Insured Account definition
Examples of Insured Account in a sentence
The Client understands and agrees that SALI will effect, to the extent permitted by applicable law, temporary “sweep transactions of all uninvested cash balances in the Account to a money market fund (the “fund”) or FDIC Insured Account.
Unless the Parties mutually agree in writing otherwise, any such transfer, grant or permission shall be made or given without payment (a) by Federated of any additional compensation to Alliance, any Alliance Fund, any Investment Company or Insured Account, or any Affiliated Person of any of them or (b) by Alliance, any Alliance Fund, any Investment Company or Insured Account of any Affiliated Person of any of them to any other Person.
To Alliance’s Knowledge (with regard to any duty of inquiry), each Insured Account has complied, and is in compliance, in all material respects with the terms and conditions of its Governing Documents.
Alliance does not have Knowledge (with regard to any duty of inquiry) of any information that is reasonably likely to result in any material non-compliance with Applicable Law by an Insured Account.
All applicable Alliance Consents for Alliance Fund Assets transferring to a Surviving Fund, Acquired Assets transferring to Federated and Insured Account assets transferring as contemplated in this Agreement on the First Closing Date and any applicable Federated Consents for Federated, the Surviving Funds and the Federated Investment Companies shall have been obtained prior to the First Closing Date and shall remain in full force and effect as of the First Closing Date.
Because the Active Assets(R) money funds and Insured Account are integral components of the Active Assets(R) program, all such funds will also be liquidated and transferred (at no charge)to the standard Dean ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇urities account in the form of free credit balances.
However, in the event Payment is not made to You for Covered Services rendered to a Covered Person of a Self- Insured Account, You may pursue any legal remedy available outside of this Agreement for collection of Your charges.