Examples of Subscription Accounts in a sentence
The Subcustodian shall, for the benefit of the Custodian, AFS and the Funds, use the same care with respect to the handling of the Funds' assets in the Subscription Accounts as it uses with respect to its own assets similarly held.
Upon termination of this Agreement, the Subcustodian shall promptly make delivery of all assets of the Funds held in the Subscription Accounts to the Custodian or any third party, qualified to act as a custodian pursuant to the rules and regulations of the Investment Company Act of 1940, as amended, specified by the Custodian in writing.
The Subcustodian will not refuse any reasonable request for inspection and audit of its books and records concerning transactions and balances of the Subscription Accounts by an agent of any Fund, AFS or the Custodian.
The Subcustodian shall furnish to AFS (i) prompt telephonic and written notice of Return Items, (ii) monthly reports on activity in each of the Subscription Accounts mailed within five (5) days after the end of each calendar month and (iii) a daily statement of activity in each of the Subscription Accounts, which will be made available via the MicroLink balance reporting service.
The Subcustodian agrees that it will comply with the instructions of AFS so long as the instructions do not require the transfer of funds in an amount in excess of the aggregate of the ledger balances in the Subscription Accounts in question and the Subcustodian is not prohibited from making the transfer by applicable law or regulation.
The Subcustodian shall maintain custodian accounts for the Funds ("Subscription Accounts").
The books and records pertaining to the Subscription Accounts which are in the possession of the Subcustodian shall be preserved by the Subcustodian for six years, the first two years of which the books and records shall be maintained by the Subcustodian in an easily accessible place.
Intermediary will ensure that all Orders are dated and time stamped when received by Intermediary or any Indirect Intermediary (except with respect to Subscription Accounts).
Upon termination, the Custodian shall make delivery of all Fund assets held in the Subscription Accounts within two business days from receipt of notice of termination to the third party specified by the Transfer Agent in writing.
The Custodian agrees to maintain one or more custodial accounts ("Subscription Accounts") for one of the series of the Company, the USAA EXTENDED MARKET INDEX FUND (the "Fund"), in which checks ("Subscription Checks") issued in payment for purchases of Fund shares shall be deposited by USAA Transfer Agency Company d/b/a USAA Shareholder Account Services ("Transfer Agent"), transfer agent of the Fund.