Fiduciary Accounts. This type of account may be opened by a duly authorized and appointed agent. The fiduciary of the account hereby certifies that the funds that are offered to the Bank in accordance with the fiduciary relationship for placement in an account, and any funds that are later placed in the same account, are funds that are properly within the fiduciary's custody that may be lawfully invested in or placed in an account at the Bank in accordance with the authority duly vested in the fiduciary.
Fiduciary Accounts. With respect to certain retirement plans or accounts (such as individual retirement accounts ("IRAs"), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Xxxxxxxxx Education Savings Accounts, and 403(b) Plans (such accounts, "Fiduciary Accounts"), the Transfer Agent, at the request of the Fund, shall arrange for the provision of appropriate prototype plans as well as provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial services to be provided by State Street Bank and Trust Company (the "Bank"), account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.
Fiduciary Accounts. With respect to all fiduciary, including but not limited to estate, guardianship, representative payee and conservatorship accounts, we reserve the right to require such documents and authorizations as we may deem necessary or appropriate to satisfy that the person(s) requesting or directing the withdrawal of funds held in the account have the authority to withdraw such funds. This applies at the time of account opening and at all times thereafter. The fiduciary does not have an ownership interest in funds of the account. The fiduciary does not have a right of survivorship to the account on the death of the account holder. We act only as a custodian of the funds and are under no obligation to act as a trustee or to inquire as to the powers or duties of the fiduciary. The fiduciary agrees to indemnify, and hold us harmless from and against any and all loss, cost, damage, liability or exposure, including reasonable attorney’s fees, we may suffer or incur arising out of any action or claim by the beneficiary, a government entity or by any other party regarding the authority or actions taken by the fiduciary in handling or dealing with the account. Business/Organization Accounts: If the account is not owned by a natural person (for example, it is owned by a corporation, partnership, limited liability company, sole proprietorship, unincorporated association, etc.) then the account holder must provide us with evidence to our satisfaction of the authority of the individuals who sign the signature card to act on behalf of the account holder. On any transactions involving the account, we may act on the instructions of the person(s) authorized in the resolutions, banking agreement or certificate of authority to act on behalf of the account holder. You agree to notify us in writing of any changes in the person(s) authorized or the form of ownership. If we receive conflicting instructions or a dispute arises as to authorization with regard to the handling of the account, you agree we may place a hold on the account until such conflict or dispute is resolved to our satisfaction and we will not be liable for dishonored items as a result of such hold.
Examples of Fiduciary Accounts in a sentence
Preclearance is not necessary for exempt securities or Outside Fiduciary Accounts.
Separate certification procedures will apply for securities transactions executed on behalf of Outside Fiduciary Accounts in lieu of preclearance.
Fiduciary Accounts may also be used for estate administration, guardianships and other court-ordered Accounts.
Except as otherwise noted below, the trading restrictions do not apply to Outside Fiduciary Accounts.
O Outside Fiduciary Accounts - Certain fiduciary accounts outside of the Firm for which an individual has received the Firm’s approval to act as fiduciary and that the Firm has determined qualify to be treated as Outside Fiduciary Accounts under this Code of Ethics.
More Definitions of Fiduciary Accounts
Fiduciary Accounts. The Credit Union may open other accounts pursuant to a court order to facilitate your request for a trust, probate or other acceptable purposes. We make no representations and give no advice concerning any such accounts and may refuse to open any account or refuse to follow any instruction that may expose us to any expense or liability. Any individual acting as an agent, guardian, personal representative, trustee, custodian, or in some other fiduciary capacity must be designated to us as such on the Membership Application, as well as any other documentation we may require. We are authorized to follow the directions of any such agent and/or fiduciary until we receive written notice that the agency is terminated and have had a reasonable time to act upon the notice. Further, you specifically agree that we are not liable for the misapplication of funds by your agent and/ or fiduciary. In opening a fiduciary account, the Credit Union acts only as a depository for the Beneficiary’s funds, and is under no obligation to act as a fiduciary or to inquire as to the powers or duties of the appointed fiduciary. The representative payee/fiduciary (“fiduciary”) agrees to be bound by the terms of the Account Agreements and to furnish us, upon request, a copy of the written SSA, VA or other authorization designating the fiduciary and such other documents and authorizations as we may deem necessary or appropriate. The fiduciary agrees that he or she are liable to us for any and all obligations incurred by any actions dealing with the account and agree to indemnify and hold the Credit Union harmless from and against any and all loss, costs, damage, liability, or exposure, including reasonable attorney’s fees, we may suffer or incur arising out of or related to any action or claim by any party with respect to the authority or actions taken by the fiduciary.
Fiduciary Accounts means bank accounts with the Lenders, including, without limitation, those listed on Schedule 7.21, in which funds are primarily held by the Borrower or its Subsidiaries in a fiduciary capacity.
Fiduciary Accounts means payroll, payroll tax, employee wage and benefit payment and other similar fiduciary accounts.
Fiduciary Accounts means all the accounts within the Personal Trust Business:
Fiduciary Accounts. (over which a member of the Barneys Group has dominion and control and the Administrative Agent does not have dominion and control), the Blocked Accounts, the Concentration Account and the Cash Collateral Account, no member of the Barneys Group shall open any deposit or payable account with any Person. No member of the Barneys Group shall authorize or direct any Person to take any action with respect to amounts deposited in the Blocked Accounts or the Concentration Account in contravention of the provisions hereof. The Borrowers shall not maintain balances in the accounts set forth on Schedule 9.16 under the heading "Deposit Accounts" in an aggregate amount for all such Deposit Accounts in excess of $3,125,000. The Borrowers shall not maintain balances in the accounts set forth on Schedule 9.16 under the heading "Fiduciary Accounts" in an aggregate amount for all such Fiduciary Accounts in excess of $1,000,000.
Fiduciary Accounts. (over which accounts a member of the Barneys Group has dominion and control and the Administrative Agent does not have dominion and control), the trust account listed on Schedule 9.16 under the heading "Administrative Claims Trust Account" (over which accounts a member of the Barneys Group has dominion and control and the Administrative Agent does not have dominion and control), the Blocked Accounts, the Concentration Account and the Cash Collateral Account, no member of the Barneys Group shall open any deposit or payable account with any Person. No member of the Barneys Group shall authorize or direct any Person to take any action with respect to amounts deposited in the Blocked Accounts or the Concentration Account in contravention of the provisions hereof. The Borrowers shall not maintain balances in the accounts set forth on Schedule 9.16 under the heading "Deposit Accounts" in an aggregate amount for all such Deposit Accounts in excess of $3,125,000. The Borrowers shall not maintain balances in the accounts set forth on Schedule 9.16 under the heading "Fiduciary Accounts" in an aggregate amount for all such Fiduciary Accounts in excess of $4,000,000. The Borrowers shall not maintain balances in the accounts set forth on Schedule 9.16 under the heading "Administrative Claims Trust Account" in an aggregate amount for all such Administrative Claims Trust Accounts in excess of $6,000,000 at any time from the date hereof to January 27, 2000 and, thereafter, in an amount in excess of $4,000,000; provided that all amounts exceeding $4,000,000 in such accounts on January 27, 2000 shall be deposited by the Borrowers into the Concentration Account on such date.
Fiduciary Accounts means all fiduciary accounts into which the Borrower deposits or maintains funds to be held in escrow or pursuant to a fiduciary obligation on behalf of or for the benefit of third parties and all assets credited thereto.