Common use of Uninvested Cash Clause in Contracts

Uninvested Cash. Uninvested cash will be placed on deposit with the Trustee or an affiliate of the Trustee. The interest on such cash balances payable to the Account will be determined by the Agent from time to time in its sole discretion with no obligation to pay a minimum amount or rate. The Trustee will pay interest to the Agent for distribution to the Account and the Agent shall credit the Account with appropriate interest. The Trustee shall have no liability for such payment of interest once it is paid to the Agent for distribution.

Appears in 5 contracts

Samples: Tax Free Savings Account Trust Agreement, Tax Free Savings Account Trust Agreement, Tax Free Savings Account Trust Agreement

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Uninvested Cash. Uninvested cash will be placed on deposit with the Trustee or an affiliate of the Trustee. The interest on such cash balances payable to the Account Fund will be determined by the Agent from time to time in its their sole discretion with no obligation to pay a minimum amount or rate. The Trustee will pay interest to the Agent for distribution to the Account Fund and the Agent shall credit the Account Fund with appropriate interest. The Trustee shall have no liability for such payment of interest once it is paid to the Agent for distribution.

Appears in 2 contracts

Samples: Terms and Conditions, Terms and Conditions

Uninvested Cash. Uninvested cash will be placed on deposit with the Trustee or an affiliate of the Trustee. The interest on such cash balances payable to the Account Plan will be determined by the Agent from time to time in its their sole discretion with no obligation to pay a minimum amount or rate. The Trustee will pay interest to the Agent for distribution to the Account Plan and the Agent shall credit the Account Plan with appropriate interest. The Trustee shall have no liability for such payment of interest once it is paid to the Agent for distribution.

Appears in 1 contract

Samples: Terms and Conditions

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Uninvested Cash. Uninvested cash will be placed on deposit with the Trustee or an affiliate of the Trustee. The interest on such cash balances payable to the Account Plan will be determined by the Agent from time to time in its their sole discretion with no obligation to pay a minimum amount or rate. The Trustee will pay interest to the Agent for distribution to the Account Plan and the Agent shall credit the Account Plan with appropriate interest. The Trustee shall have no liability for such payment of interest once it is paid to the Agent for distribution.appropriate

Appears in 1 contract

Samples: Terms and Conditions

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