FBO Account Sample Clauses

FBO Account. While the Funds are in the FBO Account, the applicable Financial Institution may combine such Funds with the funds of other Debtors. User agrees that User will not receive interest or other earnings on the Funds. In consideration for use of the Service, User irrevocably transfers and assigns to TFS any ownership right that User may have in any interest or other earnings that may accrue or be paid on the Funds in the FBO Account. This assignment applies only to such interest and other earnings, and nothing in this Agreement grants TFS any ownership right to the principal of the Funds held in the FBO Account.