Common use of Set Up Accounts Clause in Contracts

Set Up Accounts. (a) Bank will establish and maintain the following accounts (“Accounts”): (i) a Securities Account in the name of Customer for each of its investment portfolios (“Funds”) for Financial Assets, which may be received by or on behalf of Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer for each of its Funds (“Cash Account”) for any and all cash in any currency received by or on behalf of Bank for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian or a Securities Depository will be held in that manner and will not be part of the Cash Account. (b) At the request of Customer, additional Accounts may be opened in the future, which will be subject to the terms of this Agreement.

Set Up Accounts. (a) Bank will establish and maintain the following accounts (“"Accounts”"): (i) a Securities Account in the name of Customer for each on behalf of its investment portfolios (“Funds”) the Fund for Financial Assets, which may be received by or on behalf of Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer for each on behalf of its Funds the Fund (“"Cash Account”") for any and all cash in any currency received by or on behalf of Bank for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian or a Securities Depository will be held in that manner and will not be part of the Cash Account. (b) At the request of Customer, additional Accounts may be opened in the future, which will be subject to the terms of this Agreement.

Set Up Accounts. (a) Bank will establish and maintain the following accounts (“Accounts”): (i) a Securities Account in the name of Customer for each on behalf of its investment portfolios (“Funds”) Fund for Financial Assets, which may be received by or on behalf of Bank or its Subcustodian for the account of CustomerCustomer on behalf of Fund, including as an Entitlement Holder; and (ii) an account in the name of Customer for each on behalf of its Funds Fund (“Cash Account”) for any and all cash in any currency received by or on behalf of Bank for the account of CustomerCustomer on behalf of Fund. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer or Fund is required to have a cash account in its own name held directly with the relevant Subcustodian or a Securities Depository will be held in that manner and will not be part of the Cash Account. (b) At the request of CustomerCustomer or Fund, additional Accounts may be opened in the future, which will be subject to the terms of this Agreement.

Set Up Accounts. (a) Bank will establish and maintain the following accounts (“Accounts”): (i) a Securities Account in the name of Customer for each of its investment portfolios (“Funds”) for Financial Assets, which may be received by or on behalf of Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an a separate account in the name of Customer for each of its Funds (“Cash Account”) for any and all cash in any currency received by or on behalf of Bank for the account of Customer. Investment Company Rider to Global Custody Agreement Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required by Applicable Law to have a cash account in its own name held directly with the relevant Subcustodian or a Securities Depository will be held in that manner and will not be part of the Cash Account. (b) At the request of Customer, additional Accounts may be opened in the future, which will be subject to the terms of this Agreement.