Res90 11396 - Laserfiche WebLink

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1 , i 6_ Statements and COnItrmations. 6.1 COnItrmations. Bank shall have no responsibility to send confirmations of security transactions occurring in this Account to Client; however, Client may request confirmations for security transactions at any time at no additional cost to Client, and such confirmations shall be sent to Client within the time prescribed by law_ 6_2 Statements. Each month Bank shall send Client a cash statement and an asset state- ment showing market values, if such value is readily available from a nationally recognized pric- ing service; otherwise assets will be listed at such nominal value as Bank shall detennine_ The statements will show all income and principal transactions and cash, securities and other Prop- erty holdings_ Client may approve or disapprove such statement within sixty (60) days of their receipt and, if no written objections are received within the sixty (60) day period, such statements of account shall be deemed approved. 7_ Use of Other Bank Services. Client may direct Bank to utilize for this Account other ser- vices or facilities provided by Bank, its subsidiaries or affiliates. Such services shall include, but not be limited to (1) the purchase or sale of securities as principal to or from, or, (2) the placing of orders for the purchase, sale, exchange, investment or reinvestment of securities through any brokerage service conducted by, or, (3) the placing of orders for the purchase or sale of units of the HighMark Group of mutual funds or any other investment company managed or advised by, Bank, BanCal Tri-State Corp., or their subsidiaries or affiliates, and for which Bank, BanCal Tri- State Corp_, or their subsidiaries or affiliates may act as custodian or provide other services_ Client hereby acknowledges that Bank will receive additional fees for such services in accor- dance with Bank's standard fee schedules, which shall be deliv~red to Client from time to time_ Notwithstanding the above, Client hereby directs Bank to utilize for this Account for cash management purposes the HighMark Group of mutual funds advised by Bank, and for which Bank may also act as custodian and provide other services_ Client shall designate the panicular HighMark Fund that Client deems appropriate for the Account Client hereby acknowledges that Bank will receive fees for such services, which shall be in addition to those fees charged byBank as agent for the Client's Custody Account 8. Instructions. All instructions from Client shall be in "''fiting, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Bank may in its absolute discretion at any time, accept oral, wired or electronically transmitted instructions from Client provided Bank believes in good faith that the instructions are genuine. 9- Compensation and Other Charges. 9.1 Compensation. Bank's annual fee as agent shall be based on the published standard fee schedule of the Bank for Custody Accounts as it exists from time to time. Fees shall be taken quarter-annually in arrears and charged to the income of this Account unless Client directs other- wise in writing. 9_2 Charging the Account. Bank is authorized to charge the Account for incidental expenses as well as for the funds necessalY for Bank to complete any purchase or expense, to make any directed disbursement or to take any other action regarding the Account. Bank shall have no duty to make any purchases, exchanges, or disbursements or to incur any expenses, unless the funds necessalY to cover the amount of expense are available in the Account 10_ Cost B~"es and Dates of Acquisition. Client agrees to furnish Bank with the income tax cost bases and dates of acquisition of all Property held in the Account to be carried on its records_ TRS-I60J4 (2-H9) Page 3