RES 86434 - Laserfiche WebLink

CASH MANAGEMENT In addition to the instructions contained in this Agreement, Security shall invest and reinvest any available cash in units of such of the Pacific Horizon money market portfolios (,the Fund') as Customer may select, and redeem units of said Fund to meet the cash requirements of Customerrs Account. 1. Customer acknowledges that Security shall be compensated by the Fund for services rendered in its capacity as Custodian and Transfer Agent for the Fund and that the Fund may purchase securities from or through Security, may engage in repurchase transactions with Security, and may place funds on deposit in accounts with Security subject to receipt of interest income at currently available market rates. 2. Customer assumes the obligation and retains the right to vote all units of the Fund held by Security for the benefit of Customer's Account. 3. Security agrees to forward, in a timely manner, all proxies and other shareholder materials and communications relating to units in the Fund to Customer. 4. Customer agrees that transactions in the Fund wi'll be reported only in Security~s regular periodic accounting. NQ~INEE AUTHORIZED ... Security is directed to transfer into the name of nominees selected by it all registered securities from time to time held under this Agreement. Security shall be responsible for the acts of its nominee with respect to such securities. To effect the transfer of'registered securities into the name of Se~urity*s nominee, to facilitate the collection of any payment thereon and to effect any other action in relation thereto or in order to meet any requirement thereof'; Customer authorizes Security to execute in Customer~8 name, and to deliver, any instrument determined by Security to be appropriate in furtherance of the purposes hereof, and to guarantee in Security~s name as the signature of Customer any signature so placed on such instrument. DIRECTIONS TO SECURITY All directions of Customer to Security shall be in writing or will be confirmed by a report from the DTC ID or comparable system and may be given by such person or persons as Customer shall, by appropriate resolution of its governing body, designate for that purpose. Security shall not be required to comply with any direction of Customer which in its Judgment may subject it to liability or expense, or to prosecute or defend any action, unless indemnified in manner and amount satisfactory to DISTRIBUTIONS Security shall either reinvest net income or distribute it as Customer may direct from time to time. In addition, Security shall distribute principal cash or principal assets as Customer may direct from time to time. However, Security may retain such funds and securities as it determines to be necessary to complete any pending buy or sell transactions.