Common use of Segregation of Designated Investments Clause in Contracts

Segregation of Designated Investments. Aston Lark Limited may also arrange to hold client money, that is subject to a non-statutory trust, in separately permitted designated investments with a value at least equivalent to the money that would otherwise have been paid into a client bank account. If Aston Lark Limited do this, they will be responsible for meeting any shortfall in their client money resource which is attributable to falls in the market value of a segregated investment. Any investment returns on any segregated designated investments will be retained by Aston Lark Limited.

Appears in 4 contracts

Samples: Terms of Business Agreement, Terms of Business Agreement, Terms of Business Agreement

AutoNDA by SimpleDocs

Segregation of Designated Investments. Aston Lark Limited may also arrange to hold client money, that is subject to a non-statutory non -statutory trust, in separately permitted designated investments with a value at least equivalent to the money that would otherwise have been paid into a client bank account. If Aston Lark Limited do this, they Xxxxx Xxx will be responsible for meeting any shortfall in their Aston Lark’s client money resource which is attributable to falls in the market value of a segregated investment. Any investment returns on any segregated designated investments will be retained by Aston Lark LimitedLark.

Appears in 1 contract

Samples: Terms of Business Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.