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Centennial W&S District Escrow Agreement
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Centennial W&S District Escrow Agreement
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Last modified
10/14/2016 11:20:01 AM
Creation date
10/3/2016 12:27:05 PM
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Chatfield Mitigation
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SCHEDULE B <br /> U.S.BANK NATIONAL ASSOCIATION <br /> MONEY MARKET ACCOUNT AUTHORIZATION FORM <br /> DESCRIPTION AND TERMS <br /> The U.S. Bank Money Market is a U.S. Bank National Association ("U.S. Bank") interest- <br /> bearing money market deposit account designed to meet the needs of U.S. Bank's Corporate <br /> Trust Services Escrow Group and other Corporate Trust customers of U.S. Bank. Selection of <br /> this investment includes authorization to place the funds on deposit and invest with U.S. Bank. <br /> U.S. Bank uses the daily balance method to calculate interest on this account (actual/365 or 366). <br /> This method applies a daily periodic rate to the principal balance in the account each day. <br /> Interest is accrued daily and credited monthly to the account. Interest rates are determined at <br /> U.S. Bank's discretion, and may be tiered by customer deposit amount. <br /> The owner of the account is U.S. Bank as Agent for its trust customers. U.S. Bank's trust <br /> department performs all account deposits and withdrawals. Deposit accounts are FDIC insured <br /> per depositor, as determined under FDIC Regulations, up to applicable FDIC limits. <br /> U.S.BANK,WHEN ACTING AS AN INDENTURE TRUSTEE OR IN A SIMILAR CAPACITY,IS NOT <br /> REQUIRED TO REGISTER AS A MUNICIPAL ADVISOR WITH THE SECURITIES AND EXCHANGE <br /> COMMISSION FOR PURPOSES OF COMPLYING WITH THE DODD-FRANK WALL STREET REFORM& <br /> CONSUMER PROTECTION ACT. INVESTMENT ADVICE,IF NEEDED,SHOULD BE OBTAINED FROM <br /> YOUR FINANCIAL ADVISOR. <br /> AUTOMATIC AUTHORIZATION <br /> In the absence of specific written direction to the contrary, U.S. Bank is hereby directed to invest <br /> and reinvest proceeds and other available moneys in the U.S. Bank Money Market Account. The <br /> U.S. Bank Money Market Account is a permitted investment under the operative documents and <br /> this authorization is the permanent direction for investment of the moneys until notified in <br /> writing of alternate instructions. <br /> {00412296.DOC/13} <br />
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