Common use of Expression Meaning Clause in Contracts

Expression Meaning. “Administrator Designated Client Account” An account for any of the syndicate investors operated by the Administrator with The Royal Bank of Scotland or such other bank as the Client may direct from time to time, and in respect of Discretionary Portfolio Services, having trust status; “Administrator Services” the safe custody, nominee and administrative services set out in Clause 2.2, excluding only the Facilitation Services;