any unauthorized or erroneously executed entitlement order. CUSTOMER'S FAILURE AFTER RECEIPT OF SUCH CONFIRMATION OR STATEMENT TO PROMPTLY REPORT ANY UNAUTHORIZED OR ERRONEOUSLY EXECUTED ENTITLEMENT ORDER SHALL CONSTITUTE ACCEPTANCE OF AND AGREEMENT WITH SUCH CONFIRMATION OR STATEMENT BY CUSTOMER. E. The Bank will provide the Customer with such additional information with respect to entitlement orders as the Customer, through its authorized officers, employees, or agents, may reasonably request.

Rules, Policies and Procedures. A. From time to time, the Bank may establish fees, rules, policies, and procedures regarding securities safekeeping, including establishing a part of a business day during which it is open for the receipt and processing of entitlement orders. The Bank shall notify the Customer Member from time to time of such fees, rules, policies, and procedures and the Customer Member shall be bound by such fees, rules, policies, and procedures. B. If the Bank receives a cancellation or amendment of an entitlement order after the Bank has already executed the entitlement order, the Bank may, but is not required to, attempt to recover the securities using whatever steps it deems reasonable, provided, however, that if the Bank attempts to recover the securities, it need not pursue the claim beyond normal commercial steps and may require the Customer Member to pursue its own claim at any time. The Bank makes no representation or warranty as to its ability to cancel, or amend an entitlement order once accepted or executed. C. The Bank shall credit all cash proceeds received by the Bank arising as a result of entitlement orders for securities held hereunder or payments on such securities to the Customer's Member’s deposit account(s). The Bank shall charge the Customer's Member’s deposit account(s) for all costs, expenses, and fees arising as a result of any entitlement orders for securities held hereunder. The Bank may refuse to honor any entitlement order if the collected balances in the Customer's Member’s deposit account(s) are insufficient to cover such costs, expenses, and fees. D. The Bank, from time to time, shall transmit, mail, or deliver to the Customer Member a confirmation or periodic statement stating the date of any entitlement order affected by the Bank or received by the Bank with respect to securities held and securities transactions taken hereunder. Not more than three (3) calendar days after the receipt of such confirmation or periodic statement, the Customer Member will cause it to be examined and will immediately notify the Bank of any unauthorized or erroneously executed entitlement order. CUSTOMER'S MEMBER’S FAILURE AFTER RECEIPT OF SUCH CONFIRMATION OR STATEMENT TO PROMPTLY REPORT ANY UNAUTHORIZED OR ERRONEOUSLY EXECUTED ENTITLEMENT ORDER SHALL CONSTITUTE ACCEPTANCE OF AND AGREEMENT WITH SUCH CONFIRMATION OR STATEMENT BY CUSTOMERMEMBER. E. The Bank will provide the Customer Member with such additional information with respect to entitlement orders as the CustomerMember, through its authorized officers, employees, employees or agents, may reasonably request.

Rules, Policies and Procedures. A. From time to time, the Bank may establish fees, rules, policies, and procedures regarding securities safekeeping, including establishing a part of a business day during which it is open for the receipt and processing of entitlement orders. The Bank shall notify the Customer Member from time to time of such fees, rules, policies, and procedures and the Customer Member shall be bound by such fees, rules, policies, and procedures. B. If the Bank receives a cancellation or amendment of an entitlement order after the Bank has already executed the entitlement order, the Bank may, but is not required to, attempt to recover the securities using whatever steps it deems reasonable, provided, however, that if the Bank attempts to recover the securities, it need not pursue the claim beyond normal commercial steps and may require the Customer Member to pursue its own claim at any time. The Bank makes no representation or warranty as to its ability to cancel, or amend an entitlement order once accepted or executed. C. The Bank shall credit all cash proceeds received by the Bank arising as a result of entitlement orders for securities held hereunder or payments on such securities to the CustomerMember's deposit account(s). The Bank shall charge the CustomerMember's deposit account(s) for all costs, expenses, and fees arising as a result of any entitlement orders for securities held hereunder. The Bank may refuse to honor any entitlement order if the collected balances in the CustomerMember's deposit account(s) are insufficient to cover such costs, expenses, and fees. D. The Bank, from time to time, shall transmit, mail, or deliver to the Customer Member a confirmation or periodic statement stating the date of any entitlement order affected by the Bank or received by the Bank with respect to securities held and securities transactions taken hereunder. Not more than three (3) calendar days after the receipt of such confirmation or periodic statement, the Customer Member will cause it to be examined and will immediately notify the Bank of any unauthorized or erroneously executed entitlement order. CUSTOMERMEMBER'S FAILURE AFTER RECEIPT OF SUCH CONFIRMATION OR STATEMENT TO PROMPTLY REPORT ANY UNAUTHORIZED OR ERRONEOUSLY EXECUTED ENTITLEMENT ORDER SHALL CONSTITUTE ACCEPTANCE OF AND AGREEMENT WITH SUCH CONFIRMATION OR STATEMENT BY CUSTOMERMEMBER. E. The Bank will provide the Customer Member with such additional information with respect to entitlement orders as the CustomerMember, through its authorized officers, employees, or agents, may reasonably request.

Rules, Policies and Procedures. A. From time to time, the Bank may establish fees, rules, policies, and procedures regarding securities safekeeping, including establishing a part of a business day during which it is open for the receipt and processing of entitlement orders. The Bank shall notify the Customer Member from time to time of such fees, rules, policies, and procedures and the Customer Member shall be bound by such fees, rules, policies, and procedures. B. If the Bank receives a cancellation or amendment of an entitlement order after the Bank has already executed the entitlement order, the Bank may, but is not required to, attempt to recover the securities using whatever steps it deems reasonable, provided, however, that if the Bank attempts to recover the securities, it need not pursue the claim beyond normal commercial steps and may require the Customer Member to pursue its own claim at any time. The Bank makes no representation or warranty as to its ability to cancel, or amend an entitlement order once accepted or executed. C. The Bank shall credit all cash proceeds received by the Bank arising as a result of entitlement orders for securities held hereunder or payments on such securities to the Customer's Member’s deposit account(s). The Bank shall charge the Customer's Member’s deposit account(s) for all costs, expenses, and fees arising as a result of any entitlement orders for securities held hereunder. The Bank may refuse to honor any entitlement order if the collected balances in the Customer's Member’s deposit account(s) are insufficient to cover such costs, expenses, and fees. D. The Bank, from time to time, shall transmit, mail, or deliver to the Customer Member a confirmation or periodic statement stating the date of any entitlement order affected by the Bank or received by the Bank with respect to securities held and securities transactions taken hereunder. Not more than three (3) calendar days after the receipt of such confirmation or periodic statement, the Customer Member will cause it to be examined and will immediately notify the Bank of any unauthorized or erroneously executed entitlement order. CUSTOMER'S MEMBER’S FAILURE AFTER RECEIPT OF SUCH CONFIRMATION OR STATEMENT TO PROMPTLY REPORT ANY UNAUTHORIZED OR ERRONEOUSLY EXECUTED ENTITLEMENT ORDER SHALL CONSTITUTE ACCEPTANCE OF AND AGREEMENT WITH SUCH CONFIRMATION OR STATEMENT BY CUSTOMERMEMBER. E. The Bank will provide the Customer Member with such additional information with respect to entitlement orders as the CustomerMember, through its authorized officers, employees, or agents, may reasonably request.