Examples of Client Deposit Account in a sentence
Xxxxx Fargo Xxxxx Fargo Commercial Banking 0000 XXX Xxxxx, 0xx Xxxxx | Xxxxxxxxx, XX 00000 Client Deposit Account *3588 Humble Imports Inc.
If the Bank has in place a system for providing telecommunication access or other means of direct access by customers to such Bank's reporting system for Property in the Custody Account or the Client Deposit Account, then, upon mutual agreement and arrangement between the Client and the Bank, the Bank shall provide the Client with such Instructions and passwords and/or access codes as may be necessary in order for the Client to have such direct access through the Client's terminal device.
The proceeds from the sale or exchange of Property and the Property purchased or acquired will be credited to the Client Deposit Account or the Custody Account, as the case may be, on the date the proceeds or such Property, as the case may be, are actually received by such Bank.
The Client agrees and understands that the Bank or its agent may disclose information regarding the Custody Account and/or the Client Deposit Account if required to do so by any court order or similar process in any relevant jurisdiction or by order of an authority having power to do so over the Bank or its agents within the jurisdiction of such court or authority.
The Bank may supply to the Client from time to time written service standards and/or operating procedures which shall govern the day-to- day operations of the Custody Account and the Client Deposit Account.
In any case where Custodian is a Citibank Affiliate, Client shall execute such further documents and provide such materials and information as may be reasonably requested by such Citibank Affiliate to facilitate the opening and maintenance of the Custody Account and Client Deposit Account with such Citibank Affiliate.
The Bank shall also, subject to restrictions under applicable law, seek to obtain from any entity with which the Bank maintains the physical possession of any of the Property in the Custody Account and the Client Deposit Account, such records of the Custody Account or the Client Deposit Account as may be required by the Client or its agents in connection with an internal examination by the Client of its own affairs.
The Client agrees and understands that the Custodian or its agent may disclose information regarding the Custody Account and/or the Client Deposit Account if required to do so by any court order or similar process in any relevant jurisdiction or by order of an authority having power to do so over the Custodian or its agents within the jurisdiction of such court or authority.
Subject to specific Instructions from the Client to the contrary, the Bank is further authorized to debit (after as well as before the date of any termination pursuant to Section 18 hereof) any account of the Client with the Bank, including without limitation the Client Deposit Account, for any amount owing to such Bank from time to time under this Agreement only out of income unless otherwise required by applicable law or regulatory authority.
Unless otherwise agreed to by the Bank and the Client, the Bank shall or shall instruct any other entity authorized to hold Property in accordance with Section 12 hereof to, receive or deliver Securities and credit or debit the Custody Account or Client Deposit Account, as the case may be, in accordance with Instructions from any Authorized Person.