Common use of Omnibus Accounts Clause in Contracts

Omnibus Accounts. You may instruct FIIOC to register purchased shares in your name and account as nominee for your customers. If you hold Portfolio shares as nominee for your customers, you agree to administer and maintain such account so that the terms and conditions of the Prospectus, including but not limited to those set forth below, apply to each customer, subject to such procedures, including the Omnibus Requirements attached hereto as Schedule C, that we and/or FIIOC may from time to time issue to you. You further agree to notify us, in advance, of any new omnibus accounts opened by you. We reserve the right, at our discretion, to verify your compliance with the terms and conditions of the Prospectus by inspecting your tracking and accounting system or otherwise.

Appears in 4 contracts

Samples: Bank Agency Agreement (Fidelity Greenwood Street Trust), Selling Agreement (Fidelity Greenwood Street Trust), Bank Agency Agreement (Fidelity Hereford Street Trust)

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