Common use of Deposit of Monies Clause in Contracts

Deposit of Monies. 5.1 AIMS shall forthwith deposit all monies received, in connection with the management of financial products, to the credit of the Investor into the specific account set out in the accompanying application form, held in the name of AIMS Nominees (Pty) Ltd at ABSA Bank, and where applicable, withdraw moneys received in connection with the management of financial products from this account. 5.2 Cash accruals (including dividends and interest) that AIMS receive on behalf of the Investor shall be re- invested by AIMS in terms of this mandate.

Appears in 5 contracts

Sources: Mandate to Manage Investments, Mandate to Manage Investments, Mandate to Manage Investments

Deposit of Monies. 5.1 AIMS shall forthwith deposit all monies received, in connection with the management of financial products, to the credit of the Investor into the specific account set out in the accompanying application form, held in the name of AIMS Nominees (Pty) Ltd at ABSA Bank, and where applicable, withdraw moneys received in connection with the management of financial products from this account. 5.2 . Cash accruals (including dividends and interest) that AIMS receive on behalf of the Investor shall be re- invested by AIMS in terms of this mandate.

Appears in 1 contract

Sources: Mandate to Manage Investments