Cash Balances. The Custodian may retain uninvested cash balances from time to time on hand in any of the Funds and may, in its sole discretion hold such cash balances on deposit with a bank or such other deposit taking institution, including the Custodian or its Affiliates, in any jurisdiction in such interest bearing account as the Custodian in its sole discretion may determine. For greater certainty, the parties agree that all free credit balances standing to the credit of any Account, including un-invested cash balances, shall constitute “financial assets” for the purposes of the STA and shall be subject to the security interest provided in Section 3 of this Agreement.
Appears in 7 contracts
Samples: Custodian Agreement, Custodian Agreement, Custodian Agreement
