Trust Clients Sample Clauses

The 'Trust Clients' clause establishes the obligations and expectations regarding the management and handling of client assets or funds held in trust by a service provider or fiduciary. Typically, this clause outlines the duty to segregate client funds from the provider’s own assets, maintain accurate records, and act in the best interests of the clients. For example, a law firm or financial advisor may be required to keep client monies in separate trust accounts and provide regular accountings. The core function of this clause is to protect client assets, ensure transparency, and prevent misuse or commingling of funds, thereby fostering trust and legal compliance.
Trust Clients people who are acting as trustees of a trust or pension scheme, or who tell us that they are holding money in a UK bank account for the benefit of someone else.
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Trust Clients. A. In the event that a Trust is the client, the Trustee(s) agree, represent and warrant as follows: (1) the Trust is in full force and effect and has not been revoked, modified, or amended in any manner; (2) to promptly notify Forum in writing of any changes that would cause any Trustee representations to Forum to be inaccurate and of any changes to the Trustee(s) status; and (3) agrees that Forum, its agents and employees may rely on information provided by Trustee unless Forum receives written contrary information. B. The Trustee’s powers include the power: (1) to establish an advisory account for Trust assets (“Advisory Trust Account”) to direct the purchase, sale and pledging of securities and other property of the Trust which may be held in the Advisory Trust Account; (2) to hire, retain and compensate an investment adviser, including a discretionary investment manager, with the authority to purchase and sell securities and other investments for the Trust; and (3) to enter into and execute any agreements and documents related to the establishment of an Advisory Trust Account, transactions in securities and other property, making additions to or withdrawals from the Advisory Trust Account, authorizing and executing transfers of trust assets to third parties or directly to the Trustee , and the retention of an investment adviser. Additionally, unless specified in writing and provided to Forum, the Trustee may individually act on behalf of the Trust and there are no investment restrictions by the Trust. C. The Trust and the Trustee, jointly and severally in their individual and Trustee capacity, indemnify Forum, Forum’s partners, officers, employees and agents and agents and hold such persons harmless against any and all claims, judgments, settlements and other liabilities and damages (including attorneys’ fees) arising out of or related to any alleged or actual improper or other action taken upon the Trustee’s instructions or upon the instructions of the Trustee’s other advisors or legal counsel.
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Related to Trust Clients

  • The Client The Subcontractor acknowledges that any work performed under this Agreement must be in accordance with the latest version agreement(s) (“Prime Contract”) made between the Contractor and ______________________ with a mailing address of ______________________, City of ______________________, State of ______________________ (“Client”).

  • Clients in this context, clients are people who are dependent upon the caring skills and services of the local authority, for example, the elderly, mentally infirm, those with mental or physical impairments. Clients in this context also include those whose needs are identified and catered for in settings such as schools and nurseries, that is, young children and school pupils dependent on the organisation for their educational and developmental welfare. Clients exclude internal authority customers (as in client departments) or external customers (for example, members of the public with planning applications), because neither are dependent on the local authority for their care and welfare. The exceptional needs of clients refer to those which are exceptionally demanding, not to those which are out of the ordinary.

  • The Custodians The Custodian shall be subject at all times and in all respects to the directions of the Depositary and shall be responsible solely to it. Any Custodian may resign and be discharged from its duties hereunder by notice of such resignation delivered to the Depositary at least 30 days prior to the date on which such resignation is to become effective. If upon such resignation there shall be no Custodian acting hereunder, the Depositary shall, promptly after receiving such notice, appoint a substitute custodian or custodians, each of which shall thereafter be a Custodian hereunder. The Depositary in its discretion may appoint a substitute or additional custodian or custodians, each of which shall thereafter be one of the Custodians hereunder. Upon demand of the Depositary any Custodian shall deliver such of the Deposited Securities held by it as are requested of it to any other Custodian or such substitute or additional custodian or custodians. Each such substitute or additional custodian shall deliver to the Depositary, forthwith upon its appointment, an acceptance of such appointment satisfactory in form and substance to the Depositary. Upon the appointment of any successor depositary hereunder, each Custodian then acting hereunder shall forthwith become, without any further act or writing, the agent hereunder of such successor depositary and the appointment of such successor depositary shall in no way impair the authority of each Custodian hereunder; but the successor depositary so appointed shall, nevertheless, on the written request of any Custodian, execute and deliver to such Custodian all such instruments as may be proper to give to such Custodian full and complete power and authority as agent hereunder of such successor depositary.

  • Students Payments which a student or business apprentice who is or was immediately before visiting a Contracting State a resident of the other Contracting State and who is present in the first-mentioned State solely for the purpose of his education or training receives for the purpose of his maintenance, education or training shall not be taxed in that State, provided that such payments arise from sources outside that State.

  • The Custodian The Depositary has initially appointed Citibank, N.A. – Hong Kong as Custodian for the purpose of the Deposit Agreement. The Custodian or its successors in acting hereunder shall be authorized to act as custodian in the Cayman Islands and shall be subject at all times and in all respects to the direction of the Depositary for the Deposited Property for which the Custodian acts as custodian and shall be responsible solely to it. If any Custodian resigns or is discharged from its duties hereunder with respect to any Deposited Property and no other Custodian has previously been appointed hereunder, the Depositary shall promptly appoint a substitute custodian. The Depositary shall require such resigning or discharged Custodian to Deliver, or cause the Delivery of, the Deposited Property held by it, together with all such records maintained by it as Custodian with respect to such Deposited Property as the Depositary may request, to the Custodian designated by the Depositary. Whenever the Depositary determines, in its discretion, that it is appropriate to do so, it may appoint an additional custodian with respect to any Deposited Property, or discharge the Custodian with respect to any Deposited Property and appoint a substitute custodian, which shall thereafter be Custodian hereunder with respect to the Deposited Property. Immediately upon any such change, the Depositary shall give notice thereof in writing to all Holders of ADSs, each other Custodian and the Company. Citibank may at any time act as Custodian of the Deposited Property pursuant to the Deposit Agreement, in which case any reference to Custodian shall mean Citibank solely in its capacity as Custodian pursuant to the Deposit Agreement. Notwithstanding anything contained in the Deposit Agreement or any ADR to the contrary, the Depositary shall not be obligated to give notice to the Company, any Holders of ADSs or any other Custodian of its acting as Custodian pursuant to the Deposit Agreement. Upon the appointment of any successor depositary, any Custodian then acting hereunder shall, unless otherwise instructed by the Depositary, continue to be the Custodian of the Deposited Property without any further act or writing, and shall be subject to the direction of the successor depositary. The successor depositary so appointed shall, nevertheless, on the written request of any Custodian, execute and deliver to such Custodian all such instruments as may be proper to give to such Custodian full and complete power and authority to act on the direction of such successor depositary.