Board Resolutions. Each Fund shall provide the Bank with a certified copy of a resolution of its Board appointing the Bank as its agent to act hereunder and providing for the creation of such Fund's Account(s), the utilization by such Fund of one or more Omnibus Accounts and the execution by such Fund of this Agreement, it being understood that receipt of the same by the Bank shall be a condition precedent to the Bank's establishing an Account for such Fund or such Fund's utilization of an Omnibus Account.
Appears in 10 contracts
Sources: Cash Management and Related Services Agreement (Institutional Daily Income Fund), Cash Management and Related Services Agreement (North Carolina Daily Municipal Income Fund Inc), Cash Management and Related Services Agreement (Asset Management Fund Inc)