Uninvested Funds. Any monies held by Xxxxxx Xxxxx in my account to my credit are payable on demand, need not be segregated, and may be used by Xxxxxx Xxxxx in the ordinary conduct of its business. I acknowledge that the relationship of Xxxxxx Xxxxx and me with respect to such monies is one of debtor and creditor only.
Uninvested Funds. FBTS may hold funds uninvested temporarily without liability for interest thereon, and may deposit funds in one or more savings or similar accounts with any bank or savings and loan association, provided that such accounts are insured by an instrumentality of the federal government.
Uninvested Funds. Uninvested cash will be deposited to an interest bearing account until you choose a sweep option. Though not obligated to do so, the Custodian may offer one or more investment options into which Custodian will automatically invest, or “sweep,” uninvested funds in the Depositor’s Custodial Account. These sweep options may include (i) one or more deposit accounts at Xxxxxxx Xxxxx Bank, which is an affiliate of the Brokerage Firm and Custodian, or at such other bank or banks as the Custodian may select or (ii) one or more money market mutual funds sponsored by a financial institution that may also be an affiliate of the Brokerage Firm and Custodian. The terms governing the deposit accounts and money market funds offered as sweep investment options are subject to amendment by the relevant fund or institution. Under certain circumstances, available for uninvested funds in the Depositor’s Custodial Account. You should review your account agreement, any XXX Custodial Account disclosure statements, and other documents provided or made available to you in connection with your XXX and Custodial Account for additional information regarding how uninvested funds will be invested, the circumstances in which the investment of such funds might change, the circumstances under which you may have to take action in connection with the investment of such funds, any related fees, and other information.
