Examples of Bearing in a sentence
Such Interest Bearing Deposits shall be denominated in U.S. dollars.
Interest Bearing Deposits issued by another Banking Institution may be in the name of the Fund or Custodian or in the name of Custodian for its customers generally.
The responsibilities of Custodian to a Fund for Interest Bearing Deposits issued by Custodian shall be that of a U.S. bank for a similar deposit.
Upon receipt of Instructions directing Custodian to purchase interest bearing fixed-term certificates of deposit or call deposits (collectively, “Interest Bearing Deposits”) for the account of a Fund, Custodian shall purchase such Interest Bearing Deposits with such banks or trust companies, including Custodian, any Subcustodian, or any subsidiary or affiliate of Custodian (“Banking Institutions”), and in such amounts as such Fund may direct pursuant to Instructions.
With respect to Interest Bearing Deposits issued by any other Banking Institution, Custodian shall (1) be responsible for the collection of income and the transmission of cash to and from such accounts and (2) have no duty with respect to the selection of the Banking Institution or for the failure of such Banking Institution to pay upon demand.