Common use of Treatment of Funding Balance Clause in Contracts

Treatment of Funding Balance. Client authorises AFEX to combine Client’s Funding Balance with funds held on behalf of other AFEX clients (collectively “Pooled Funding Balances”) provided that AFEX maintains sufficient accounting records to determine the funds held for the benefit of Client. AFEX will not use Funding Balance or Pooled Funding Balances for operating expenses or any other corporate purpose other than its provision of Services to AFEX clients, including Client.

Treatment of Funding Balance. Client authorises AFEX to Inc. may combine Client’s Funding Balance with funds held on behalf of other AFEX clients (collectively “Pooled Funding Balances”) provided that ). AFEX maintains Inc. shall maintain sufficient accounting records to determine the funds held for the benefit of Client. AFEX will not use Funding Balance or Pooled Funding Balances for operating expenses or any other corporate purpose other than its provision of Services to AFEX clients, including Client.