Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund may be deposited by the Custodian to its credit as custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunder; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 99 contracts
Samples: Custodian Agreement (T. Rowe Price Spectrum Funds II, Inc.), Custodian Agreement (T. Rowe Price Retirement Funds, Inc.), Custodian Agreement (T. Rowe Price Retirement Funds, Inc.)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 60 contracts
Samples: Master Custodian Agreement (Nuveen High Income 2020 Target Term Fund), Custodian Agreement (Diversified Real Asset Income Fund), Custodian Agreement (Nuveen Global High Income Fund)
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Fund’s Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 55 contracts
Samples: Master Custodian Agreement (Lincoln Funds Trust), Master Custodian Agreement (Venerable Variable Insurance Trust), Master Custodian Agreement (Harbor Funds II)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 53 contracts
Samples: Custodian Contract (Clayton Street Trust), Custodian Contract (Janus Aspen Series), Custodian Contract (Janus Investment Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 48 contracts
Samples: Custodian Contract (Morgan Stanley Institutional Fund Inc), Custodian Contract (Morgan Stanley Institutional Fund Inc), Custodian Contract (Morgan Stanley Institutional Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 28 contracts
Samples: Master Custodian Agreement (DWS Balanced Fund), Master Custodian Agreement (Scudder High Income Series), Master Custodian Agreement (Scudder Tax Free Money Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund may be deposited by the Custodian to its credit as custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunder; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “"Board”"). Such funds shall be deposited by the Custodian in its capacity as custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 25 contracts
Samples: Custodian Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.), Custodian Agreement (T. Rowe Price Reserve Investment Funds, Inc.), Custodian Agreement (T. Rowe Price Inflation Protected Bond Fund, Inc.)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 25 contracts
Samples: Custodian Agreement (Neuberger Berman Intermediate Municipal Fund Inc), Custodian Agreement (Neuberger Berman Dividend Advantage Fund Inc), Custodian Agreement (Neuberger Berman New York Intermediate Municipal Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 23 contracts
Samples: Custodian Contract (Legg Mason Light Street Trust Inc), Transfer Agency and Service Agreement (Lm Institutional Fund Advisors Ii Inc), Custodian Contract (Hartford Mutual Funds Inc/Ct)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Investment Company Act of 1940, as amended (the "Investment Company Act, ") and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trustees. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 20 contracts
Samples: Custodian Contract (Investors Cash Trust), Custodian Contract (Scudder Value Series Inc), Custodian Contract (Zurich Yieldwise Money Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 18 contracts
Samples: Master Custodian Agreement (Nuveen Preferred Convertible Income Fund), Master Custodian Agreement (Nuveen Investment Trust), Master Custodian Agreement (Nuveen Floating Rate Income Opportunity Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund may be deposited by the Custodian to its credit as custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunder; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”"BOARD"). Such funds shall be deposited by the Custodian in its capacity as custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 17 contracts
Samples: Custodian Agreement (T Rowe Price Institutional International Funds Inc), Custodian Agreement (Price T Rowe New Income Fund Inc), Custodian Agreement (Price T Rowe Science & Technology Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 17 contracts
Samples: Master Custodian Contract (Aim Variable Insurance Funds (Invesco Variable Insurance Funds)), Master Custodian Contract (Aim Counselor Series Trust (Invesco Counselor Series Trust)), Master Custodian Contract (Invesco High Income 2024 Target Term Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 17 contracts
Samples: Custodian Agreement (Davis Variable Account Fund Inc), Custodian Agreement (Henderson Global Funds), Custodian Agreement (Commonwealth Cash Reserve Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 17 contracts
Samples: Master Custodian Agreement (Calvert SAGE Fund), Master Custodian Agreement (Calvert SAGE Fund), Master Custodian Agreement (Calvert Social Investment Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 14 contracts
Samples: Master Custodian Contract (Invesco Van Kampen Senior Loan Fund), Master Custodian (Aim Floating Rate Fund), Master Custodian (Aim Floating Rate Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 14 contracts
Samples: Custodian Contract (Equi Select Series Trust), Custodian Contract (Growth Portfolio/Ca/), Custodian Contract (Mitchell Hutchins Lir Money Series)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 11 contracts
Samples: Custodian Contract (Van Kampen Trust for Investment Grade Florida Municipals), Custodian Contract (Van Kampen Dynamic Credit Opportunities Fund), Custodian Contract (Van Kampen Trust for Investment Grade New Jersey Municipals)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundFund which shall contain only property held by the Custodian as custodian for that Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 11 contracts
Samples: Custodian Contract (Neuberger & Berman Income Funds), Custodian Contract (Equity Managers Trust), Custodian Contract (Neuberger & Berman Equity Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 9 contracts
Samples: Form of Custodian Agreement (Metropolitan Series Fund Ii), Custodian Agreement (MTB Group of Funds), Custodian Agreement (Dodge & Cox Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors Trustees or the board Board of trustees Directors of the applicable Fund (as appropriate appropriate, and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 9 contracts
Samples: Master Custodian Agreement (Vanguard Institutional Index Funds), Master Custodian Agreement (Vanguard California Tax-Free Funds), Master Custodian Agreement (Vanguard Ohio Tax-Free Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fundeach Fund , subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 9 contracts
Samples: Van Kampen Series Fund Inc, Van Kampen American Capital Senior Income Trust, Van Kampen Series Fund Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 17f‑3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors Trustees or the board Board of trustees Directors of the applicable Fund (as appropriate appropriate, and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 7 contracts
Samples: Master Custodian Agreement (Vanguard Institutional Index Funds), Master Custodian Agreement (Vanguard California Tax-Free Funds), Master Custodian Agreement (Vanguard Florida Tax-Free Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 7 contracts
Samples: Custodian Contract (Hartford Series Fund Inc), Custodian Contract (Connecticut Mutual Investment Accounts Inc), Custodian Contract (Hartford HLS Series Fund Ii Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.. 2.5
Appears in 6 contracts
Samples: Agreement (Vanguard Horizon Fund Inc), Custodian Contract (Invesco Specialty Funds Inc), Custodian Contract (Invesco Treasurers Series Trust)
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “a Fund’s Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 6 contracts
Samples: Master Custodian Agreement (Aim Sector Funds (Invesco Sector Funds)), Master Custodian Agreement (Aim Tax-Exempt Funds (Invesco Tax-Exempt Funds)), Master Custodian Agreement (Invesco Senior Loan Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 6 contracts
Samples: Exhibit G Custodian Agreement (Morgan Keegan Select Fund Inc), Custodian Agreement (Security Equity Fund), Custodian Agreement (Davis Variable Account Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the Fund may be deposited by the Custodian to its credit as custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunder; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”"BOARD"). Such funds shall be deposited by the Custodian in its capacity as custodian and shall be withdrawable by the Custodian only in that capacity.. SECTION 2.5
Appears in 5 contracts
Samples: Custodian Agreement (Institutional International Funds Inc), Custodian Agreement (T Rowe Price Summit Municipal Funds Inc), Custodian Agreement (Price T Rowe New America Growth Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundFund which shall contain only property held by the Custodian as custodian for that Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 5 contracts
Samples: Custodian Contract (Neuberger Berman Advisers Management Trust), Custodian Contract (Neuberger Berman Advisers Management Trust), Custodian Contract (Neuberger & Berman Equity Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Trusts held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 5 contracts
Samples: Custodian Contract (Safeco Common Stock Trust), Custodian Contract (Safeco Tax Exempt Bond Trust), Custody Agreement (Safeco Money Market Trusts)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Fund's Account or Accounts") in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the Fund, other than cash maintained by the Fund in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Managers of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 4 contracts
Samples: Custodian Contract (Money Market Variable Account /Ma/), Custodian Contract (Money Market Variable Account /Ma/), Custodian Contract (Money Market Variable Account /Ma/)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 4 contracts
Samples: Custodian Contract (Blackrock New York Municipal 2018 Term Trust), Custodian Contract (Blackrock Florida Municipal 2020 Term Trust), Custodian Contract (Blackrock California Municipal 2018 Term Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 4 contracts
Samples: Letter Agreement (Seven Seas Series Fund), Letter Agreement (Ssga Funds), Custodian Contract (Uslico Series Fund/Va/)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors/Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 4 contracts
Samples: Custodian Contract (Prudential Equity Fund), Custodian Contract (Prudential 20/20 Fund), Custodian Contract (Prudential Tax Managed Equity Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust -------- company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Exhibit J (Blackrock Strategic Municipal Trust), Exhibit J (Blackrock Pennsylvania Strategic Municipal Trust), Exhibit J (Blackrock New Jersey Strategic Municipal Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Agreement (MFS Charter Income Trust), Custodian Contract (Massachusetts Investors Growth Stock Fund), MFS Intermediate Income Trust
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Agreement (Dodge & Cox Funds), Custodian Agreement (Legg Mason Global Asset Management Trust), Custodian Agreement (Quantitative Group of Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Funda Portfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (RS Variable Products Trust), Custodian Contract (RS Variable Products Trust), Baillie Gifford International Fund Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies (a "Banking Institution") as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company Banking Institution shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company Banking Institution and the funds to be deposited with each such bank or trust company Banking Institution on behalf of each applicable Portfolio shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (Warburg Pincus Trust), Custodian Contract (Warburg Pincus Institutional Fund Inc), Custodian Contract (Warburg Pincus Managed Eafe R Countries Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (MFS Special Value Trust), Custodian Contract (MFS Series Trust Viii), MFS Series Trust I
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Funda Portfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (Rs Investment Trust), Custodian Agreement (Rs Investment Trust), Custodian Contract (Park Avenue Portfolio)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Master Custodian Agreement (DWS Dreman Value IncomEdge Fund, Inc.), Master Custodian Agreement (Scudder Advisor Funds Ii), Master Custodian Agreement (Scudder Equity 500 Index Portfolio)
Bank Accounts. The Sub-Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Sub-Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Sub-Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Sub-Custodian in the banking department Banking Department of the Sub-Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian Sub-Custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Sub-Custodian in its capacity as custodian Sub-Custodian and shall be withdrawable by the Sub-Custodian only in that capacity.
Appears in 3 contracts
Samples: Sub Custodian Contract (St Clair Funds Inc), Sub Custodian Contract (Munder Funds Inc), Sub Custodian Contract (St Clair Funds Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject sub- ject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 ActInvestment Company Act of 1940, as amended, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 3 contracts
Samples: Custodian Contract (Scudder Tax Free Trust), Custodian Contract (Scudder California Tax Free Trust), Custodian Contract (Scudder State Tax Free Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Agreement (Rochdale Investment Trust), Custodian Agreement (Liberty Funds Trust V)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Trusts held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds Trusts to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds Trusts shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Stein Roe Institutional Trust, Stein Roe Institutional Trust
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and Actand that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Morgan Stanley Institutional Liquidity Funds), Custodian Contract (Morgan Stanley Institutional Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Fund of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Goldman Sachs MLP & Energy Renaissance Fund), Custodian Contract (Goldman Sachs MLP Income Opportunities Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account Fund Account or accounts Accounts in the United States in the name of each Fund of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custody and Related Services Agreement (MFS Series Trust X), Related Services Agreement (MFS Series Trust XII)
Bank Accounts. The Custodian shall open and maintain a separate -------------- bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that -------- every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors/Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Prudential Structured Maturity Fund Inc, Prudential Structured Maturity Fund Inc
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Fund’s Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.. Information Classification: Limited Access
Appears in 2 contracts
Samples: Custodian Agreement (Cliffwater Enhanced Lending Fund), Master Custodian Agreement (Weiss Strategic Interval Fund)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such -------- bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Painewebber Index Trust), Custodian Contract (Mitchell Hutchins Securities Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Agreement (Wasatch Funds Trust), Custodian Agreement (Wasatch Funds Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, and Actand that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Morgan Stanley Balanced Fund), Custodian Contract (Morgan Stanley Series Funds)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fundapplicable Customer, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundCustomer, other than cash maintained by the Fund Customer in a bank account established and used in accordance with Rule 17f-3 under the 1940 Investment Company Act of 1940, as amended (“Investment Company Act”). Monies Funds held by the Custodian for the Fund applicable Customer may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Investment Company Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of the Customer be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (West Bay BDC LLC), Custodian Agreement (Goldman Sachs Private Credit Fund LLC)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Master Custodian Agreement (Scudder Rreef Real Estate Fund Ii Inc), Master Custodian Agreement (Scudder Rreef Real Estate Fund Ii Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Investment Company Act of 1940, as amended (the "Investment Company Act, ") and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trustees. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Kemper Floating Rate Fund, Kemper Floating Rate Fund
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees Board of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Master Custodian Contract (Munder Funds Inc), Master Custodian Contract (Munder Series Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Custodian Contract (Schroder Series Trust Ii), Custodian Contract (Schroder Capital Funds /Delaware/)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 2 contracts
Samples: Master Custodian Agreement (Gabelli Equity Series Funds Inc), Master Custodian Agreement (Gabelli Gold Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may may, in its discretion discretion, deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 ("1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”"). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fundapplicable Portfolio(s), other than cash maintained by the Fund a Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the FundTrust, other than cash maintained by the Fund Trust in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: MFS Series Trust Vii
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “"Board”"). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Form of Custodian Agreement (Alliancebernstein Corporate Shares)
Bank Accounts. The Custodian shall open and maintain a ------------- separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, -------- however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of the Fund be approved by vote of a majority of the board Board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trustees. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Sub-Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Sub-Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Sub-Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Sub-Custodian in the banking department Banking Department of the Sub-Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian Sub-Custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Sub-Custodian in its capacity as custodian Sub-Custodian and shall be withdrawable by the Sub-Custodian only in that capacity.
Appears in 1 contract
Samples: Sub Custodian Contract (Munder Framlington Funds Trust)
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the State Street: General Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Fund’s Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Master Custodian Agreement (Centerstone Investors Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Fund's Account or Accounts") in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the Fund, other than cash maintained by the Fund in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Fund of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedpro- vided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 ActInvestment Company Act of 1940, as amended, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of l940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Russell Frank Investment Co
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Fund of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.the
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Investment Company Act of 1940, Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Aim Special Opportunities Funds
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Port- folio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedProvided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Invesco Income Funds Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 17f-3, as amended from time to time, under the 1940 Act. Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Document Custodian Agreement (RMR Funds Series Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Funda Portfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Trusts held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds Trusts to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds Trusts shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Form of Custodian Agreement (Mitchell Hutchins Portfolios)
Bank Accounts. The Custodian shall open and maintain a separate bank -------------- account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust -------- company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of the Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: First Global Equity Portfolio
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or of order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Janus Aspen Series
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that -------- every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Global Small Cap Fund Inc
Bank Accounts. The Custodian shall open and maintain a separate bank ------------- account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or -------- trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors/Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Nicholas Applegate Fund Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in n accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 ActACT"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
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Samples: Custodian Contract (Gmo Trust)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 1 7f-3 under the Investment Company Act of 1940, as amended. (the “1940 Act”). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust mist company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds hands to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds hands shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.. SECTION 2.5
Appears in 1 contract
Samples: Master Custodian Agreement (Gabelli 787 Fund, Inc.)
Bank Accounts. The Custodian shall open and maintain a separate ------------- bank account or accounts in the United States in the name of each Portfolio of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be -------- qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
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Samples: Custodian Contract (Cigna Institutional Funds Group)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Trust's Account or Accounts") in the name of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundTrust, other than cash maintained by the Fund Trust in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund Trust may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, ; however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: MFS Multimarket Income Trust
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Investment Company Act of l940 and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Custodian Contract (Painewebber Investment Trust Ii)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in (the United States "Fund's Account or Accounts") in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account Account or accountsAccounts, subject to the provisions hereof, all cash received by it from or for the account Account of the Fund, other than cash maintained by the Fund in a bank account Account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: MFS Series Trust Iv
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Fund of the FundTrust, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account accounts of the FundTrust, other than cash maintained by the Fund Trust in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940 (The "1940 Act"). Monies Funds held by the Custodian for the a Fund may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the The 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Fund be approved by vote of a majority of the board Board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Trust. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
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Bank Accounts. The Custodian shall open and maintain a ------------- separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940, as amended. Monies Funds held by the Custodian for the Fund may be deposited by the Custodian it to its credit as custodian Custo- xxxx in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 ActInvestment Company Act of 1940, as amended, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the board of directors or the board of trustees Trustees of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedPROVIDED, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain upon the terms of the Deposit Account Agreement a separate bank deposit account or accounts in the United States in the name of the Fundeach Portfolio, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and . The Custodian shall hold in such credit to the deposit account or accounts, subject to the provisions hereof, all cash received by it the Custodian from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank deposit account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that (a) every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that (b) each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio of a Fund be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Fund's Board”). Such The funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Master Custodian Agreement (Value Line Asset Allocation Fund Inc)
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 ActInvestment Company Act of 1940. Monies Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; providedProvided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Samples: Merrill Lynch Global Convertible Securities Fund Inc
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of the each Portfolio of each Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"). Monies held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act, Act and that each such bank or trust company and the funds monies to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board of directors or the board of trustees of the applicable Fund (as appropriate and in each case, the “Board”). Such funds monies shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
Bank Accounts. The Custodian shall open and maintain a separate bank account or accounts in the United States in the name of each Portfolio of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this AgreementContract, and shall hold in such account or accounts, subject to the provisions hereof, all cash received by it from or for the account of the FundPortfolio, other than cash maintained by the Fund Portfolio in a bank account established and used in accordance with Rule 17f-3 under the 1940 Act. Monies Investment Company Act of 1940, Funds held by the Custodian for the Fund a Portfolio may be deposited by the Custodian it to its credit as custodian Custodian in the banking department Banking Department of the Custodian or in such other banks or trust companies as it may in its discretion deem necessary or desirable in the performance of its duties hereunderdesirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the Investment Company Act of 1940 Act, and that each such bank or trust company and the funds to be deposited with each such bank or trust company shall on behalf of each applicable Portfolio be approved by vote of a majority of the board Board of directors or the board of trustees Directors of the applicable Fund (as appropriate and in each case, the “Board”)Fund. Such funds shall be deposited by the Custodian in its capacity as custodian Custodian and shall be withdrawable by the Custodian only in that capacity.
Appears in 1 contract
