Common use of Actions Permitted without Express Authority Clause in Contracts

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 17 contracts

Samples: Custody Agreement (Franklin BSP Private Credit Fund), Custody Agreement (Apollo Senior Floating Rate Fund Inc.), Custody Agreement (Panagram Capital, LLC)

AutoNDA by SimpleDocs

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general general, attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 7 contracts

Samples: Custody Agreement (Portman Ridge Finance Corp), Custody Agreement (Investcorp US Institutional Private Credit Fund), Custody Agreement (HPS Corporate Lending Fund)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities Securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities Securities and property of the Company.

Appears in 5 contracts

Samples: Custody Agreement (Guggenheim Credit Income Fund 2021), Custody Agreement (Golub Capital BDC 3, Inc.), Custody Agreement (Carey Credit Income Fund 2018 T)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general general, attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 3 contracts

Samples: Custody Agreement (Terra Income Fund 6, Inc.), Custody Agreement (Terra Income Fund 6, Inc.), Custody Agreement (BUSINESS DEVELOPMENT Corp OF AMERICA II)

Actions Permitted without Express Authority. The Custodian mayCustodian, may at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b3.7(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 3 contracts

Samples: Custodian Agreement (Kohlberg Capital, LLC), Custodian Agreement (Ares Capital Corp), Custodian Agreement (Ares Capital Corp)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others others, to the extent reasonably incurred, for minor expenses of handling securities or other similar items relating to its duties under this agreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 2 contracts

Samples: Custody Agreement (Bain Capital Private Credit), Custody Agreement (Bain Capital Specialty Finance, Inc.)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b3.7(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 2 contracts

Samples: Custodian Agreement (GSC Investment LLC), Custodian Agreement (GSC Investment Corp.)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b)) of this Agreement, or to make payments to itself or others for minor customary expenses of handling securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities Securities and property of the Company.

Appears in 2 contracts

Samples: Custody Agreement (Golub Capital BDC 4 LLC), Custody Agreement (Golub Capital Direct Lending LLC)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 2 contracts

Samples: Custody Agreement (Eagle Point Credit Co LLC), Custody Agreement (MONROE CAPITAL Corp)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general general, attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 1 contract

Samples: Custody Agreement (BUSINESS DEVELOPMENT Corp OF AMERICA II)

Actions Permitted without Express Authority. The Custodian may, at may in its discretion, without express authority from the CompanyFund on behalf of each applicable Portfolio: (a1) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementContract, provided that all such payments shall be accounted for to the CompanyFund on behalf of the Portfolio and provided that the Fund shall not object to such payments; (b2) surrender Securities securities in temporary form for Securities securities in definitive form; (c3) endorse for collection chequescollection, in the name of the Portfolio, checks, drafts and other negotiable instruments; and (d4) in general general, attend to all nondiscretionary non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the CompanyPortfolio except as otherwise directed by the Board of Trustees of the Fund.

Appears in 1 contract

Samples: Custodian Contract (Merrill Lynch Index Trust)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreement, Agreement provided however that all such payments shall be regularly accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 1 contract

Samples: Custody Agreement (FIDUS INVESTMENT Corp)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities Securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general general, attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities Securities and property of the Company.

Appears in 1 contract

Samples: Custody Agreement (Steele Creek Capital Corp)

Actions Permitted without Express Authority. The Custodian may, at may in its discretion, without express authority from the CompanyTrust: (a1) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementAgreement, provided provided, that all such payments shall be accounted for by the Custodian to the CompanyTreasurer of the Trust and shall be subject to subsequent approval by an officer of the Trust; (b2) surrender Securities securities in temporary form for Securities securities in definitive form; (c3) endorse for collection chequescollection, in the name of the Trust, checks, drafts and other negotiable instruments; and (d4) in general general, attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the CompanyTrust except as otherwise directed by the Trust.

Appears in 1 contract

Samples: Custodian Agreement (Information Age Portfolio)

AutoNDA by SimpleDocs

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreement, Agreement; provided that all such payments shall be regularly accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 1 contract

Samples: Custody Agreement (OFS Capital, LLC)

Actions Permitted without Express Authority. The Custodian may, at may in its discretion, without express authority from the CompanyFund on behalf of each applicable Portfolio: (a1) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementContract, provided that all such payments shall be accounted for to the CompanyFund on behalf of the Portfolio and provided that the Fund shall not object to such payments; (b2) surrender Securities securities in temporary form for Securities securities in definitive form; (c3) endorse for collection chequescollection, in the name of the Portfolio, checks, drafts and other negotiable instruments; and (d4) in general general, attend to all nondiscretionary non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the CompanyPortfolio except as otherwise directed by the Board of Directors of the Fund.

Appears in 1 contract

Samples: Custodian Contract (Merrill Lynch Index Funds Inc)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 1 contract

Samples: Custody Agreement (Stone Point Capital Credit LLC)

Actions Permitted without Express Authority. The Custodian may, at may in its discretion, without express authority from the CompanyFund: (ai) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementAgreement; provided, provided however, that all such payments shall be accounted for to the CompanyFund; (bii) surrender Securities securities in temporary form for Securities securities in definitive form; (ciii) endorse for collection chequescollection, in the name of the Fund, checks, drafts and other negotiable instrumentsorders for the payment of money received by the Custodian for the account of the Fund; and (div) in general general, attend to all nondiscretionary non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the CompanyFund, except as otherwise directed by the Individual Managing Member.

Appears in 1 contract

Samples: Custodian Agreement (Beaumont Fund LLC)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the CompanyCompanies: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities Securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the CompanyCompanies; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities Securities and property of the CompanyCompanies.

Appears in 1 contract

Samples: Custody Agreement (Carey Credit Income Fund 2015 T)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the CompanyFund: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreementAgreement, provided that all such payments shall be accounted for to the CompanyFund; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection chequeschecks, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities Securities and property of the CompanyFund.

Appears in 1 contract

Samples: Custody Agreement (Parkview Capital Credit, Inc.)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreement, Agreement; provided that all such payments shall be accounted for to the Company; (b) surrender Securities in temporary form for Securities in definitive form; (c) endorse for collection cheques, drafts and other negotiable instruments; and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.

Appears in 1 contract

Samples: Custody Agreement (Princeton Capital Corp)

Actions Permitted without Express Authority. The Custodian may, at its discretion, without express authority from the Company: : (a) make payments to itself as described in or pursuant to Section 3.9(b), or to make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this agreement, provided that all such payments shall be accounted for to the Company; ; (b) surrender Securities in temporary form for Securities in definitive form; ; (c) endorse for collection cheques, drafts and other negotiable instruments; and and (d) in general attend to all nondiscretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company.. 7.6

Appears in 1 contract

Samples: Custody Agreement (Flat Rock Capital Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!