{"component": "clause", "props": {"groups": [{"snippet": "The Trust is responsible for maintaining an appropriate level of short term cash investments to accommodate cash outflows. The Trust may obtain a formal line of credit for potential overdrafts of its custody account. In the event of an overdraft or in the event the line of credit is insufficient to cover an overdraft, the overdraft amount or the overdraft amount that exceeds the line of credit will be charged in accordance with the fee schedule set forth on Exhibit C hereto (as amended from time to time)", "samples": [{"hash": "ihsMhpAq1gi", "uri": "/contracts/ihsMhpAq1gi#overdrafts", "label": "Custody Agreement (Monetta Trust)", "score": 37.3039016724, "published": true}, {"hash": "gF2x5Mqsg1A", "uri": "/contracts/gF2x5Mqsg1A#overdrafts", "label": "Custody Agreement (CoinShares XRP ETF)", "score": 36.7837104797, "published": true}, {"hash": "cyhxpop6Dy0", "uri": "/contracts/cyhxpop6Dy0#overdrafts", "label": "Custody Agreement (Monetta Trust)", "score": 35.3107452393, "published": true}], "size": 390, "snippet_links": [{"key": "the-trust", "type": "clause", "offset": [0, 9]}, {"key": "responsible-for", "type": "clause", "offset": [13, 28]}, {"key": "an-appropriate", "type": "clause", "offset": [41, 55]}, {"key": "short-term", "type": "clause", "offset": [65, 75]}, {"key": "cash-investments", "type": "definition", "offset": [76, 92]}, {"key": "cash-outflows", "type": "clause", "offset": [108, 121]}, {"key": "a-formal", "type": "clause", "offset": [144, 152]}, {"key": "custody-account", "type": "definition", "offset": [200, 215]}, {"key": "in-the-event-of", "type": "clause", "offset": [217, 232]}, {"key": "the-line-of-credit", "type": "definition", "offset": [262, 280]}, {"key": "overdraft-amount", "type": "definition", "offset": [324, 340]}, {"key": "in-accordance-with", "type": "definition", "offset": [413, 431]}, {"key": "fee-schedule", "type": "definition", "offset": [436, 448]}, {"key": "exhibit-c", "type": "clause", "offset": [462, 471]}, {"key": "as-amended", "type": "definition", "offset": [480, 490]}, {"key": "from-time-to-time", "type": "clause", "offset": [491, 508]}], "hash": "7b059c350e73120f4306c47aaea7583c", "id": 1}, {"snippet": "The Client must maintain sufficient funds in the Cash Accounts to settle all transactions in the applicable currencies in a timely manner. The Custodian or its Subcustodians may, but are not required to, extend credit under this Agreement. The Custodian reserves the right to decline to process any Proper Instruction or settle any transaction that would result in an overdraft of the Cash Account. If an overdraft arises in the Cash Account, the Client agrees to repay the principal amount of the overdraft upon demand by the Custodian or within five Business Days, whichever is earlier, plus any applicable overdraft fees and interest on the principal overdraft.", "samples": [{"hash": "3oWmd5WJQKE", "uri": "/contracts/3oWmd5WJQKE#overdrafts", "label": "Custody Agreement (Strategic Trust)", "score": 36.1375770569, "published": true}, {"hash": "fLp5w5JhYvF", "uri": "/contracts/fLp5w5JhYvF#overdrafts", "label": "Custodian Agreement (New Mountain Private Credit Fund)", "score": 35.8911705017, "published": true}, {"hash": "1eAADjqcXNw", "uri": "/contracts/1eAADjqcXNw#overdrafts", "label": "Custody Agreement (Diamond Hill Securitized Credit Fund)", "score": 35.661190033, "published": true}], "size": 82, "snippet_links": [{"key": "the-client-must", "type": "clause", "offset": [0, 15]}, {"key": "funds-in", "type": "definition", "offset": [36, 44]}, {"key": "cash-accounts", "type": "clause", "offset": [49, 62]}, {"key": "all-transactions", "type": "clause", "offset": [73, 89]}, {"key": "applicable-currencies", "type": "definition", "offset": [97, 118]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [119, 137]}, {"key": "the-custodian", "type": "definition", "offset": [139, 152]}, {"key": "not-required", "type": "definition", "offset": [187, 199]}, {"key": "this-agreement", "type": "clause", "offset": [224, 238]}, {"key": "right-to-decline", "type": "clause", "offset": [267, 283]}, {"key": "proper-instruction", "type": "clause", "offset": [299, 317]}, {"key": "to-repay", "type": "clause", "offset": [461, 469]}, {"key": "the-principal-amount", "type": "definition", "offset": [470, 490]}, {"key": "upon-demand", "type": "clause", "offset": [508, 519]}, {"key": "business-days", "type": "clause", "offset": [552, 565]}, {"key": "interest-on-the-principal", "type": "definition", "offset": [628, 653]}], "hash": "969354bc3005c988b4bb4fe5c5696a3e", "id": 5}, {"snippet": "If a debit to any currency in the Cash Account results in a debit balance in that currency then Bank may, in its discretion, advance an amount equal to the overdraft and such an advance shall be deemed a loan to Customer, payable on demand, bearing interest at the rate agreed by Customer and Bank for the Accounts from time to time, or, in the absence of such an agreement, at the rate charged by Bank from time to time, for overdrafts incurred by customers similar to Customer, from the date of such advance to the date of payment (both after as well as before judgment) and otherwise on the terms on which Bank makes similar advances available from time to time. Bank shall promptly notify Customer of such an advance. No prior action or course of dealing on Bank's part with respect to the settlement of transactions on Customer's behalf shall be asserted by Customer against Bank for Bank's refusal to make advances to the Cash Account or to settle any transaction for which Customer does not have sufficient available funds in the applicable currency in the Account.", "samples": [{"hash": "kH2Z8C5eigW", "uri": "/contracts/kH2Z8C5eigW#overdrafts", "label": "Global Custody Agreement (Vanguard Fixed Income Securities Funds)", "score": 35.3928833008, "published": true}, {"hash": "iEsNcsZDWyD", "uri": "/contracts/iEsNcsZDWyD#overdrafts", "label": "Global Custody Agreement (Vanguard Specialized Funds)", "score": 35.3928833008, "published": true}, {"hash": "lWVbnreBoAl", "uri": "/contracts/lWVbnreBoAl#overdrafts", "label": "Global Custody Agreement (Vanguard Valley Forge Funds)", "score": 35.3162231445, "published": true}], "size": 191, "snippet_links": [{"key": "cash-account", "type": "definition", "offset": [34, 46]}, {"key": "debit-balance", "type": "definition", "offset": [60, 73]}, {"key": "in-its-discretion", "type": "clause", "offset": [106, 123]}, {"key": "equal-to", "type": "definition", "offset": [143, 151]}, {"key": "a-loan", "type": "definition", "offset": [202, 208]}, {"key": "to-customer", "type": "clause", "offset": [209, 220]}, {"key": "payable-on-demand", "type": "definition", "offset": [222, 239]}, {"key": "the-rate", "type": "clause", "offset": [261, 269]}, {"key": "agreed-by", "type": "definition", "offset": [270, 279]}, {"key": "the-accounts", "type": "clause", "offset": [302, 314]}, {"key": "from-time-to-time", "type": "clause", "offset": [315, 332]}, {"key": "an-agreement", "type": "clause", "offset": [361, 373]}, {"key": "by-bank", "type": "clause", "offset": [395, 402]}, {"key": "by-customers", "type": "clause", "offset": [446, 458]}, {"key": "similar-to", "type": "definition", "offset": [459, 469]}, {"key": "date-of-payment", "type": "definition", "offset": [517, 532]}, {"key": "the-terms", "type": "clause", "offset": [590, 599]}, {"key": "promptly-notify", "type": "definition", "offset": [677, 692]}, {"key": "prior-action", "type": "definition", "offset": [725, 737]}, {"key": "course-of-dealing", "type": "clause", "offset": [741, 758]}, {"key": "with-respect-to", "type": "clause", "offset": [774, 789]}, {"key": "settlement-of-transactions", "type": "clause", "offset": [794, 820]}, {"key": "for-bank", "type": "clause", "offset": [885, 893]}, {"key": "make-advances", "type": "clause", "offset": [907, 920]}, {"key": "funds-in", "type": "definition", "offset": [1024, 1032]}, {"key": "applicable-currency", "type": "clause", "offset": [1037, 1056]}], "hash": "81407e914f742021b9c9797818a25e6d", "id": 3}, {"snippet": "The Fund is responsible for maintaining an appropriate level of short term cash investments to accommodate cash outflows. The Fund may obtain a formal line of credit for potential overdrafts of its custody account. In the event of an overdraft or in the event the line of credit is insufficient to cover an overdraft, the overdraft amount or the overdraft amount that exceeds the line of credit will be charged in accordance with the fee schedule set forth on Exhibit A hereto (as amended from time to time)", "samples": [{"hash": "9GyHxnlai7C", "uri": "/contracts/9GyHxnlai7C#overdrafts", "label": "Custody Agreement (RBC BlueBay Enhanced Income Fund)", "score": 37.3203277588, "published": true}, {"hash": "8HHBtqo9wxs", "uri": "/contracts/8HHBtqo9wxs#overdrafts", "label": "Custody Agreement (Regan Capital Alternative Income Fund)", "score": 37.306640625, "published": true}, {"hash": "6g9JJYhbF0E", "uri": "/contracts/6g9JJYhbF0E#overdrafts", "label": "Custody Agreement (Tap US Private Equity Fund of Funds)", "score": 37.3011627197, "published": true}], "size": 192, "snippet_links": [{"key": "the-fund", "type": "clause", "offset": [0, 8]}, {"key": "responsible-for", "type": "clause", "offset": [12, 27]}, {"key": "an-appropriate", "type": "clause", "offset": [40, 54]}, {"key": "short-term", "type": "clause", "offset": [64, 74]}, {"key": "cash-investments", "type": "definition", "offset": [75, 91]}, {"key": "cash-outflows", "type": "clause", "offset": [107, 120]}, {"key": "a-formal", "type": "clause", "offset": [142, 150]}, {"key": "custody-account", "type": "definition", "offset": [198, 213]}, {"key": "in-the-event-of", "type": "clause", "offset": [215, 230]}, {"key": "the-line-of-credit", "type": "definition", "offset": [260, 278]}, {"key": "overdraft-amount", "type": "definition", "offset": [322, 338]}, {"key": "in-accordance-with", "type": "definition", "offset": [411, 429]}, {"key": "fee-schedule", "type": "definition", "offset": [434, 446]}, {"key": "exhibit-a", "type": "clause", "offset": [460, 469]}, {"key": "as-amended", "type": "definition", "offset": [478, 488]}, {"key": "from-time-to-time", "type": "clause", "offset": [489, 506]}], "hash": "77136d8ddec4cf986d72ff6fde0ccce7", "id": 2}, {"snippet": "If any Item or other debit presented to us will overdraw the available account balance, including any balance in an overdraft protection account (\"ODP Account\") we have established for you, we will charge you a fee, whether we pay the Item or dishonor it. You agree immediately upon notice from us to deposit funds sufficient to cover the overdraft plus applicable charges. In connection with overdrafts, our determination of the Deposit Account balance may be made at any time between presentment and our predetermined deadline, and need only be made one time. If we pay Items or permit withdrawals which overdraw the available Deposit Account balance (whether once or repeatedly), we do so at our discretion without any obligation to continue to do so. Our Receipt of Deposits In receiving deposits, we act only as your collecting agent and assume no responsibility beyond the exercise of ordinary care. All deposits are posted to your designated deposit account conditionally, and only if the item is payable in U.S. dollars, subject to our receipt of final payment. If final payment is not received on any item you deposited to your account or that we cashed for you, or if any direct deposit, automated clearinghouse deposit or electronic fund transfer to your account is dishonored by the issuing financial institution for any reason, you agree to pay us the amount of the dishonored deposited funds, and you authorize us to debit any deposit account with us of which you are an owner, without prior notice and at any time, for the amount of the returned item or other deposit. You also authorize us to debit your account for the amount of our returned item fee, any interest paid on the deposit, and any other fee we pay or loss we incur. We may also use any other legal remedy to recover the amount you owe us. We are not responsible for any transactions, including any transactions sent through the mail, until we actually receive and post the transaction to your account. We are not liable for the default or negligence of our duly selected agents or correspondents, nor for losses in transit. Processing Transactions and Posting Orders Posting transactions to your account impacts your account balance. Posting a credit increases your balance. Posting a debit or hold reduces your balance. Credits include but are not limited to the following: teller deposits, direct deposits and credits we make. Holds include but are not limited to the following: deposit holds, debit card authorizations, and holds related to cash withdrawals and electronic transfers. Debits include withdrawals, transfers, payments, checks, one-time and recurring debit card transactions, and fees. We use automated systems to process transactions and then to post transactions to accounts. When we process multiple transactions for your account on the same day, you agree that we may in our discretion determine our posting orders for the transactions and that we may credit, authorize, accept, pay, decline or return credits, debits and holds in any order at our option. Posting Orders This section summarizes how we generally post some common transactions to your account. We group the different types of transactions into categories. We use several different categories for holds, credits, and debits. Most categories include more than one transaction type. After the end of the business day, our automated systems assign each transaction received for that day to a category. We generally post all transactions within a category, using the posting order or orders that apply to that category, before we post any transactions assigned to the next category. We start with the balance in your account at the beginning of the business day, subtract holds from your balance, and make any adjustments from prior days. Next, we generally add credits to your balance and then subtract debits from your balance. Changing Posting Orders You agree that we may determine in our discretion the orders in which we post transactions to your account. You agree that we may determine in our discretion the categories, the transactions within a category, the order among categories, and the posting orders within a category. We sometimes add or delete categories, change posting orders within categories and move transaction types among categories. You agree that we may in our discretion make these changes at any time without notice to you. Posting Orders Determined at End of Day We receive credits, debits and holds throughout the day. Regardless of when during the day we receive transactions for your account, you agree that we may treat them as if we received all transactions at the same time at the end of the business day. During the day, we show some transactions as processing. As an example, we show some transactions as processing on the Account Details screen in Online Banking. Please note that transactions shown as processing have not been posted yet. The posting order for these transactions is determined at the end of the day, with the other transactions we receive for that day. You should note that often we do not receive debits on the same day that you conduct them. As an example, when you use your debit card to pay for a purchase at a merchant and sign for the transaction, we usually receive an authorization request from the merchant the same day, but we might not receive the final debit card transaction for payment and posting until several days later. We generally post credits and debits to your account, and report them on your statement, in a different order than the order in which you conduct them or we receive them.", "samples": [{"hash": "e8JtLNqvZjC", "uri": "/contracts/e8JtLNqvZjC#overdrafts", "label": "Personal Deposit Account Agreement", "score": 25.4750175476, "published": true}, {"hash": "jSYEqyQlspM", "uri": "/contracts/jSYEqyQlspM#overdrafts", "label": "Personal Deposit Account Agreement", "score": 25.4175224304, "published": true}, {"hash": "542DdNStsQr", "uri": "/contracts/542DdNStsQr#overdrafts", "label": "Personal Deposit Account Agreement", "score": 25.3887748718, "published": true}], "size": 104, "snippet_links": [{"key": "other-debit", "type": "definition", "offset": [15, 26]}, {"key": "presented-to", "type": "definition", "offset": [27, 39]}, {"key": "available-account-balance", "type": "definition", "offset": [61, 86]}, {"key": "protection-account", "type": "definition", "offset": [126, 144]}, {"key": "we-pay", "type": "clause", "offset": [224, 230]}, {"key": "upon-notice", "type": "definition", "offset": [278, 289]}, {"key": "deposit-funds", "type": "definition", "offset": [301, 314]}, {"key": "applicable-charges", "type": "definition", "offset": [354, 372]}, {"key": "in-connection-with", "type": "clause", "offset": [374, 392]}, {"key": "deposit-account-balance", "type": "definition", "offset": [430, 453]}, {"key": "at-any-time", "type": "clause", "offset": [466, 477]}, {"key": "pay-items", "type": "clause", "offset": [568, 577]}, {"key": "our-discretion", "type": "clause", "offset": [695, 709]}, {"key": "obligation-to-continue", "type": "clause", "offset": [722, 744]}, {"key": "our-receipt-of-deposits", "type": "clause", "offset": [755, 778]}, {"key": "collecting-agent", "type": "clause", "offset": [822, 838]}, {"key": "no-responsibility", "type": "clause", "offset": [850, 867]}, {"key": "exercise-of", "type": "clause", "offset": [879, 890]}, {"key": "ordinary-care", "type": "clause", "offset": [891, 904]}, {"key": "designated-deposit-account", "type": "definition", "offset": [938, 964]}, {"key": "subject-to", "type": "definition", "offset": [1029, 1039]}, {"key": "final-payment", "type": "clause", "offset": [1055, 1068]}, {"key": "received-on", "type": "clause", "offset": [1094, 1105]}, {"key": "automated-clearinghouse", "type": "clause", "offset": [1198, 1221]}, {"key": "transfer-to", "type": "definition", "offset": [1249, 1260]}, {"key": "financial-institution", "type": "definition", "offset": [1303, 1324]}, {"key": "for-any-reason", "type": "clause", "offset": [1325, 1339]}, {"key": "you-agree-to-pay-us", "type": "clause", "offset": [1341, 1360]}, {"key": "deposited-funds", "type": "definition", "offset": [1390, 1405]}, {"key": "authorize-us-to", "type": "clause", "offset": [1415, 1430]}, {"key": "account-with", "type": "definition", "offset": [1449, 1461]}, {"key": "an-owner", "type": "clause", "offset": [1482, 1490]}, {"key": "without-prior-notice", "type": "clause", "offset": [1492, 1512]}, {"key": "account-for-the", "type": "clause", "offset": [1620, 1635]}, {"key": "returned-item-fee", "type": "clause", "offset": [1650, 1667]}, {"key": "interest-paid", "type": "clause", "offset": [1673, 1686]}, {"key": "other-fee", "type": "definition", "offset": [1711, 1720]}, {"key": "legal-remedy", "type": "clause", "offset": [1772, 1784]}, {"key": "responsible-for", "type": "clause", "offset": [1830, 1845]}, {"key": "not-liable", "type": "clause", "offset": [1989, 1999]}, {"key": "processing-transactions", "type": "definition", "offset": [2104, 2127]}, {"key": "transactions-to-your-account", "type": "clause", "offset": [2155, 2183]}, {"key": "your-account-balance", "type": "clause", "offset": [2192, 2212]}, {"key": "a-credit", "type": "definition", "offset": [2222, 2230]}, {"key": "your-balance", "type": "clause", "offset": [2241, 2253]}, {"key": "not-limited", "type": "clause", "offset": [2325, 2336]}, {"key": "direct-deposits", "type": "clause", "offset": [2372, 2387]}, {"key": "deposit-holds", "type": "clause", "offset": [2461, 2474]}, {"key": "debit-card-authorizations", "type": "clause", "offset": [2476, 2501]}, {"key": "related-to", "type": "definition", "offset": [2513, 2523]}, {"key": "cash-withdrawals", "type": "clause", "offset": [2524, 2540]}, {"key": "electronic-transfers", "type": "clause", "offset": [2545, 2565]}, {"key": "debit-card-transactions", "type": "definition", "offset": [2647, 2670]}, {"key": "automated-systems", "type": "clause", "offset": [2689, 2706]}, {"key": "same-day", "type": "definition", "offset": [2836, 2844]}, {"key": "the-transactions", "type": "clause", "offset": [2919, 2935]}, {"key": "any-order", "type": "definition", "offset": [3031, 3040]}, {"key": "our-option", "type": "clause", "offset": [3044, 3054]}, {"key": "different-types-of-transactions", "type": "clause", "offset": [3172, 3203]}, {"key": "one-transaction", "type": "clause", "offset": [3323, 3338]}, {"key": "business-day", "type": "definition", "offset": [3366, 3378]}, {"key": "all-transactions", "type": "clause", "offset": [3481, 3497]}, {"key": "the-balance", "type": "clause", "offset": [3657, 3668]}, {"key": "beginning-of-the", "type": "clause", "offset": [3692, 3708]}, {"key": "the-orders", "type": "clause", "offset": [3964, 3974]}, {"key": "transaction-types", "type": "clause", "offset": [4282, 4299]}, {"key": "notice-to-you", "type": "clause", "offset": [4397, 4410]}, {"key": "posting-orders-determined-at-end-of-day", "type": "clause", "offset": [4412, 4451]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [4670, 4687]}, {"key": "an-example", "type": "clause", "offset": [4762, 4772]}, {"key": "account-details", "type": "clause", "offset": [4821, 4836]}, {"key": "online-banking", "type": "clause", "offset": [4847, 4861]}, {"key": "please-note-that", "type": "clause", "offset": [4863, 4879]}, {"key": "end-of-the-day", "type": "definition", "offset": [5001, 5015]}, {"key": "other-transactions", "type": "definition", "offset": [5026, 5044]}, {"key": "pay-for", "type": "definition", "offset": [5208, 5215]}, {"key": "a-purchase", "type": "definition", "offset": [5216, 5226]}, {"key": "authorization-request", "type": "clause", "offset": [5293, 5314]}, {"key": "the-merchant", "type": "definition", "offset": [5320, 5332]}, {"key": "the-final", "type": "clause", "offset": [5372, 5381]}, {"key": "for-payment", "type": "clause", "offset": [5405, 5416]}, {"key": "debits-to-your-account", "type": "clause", "offset": [5485, 5507]}, {"key": "your-statement", "type": "clause", "offset": [5528, 5542]}], "hash": "57e0d9d626456cc6432ef6a2bd44bc2a", "id": 4}, {"snippet": "When you transmit a transfer or payment request to us, you authorize us to charge your account for the amount indicated. If your account does not have sufficient available funds, we may reject the transaction. Our allowance of any overdraft will not obligate us to honor future overdrafts at a later time, and we may refuse to do so without cause or prior notice. We may charge a fee for each payment or transfer request presented against insufficient available funds.", "samples": [{"hash": "5DTTYNHWVgp", "uri": "/contracts/5DTTYNHWVgp#overdrafts", "label": "Cash Management Online Services Agreement", "score": 33.7260627747, "published": true}, {"hash": "4sfniLybWsb", "uri": "/contracts/4sfniLybWsb#overdrafts", "label": "Online Banking Agreement", "score": 33.244140625, "published": true}, {"hash": "iJgZjyzbEua", "uri": "/contracts/iJgZjyzbEua#overdrafts", "label": "Online Business Banking Agreement", "score": 32.6156654358, "published": true}], "size": 32, "snippet_links": [{"key": "payment-request", "type": "clause", "offset": [32, 47]}, {"key": "to-charge", "type": "clause", "offset": [72, 81]}, {"key": "account-for-the", "type": "clause", "offset": [87, 102]}, {"key": "the-transaction", "type": "clause", "offset": [193, 208]}, {"key": "without-cause", "type": "definition", "offset": [333, 346]}, {"key": "prior-notice", "type": "definition", "offset": [350, 362]}, {"key": "transfer-request", "type": "clause", "offset": [404, 420]}, {"key": "insufficient-available-funds", "type": "clause", "offset": [439, 467]}], "hash": "d89763342a4373d94c16daa033467326", "id": 10}, {"snippet": "If a debit to any currency in the Cash Account results (or will result) in a debit balance, then Bank may, in its discretion, (i) advance an amount equal to the overdraft, (ii) or refuse to settle in whole or in part the transaction causing such debit balance, or (iii) if any such transaction is posted to the Securities Account, reverse any such posting. If Bank elects to make such an advance, the advance will be deemed a loan to Customer, payable on demand, bearing interest at the applicable rate charged by Bank from time to time, for such overdrafts, from the date of such advance to the date of payment (both after as well as before judgment) and otherwise on the terms on which Bank makes similar overdrafts available from time to time. No prior action or course of dealing on Bank\u2019s part with respect to the settlement of transactions on Customer\u2019s behalf will be asserted by Customer against Bank for Bank\u2019s refusal to make advances to the Cash Account or to settle any transaction for which Customer does not have sufficient available funds in the applicable currency in the Account.", "samples": [{"hash": "cVciY9gVVJI", "uri": "/contracts/cVciY9gVVJI#overdrafts", "label": "Global Custody Agreement", "score": 29.3408622742, "published": true}, {"hash": "bhcszAVM5dy", "uri": "/contracts/bhcszAVM5dy#overdrafts", "label": "Global Custody and Fund Accounting Agreement (JPMorgan Trust IV)", "score": 27.376455307, "published": true}, {"hash": "feRqkEbLy1j", "uri": "/contracts/feRqkEbLy1j#overdrafts", "label": "Global Custody and Fund Accounting Agreement (JPMorgan Trust III)", "score": 25.7446956635, "published": true}], "size": 67, "snippet_links": [{"key": "cash-account", "type": "definition", "offset": [34, 46]}, {"key": "debit-balance", "type": "definition", "offset": [77, 90]}, {"key": "in-its-discretion", "type": "clause", "offset": [107, 124]}, {"key": "equal-to", "type": "definition", "offset": [148, 156]}, {"key": "the-transaction", "type": "clause", "offset": [217, 232]}, {"key": "the-securities-account", "type": "clause", "offset": [307, 329]}, {"key": "the-advance", "type": "clause", "offset": [397, 408]}, {"key": "a-loan", "type": "definition", "offset": [424, 430]}, {"key": "to-customer", "type": "clause", "offset": [431, 442]}, {"key": "payable-on-demand", "type": "definition", "offset": [444, 461]}, {"key": "applicable-rate", "type": "definition", "offset": [487, 502]}, {"key": "by-bank", "type": "clause", "offset": [511, 518]}, {"key": "from-time-to-time", "type": "clause", "offset": [519, 536]}, {"key": "date-of-payment", "type": "definition", "offset": [596, 611]}, {"key": "the-terms", "type": "clause", "offset": [669, 678]}, {"key": "prior-action", "type": "definition", "offset": [750, 762]}, {"key": "course-of-dealing", "type": "clause", "offset": [766, 783]}, {"key": "with-respect-to", "type": "clause", "offset": [799, 814]}, {"key": "settlement-of-transactions", "type": "clause", "offset": [819, 845]}, {"key": "by-customer", "type": "clause", "offset": [884, 895]}, {"key": "for-bank", "type": "clause", "offset": [909, 917]}, {"key": "make-advances", "type": "clause", "offset": [931, 944]}, {"key": "funds-in", "type": "definition", "offset": [1048, 1056]}, {"key": "applicable-currency", "type": "clause", "offset": [1061, 1080]}, {"key": "the-account", "type": "clause", "offset": [1084, 1095]}], "hash": "4df7d3ef530aa23e0262d783afb40e55", "id": 6}, {"snippet": "The Company is responsible for maintaining an appropriate level of short term cash investments to accommodate cash outflows. The Company may obtain a formal line of credit for potential overdrafts of its custody account. In the event of an overdraft or in the event the line of credit is insufficient to cover an overdraft, the overdraft amount or the overdraft amount that exceeds the line of credit will be charged in accordance with the fee schedule set forth on Exhibit D hereto (as amended from time to time)", "samples": [{"hash": "3hLFsh6m0Gj", "uri": "/contracts/3hLFsh6m0Gj#overdrafts", "label": "Custody Agreement (Angel Oak Funds Trust)", "score": 32.4031486511, "published": true}, {"hash": "eosXZFJ7N6U", "uri": "/contracts/eosXZFJ7N6U#overdrafts", "label": "Custody Agreement (Aegis Value Fund Inc)", "score": 23.9897327423, "published": true}, {"hash": "cufWW84HDto", "uri": "/contracts/cufWW84HDto#overdrafts", "label": "Custody Agreement (Needham Funds Inc)", "score": 22.3223819733, "published": true}], "size": 47, "snippet_links": [{"key": "the-company", "type": "clause", "offset": [0, 11]}, {"key": "responsible-for", "type": "clause", "offset": [15, 30]}, {"key": "an-appropriate", "type": "clause", "offset": [43, 57]}, {"key": "short-term", "type": "clause", "offset": [67, 77]}, {"key": "cash-investments", "type": "definition", "offset": [78, 94]}, {"key": "cash-outflows", "type": "clause", "offset": [110, 123]}, {"key": "a-formal", "type": "clause", "offset": [148, 156]}, {"key": "custody-account", "type": "definition", "offset": [204, 219]}, {"key": "in-the-event-of", "type": "clause", "offset": [221, 236]}, {"key": "the-line-of-credit", "type": "definition", "offset": [266, 284]}, {"key": "overdraft-amount", "type": "definition", "offset": [328, 344]}, {"key": "in-accordance-with", "type": "definition", "offset": [417, 435]}, {"key": "fee-schedule", "type": "definition", "offset": [440, 452]}, {"key": "exhibit-d", "type": "definition", "offset": [466, 475]}, {"key": "as-amended", "type": "definition", "offset": [484, 494]}, {"key": "from-time-to-time", "type": "clause", "offset": [495, 512]}], "hash": "a20808af27130ad41c756088a1f7a699", "id": 7}, {"snippet": "If the Account becomes overdrawn because:\na) the Financial Institution honours an Instrument drawn by the Depositor on an Account and insufficient funds stand to the credit of that Account to pay the Instrument in full; or\nb) an Instrument delivered by the Depositor to the Financial Institution for deposit is returned to the Financial Institution dishonoured, and insufficient funds stand to the credit of the Account to permit the Financial Institution to debit the full amount of the dishonoured Instrument; or\nc) the Financial Institution charges a fee, service charge, or other debit that the Financial Institution is authorized to charge to the Account, and if the funds standing to the credit of the Account are less than the amount charged to the Account; then the Depositor must immediately repay the amount overdrawn plus interest at the Financial Institution\u2019s Overdraft Rate in effect from time to time by depositing sufficient funds into the overdrawn Account. If the Depositor does not immediately repay such amounts the Financial Institution may, in order to recover the overdrawn amount plus interest, and without notice to the Depositor:\ni) redeem or transfer Financial Institution shares owned by the Depositor in order to credit the overdrawn Account, or\nii) withdraw monies on deposit from another Account in the Depositor\u2019s name and transfer them to the overdrawn Account. If the Depositor has applied and been approved for Overdraft Protection on the Account, this section is subject to the separate Overdraft Protection Terms and Conditions that are provided to the Depositor. The foregoing provisions do not give the Depositor any right to overdraw the Account or to authorize or permit anything, including a PAD or a Transaction authorized through a Debit Card, that would result in a negative balance in the Account.", "samples": [{"hash": "ah0ekAtZaAq", "uri": "/contracts/ah0ekAtZaAq#overdrafts", "label": "Personal Contract", "score": 35.0235328674, "published": true}, {"hash": "hdpSRdipJQ4", "uri": "/contracts/hdpSRdipJQ4#overdrafts", "label": "Personal Contract", "score": 33.3756370544, "published": true}, {"hash": "fHLTG2ZTs3F", "uri": "/contracts/fHLTG2ZTs3F#overdrafts", "label": "Personal Contract", "score": 28.9892749786, "published": true}], "size": 46, "snippet_links": [{"key": "the-account", "type": "clause", "offset": [3, 14]}, {"key": "the-financial-institution", "type": "clause", "offset": [45, 70]}, {"key": "the-depositor", "type": "definition", "offset": [102, 115]}, {"key": "insufficient-funds", "type": "definition", "offset": [134, 152]}, {"key": "the-credit", "type": "clause", "offset": [162, 172]}, {"key": "to-pay", "type": "clause", "offset": [189, 195]}, {"key": "the-instrument", "type": "clause", "offset": [196, 210]}, {"key": "institution-charges", "type": "clause", "offset": [532, 551]}, {"key": "service-charge", "type": "definition", "offset": [559, 573]}, {"key": "other-debit", "type": "definition", "offset": [578, 589]}, {"key": "to-charge", "type": "clause", "offset": [635, 644]}, {"key": "the-funds", "type": "clause", "offset": [668, 677]}, {"key": "overdraft-rate", "type": "definition", "offset": [873, 887]}, {"key": "in-effect", "type": "clause", "offset": [888, 897]}, {"key": "from-time-to-time", "type": "clause", "offset": [898, 915]}, {"key": "overdrawn-account", "type": "clause", "offset": [956, 973]}, {"key": "in-order-to", "type": "clause", "offset": [1063, 1074]}, {"key": "overdrawn-amount", "type": "definition", "offset": [1087, 1103]}, {"key": "notice-to-the", "type": "clause", "offset": [1131, 1144]}, {"key": "owned-by", "type": "definition", "offset": [1207, 1215]}, {"key": "on-deposit", "type": "definition", "offset": [1295, 1305]}, {"key": "overdraft-protection", "type": "definition", "offset": [1446, 1466]}, {"key": "subject-to-the", "type": "clause", "offset": [1499, 1513]}, {"key": "terms-and-conditions", "type": "clause", "offset": [1544, 1564]}, {"key": "the-foregoing", "type": "definition", "offset": [1601, 1614]}, {"key": "right-to", "type": "definition", "offset": [1656, 1664]}, {"key": "debit-card", "type": "definition", "offset": [1776, 1786]}, {"key": "negative-balance", "type": "definition", "offset": [1811, 1827]}], "hash": "96af3e10d72d8d5cb64fb78e246459a4", "id": 8}, {"snippet": "In the event that the Custodian is directed by Proper Instructions to make any payment or transfer of funds on behalf of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund, the Custodian may, in its discretion, provide an Overdraft to the applicable Fund, in an amount sufficient to allow the completion of such payment. Overdrafts may also arise by reason of the Custodian\u2019s reversal of any provisional credit extended to a Fund. Any Overdraft provided hereunder (i) shall be payable on demand or at such time as shall be agreed upon by the applicable Fund and the Custodian; and (ii) shall accrue interest from the date of the Overdraft to the date of payment in full by the applicable Fund at a rate agreed upon in writing, from time to time, by the Custodian and the applicable Fund. The Custodian and each Fund acknowledge that the purpose of such Overdrafts is to support on a temporary basis the purchase or sale of securities for prompt delivery in accordance with the terms hereof, or to meet emergency cash needs not reasonably foreseeable by such Fund. The Custodian shall promptly provide an Overdraft Notice of any Overdraft by facsimile transmission or in such other manner as such Fund and the Custodian may agree in writing. If, pursuant to Proper Instructions, a Fund or Series requests the Custodian to take any action with respect to securities, which action involves the payment of money or which action may, in the reasonable opinion of the Custodian, result in the Custodian or its nominee assigned to the Fund or Series being liable for the payment of money or incurring liability in some other form, the Fund, or the Fund on behalf of a Series, shall, as a prerequisite to the Custodian agreeing to take such action, provide indemnity to the Custodian in an amount and form satisfactory to the Fund and the Custodian.", "samples": [{"hash": "67Jstxt0bpr", "uri": "/contracts/67Jstxt0bpr#overdrafts", "label": "Investment Management Agreement (BlackRock Multi-Sector Opportunities Trust II)", "score": 29.8432579041, "published": true}, {"hash": "5UjY89opGWN", "uri": "/contracts/5UjY89opGWN#overdrafts", "label": "Agreement Between State Street Bank and Trust Company and Investment Companies (Blackrock Muniyield New Jersey Fund, Inc.)", "score": 28.9288158417, "published": true}, {"hash": "dzOEzdoWIZR", "uri": "/contracts/dzOEzdoWIZR#overdrafts", "label": "Investment Management Agreement (BlackRock Fixed Income Value Opportunities II)", "score": 28.8658447266, "published": true}], "size": 45, "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "instructions-to", "type": "definition", "offset": [54, 69]}, {"key": "transfer-of-funds", "type": "clause", "offset": [90, 107]}, {"key": "on-behalf-of", "type": "definition", "offset": [108, 120]}, {"key": "close-of-business", "type": "clause", "offset": [156, 173]}, {"key": "insufficient-funds", "type": "definition", "offset": [215, 233]}, {"key": "the-custodian-may", "type": "clause", "offset": [280, 297]}, {"key": "in-its-discretion", "type": "clause", "offset": [299, 316]}, {"key": "applicable-fund", "type": "definition", "offset": [346, 361]}, {"key": "to-allow-the", "type": "clause", "offset": [387, 399]}, {"key": "completion-of", "type": "definition", "offset": [400, 413]}, {"key": "reversal-of", "type": "clause", "offset": [483, 494]}, {"key": "credit-extended", "type": "definition", "offset": [511, 526]}, {"key": "payable-on-demand", "type": "definition", "offset": [584, 601]}, {"key": "payment-in-full", "type": "definition", "offset": [761, 776]}, {"key": "in-writing", "type": "definition", "offset": [822, 832]}, {"key": "from-time-to-time", "type": "clause", "offset": [834, 851]}, {"key": "purpose-of", "type": "clause", "offset": [944, 954]}, {"key": "temporary-basis", "type": "definition", "offset": [990, 1005]}, {"key": "sale-of-securities", "type": "definition", "offset": [1022, 1040]}, {"key": "prompt-delivery", "type": "definition", "offset": [1045, 1060]}, {"key": "in-accordance-with", "type": "definition", "offset": [1061, 1079]}, {"key": "the-terms", "type": "clause", "offset": [1080, 1089]}, {"key": "cash-needs", "type": "definition", "offset": [1119, 1129]}, {"key": "reasonably-foreseeable", "type": "clause", "offset": [1134, 1156]}, {"key": "promptly-provide", "type": "clause", "offset": [1191, 1207]}, {"key": "notice-of-any", "type": "clause", "offset": [1221, 1234]}, {"key": "by-facsimile-transmission", "type": "clause", "offset": [1245, 1270]}, {"key": "other-manner", "type": "clause", "offset": [1282, 1294]}, {"key": "pursuant-to", "type": "definition", "offset": [1352, 1363]}, {"key": "any-action", "type": "definition", "offset": [1433, 1443]}, {"key": "with-respect-to", "type": "clause", "offset": [1444, 1459]}, {"key": "payment-of-money", "type": "clause", "offset": [1498, 1514]}, {"key": "to-the-fund", "type": "definition", "offset": [1628, 1639]}, {"key": "indemnity-to-the-custodian", "type": "clause", "offset": [1856, 1882]}, {"key": "form-satisfactory", "type": "clause", "offset": [1900, 1917]}], "hash": "5fc12e5791b2d3c3fc7d7a02de23fcba", "id": 9}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNvdmVyZHJhZnRzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Overdrafts", "size": 2964, "parents": [["certain-definitions", "CERTAIN DEFINITIONS"], ["appointment", "Appointment"], ["no-duty-regarding-paying-banks", "No Duty Regarding Paying Banks"], ["advances-by-custodian-for-settlement", "Advances by Custodian for Settlement"], ["information-on-corporate-actions", "Information on Corporate Actions"]], "children": [["", ""], ["representations-and-warranties-of-the-custodian", "Representations and Warranties of the Custodian"], ["standard-of-care", "Standard of Care"], ["actual-collection-required", "Actual Collection Required"], ["representations-and-warranties-of-the-trust", "Representations and Warranties of the Trust"]], "id": "overdrafts", "related": [["overdraft", "Overdraft", "Overdraft"], ["payment-of-overdrafts", "Payment of Overdrafts", "Payment of <strong>Overdrafts</strong>"], ["overdraft-liability", "Overdraft Liability", "Overdraft Liability"], ["overdraft-facility", "Overdraft Facility", "Overdraft Facility"], ["cash-management-services", "Cash Management Services", "Cash Management Services"]], "related_snippets": [], "updated": "2026-05-02T06:01:41+00:00", "also_ask": ["What are the essential terms to include in an overdraft clause to protect both parties?", "How can the overdraft clause be leveraged or limited during negotiations?", "What are the most common legal pitfalls or unenforceable provisions in overdraft clauses?", "How do overdraft provisions differ across jurisdictions or under different regulatory regimes?", "What factors do courts consider when determining the enforceability of overdraft clauses?"], "drafting_tip": "Specify overdraft limits to prevent disputes, define interest rates to ensure transparency, and outline repayment terms to clarify obligations.", "explanation": "An overdrafts clause defines the terms under which a party may overdraw funds from an account or exceed a credit limit. It typically outlines the conditions for allowing overdrafts, any applicable fees or interest rates, and the process for repayment. For example, it may specify that the account holder must repay the overdrawn amount within a certain period or that the bank has the right to charge interest on the negative balance. The core function of this clause is to set clear expectations and responsibilities regarding overdraft situations, thereby minimizing disputes and financial risk for both parties."}, "json": true, "cursor": ""}}