Examples of Cash Account in a sentence
If a debit to any currency in the Cash Account results or would result in a debit balance, then J.X. Xxxxxx may, in its discretion, (i) advance an amount equal to the overdraft, (ii) 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.
This Agreement, including any Schedules, Exhibits, Annexes and Riders (and any separate agreement which J.X. Xxxxxx and the Customer may enter into with respect to any Cash Account), sets out the entire agreement between the parties in connection with the subject matter hereof, and this Agreement supersedes any other agreement, statement or representation relating to custody, whether oral or written.
No prior action or course of dealing on J.X. Xxxxxx’x part with respect to the settlement of transactions on the Customer’s behalf will be asserted by the Customer against J.X. Xxxxxx for J.X. Xxxxxx’x refusal to make advances to the Cash Account or refusal to settle any transaction for which the Customer does not have sufficient available funds in the applicable currency in the Account.