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.
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Samples: Operating Agreement (Pacific Global Fund Inc), Operating Agreement (GMO Series Trust), Operating Agreement (First Focus Funds Inc)
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.
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