Types of Cash Accounts. Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the Fund. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund or the Custodian or in the name of the Custodian for its customers generally (Agency
Appears in 5 contracts
Samples: Custodian Agreement (Vanguard Variable Insurance Funds), Custodian Agreement (Vanguard Tax-Managed Funds), Custodian Agreement (Vanguard Trustees' Equity Fund)
Types of Cash Accounts. Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the applicable Fund. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund or the Custodian or in the name of the Custodian for its customers generally (Agency.
Appears in 1 contract
Samples: Custody Agreement (Brookshire Raw Materials (U.S.) Energy USD Fund)
