Common use of Actions Permitted without Express Authority Clause in Contracts

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the Trust: 1) make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that all such payments shall be accounted for to the Trust; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the Trust, checks, drafts and other negotiable instruments; and 4) in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust except as otherwise directed by the Board of Trustees of the Trust.

Appears in 2 contracts

Samples: Custodian Contract (Nuveen Flagship Multistate Trust Iv), Custodian Contract (Nuveen Flagship Multistate Trust I)

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Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the TrustCompany: 1) make Make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that the Company shall be notified of all such payments shall be accounted for to the Trustin advance; 2) surrender Surrender securities in temporary form for securities in definitive form; 3) endorse Endorse for collection, in the name names of the Trustapplicable Fund, checks, drafts and other negotiable instruments; and 4) in In general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Company except as otherwise directed by the Board of Trustees of the TrustCompany.

Appears in 2 contracts

Samples: Custodian Contract (Schroder Capital Funds /Delaware/), Custodian Contract (Schroder Capital Funds)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the TrustFund: 1) make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that all such payments shall be accounted for to the TrustFund; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the TrustFund, checks, drafts and other negotiable instruments; and 4) in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Fund except as otherwise directed by the Board of Trustees Directors of the TrustFund. 5.

Appears in 2 contracts

Samples: Custodian Contract (Bat Subsidiary Inc), Custodian Contract (BGT Subsidiary Inc)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the TrustFund: 1) make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided PROVIDED that all such payments shall be accounted for to the TrustFund; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the TrustFund, checks, drafts and other negotiable instruments; and 4) in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Fund except as otherwise directed by the Board of Trustees of the TrustFund.

Appears in 1 contract

Samples: Custodian Contract (Sei International Trust)

Actions Permitted without Express Authority. The Custodian may in its discretion, discretion and without express authority from the Trust: 1) make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that all such payments shall be accounted for to the Trust; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the Trusta Fund, checks, drafts and other negotiable instruments; and 4) in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust a Fund except as otherwise directed by the Board of Trustees of the TrustTrust or a duly authorized committee thereof.

Appears in 1 contract

Samples: Schwab Capital Trust

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the TrustFund: 1) make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this ContractAgreement, provided that all such payments shall be accounted for to the TrustFund; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the TrustFund, checks, drafts and other negotiable instruments; and 4) in general, attend to all non-discretionary non‑discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Fund except as otherwise directed by the Board of Trustees of the TrustBoard.

Appears in 1 contract

Samples: Custodian Agreement (Neuberger Berman Next Generation Connectivity Fund Inc.)

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Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the TrustFund: 1) make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that all such payments shall be accounted for to the TrustFund; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the TrustFund, checks, drafts and other negotiable instruments; and 4) in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Fund except as otherwise directed by the Board of Trustees Directors of the Trust.Fund. 2.18

Appears in 1 contract

Samples: Custodian Contract (Usaa Mutual Fund Inc)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the TrustFund: 1) make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that all such payments shall be accounted for to the TrustFund; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the TrustFund, checks, drafts and other negotiable instruments; and 4) in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Fund except as otherwise directed by the Board of Trustees Directors of the Trust.Fund. 2.18

Appears in 1 contract

Samples: Custodian Contract (Clipper Fund Inc)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the TrustFund: 1) make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that all such payments shall be accounted for to the TrustFund; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the TrustFund, checks, drafts and other negotiable instruments; and 4) in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Fund except as otherwise directed by the Board of Trustees Directors of the Trust.Fund. 2.19

Appears in 1 contract

Samples: Custodian Contract (Fundamental Investors Inc)

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