Res 2006-035 - Laserfiche WebLink

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NATIONS RESERVES INVESTMENT SELECTION FORM CONCENTRATION - LIQUIDITY SHARES 7. Bank of America reserves the right, upon ten (10) days advance written notice to the Client, to add or eliminate mutual funds as options for investment through the Investment Account. Bank of America may treat your failure to respond to such notice as consent to the redemption of your existing investments and to the purchase of shares of the substitute mutual fund with the proceeds of that redemption and with all future money deposited to your Checking Account in excess of the Target Balance. Any new mutual funds available through the Investment Account will be considered "Money Market Funds" for all purposes in the Agreement. 1 The Client understands that the Money Market Fund seeks to maintain a stable net asset value of $1.00 per share; however, the can be no assurance that it will meet this objective. The yield for money market mutual funds varies with market conditions. 8. 9. Client acknowledges that the required minimum monthly average investment amount is $25,000,000. If the monthly average investment amount for a given month is less than $25,000,000, the Checking Account will be assessed a charge of $300, which will be reflected on Client's Account Analysis Statement for that month. IMPORTANT NOTICE Client's Checking Account statement may show daily transfers to and from the Investment Account that reflect the value of a complete redemption of Client's Money Market Fund shares and a day-end purchase of Money Market Fund shares. This is intended only to reflect the availability of funds from the Client's investment in Money Market Funds, and is not intended to represent actual transfers. Only the net amount of these two transactions is actually transferred to or from the Checking Account at the end of the day, and only that net amount increases or decreases the amount of the Client's Checking Account balance. You should consult the Investment Account statement for the actual amount of purchases and redemptions of Money Market Fund shares. If Bank of America is unable for any reason to fully invest funds transferred from the Checking Account on any day, the amount of the purchase of Money Market Fund shares shown on the Client's Investment Account statement may be less than the net transfer from the Checking Account on the Checking Account statement. Any such difference will be held in a Bank of America suspense account. Please contact your Treasury Management Officer if you have any questions regarding transaction reporting. Date: March 1, 2006 City of San Marcos (CLlENrS LEGAL NAME) By 1. ~. J~I Name: Dan O'Leary (Print or Type) 1 Title: City Manager (Print or Type) 1 00-35- 2512NSBW 10-2004 6 @ 2004 Bank of America Corporation