Common use of Settlement of Funds Transfers; Authorized Account Clause in Contracts

Settlement of Funds Transfers; Authorized Account. The Implementation Forms may designate one or more demand deposit accounts at the Custodian or an affiliate bank approved by the Custodian, which will be used for wire transfer transactions initiated by the Customer. The Customer authorizes the Custodian to debit such account(s), or if no account is designated, any account maintained by the Customer at the Custodian, in connection with such transactions.

Appears in 3 contracts

Samples: Custodial Agreement, Custodial Agreement (Salient Absolute Return Master Fund), Custodial Agreement (Endowment Master Fund L P)

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Settlement of Funds Transfers; Authorized Account. The Implementation Forms may designate one or more demand deposit accounts at the Custodian X.X. Xxxxxx or an affiliate bank approved by the CustodianX.X. Xxxxxx, which will be used for wire transfer transactions initiated by the Customer. The Customer authorizes the Custodian X.X. Xxxxxx to debit such account(s), or if no account is designated, any account maintained by the Customer at the CustodianX.X. Xxxxxx, in connection with such transactions.

Appears in 1 contract

Samples: Custodial Agreement (Aetos Capital Multi-Strategy Arbitrage Fund LLC)

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