BBH Accounts definition

BBH Accounts shall have the meaning ascribed to it in Section 5 hereof.
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Examples of BBH Accounts in a sentence

  • Accordingly, balances in all such Agency and BBH Accounts shall at all times be available for satisfaction of the Fund's obligations under this Agreement to the Custodian or any of its Subcustodians or agents including without limitation any Advances incurred pursuant to this Section.

  • Cash accounts opened on the books of the Custodian ("BBH Accounts") shall be opened in the name of the Fund.

  • Both BBH Accounts and Agency Accounts shall be subject to the provisions of Sections 9 and 10 of this Agreement.

  • Both BBH Accounts and Agency Accounts shall have the benefit of the provisions of Section 10 of this Agreement.

  • Deposits for each separate Fund respectively maintained in Agency Accounts and BBH Accounts (including all accounts denominated in any currency) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian or any Subcustodian hereunder.

  • Deposits maintained in Agency Accounts and BBH Accounts (including all accounts denominated in any currency) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian or any Subcustodian hereunder.

  • Accordingly, balances in all such Agency and BBH Accounts shall at all times be available for satisfaction of the Portfolio’s obligations under this Agreement to the Custodian or any of its Subcustodians or agents including without limitation any Advances incurred pursuant to this Section.

  • Deposits maintained in Agency Accounts and BBH Accounts (including all accounts denominated in any currency) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian or Subcustodian hereunder.

  • Cash accounts opened on the books of the Custodian ("BBH Accounts") shall be opened in the name of the Fund on behalf of the Portfolio.

  • Such deposits shall be treated as portfolio securities, and accordingly the Custodian shall be responsible for the exercise of reasonable care in respect of the administration of such Agency Accounts but shall not be liable for their repayment in the event the Subcustodian fails to make repayment (including in the event of the Subcustodian’s bankruptcy or insolvency.) Both BBH Accounts and Agency Accounts shall have the benefit of the provisions of Section 10 of this Agreement.