Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction, including standing Instructions for Principal Accounts to participate in a BBH&Co. cash management vehicle. Notwithstanding anything in this Agreement to the contrary, the Fund shall be liable as principal for any overdrafts occurring in any cash accounts.
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Trust maintains Investments or in such other currencies as the Trust shall from time to time request by Instruction.
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Trust or a Fund maintain Investments or in such other currencies as the Trust, on behalf of the Funds, shall from time to time request by Instruction, including standing Instructions for Principal Accounts to participate in a BBH&Co. cash management vehicle. Notwithstanding any in this Agreement to the contrary, the Trust shall be liable as principal for any overdrafts occurring in its cash accounts.
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, each of the Trust and each Company hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Trust or Company maintains Investments or in such other currencies as the Trust or Company shall from time to time request by Instruction. Notwithstanding anything in this Agreement to the contrary, the Trust or Company shall be liable as principal for any overdrafts occurring in any cash accounts.
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts for the benefit of the Fund in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction, including standing Instructions for Principal Accounts to participate in a BBH&Co. cash management vehicle. Notwithstanding anything in this Agreement to the contrary, the Fund shall be liable as principal for any overdrafts occurring in any such cash accounts. In addition, notwithstanding anything in this Agreement to the contrary, all cash accounts established pursuant to this Agreement shall be subject only to draft or order by the Custodian or Subcustodian acting in accordance with the terms and conditions hereof and, except as expressly referenced in Section 7.1 below, shall be separate accounts held in the name of the Fund.
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, the Client hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Client shall from time to time request by Instruction.
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, the Trust hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Trust maintains Investments or in such other currencies as the Trust shall from time to time request by Instruction. Notwithstanding anything in this Agreement to the contrary, the Trust shall be liable as principal for any overdrafts occurring in any cash accounts (except to the extent that such overdrafts are caused directly by or resulting directly from the negligence, bad faith or willful misconduct of the Custodian).
Cash Accounts, Deposits and Money Movements. Subject to the terms and conditions set forth in this Section 7, the Trust and the Managing Owner each hereby authorize the Custodian to open and maintain on behalf of each Fund, with itself, or with a Sub-Custodian US dollar cash accounts and Canadian dollar cash accounts, or in such other cash account(s) to hold other currencies, as the Managing Owner shall from time to time request by Instruction, as shall be acceptable to the Custodian.
