FUTURES; OPTIONS; SEGREGATED ACCOUNTS Sample Clauses

FUTURES; OPTIONS; SEGREGATED ACCOUNTS. Upon the receipt of Proper Instructions and the execution of any agreements relating to margin in respect of a Derivative Instrument or Commodity ("Margin Agreements"), to establish and maintain on its books a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or securities of the Fund in accordance with the terms of such Margin Agreements and any Proper Instructions ("Segregated Accounts").
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FUTURES; OPTIONS; SEGREGATED ACCOUNTS. Upon the receipt of Proper Instructions and the execution of any agreements relating to margin in respect of a Derivative Instrument or Commodity ("Margin Agreements"), to establish and maintain on its books a segregated account or accounts for and on behalf of the Portfolio, into which account or accounts may be transferred cash and/or securities of the Portfolio in accordance with the terms of such Margin Agreements and any Proper Instructions ("Segregated Accounts").
Sample 1
FUTURES; OPTIONS; SEGREGATED ACCOUNTS. Upon the receipt of Proper Instructions and the execution of any agreements relating to margin in respect of a Derivative Instrument or Commodity (“Margin Agreements”), to establish and maintain on its books a segregated account or accounts for and on behalf of any Portfolio, into which account or accounts may be transferred cash and/or securities of the Portfolio in accordance with the terms of such Margin Agreements and any Proper Instructions (“Segregated Accounts”). Upon receipt of Proper Instructions or upon receipt of instructions given pursuant to any Margin Agreement, or pursuant to the terms of such Agreement, the Custodian shall (i) receive and retain, to the extent the same are provided to the Custodian, confirmations or other documents evidencing the purchase or sale of such Derivative Instruments or Commodities by the Portfolio; (ii) deposit and maintain, pursuant to a Margin Agreement, in a segregated account, either physically or by book-entry in a Securities Depository, for the benefit of any futures commission merchant (“Margin Account”), or pay pursuant to Proper Instructions to such futures commission merchant, securities, cash or other assets designated by the Portfolio as initial, maintenance or variation “margin” deposits or other collateral intended to secure the Portfolio’s performance of its obligations under the terms of any Derivative Instruments and Commodities, in accordance with the provisions of any Margin Agreement relating thereto; and (iii) pay, release and/or transfer securities, cash or other assets into or out of such Margin Accounts only in accordance with any such agreement. The Custodian shall not be responsible for the sufficiency of assets held in any segregated account established in compliance with applicable margin maintenance requirements or for the performance of the other terms of any agreement relating to a Derivative Instrument or Commodity. Notwithstanding anything in this Agreement to the contrary, the Portfolio agrees that the Custodian’s responsibility for any Derivative Instruments and Commodities shall be limited to the exercise of reasonable care with respect to any confirmations or other documents evidencing the purchase or sale of such Derivative Instrument by the Portfolio which the Custodian receives.
Sample 1

Related to FUTURES; OPTIONS; SEGREGATED ACCOUNTS

  • Segregated Accounts Upon receipt of Proper Instructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or Securities, including Securities maintained in a Depository Account:

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Special Accounts 1. For the purposes of this Schedule:

  • Deposit Account Transactions (a) The Bank or its Subcustodians will make payments from the Deposit Account upon receipt of Instructions which include all information required by the Bank.

  • New Accounts Contractor may ask State Agencies and other Authorized Users to provide information in order to facilitate the opening of a customer account, including documentation of eligibility to use New York State Contracts, agency code, name, address, and contact person. State Agencies shall not be required to provide credit references.

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