Common use of Short-Term Investments Clause in Contracts

Short-Term Investments. (a) The cash in the Joint Account shall be invested in short-term investments (including undivided interests in such investments held in common with other Participants that are customers of Bank) of the type set forth on Schedule A ("Cash Instruments"). Each Fund shall remain fully responsible for overdrafts of its Deposit Account or Custody Account resulting from the placement of cash in a Joint Account and invested in a Cash Instrument.