Common use of Commencement of Litigation Clause in Contracts

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s prior consent, which consent shall not be unreasonably withheld.

Appears in 19 contracts

Samples: Custodian Agreement (BlackRock Multi-Sector Opportunities Trust II), Custodian Agreement (Blackrock Muniyield New Jersey Fund, Inc.), Custodian Agreement (BlackRock Fixed Income Value Opportunities II)

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Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 17 contracts

Samples: Agreement Between (Blackrock Municipal Income Investment Trust), Agreement Between (Blackrock Muniyield Michigan Quality Fund, Inc.), Agreement Between (Blackrock Muniholdings New Jersey Quality Fund, Inc.)

Commencement of Litigation. The Custodian may not commence any litigation exclusively on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s prior written consent. Except where the Custodian is a necessary party to the litigation, a A Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s prior consent, which consent shall not be unreasonably withheld.

Appears in 4 contracts

Samples: Agreement (Hartford Funds Master Fund), Agreement Between (Hartford HLS Series Fund Ii Inc), Agreement (Hartford Mutual Funds Inc/Ct)

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions from the Fund's Board or with the applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Agreement (Gmam Absolute Return Strategies Fund LLC)

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s 's prior written written: consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Agreement (Blackrock California Municipal Income Trust)

Commencement of Litigation. The Notwithstanding the foregoing, the Custodian may not commence any litigation on behalf of the Trust or a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s prior written consent. Except where the Custodian is a necessary party to the litigation, the Trust or a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Custody Agreement (Bridge Builder Trust)

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Commencement of Litigation. The Custodian may not commence any litigation exclusively on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a A Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Custodian Agreement (Hartford Funds Master Fund)

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably reasonably withheld.

Appears in 1 contract

Samples: Procedural Agreement (Mlig Variable Insurance Trust)

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions from the Fund's Board or with the applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld. Section 6.04.

Appears in 1 contract

Samples: Custodian Agreement (Gmam Absolute Return Strategies Fund LLC)

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