Common use of Appointment; Establishment of Accounts Clause in Contracts

Appointment; Establishment of Accounts. The Group hereby appoints the Bank as its agent for the term of this Agreement to perform on behalf of each Fund the cash management services set forth herein and in Schedules I and II attached hereto and made a part hereof (as such Schedules may be amended or supplemented from time to time by mutual agreement) which are selected by the Group from time to time. The Bank hereby accepts appointment as such agent and agrees to establish and maintain one or more Accounts and/or Omnibus Accounts as the parties shall determine are necessary to receive and disburse money as provided in this Agreement.

Appointment; Establishment of Accounts. The Group hereby appoints the Bank as its agent for the term of this Agreement to perform on behalf of each Fund the cash management services set forth herein and in Schedules I and II attached hereto and made a part hereof (as such Schedules may be amended or supplemented from time to time by mutual agreement) which are selected by the Group from time to time. The Bank hereby accepts appointment as such agent and agrees to establish and maintain one or more Accounts and/or Omnibus Accounts as the parties shall determine are necessary to receive and disburse money as provided in this Agreement.and/or