Alternative Assets. The Custodian may agree to reflect the Client’s Alternative Assets on its books, records or statements. Unless otherwise agreed in writing, the Custodian will not perform any other services or assume any obligations in relation to Alternative Assets. The Custodian may, in limited cases, agree to register the Client’s interests in Alternative Assets in the name of the Custodian, subject to additional documentation and other requirements as the Custodian may specify from time to time.
Alternative Assets. State Street may agree to reflect the Client’s Alternative Assets on its books, records or statements. Unless otherwise agreed in writing, State Street will not perform any other services or assume any obligations in relation to Alternative Assets. State Street may, in limited cases, agree to register the Client’s interests in Alternative Assets in the name of State Street, subject to additional documentation and other requirements as State Street may specify from time to time.
Alternative Assets. The Custodian will hold Alternative Assets delivered or credited to its account under this Agreement directly or through accounts at Subcustodians. In turn, Subcustodians will hold Alternative Assets directly. The books and records of the Custodian will at all times identify those Alternative Assets belonging to the Client, whether held directly at the Custodian or through accounts at Subcustodians. In the event that the Client holds interests in Alternative Assets such as investment funds, accounts or vehicles, the Investment Documents related to such investments will be custodied as provided in Section 11. Unless otherwise agreed in writing, the Custodian will not perform any other services or assume any obligations in relation to Alternative Assets.
Alternative Assets. The Sellers acknowledge that the Purchaser is taking on certain financial, operational, and other risks by payment of the Agreement Initiation Fee and agreeing to fund various studies to develop the Invention. In the event that (i) the Invention cannot establish satisfactory results in the Validation Studies, or (ii) Purchaser is unable to obtain a patent relating to the Invention despite necessary efforts and resources, this agreement becomes null and void at the Purchaser’s sole discretion.
