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 12 contracts

Samples: Custodian Contract (MFS Charter Income Trust), Custodian Contract (Massachusetts Investors Growth Stock Fund), Custodian Contract (MFS Series Trust I)

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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 of the TrustFund.

Appears in 9 contracts

Samples: Custodian Contract (Van Kampen Series Fund Inc), Custodian Contract (Van Kampen American Capital Senior Income Trust), Custodian Contract (Van Kampen Series Fund Inc)

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 expense 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 TrustCompany; (2) surrender Surrender securities in temporary form for securities in definitive form; (3) endorse Endorse for collection, in the name of the TrustCompany, checks, drafts draws and other negotiable instruments; and (4) in In general, attend to all non-discretionary discretional 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 TrustBoard.

Appears in 7 contracts

Samples: Custodian Contract (Phillip Street Middle Market Lending Fund LLC), Master Custodian Contract (Goldman Sachs Private Markets Fund 2018 LLC), Master Custodian Contract (Goldman Sachs Private Markets Fund 2018 (B) LLC)

Actions Permitted without Express Authority. The Custodian may 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 ContractAgreement, provided that all such payments shall will 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 TrustTrust on behalf of the Fund(s), 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 Trust, except as otherwise directed by the Trust or the Board of Trustees of the Trust.

Appears in 6 contracts

Samples: Agreement and Declaration of Trust (Kiewit Investment Trust), Custody Agreement (Brazos Mutual Funds), Custody Agreement (Lend Lease Funds)

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

Appears in 5 contracts

Samples: Custody Agreement (Franklin Principal Maturity Trust), Custody Agreement (Franklin Templeton Global Trust), Custody Agreement (Franklin International 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 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 TrustPortfolio, 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 Portfolio except as otherwise directed by the Board of Trustees of the TrustFund.

Appears in 5 contracts

Samples: Custodian Contract (Janus Adviser Series), Custody Agreement (Janus Aspen Series), Custodian Contract (Janus Investment Fund)

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 ContractAgreement, 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 4 contracts

Samples: Custodian Agreement (Nuveen Long/Short Commodity Total Return Fund), Custodian Agreement (Nuveen Long/Short Commodity Total Return Fund), Custodian Agreement (Nuveen Diversified Commodity Fund)

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 Trust; Fund; 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 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 3 contracts

Samples: Custodian Contract (Blackrock California Municipal Income Trust), Custodian Contract (Blackrock Municipal Income Trust), Custodian Contract (Blackrock New Jersey Municipal Income Trust)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the TrustCustomer: (1) make Make payments to itself or others for minor expenses expense 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 TrustCustomer; (2) surrender Surrender securities in temporary form for securities in definitive form; (3) endorse Endorse for collection, in the name of the TrustCustomer, checks, drafts draws and other negotiable instruments; and (4) in In general, attend to all non-discretionary discretional details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Customer except as otherwise directed by the Board of Trustees of the TrustBoard.

Appears in 2 contracts

Samples: Custodian Contract (West Bay BDC LLC), Custodian Contract (Goldman Sachs Private Credit Fund LLC)

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

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 TrustPortfolio, 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 Portfolio except as otherwise directed by the Board of Trustees of the TrustBoard.

Appears in 2 contracts

Samples: Custodian Contract (Clayton Street Trust), Custodian Contract (Janus Detroit Street Trust)

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 (MFS Multimarket Income Trust), Custodian Contract (MFS Government Markets Income Trust)

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 Contractcontract, 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 Agreement (Freedom Group of Tax Exempt Funds), Custodian Agreement (Freedom Mutual Fund)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the Trust: 1) make . Make payments to itself or others for minor ordinary operating expenses of handling securities or other similar items relating to its duties under this ContractAgreement, provided that all such payments shall will be accounted for to the Trust; 2) surrender . Surrender securities in temporary form for securities in definitive form; 3) endorse . Endorse for collection, in the name of the TrustTrust or a 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 Trust, except as otherwise directed by the Board Trust or the Board. In no event, however, may the Custodian assign, hypothecate, pledge or otherwise dispose of Trustees assets, except pursuant to the Proper Instructions of the Trust.

Appears in 2 contracts

Samples: Fund Administration Agreement (FBR Family of Funds), Agreement for Fund Administration, Fund Accounting Services, Transfer Agency Services and Custody Services (FBR Funds)

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 ContractAgreement, 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 TrustTrustees.

Appears in 1 contract

Samples: Custodian Agreement (Evergreen Income Advantage Fund)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the Trust:; 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, in the applicable Fund provided that all such payments shall be accounted for to the Trust; 2) surrender Surrender securities in temporary form for securities in definitive form; 3) endorse Endorse for collection, in the name of a Fund or the TrustTrust as the case may be, 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 Funds except as otherwise directed by the Board of Trustees of the Trust.

Appears in 1 contract

Samples: Custodian Contract (Advantus Series Fund Inc)

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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 out of pocket 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-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 1 contract

Samples: Custodian Contract (Blackrock Mqe Investors)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the Trust: 1) make . Make payments to itself or others for minor ordinary operating expenses of handling securities or other similar items relating to its duties under this ContractAgreement, provided that all such payments shall will be accounted for to the Trust; 2) surrender . Surrender securities in temporary form for securities in definitive form; 3) endorse . Endorse for collection, in the name of the Trust, 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 Trust, except as otherwise directed by the Board Trust or the Board. In no event, however, may the Custodian assign, hypothecate, pledge or otherwise dispose of Trustees assets, except pursuant to the Proper Instructions of the Trust.

Appears in 1 contract

Samples: Administrative Services Agreement (FBR Fund for Government Investors)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the Trust:Fund; 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 instrumentsInstruments; 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 sad property of the Trust Fund except as otherwise directed by the Board of Trustees of the TrustFund.

Appears in 1 contract

Samples: Custodian Contract (Cash Reserves Portfolio)

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 ContractAgreement, 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 TrustTrust for a given Fund, checks, drafts and other negotiable instruments; and 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 Funds of the Trust except as otherwise directed by the Trust or the Board of Trustees of the Trust.

Appears in 1 contract

Samples: Custody Agreement (Pra Securities Trust /)

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 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 1 contract

Samples: Custodian Contract (MFS Intermediate Income Trust)

Actions Permitted without Express Authority. The Custodian may 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 ContractAgreement, provided that all such payments shall will 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 TrustTrust on behalf of the Fund(s), checks, drafts and other negotiable instruments; and and 4) . in general, attend to all non-non- discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Trust Trust, except as otherwise directed by the Trust or the Board of Trustees of the Trust.

Appears in 1 contract

Samples: Custody Agreement (Homestate Group)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the Trust: 11 (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 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 1 contract

Samples: Custodian Contract (Steinroe Investment Trust)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the Trusta Portfolio: 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 TrustPortfolios; 2) surrender securities in temporary form for securities in definitive form; 3) endorse for collection, in the name of the Trusta Portfolio, 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 Portfolio except as otherwise directed by the Board of Trustees of the TrustFund.

Appears in 1 contract

Samples: Custodian Contract (Heritage Series Trust)

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 ContractAgreement, 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 TrustBoard.

Appears in 1 contract

Samples: Custodian Agreement (Premier Multi-Series VIT)

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 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: Custodian Contract (Schwab Capital Trust)

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