Common use of Set Up Accounts Clause in Contracts

Set Up Accounts. (a) Bank will establish and maintain the following accounts (“Accounts”): (i) one or more Securities Accounts in the name of Customer for Financial Assets, which may be received by or on behalf of Bank for the account of Customer, including as an Entitlement Holder; and (ii) one or more accounts in the name of Customer (“Cash Account”) for any and all cash received by or on behalf of Bank for the account of Customer. (b) At the request of Customer, additional Accounts may be opened in the future, which will be subject to the terms of this Agreement: (i) in accordance with the provisions of an agreement among Customer and a broker-dealer (registered under the Securities and Exchange Act of 1934 (“Exchange Act”) and a member of the National Association of Securities Dealer, Inc. (“NASD”), or any futures commission merchant registered under the Commodity Exchange Act, relating to compliance with the rules of the Options Clearing Corporation and of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization, regarding escrow or other arrangements in connection with transactions by Customer; (ii) for the purpose of segregating cash or Financial Assets with options purchased or sold by Customer; and (iii) for any other corporate purposes as per the Instruction of an Authorized Person.

Set Up Accounts. (a) Bank will establish and maintain the following accounts (“Accounts”): (i) one or more a Securities Accounts Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by or on behalf of Bank for the account of Customer, including as an Entitlement Holder; and (ii) one or more accounts an account in the name of Customer (“Cash Account”) for any and all cash received by or on behalf of Bank for the account of Customer. (b) At the request of Customer, additional Accounts may be opened in the future, which will be subject to the terms of this Agreement: (i) in accordance with the provisions of an agreement among Customer and a broker-dealer (registered under the Securities and Exchange Act of 1934 (“Exchange Act”) and a member of the National Association of Securities Dealer, Inc. (“NASD”), or any futures commission merchant registered under the Commodity Exchange Act, relating to compliance with the rules of the Options Clearing Corporation and of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization, regarding escrow or other arrangements in connection with transactions by Customerus; (ii) for the purpose of segregating cash or Financial Assets with options purchased or sold by on the books and records of Bank at the Instruction of Customer, to the extent necessary; and (iii) for any other corporate purposes as per the Instruction of an Authorized Person.

Set Up Accounts. (a) Bank will establish and maintain the following accounts (“"Accounts”"): (i) one or more a Securities Accounts Account in the name of Customer for Financial Assets, which may be received by or on behalf of Bank for the account of Customer, including as an Entitlement Holder; and (ii) one or more accounts an account in the name of Customer (“"Cash Account”") for any and all cash received by or on behalf of Bank for the account of Customer. (b) At the request of Customer, additional Accounts may be opened in the future, which will be subject to the terms of this Agreement: (i) , including a segregated Account or Accounts: in accordance with the provisions of an agreement among Customer and a broker-dealer (registered under the Securities and Exchange Act of 1934 (“"Exchange Act”") and a member of the National Association of Securities Dealer, Inc. (“"NASD”"), or any futures commission merchant registered under the Commodity Exchange Act, relating to compliance with the rules of the Options Clearing Corporation and of any registered national securities exchange (or the Commodity Futures Trading Commission or any registered contract market), or of any similar organization, regarding escrow or other arrangements in connection with transactions by Customer; (ii) us; for the purpose of segregating cash or Financial Assets with options purchased or sold by Customer; and (iii) and for any other corporate purposes as per the Instruction of an Authorized Person.