Common use of Possession and Control Clause in Contracts

Possession and Control. The parties acknowledge that the Account is an omnibus account in Xxxxxx’x name with shares held by any number of beneficial owners. The parties agree that all Fund shares held by Schwab on behalf an MFMP investor shall be carried in a custody account for the exclusive benefit of customers and shall not be subject to any right, charge, security interest, lien or other claim against Schwab in favor of the Funds or Fund Company.

Possession and Control. The parties acknowledge that the Account is an omnibus account in Xxxxxx’x Sxxxxx'x name with shares held by any number of beneficial owners. The parties agree that all Fund shares held by Schwab on behalf an MFMP investor shall be carried in a custody account for the exclusive benefit of customers and shall not be subject to any right, charge, security interest, lien or other claim against Schwab in favor of the Funds or Fund Company.

Possession and Control. The parties acknowledge that the each Account is an omnibus account in Xxxxxx’x name with shares held by any number for the benefit of an MFMP investor or MFMP investors who are the beneficial ownersowners of a Fund’s shares. The parties agree Fund Parties agrees that all Fund shares held by Schwab on behalf an of MFMP investor investors shall be carried in a custody account for the exclusive benefit of customers and shall not be subject to any right, charge, security interest, lien lien, or other claim against Schwab in favor of the Funds Fund or Fund Company.