FDIC INSURED DEPOSIT PROGRAM Clause Samples

FDIC INSURED DEPOSIT PROGRAM. Upon establishment of your new account, and all subsequent account(s) opened for you by Woodbury Financial, free credit balances in (i) all retail brokerage accounts, and (ii) Individual Retirement Accounts (IRAs) held with Pershing, will be automatically swept into the FDIC Insured Deposit Program (via a “deposit account”). By executing the Client Signature Page of the Customer Agreement, you appoint Woodbury Financial’s clearing firm, Pershing, as your authorized agent to establish and maintain on your behalf a deposit account with one or more banks participating in the program (“Program Banks”), which are all FDIC insured depository institutions. To view a list of Program Banks and current program interest rates, please visit the Woodbury Financial website, at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ – Click on “Disclosures” and then one of the three categories offered in the FDIC Insured Deposit Program, as described below. You may also contact your Financial Advisor, or contact Woodbury Financial, at (▇▇▇) ▇▇▇-▇▇▇▇ to obtain this information.
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FDIC INSURED DEPOSIT PROGRAM. Upon establishment of your new account, and all subsequent account(s) opened for you by Royal Alliance, free credit balances in (i) all retail brokerage accounts, and (ii) Individual Retirement Accounts (IRAs) held with Pershing or SunAmerica Trust Company (“STC”), will be automatically swept into the FDIC Insured Deposit Program (via a “deposit account”). By executing the Client Signature Page of the Customer Agreement, you appoint Royal Alliance’s clearing firm, Pershing, as your authorized agent to establish and maintain on your behalf a deposit account with one or more banks participating in the program (“Program Banks”), which are all FDIC insured depository institutions. To view a list of Program Banks and current program interest rates, please visit the Royal Alliance website, at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ – Click on “Disclosures” and then one of the three categories offered in the FDIC Insured Deposit Program, as described below. You may also contact your Financial Advisor, or contact Royal Alliance, at (▇▇▇) ▇▇▇-▇▇▇▇ to obtain this information.
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FDIC INSURED DEPOSIT PROGRAM. Upon establishment of your new account, and all subsequent account(s) opened for you by Royal Alliance, free credit balances in (i) all retail brokerage accounts, and
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Related to FDIC INSURED DEPOSIT PROGRAM

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Florida Authorized Insurers All insurance shall be with insurers authorized and eligible to transact the applicable line of insurance business in the State of Florida. The Contractor shall provide Certification(s) of Insurance evidencing that all appropriate coverage is in place and showing the Department to be an additional insured.

  • Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.

  • Pool Insurance Compliance Notwithstanding any other provision of this Agreement, the Servicer shall at all times comply with all applicable Pool Insurance policy requirements so as to assure the full benefit of such Pool Insurance policy to the Trustee.

  • Master Servicer Fidelity Bond and Master Servicer Errors and Omissions Insurance Policy (a) The Master Servicer, at its expense, shall maintain in effect a Fidelity Bond and an Errors and Omissions Insurance Policy, affording coverage with respect to all directors, officers, employees and other Persons acting on such Master Servicer’s behalf, and covering errors and omissions in the performance of the Master Servicer’s obligations hereunder. The Errors and Omissions Insurance Policy and the Fidelity Bond shall be in such form and amount that would meet the requirements of FNMA or FHLMC if it were the purchaser of the Mortgage Loans. The Master Servicer shall (i) require each Servicer to maintain an Errors and Omissions Insurance Policy and a Fidelity Bond in accordance with the provisions of the applicable Servicing Agreement, (ii) cause each Servicer to provide to the Master Servicer certificates evidencing that such policy and bond is in effect and to furnish to the Master Servicer any notice of cancellation, non-renewal or modification of the policy or bond received by it, as and to the extent provided in the applicable Servicing Agreement, and (iii) furnish copies of the certificates and notices referred to in clause (ii) to the Trustee upon its request. The Fidelity Bond and Errors and Omissions Insurance Policy may be obtained and maintained in blanket form. (b) The Master Servicer shall promptly report to the Trustee any material changes that may occur in the Master Servicer Fidelity Bond or the Master Servicer Errors and Omissions Insurance Policy and shall furnish to the Trustee, on request, certificates evidencing that such bond and insurance policy are in full force and effect. The Master Servicer shall promptly report to the Trustee all cases of embezzlement or fraud, if such events involve funds relating to the Mortgage Loans. The total losses, regardless of whether claims are filed with the applicable insurer or surety, shall be disclosed in such reports together with the amount of such losses covered by insurance. If a bond or insurance claim report is filed with any of such bonding companies or insurers, the Master Servicer shall promptly furnish a copy of such report to the Trustee. Any amounts relating to the Mortgage Loans collected by the Master Servicer under any such bond or policy shall be promptly remitted by the Master Servicer to the Trustee for deposit into the Certificate Account. Any amounts relating to the Mortgage Loans collected by any Servicer under any such bond or policy shall be remitted to the Master Servicer to the extent provided in the applicable Servicing Agreement.