Examples of Accounts Bank in a sentence
Trading Accounts The Issuer will open and maintain one or more accounts with Trading Accounts Bank each designated a “Trading Account”.
The Portfolio Manager may, from time to time, direct a Trading Accounts Bank, pursuant to the terms of the relevant Trading Accounts Agreement, to release funds for investments by the Issuer in financial instruments or for lending by the Issuer to the shareholders of the Issuer (“Eligible Investments”) or to release funds to the Expense Account to meet the costs and expenses of the Issuer from time to time.
With respect to all Accounts, Bank makes no representation regarding tax aspects or the legal results of opening a particular Account.
Withdrawals from the Trading Accounts will only be made in accordance with the terms of an agreement between the relevant Trading Accounts Bank and the Issuer (the “Trading Accounts Agreement”).
The Accounts Bank will have no responsibility to ensure the performance by any other party of its duties and obligations hereunder.