Compensating Balances. The Custodian may compensate a Fund for any interest earned by the Custodian on uninvested cash balances maintained in a Fund's account pursuant to the Overdraft and Compensating Balances Procedures. The Custodian shall maintain records, or provide the Fund with such records, sufficient to identify payments made pursuant to this section, and the uninvested cash balance and interest earned on such balance that prompted the compensating balances payment.
Appears in 5 contracts
Samples: Custodian Agreement (Strong Advantage Fund Inc), Custody Agreement (Wells Fargo Funds Trust), Custody Agreement (Wells Fargo Variable Trust)
Compensating Balances. The Custodian may compensate a Fund for any interest earned by the Custodian on uninvested cash balances maintained in a Fund's ’s account pursuant to the Overdraft and Compensating Balances Procedures. The Custodian shall maintain records, or provide the Fund with such records, sufficient to identify payments made pursuant to this section, and the uninvested cash balance and interest earned on such balance that prompted the compensating balances payment.
Appears in 3 contracts
Samples: Custody Agreement (Wells Fargo Variable Trust), Custody Agreement (Wells Fargo Funds Trust), Custody Agreement (Wells Fargo Funds Trust)
