Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) of each series of the Fund shall collectively constitute a single and indivisible current account with respect to the series' obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the series' obligations under this Section 7.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) shall collectively constitute a single and indivisible current account with respect to a Portfolio's obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Portfolio's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn. For the avoidance of doubt, it is acknowledged and agreed that under no circumstances shall the assets of one Portfolio be used to satisfy the debts or obligations of any other Portfolio of the Fund.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) with respect to the Fund or a Portfolio shall collectively constitute a single and indivisible current account with respect to the Fund or the Portfolio’s obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Fund or Portfolio’s respective obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder with respect to the Fund or a Portfolio to the extent that the aggregate of all Principal Accounts with respect to the Fund or Portfolio, respectively, is overdrawn.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts for each Fund (whether or not denominated in Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund’s obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Fund’s obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn. For avoidance of doubt, “Fund” as used herein means each series listed on Appendix A, severally and not jointly.
Integrated Account. In the event that the Fund fails to promptly repay any Advances made pursuant to Section 7.6, deposits maintained in all Principal Accounts (whether or not denominated in United States Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn.
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in U.S. Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn; provided however, any balance offsets under this Section 7.7 shall be applied so that such balance offsets shall apply only to each respective Series and not to any other Series. The deposits maintained in all Principal Accounts and any Agency Account shall belong to each respective Series and not to any other Series.
Integrated Account. (a) (Applicable if your Card is an HSBC Premier MasterCard credit card issued to you by us or any other member of the HSBC Group)
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts
Integrated Account. For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in the United States Dollar) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian, or its assignee, and balances in such Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn. With respect to obligations and liabilities which occur to each series under the Fund, such obligations and liabilities shall apply only to the respective series and not to any other series under the Fund.
