Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at the office of Custodian’s designated agents.
Appears in 18 contracts
Samples: Global Custody Agreement (Atlas U.S. Tactical Income Fund), Agreement (Unified Series Trust), Agreement (Arrow Investments Trust)
Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at its processing center in San Francisco or at the office of Custodian’s designated agents.
Appears in 7 contracts
Samples: Global Custody Agreement (Advisorone Funds), Global Custody Agreement (Advisorone Funds), Global Custody Agreement (CPG JP Morgan Alternative Strategies Fund, LLC)
Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at its office or the office of Custodian’s 's designated agents.
Appears in 3 contracts
Samples: Global Custody Agreement for Foreign and Domestic Securities (Winton Series Trust), Global Custody Agreement (O'Connor EQUUS), Global Custody Agreement (Advisors' Inner Circle Fund III)
Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at its processing center in San Francisco or at the office of Custodian’s 's designated agents.
Appears in 2 contracts
Samples: Custodian Agreement (First Pacific Mutual Fund Inc /Hi/), Custodian Agreement (First Pacific Mutual Fund Inc /Hi/)
Capital Changes. Custodian may, without further instruction from Principal the applicable Fund or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at the office of Custodian’s designated agents. 7.14.
Appears in 2 contracts
Samples: Global Custody Agreement (Venture Lending & Leasing VIII, Inc.), Global Custody Agreement (Venture Lending & Leasing IX, Inc.)
Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at the office of Custodian’s 's designated agents.
Appears in 1 contract
Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange or at its processing center in San Francisco, or at the office of Custodian’s designated agents.
Appears in 1 contract
Samples: Custody Agreement (Encompass Funds)
Capital Changes. Custodian may, without further instruction from Principal the applicable Fund or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at the office of Custodian’s designated agents.
Appears in 1 contract
Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange r at the office of Custodian’s designated agents.
Appears in 1 contract
Samples: Global Custody Agreement (Americafirst Quantitative Funds)
Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is Is not given an option. option Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at the office of Custodian’s designated agents.
Appears in 1 contract
Capital Changes. Custodian may, without further instruction from Principal or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received notice of the event permitting or requiring such exchange at the office of Custodian’s designated agents.. Union Bank, N.A. (2012_0920) Page 7 of 16
Appears in 1 contract
Samples: Global Custody Agreement (FSI Low Beta Absolute Return Fund)
Capital Changes. Custodian may, without further instruction from Principal Trust or Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect affect any such exchange unless it has received notice of the event permitting or requiring such exchange at its processing center in San Francisco or at the office of Custodian’s 's designated agents.
Appears in 1 contract
