Common use of Intention of the Parties Definitions Clause in Contracts

Intention of the Parties Definitions. 1.1 Intention of the Parties (a) This Agreement sets out the terms on which Bank will be providing custodial, settlement and other associated services to the Customer. Bank will be responsible for the performance of only those duties set forth in this Agreement. (b) The Customer acknowledges that Bank is not providing any legal, tax or investment advice in connection with the services under this Agreement. (c) It is the intention of the parties that the services offered by Bank under this Agreement with respect to the custody of Securities and related settlement services will be limited to Securities that are issued in the United States (“U.S.”) by an issuer that is organized under the laws of the U.S. or any state thereof, or that are both traded in the U.S. and eligible for deposit in a U.S. Securities Depository.

Intention of the Parties Definitions. 1.1 1.1. Intention of the Parties (a) This Agreement sets out the terms on which Bank will be providing governing custodial, settlement and certain other associated services offered by Bank to the Customer. Bank will be responsible for the performance of only those Securities custody duties that are set forth in this Agreement. (b) The . Customer acknowledges that Bank is not providing any legal, tax or investment advice in connection with the services under this Agreementhereunder. (cb) It is the intention of the parties that the services offered by Bank under this Agreement with respect to the custody of Securities and related settlement services will be limited to Securities that are issued in the United States (“U.S.”) by an issuer that is organized under the laws of the U.S. or any state thereof, or that are both traded in the U.S. and that are eligible for deposit in a U.S. Securities Depository.