Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund may be deposited by the Custodian to its credit as custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunder; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 97 contracts
Samples: Custodian Agreement (T. Rowe Price Index Trust, Inc.), Custodian Agreement (T. Rowe Price Real Assets Fund, Inc.), Custodian Agreement (T. Rowe Price Reserve Investment Funds, Inc.)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 60 contracts
Samples: Master Custodian Agreement (Nuveen High Income 2020 Target Term Fund), Custodian Agreement (Diversified Real Asset Income Fund), Custodian Agreement (Nuveen Global High Income Fund)
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Fund’s Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 54 contracts
Samples: Master Custodian Agreement (Venerable Variable Insurance Trust), Master Custodian Agreement (Harbor Funds II), Master Custodian Agreement (Harbor ETF Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 53 contracts
Samples: Custodian Contract (Clayton Street Trust), Custodian Contract (Janus Aspen Series), Custodian Contract (Janus Investment Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 48 contracts
Samples: Custodian Contract (Morgan Stanley Institutional Fund Inc), Custodian Contract (Morgan Stanley Institutional Fund Inc), Custodian Contract (Morgan Stanley Institutional Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 28 contracts
Samples: Master Custodian Agreement (Scudder Us Treasury Money Fund), Master Custodian Agreement (Scudder International Equity Portfolio), Master Custodian Agreement (Scudder Mg Investments Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund may be deposited by the Custodian to its credit as custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunder; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “"Board”"). Such funds shall be deposited by the Custodian in its capacity as custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 25 contracts
Samples: Custodian Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.), Custodian Agreement (T. Rowe Price Inflation Protected Bond Fund, Inc.), Custodian Agreement (T. Rowe Price Reserve Investment Funds, Inc.)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 25 contracts
Samples: Custodian Agreement (Neuberger Berman Dividend Advantage Fund Inc), Custodian Agreement (Western Asset Claymore Us Treasury Inflation Pro Sec Fund 2), Form of Custodian Agreement (RMR F.I.R.E. Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 23 contracts
Samples: Custodian Contract (Legg Mason Light Street Trust Inc), Custodian Contract (Legg Mason Light Street Trust Inc), Custodian Contract (Legg Mason Investment Trust Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Investment Company Act of 1940, as amended (the "Investment Company Act, ") and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trustees. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 20 contracts
Samples: Custodian Contract (Scudder Value Series Inc), Custodian Contract (Investors Cash Trust), Custodian Contract (Kemper High Yield Series)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 18 contracts
Samples: Master Custodian Agreement (Nuveen Equity Premium Opportunity Fund), Master Custodian Agreement (Nuveen Floating Rate Income Fund), Master Custodian Agreement (Nuveen North Carolina Dividend Advantage Municipal Fund 3)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 17 contracts
Samples: Master Custodian Contract (Aim Variable Insurance Funds (Invesco Variable Insurance Funds)), Master Custodian Contract (Aim Counselor Series Trust (Invesco Counselor Series Trust)), Master Custodian Contract (Invesco High Income 2024 Target Term Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 17 contracts
Samples: Custodian Agreement (Huntington Va Funds), Custodian Agreement (Wasatch Funds Inc), Master Custodian Agreement (John Hancock Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund may be deposited by the Custodian to its credit as custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunder; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”"BOARD"). Such funds shall be deposited by the Custodian in its capacity as custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 17 contracts
Samples: Custodian Agreement (Price T Rowe Science & Technology Fund Inc), Custodian Agreement (Price T Rowe Corporate Income Fund Inc), Custodian Agreement (Institutional Domestic Equity Funds Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 17 contracts
Samples: Master Custodian Agreement (Calvert SAGE Fund), Custodian Agreement (First Variable Rate Fund for Government Income /Md/), Custodian Agreement (Liberty Funds Trust Ii)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 14 contracts
Samples: Master Custodian Contract (Invesco Van Kampen Senior Loan Fund), Master Custodian (Aim Floating Rate Fund), Master Custodian (Aim Floating Rate Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 14 contracts
Samples: Custodian Contract (Mitchell Hutchins Lir Money Series), Custodian Contract (Growth Portfolio/Ca/), Custodian Contract (Aim Special Opportunities Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundFund which shall contain only property held by the Custodian as custodian for that Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 11 contracts
Samples: Custodian Contract (Neuberger & Berman Equity Trust), Custodian Contract (Global Managers Trust), Custodian Contract (Equity Managers Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 11 contracts
Samples: Custodian Contract (Van Kampen Select Sector Municipal Trust), Custodian Contract (Van Kampen Trust for Investment Grade New Jersey Municipals), Custodian Contract (Van Kampen Trust for Investment Grade Florida Municipals)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 9 contracts
Samples: Custodian Agreement (First Eagle Funds), Custodian Agreement (Huntington Va Funds), Custodian Agreement (First Eagle Overseas Variable Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors Trustees or the board Board of trustees Directors of the applicable Fund (as appropriate appropriate, and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 9 contracts
Samples: Master Custodian Agreement (Vanguard Institutional Index Funds), Master Custodian Agreement (Vanguard New York Tax-Free Funds), Master Custodian Agreement (Vanguard California Tax-Free Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fundeach Fund , subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 9 contracts
Samples: Van Kampen Series Fund Inc, Van Kampen American Capital U S Government Trust for Income, Van Kampen American Capital Tax Free Trust
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 7 contracts
Samples: Custodian Agreement (Hartford Series Fund Inc), Custodian Contract (Gabelli Equity Series Funds Inc), Custodian Contract (Hartford HLS Series Fund Ii Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 17f‑3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors Trustees or the board Board of trustees Directors of the applicable Fund (as appropriate appropriate, and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 7 contracts
Samples: Master Custodian Agreement (Vanguard Institutional Index Funds), Master Custodian Agreement (Vanguard Florida Tax-Free Funds), Master Custodian Agreement (Vanguard New York Tax-Free Funds)
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “a Fund’s Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 6 contracts
Samples: Master Custodian Agreement (Aim Sector Funds (Invesco Sector Funds)), Master Custodian Agreement (Aim Tax-Exempt Funds (Invesco Tax-Exempt Funds)), Master Custodian Agreement (Invesco Senior Loan Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.. 2.5
Appears in 6 contracts
Samples: Custodian Contract (Invesco Specialty Funds Inc), Agreement (Vanguard Horizon Fund Inc), Custodian Contract (Invesco Treasurers Series Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 6 contracts
Samples: Custodian Agreement (State Street Master Funds), Custodian Agreement (Century Capital Managment Trust), Exhibit G Custodian Agreement (Morgan Keegan Select Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Trusts held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 5 contracts
Samples: Custodian Contract (Safeco Resource Series Trust), Custodian Contract (Safeco Taxable Bond Trust), Custodian Contract (Safeco Tax Exempt Bond Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund may be deposited by the Custodian to its credit as custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunder; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”"BOARD"). Such funds shall be deposited by the Custodian in its capacity as custodian and shall be withdrawable by the Custodian only in that capacity.. SECTION 2.5
Appears in 5 contracts
Samples: Custodian Agreement (Price T Rowe Tax Efficient Balanced Fund Inc), Custodian Agreement (Price T Rowe International Funds Inc), Custodian Agreement (T Rowe Price Summit Municipal Funds Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundFund which shall contain only property held by the Custodian as custodian for that Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 5 contracts
Samples: Custodian Contract (Neuberger Berman Advisers Management Trust), Custodian Contract (Neuberger Berman Advisers Management Trust), Custodian Contract (Neuberger & Berman Equity Assets)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Fund's Account or Accounts") in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the Fund, other than cash maintained by the Fund in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Managers of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 4 contracts
Samples: Custodian Contract (Money Market Variable Account /Ma/), Custodian Contract (Money Market Variable Account /Ma/), Custodian Contract (Money Market Variable Account /Ma/)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 4 contracts
Samples: Letter Agreement (Ssga Funds), Letter Agreement (Seven Seas Series Fund), Custodian Contract (Uslico Series Fund/Va/)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors/Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 4 contracts
Samples: Custodian Contract (Prudential Tax Managed Equity Fund), Custodian Contract (Prudential 20/20 Fund), Custodian Contract (Prudential Equity Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 4 contracts
Samples: Custodian Contract (Blackrock New York Municipal 2018 Term Trust), Custodian Contract (Blackrock Municipal 2018 Term Trust), Custodian Contract (Blackrock California Municipal 2018 Term Trust)
Bank Accounts. The Sub-Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Sub-Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Sub-Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Sub-Custodian in the banking department Banking Department of the Sub-Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian Sub-Custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Sub-Custodian in its capacity as custodian Sub-Custodian and shall be withdrawable by the Sub-Custodian only in that capacity.
Appears in 3 contracts
Samples: Sub Custodian Contract (St Clair Funds Inc), Sub Custodian Contract (St Clair Funds Inc), Sub Custodian Contract (Munder Funds Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject sub- ject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 ActInvestment Company Act of 1940, as amended, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (Scudder California Tax Free Trust), Custodian Contract (Scudder Tax Free Trust), Custodian Contract (Scudder State Tax Free Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies (a "Banking Institution") as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company Banking Institution shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company Banking Institution and the funds to be deposited with each such bank or trust company Banking Institution on behalf of each applicable Portfolio shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (Warburg Pincus Managed Eafe R Countries Fund Inc), Custodian Contract (Warburg Pincus Institutional Fund Inc), Custodian Contract (Warburg Pincus Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Agreement (MFS Charter Income Trust), Custodian Contract (Massachusetts Investors Growth Stock Fund), MFS Intermediate Income Trust
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust -------- company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Exhibit J (Blackrock Strategic Municipal Trust), Exhibit J (Blackrock New Jersey Strategic Municipal Trust), Exhibit J (Blackrock Pennsylvania Strategic Municipal Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Funda Portfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (RS Variable Products Trust), Custodian Contract (RS Variable Products Trust), Baillie Gifford International Fund Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Master Custodian Agreement (Scudder Advisor Funds Ii), Master Custodian Agreement (Scudder Equity 500 Index Portfolio), Master Custodian Agreement (DWS Dreman Value IncomEdge Fund, Inc.)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Funda Portfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (Rs Investment Trust), Custodian Agreement (Rs Investment Trust), Custodian Contract (Park Avenue Portfolio)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (MFS Special Value Trust), Custodian Contract (MFS Series Trust Viii), MFS Series Trust I
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Agreement (Dodge & Cox Funds), Custodian Agreement (Quantitative Group of Funds), Custodian Agreement (Legg Mason Global Asset Management Trust)
Bank Accounts. The Custodian shall open and maintain a separate -------------- bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that -------- every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors/Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Prudential Structured Maturity Fund Inc, Prudential Structured Maturity Fund Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fundapplicable Customer, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundCustomer, other than cash maintained by the Fund Customer in a bank account established and used in accordance with Rule 17f-3 under the 1940 Investment Company Act of 1940, as amended (“Investment Company Act”). Monies Funds held by the Custodian for the Fund applicable Customer may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Investment Company Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of the Customer be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (West Bay BDC LLC), Custodian Agreement (Goldman Sachs Private Credit Fund LLC)
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such -------- bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Painewebber Index Trust), Custodian Contract (Mitchell Hutchins Securities Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and Actand that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Morgan Stanley Series Funds), Custodian Contract (Morgan Stanley Balanced Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Master Custodian Contract (Munder Funds Inc), Master Custodian Contract (Munder Series Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Schroder Series Trust Ii), Custodian Contract (Schroder Capital Funds /Delaware/)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Investment Company Act of 1940, as amended (the "Investment Company Act, ") and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trustees. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Kemper Floating Rate Fund, Kemper Floating Rate Fund
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Agreement (Rochdale Investment Trust), Custodian Agreement (Liberty Funds Trust V)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Fund of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Goldman Sachs MLP & Energy Renaissance Fund), Custodian Contract (Goldman Sachs MLP Income Opportunities Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Master Custodian Agreement (Scudder Rreef Real Estate Fund Ii Inc), Master Custodian Agreement (Scudder Rreef Real Estate Fund Ii Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Master Custodian Agreement (Gabelli Gold Fund Inc), Master Custodian Agreement (Gabelli Equity Series Funds Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Trusts held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds Trusts to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds Trusts shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Stein Roe Institutional Trust, Stein Roe Institutional Trust
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Agreement (Wasatch Funds Trust), Custodian Agreement (Wasatch Funds Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and Actand that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Morgan Stanley Institutional Liquidity Funds), Custodian Contract (Morgan Stanley Institutional Fund Inc)
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Fund’s Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.. Information Classification: Limited Access
Appears in 2 contracts
Samples: Custodian Agreement (Cliffwater Enhanced Lending Fund), Master Custodian Agreement (Weiss Strategic Interval Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account Fund Account or accounts Accounts in the United States in the name of each Fund of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Related Services Agreement (MFS Series Trust XII), Custody and Related Services Agreement (MFS Series Trust X)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 1 7f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “"Board”"). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: RCM Equity Funds Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 ActInvestment Company Act of 1940, as amended, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority major- ity of the board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Custodian Contract (Scudder Variable Life Investment Fund/Ma/)
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of the Fund which shall contain only property held by the Custodian as Custodian for the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Custodian Contract (Gt Global Floating Rate Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundTrust, other than cash maintained by the Fund Trust in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, ; however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: MFS Multimarket Income Trust
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 ActInvestment Act of 1940, as amended, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of the Fund be approved by vote of a majority of the board Board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trustees. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Custodian Agreement (Baupost Fund)
Bank Accounts. The Sub-Custodian shall open and maintain a separate ------------- bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Sub-Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Sub- Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Sub- Custodian in the banking department Banking Department of the Sub-Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall -------- be qualified to act as a custodian Sub-Custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Sub-Custodian in its capacity as custodian Sub-Custodian and shall be withdrawable by the Sub-Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund, if required, be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Fund's Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account Portfolio Account or accounts Accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.. 8
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund may be a Portfolio maybe deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Master Custodian Agreement (Ned Davis Research Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Enterprise Accumulation Trust
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 1 7f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Alliance Institutional Funds Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 l7f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trustees. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Custodian Agreement (Flex Partners/)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portf6lio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Scudder Pathway Series /New/
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “"Board”"). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Fund's Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Master Custodian Agreement (Value Line Asset Allocation Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such -------- bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable withdrawal by the Custodian only in that capacity.
Appears in 1 contract
Samples: Brazos Mutual Funds
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Fund's Account or Accounts") in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the Fund, other than cash maintained by the Fund in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Fund of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company -------- shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacityCapacity.
Appears in 1 contract
Samples: Goldman Sachs Trust
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Form of Custodian Agreement (Alliancebernstein Corporate Shares)
Bank Accounts. The Custodian shall open and maintain a ------------- separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, -------- however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of the Fund be approved by vote of a majority of the board Board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trustees. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Sub-Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Sub-Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Sub-Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Sub-Custodian in the banking department Banking Department of the Sub-Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian Sub-Custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Sub-Custodian in its capacity as custodian Sub-Custodian and shall be withdrawable by the Sub-Custodian only in that capacity.
Appears in 1 contract
Samples: Sub Custodian Contract (Munder Framlington Funds Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be 10 deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Anchor Series Trust
Bank Accounts. The Custodian shall open and maintain a separate bank -------------- account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust -------- company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of the Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: First Global Equity Portfolio
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only on1y to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors/Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Custodian Contract (Prudential Government Securities Trust)
Bank Accounts. The Custodian custodian shall open and maintain a separate bank ---- -------- account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be -------- qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Investment Company Act of l940 and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Custodian Contract (Painewebber Investment Trust Ii)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: MFS Series Trust Vii
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedProvided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Merrill Lynch Global Convertible Securities Fund Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custo- xxxx in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 ActInvestment Company Act of 1940, as amended, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies (a "Banking Institution") as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company Banking Institution shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company Banking Institution and the funds to be deposited with each such bank or trust company Banking Institution on behalf of each applicable Portfolio shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 1 7f-3 under the Investment Company Act of 1940, as amended. (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust mist company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds hands to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds hands shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.. SECTION 2.5
Appears in 1 contract
Samples: Master Custodian Agreement (Gabelli 787 Fund, Inc.)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedpro- vided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 ActInvestment Company Act of 1940, as amended, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in n accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
