Where HD Faculty™ or its designated Investment Management Team employs
a Trustee in a given transaction, the Trustee is required to establish or cause to be established a non-commingled account at the institution wherein the said sum is required to be deposited and remain therein until maturity and/or be dealt with in the mutually agreed upon prescribed manner.
The designated Investment Team and HD Faculty are required to use the said sum to establish a liquid account, known as "Secondary Reserve, being
"cash on deposit" in the designated account, which may be required to
facilitate HD Faculty's operating liquidity reserve requirements.
