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 Reserve Investment Funds, Inc.), Custodian Agreement (T. Rowe Price Short-Term Bond Fund, Inc.), Custodian Agreement (T. Rowe Price GNMA 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 60 contracts
Samples: Master Custodian Agreement (Nuveen High Income 2020 Target Term Fund), Master Custodian Agreement (Diversified Real Asset Income Fund), Master 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 56 contracts
Samples: Mutual Fund Custody & Services Agreement (Lincoln Funds Trust), Mutual Fund Custody & Services Agreement (Lincoln Funds Trust), Master Custodian Agreement (Venerable Variable Insurance 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 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 54 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 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 29 contracts
Samples: Custodian Contract (Aim Growth Series), Custodian Contract (Legg Mason Investment Trust Inc), Custodian Contract (Invesco Money Market 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 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 (Deutsche Asset Management Vit Funds), Master Custodian Agreement (Tax Exempt California Money Market Fund), Master Custodian Agreement (Scudder Cash Investment Trust)
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 Income Opportunity Fund Inc), Custodian Agreement (RMR Real Estate Fund), Custodian Agreement (RMR Preferred Dividend 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 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 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 22 contracts
Samples: Custodian Agreement (Price T Rowe Gnma Fund), Custodian Agreement (Price T Rowe State Tax Free Income Trust), Custodian Agreement (T Rowe Price Us Bond Index 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, 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 (Investors Fund 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 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 Municipal High Income Opportunity Fund), Master Custodian Agreement (Nuveen Preferred Convertible Income Fund 2), Master Custodian Agreement (Nuveen Investment Trust Ii)
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 Fund), Master Custodian Agreement (Calvert SAGE 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: Master Custodian Agreement (John Hancock Trust), Custodian Agreement (Huntington Funds /Ma/), Custodian Agreement (State Street Institutional Investment 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 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 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 Contract (Aim International Funds Inc /Md/), Master Custodian Contract (Aim Investment Securities 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 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 (Equity Portfolio/Ny), Custodian Contract (Orbitex Group of Fund), 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 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 (Neuberger & Berman Equity Trust), Custodian Contract (Global Managers 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 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 Trust for Investment Grade New York Municipals), Custodian Contract (Van Kampen Municipal 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 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; 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 10 contracts
Samples: Custodian Agreement (Usaa Life Investment Trust), Custodian Agreement (John Hancock Funds III), Custodian Agreement (Usaa Investment Trust)
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: Custodian Contract (Van Kampen Series Fund Inc), Custodian Contract (Van Kampen American Capital U S Government Trust for Income), Custodian Contract (Van Kampen American Capital Tax Exempt 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 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 Massachusetts Tax-Exempt 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 8 contracts
Samples: Custodian Contract (Hartford HLS Series Fund Ii Inc), Custodian Contract (Hartford Series Fund Inc), Custodian Agreement (Hartford 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 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 8 contracts
Samples: Custodian Agreement (Metropolitan Series Fund Ii), Custodian Agreement (First Eagle Funds), Custodian Agreement (Met Investors Series 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 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 Florida Tax-Free Funds), Master Custodian Agreement (Vanguard California 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 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: Custodian Agreement (Morgan Keegan Select Fund Inc), Custodian Agreement (Davis Variable Account Fund Inc), Custodian Agreement (Security Income Fund /Ks/)
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 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: Custody Agreement (Safeco Money Market Trusts), Custodian Contract (Safeco Tax Exempt Bond Trust), Custodian Contract (Safeco Common Stock Trust)
Bank Accounts. The Custodian shall may 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 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 each Fund, other than cash maintained in a joint repurchase account with other affiliated funds or by the a particular Fund 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 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 be approved by the 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 for the Fund and shall be withdrawable by the Custodian only in that capacity. If requested by the Trust, the Custodian shall furnish the Trust, not later than twenty (20) days after the last business day of each month, an internal reconciliation of the closing balance as of that day in all accounts described in this section to the balance shown on the daily cash report for that day rendered to the Trust.
Appears in 4 contracts
Samples: Custody Agreement (Wachovia Funds), Custody Agreement (Wachovia Variable Insurance Funds), Custody Agreement (Bayfunds)
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 4 contracts
Samples: Custodian Agreement (Security Capital U S Real Estate Shares Inc), Custodian Agreement (Sun Capital Advisers Trust), Custodian Agreement (Sun Capital Advisers 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 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 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 Tax Managed Equity Fund), Custodian Contract (Prudential 20/20 Fund), Custodian Contract (Prudential Equity 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 4 contracts
Samples: Custodian Contract (Seven Seas Series Fund), Custodian Contract (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 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 Municipal 2018 Term Trust), Custodian Contract (Blackrock Florida Municipal 2020 Term Trust)
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: Custodian Contract (Blackrock Strategic Municipal Trust), Custodian Contract (Blackrock New Jersey Strategic Municipal Trust), Custodian Contract (Blackrock Pennsylvania Strategic Municipal 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 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 (Scudder Equity 500 Index Portfolio), Master Custodian Agreement (DWS Dreman Value IncomEdge Fund, Inc.), Master Custodian Agreement (Scudder Advisor Funds Ii)
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 (Munder Funds Inc), Sub Custodian Contract (St Clair 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 "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 I), Custodian Contract (MFS Series Trust Viii)
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 Contract (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 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 (Quantitative Group of Funds), Custodian Agreement (Legg Mason Global Asset Management Trust)
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 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 3 contracts
Samples: Custodian Contract (Stein Roe Floating Rate Limited Liability Co), Custodian Contract (Stein Roe Institutional Floating Rate Income Fund), Custodian Contract (Stein Roe Floating Rate Income 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 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 Managed Eafe R Countries Fund Inc), Custodian Contract (Warburg Pincus 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 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), Custodian Contract (Baillie Gifford International 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 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 Charter Income Trust), Custodian Contract (MFS Intermediate Income Trust), Custodian Contract (Massachusetts Investors Growth Stock Fund)
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 Contract (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 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 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 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, 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: Custodian Contract (Kemper Floating Rate Fund), Custodian Contract (Kemper Floating Rate 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.. 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 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 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: Custodian Contract (Prudential Structured Maturity Fund Inc), Custodian Contract (Prudential Structured Maturity Fund Inc)
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), Custody and 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 "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
Samples: Custodian Contract (MFS Government Securities Fund), Custodian Contract (MFS Series Trust X)
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 Series Trust), Master Custodian Contract (Munder 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 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 Series Funds), Custodian Contract (Morgan Stanley Balanced 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; 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 (Mitchell Hutchins Securities Trust), Custodian Contract (Painewebber Index 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 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 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: Custodian Contract (Stein Roe Institutional Trust), Custodian Contract (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 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 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”)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 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, 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 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 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
Samples: Custodian Agreement (Baupost Fund)
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; provided, 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
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
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
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 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 l7f-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 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 . 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 1 contract
Samples: Custodian Contract (Prudential Global Limited 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, Information Classification: Limited Access 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 (VanEck Vectors ETF 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 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
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. 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 1 contract
Samples: Master Custodian Agreement (DWS Multi-Market Income Trust)
Bank Accounts. The Custodian 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: Custodian Contract (Loomis Sayles Investment 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 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 "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 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 Cash held hereunder shall be deemed to be a special deposit. 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
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 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.
Appears in 1 contract
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 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, 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
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
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 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 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.. 8
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 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 may be a Portfolio maybe 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
Samples: Master Custodian Agreement (Ned Davis Research Funds)
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 the 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
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 (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 1 contract
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 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.
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 l7f-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 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
Samples: Custodian Agreement (Flex Partners/)
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 Portf6lio 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
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.
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 "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
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
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 Act. Monies as amended 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 each 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 and the 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 and Custodian shall be withdrawable by the Custodian only in that its 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 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. Upon receipt of Proper Instructions from a Portfolio (which may be in the form of standing instructions), the Custodian will sweep the available cash in such Portfolio's demand deposit account at the Custodian into such money market fund custodied at the Custodian as the Portfolio shall specify in such instructions.
Appears in 1 contract
Samples: Custodian and Fund Accounting Agreement (LPT Variable Insurance Series 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 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 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: Custodian Contract (MFS Government Markets 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 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
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 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: Custodian Agreement (Alliancebernstein Corporate Shares)
