Appointment of Subcustodians; Use of Securities Depositories. (a) Subject to the provisions of Section 2.17, Bank is authorized under this Agreement to act through and hold Customer’s Financial Assets with subcustodians, being at the date of this Agreement the entities listed in Schedule 1 and/or such other entities as Bank may appoint as subcustodians (“Subcustodians”). Bank will use reasonable care in the selection and continued appointment of such Subcustodians. In addition, Bank and each Subcustodian may deposit Financial Assets with, and hold Financial Assets in, any securities depository, settlement system, dematerialized book entry system or similar system (together a “Securities Depository”) on such terms as such systems customarily operate and Customer will provide Bank with such documentation or acknowledgements that Bank may require to hold the Financial Assets in such systems.
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Samples: Global Custody Agreement (Morgan Stanley Institutional Fund Trust), Global Custody Agreement (Universal Institutional Funds Inc), Custody Agreement (Morgan Stanley Frontier Emerging Markets Fund, Inc.)
Appointment of Subcustodians; Use of Securities Depositories. (a) Subject to the provisions of Section 2.17, Bank is authorized under this Agreement to act through and hold Customer’s 's Financial Assets with subcustodians, being at the date of this Agreement the entities listed in Schedule 1 and/or such other entities as Bank may appoint as subcustodians (“Subcustodians”"SUBCUSTODIANS"). Bank will shall use reasonable care in the selection and continued appointment of such Subcustodians. In addition, Bank and each Subcustodian may deposit Financial Assets with, and hold Financial Assets in, any securities depository, settlement system, dematerialized book entry system or similar system (together a “Securities Depository”"SECURITIES DEPOSITORY") on such terms as 12 Global Custody Agreement - U.S. Law March 2001 version 233273:v07 such systems customarily operate and Customer will shall provide Bank with such documentation or acknowledgements that Bank may require to hold the Financial Assets in such systems.
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Samples: Global Custody Agreement (Columbia Balanced Fund Inc /Or)
Appointment of Subcustodians; Use of Securities Depositories. (a) Subject to the provisions of Section 2.17, Bank is authorized under this Agreement to act through and hold Customer’s 's Financial Assets with subcustodians, being at the date of this Agreement the entities listed in Schedule 1 and/or such other entities as Bank may appoint as subcustodians (“Subcustodians”"SUBCUSTODIANS"). Bank will use reasonable care in the selection and continued appointment of such Subcustodians. In addition, Bank and each Subcustodian may deposit Financial Assets with, and hold Financial Assets in, any securities depository, settlement system, dematerialized book entry system or similar system (together a “Securities Depository”"SECURITIES DEPOSITORY") on such terms as such systems customarily operate and Customer will provide Bank with such documentation or acknowledgements that Bank may require to hold the Financial Assets in such systems.
Appears in 1 contract
Samples: Global Custody Agreement (Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.)