Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds in accordance with this Agreement: 1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account; 2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds for any loss by the Funds for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice; 3. Surrender Securities in temporary form for definitive Securities; 4. Promptly execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and 5. Hold directly, or through a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that Fund.
Appears in 6 contracts
Samples: Delegation, Custody and Information Services Agreement (JNL Variable Fund v LLC), Delegation, Custody and Information Services Agreement (Jnlny Variable Fund I LLC), Delegation, Custody and Information Services Agreement (Jnlny Variable Fund Ii LLC)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for the Funds a Series in accordance with this Agreement:
1. 4.5.1 Collect all income due or payablepayable and credit such income promptly on the contractual settlement date, provided that whether or not actually received, to the Custodian account of the appropriate Series, except for income from foreign issues. Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall not be responsible for repaid to the failure to receive payment of (or late payment of) distributions with respect to Assets held in Bank pending final collection at such date as may be mutually agreed upon by the account;Trust and the Bank.
2. 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Bank shall make a good faith effort to inform Trust of any call, redemption or retirement date with respect to Securities which are owned by a Series and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Funds Trust or a Series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to put bonds Securities which are owned held by the Funds a Series and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Funds Trust or to a Series for any loss by the Funds a Series for any missed payments payment or other defaults default resulting therefrom, therefrom unless the Custodian Bank received timely notification notification, which shall not be less than 5 business days, from the Funds Trust or the Series specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Trust or a Series for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Funds Trust or a Series with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. 4.5.4 Hold directly, or through a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund each Series all rights and similar other Securities issued with respect to any Securities held by the Custodian Bank hereunder for that Fundsuch Series.
Appears in 5 contracts
Samples: Mutual Fund Custody Agreement (Coventry Group), Mutual Fund Custody Agreement (Coventry Group), Mutual Fund Custody Agreement (Bishop Street Funds)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 4 contracts
Samples: Custody Agreement (Eai Select Managers Equity Fund), Custody Agreement (Kobren Insight Funds), Custody Agreement (Insight Premier Funds)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
(1. Collect ) collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
(2. Present ) present for payment and collect the amount payable upon all Securities securities which may mature or be called, redeemed, retired or retired, or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining of any call, redemption redemption, or retirement dates date with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nomineesnominee. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments payment or other defaults default resulting therefrom, therefrom unless the Custodian received timely notification from the Funds Fund specifying the time, place place, and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish shall provide to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
(3. Surrender ) surrender Securities in temporary form for definitive Securities;
(4. Promptly ) execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
(5. Hold ) hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar other Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 3 contracts
Samples: Custodian Agreement (Nd Tax Free Fund Inc /Nd/), Custodian Agreement (Montana Tax Free Fund Inc), Custodian Agreement (South Dakota Tax Free Fund Inc)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for the Funds a Series in accordance with this Agreement:
1. 4.5.1 Collect all income due or payablepayable and credit such income promptly on the contractual settlement date, provided that whether or not actually received, to the Custodian account of the appropriate Series, except for income from foreign issues. Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall not be responsible for repaid to the failure to receive payment of (or late payment of) distributions with respect to Assets held in Bank pending final collection at such date as may be mutually agreed upon by the accountTrust and the Bank;
2. 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Bank shall make a good faith effort to inform Fund of any call, redemption or retirement date with respect to securities which are owned by a Series and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Funds Fund or a Series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to put bonds securities which are owned held by the Funds a Series and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Funds Fund or to a Series for any loss by the Funds a Series for any missed payments payment or other defaults default resulting therefrom, therefrom unless the Custodian Bank received timely notification general notification, which shall not be less than 5 business days, from the Funds Fund or the Series specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Fund or a Series for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Funds Fund or a series with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such noticesecurities;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. 4.5.4 Hold directly, or through a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund each Series all rights and similar other Securities issued with respect to any Securities held by the Custodian Bank hereunder for that Fundsuch Series.
Appears in 3 contracts
Samples: Custody Agreement (Variable Insurance Funds), Custody Agreement (Bb&t Mutual Funds Group), Custodian Agreement (Amsouth Mutual Funds)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionCertificate, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Trust in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. ; Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Trust for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Trust and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Trust for any loss by the Funds Trust for any missed payments or other defaults resulting therefrom, ; unless the Custodian received receives timely notification from the Funds Trust specifying the time, place and manner for the presentment of any such put bond owned by the Funds and Trust held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the Trust for the accuracy or completeness of any notification the Custodian may furnish to the Funds Trust with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund each Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that Fundthe Trust.
Appears in 3 contracts
Samples: Custody Agreement (WPG Growth Fund), Custody Agreement (Weiss Peck & Greer International Fund), Custody Agreement (WPG Growth & Income Fund)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
(1. Collect ) collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
(2. Present ) present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or retired, or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining of any call, redemption redemption, or retirement dates date with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nomineesnominee. Nor shall the Custodian have any responsibility or liability to the Funds fund for any loss by the Funds Fund for any missed payments payment or other defaults default resulting therefrom, therefrom unless the Custodian received timely notification from the Funds Fund specifying the time, place place, and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish shall provide to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
(3. Surrender ) surrender Securities in temporary form for definitive Securities;
(4. Promptly ) execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
(5. Hold ) hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar other Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 2 contracts
Samples: Custodian Agreement (Integrity Small Cap Fund of Funds Inc), Custodian Agreement (Integrity Small Cap Fund of Funds Inc)
Collection of Income and Other Matters Affecting Securities. Unless ----------------------------------------------------------- otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds a Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions distribution with respect to Assets securities or other property held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 2 contracts
Samples: Delegation, Custody and Information Services Agreement (Composite Bond & Stock Fund Inc), Delegation, Custody and Information Services Agreement (Sierra Asset Management Portfolios)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds a Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds a Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds a Fund for any loss by the Funds a Fund for any missed payments payment or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to a Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds a Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and;
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund Funds all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Funds;
6. Transmit promptly to the Trust any proxy statement, proxy materials, notice of a call or conversion or similar communication received by it as Custodian; and
7. Receive and hold for the account of each Fund all securities received as a distribution on the Fund's portfolio of securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund.
Appears in 2 contracts
Samples: Custody Agreement (Munder Framlington Funds Trust), Custody Agreement (Munder Funds Trust)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions distribution with respect to Assets securities or other property held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds for any loss by the Funds for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that Fund.
Appears in 2 contracts
Samples: Delegation, Custody and Information Services Agreement (PPM America Funds), Delegation, Custody and Information Services Agreement (PPM America Funds)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in and temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 2 contracts
Samples: Custody Agreement (Dreyfus Laurel Funds Trust), Custody Agreement (Dreyfus High Yield Strategies Fund)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, therefrom unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments payment or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and;
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund;
6. Transmit promptly to the Company any proxy statement, proxy materials, notice of a call or conversion or similar communication received by it as Custodian; and
7. Receive and hold for the account of the Fund all securities received as a distribution on the Fund's portfolio of securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds a Series in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Trust or a Series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to put bonds which are owned by the Funds a Series and held by the Custodian or its nomineesnominee. Nor shall the Custodian have any responsibility or liability to the Funds Trust or a Series for any loss by the Funds a Series for any missed payments payment or other defaults default resulting therefrom, therefrom unless the Custodian received timely notification from the Funds Trust or the Series specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Series and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Trust or a Series for the accuracy or completeness of any notification the Custodian may furnish shall provide to the Funds Trust or a Series with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund each Series all rights and similar other Securities issued with respect to any Securities held by the Custodian hereunder for that Fundsuch Series.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless ----------------------------------------------------------- otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
6. Promptly transmit to the Fund to the attention of _____________ at the address listed in Xxxxxxx 00, Xxxxxxxxx (x) hereof, any communication relating to a security held by the Custodian for the Fund. The Fund shall notify the Custodian in writing of any change of the person at the Fund to whom any communications relating to a security should be directed.
7. The Custodian shall promptly notify the Fund in writing, by facsimile transmission or in such other manner as such Fund and Custodian may agree in writing if any amount payable with respect to Securities or other assets of such Fund is not received by the Custodian when due.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionCertificate, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, ; except the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates date with respect to any put bonds which are owned by the Funds Fund and held by the Custodian or its nomineesnominee. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by to the Funds Fund for any missed payments or other defaults resulting therefrom, therefrom unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall is not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute, as Custodian, any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and;
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities securities issued with respect to any Securities held by the Custodian hereunder for that Fundhereunder.
Appears in 1 contract
Samples: Custody Agreement (Dreyfus Strategic Municipals Inc)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and an manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may my furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds a Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds a Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds a Fund for any loss by the Funds a Fund for any missed payments payment or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to a Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds a Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and;
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund Funds all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Funds;
6. Transmit promptly to the Fund any proxy statement, proxy materials, notice of a call or conversion or similar communication received by it as Custodian; and
7. Receive and hold for the account of each Fund all securities received as a distribution on the Fund's portfolio of securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian Custodian, by itself, itself or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall, or shall with respect to all Securities held for instruct the Funds in accordance with this Agreementrelevant Sub-Custodian to:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions payable with respect to Assets Securities held for the Portfolio in the accountaccordance with this Agreement;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds for any loss by the Funds for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through the Book-Entry System or a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder or relevant Sub-Custodian for the Portfolio. If the Custodian or any Sub-Custodian causes the account of the Portfolio to be credited on the payable date for interest, dividends or redemptions, the Portfolio will promptly return to the Custodian any such amount or property so credited upon oral or written notification that Fundneither the custodian nor the relevant Sub-Custodian can collect such amount or property in the ordinary course of business. The Custodian or such Sub-Custodian, as the case may be, shall have no duty or obligation to institute legal proceedings, file a claim or proof of claim in any insolvency proceeding or take any other action with respect to the collection of such amount or property beyond its ordinary collection procedures unless it is specifically requested to do so by the Company and indemnified to its satisfaction for any liability, cost or expense arising therefrom.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds in accordance with this Agreement:
1. Collect all a income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds a Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds a Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds a Fund for any loss by the Funds a Fund for any missed payments payment or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to a Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds a Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and;
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund Funds all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Funds,
6. Transmit promptly to Mutual Fund any proxy statement, proxy materials, notice of a call or conversion or similar communication received by it as Custodian; and
7. Receive and hold for the account of each Fund all securities received as a distribution on the Fund's portfolio of securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect on a timely basis all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present on a timely basis for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to any put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor nominee, nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments payment or other defaults default resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through the Book-Entry System or a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 1 contract
Samples: Custody Agreement (Dreyfus Strategic Municipal Bond Fund Inc)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionCertificate, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Trust in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. ; Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Trust for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Trust and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Trust for any loss by the Funds Trust for any missed payments or other defaults resulting therefrom, ; unless the Custodian received receives timely notification from the Funds Trust specifying the time, place and manner for the presentment of any such put bond owned by the Funds and Trust held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the Trust for the accuracy or completeness of any notification the Custodian may furnish to the Funds Trust with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, deposited for the account of the applicable Fund each Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that Fundthe Trust.
Appears in 1 contract
Samples: Custody Agreement (WPG Tudor Fund)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
(1. Collect ) collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
(2. Present ) present for payment and collect the amount payable upon all Securities securities which may mature or be called, redeemed, retired or retired, or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining of any call, redemption redemption, or retirement dates date with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nomineesnominee. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments payment or other defaults default resulting therefrom, therefrom unless the Custodian received timely notification from the Funds Fund specifying the time, place place, and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish shall provide to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
; (3. Surrender ) surrender Securities in temporary form for definitive Securities;
(4. Promptly ) execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
(5. Hold ) hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar other Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionCertificate, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds a Portfolio in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Trust or the Portfolio for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Trust or the Portfolio and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund or the Portfolio for any loss by the Funds Fund or the Portfolio for any missed payments or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Trust specifying the time, place and manner for the presentment of any such put bond owned by the Funds Trust or the Portfolio and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Trust or the Portfolio for the accuracy or completeness of any notification the Custodian may furnish to the Funds Trust with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund each Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that Fundeach Portfolio.
Appears in 1 contract
Samples: Custody Agreement (Weiss Peck & Greer Funds Trust /Ma)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian Custodian, by itself, itself or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall, or shall with respect to all Securities held for instruct the Funds in accordance with this Agreementrelevant Sub-Custodian to:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions payable with respect to Assets Securities held for the Portfolio in the accountaccordance with this Agreement;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds for any loss by the Funds for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through the Book-Entry System or a Securities Depository with respect to Securities therein deposited, for the account amount of the applicable Fund Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder or relevant Sub-Custodian for the Portfolio. If the Custodian or any Sub-Custodian causes the account of the Portfolio to be credited on the payable date for interest, dividends or redemptions, the Portfolio will promptly return to the Custodian any such amount or property so credited upon oral or written notification that Fundneither the Custodian nor the relevant Sub-Custodian can collect such amount or property in the ordinary course of business. The Custodian or such Sub-Custodian, as the case may be, shall have no duty or obligation to institute legal proceedings, file a claim or proof of claim in any insolvency proceeding or take any other action with respect to the collection of such amount or property beyond reasonable commercial collection procedures unless it is specifically requested to do so by the Company and indemnified to its satisfaction for any liability, cost or expense arising therefrom.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds in accordance with this Agreement:
1. Collect all a income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds a Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds a Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds a Fund for any loss by the Funds a Fund for any missed payments payment or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to a Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds a Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and;
5. Hold directly, . or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund Funds all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Funds,
6. Transmit promptly to Mutual Fund any proxy statement, proxy materials, notice of a call or conversion or similar communication received by it as Custodian; and
7. Receive and hold for the account of each Fund all securities received as a distribution on the Fund's portfolio of securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any portfolio securities belonging to the Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian Custodian, by itself, itself or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall, or shall with respect to all Securities held for instruct the Funds in accordance with this Agreementrelevant Sub-Custodian to:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions payable with respect to Assets Securities held for a Portfolio in the accountaccordance with this Agreement;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds for any loss by the Funds for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive derivative Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through the Book-Entry System or a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund each Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder or relevant Sub-Custodian for each Portfolio. If the Custodian or any Sub-Custodian causes the account of a Portfolio to be credited on the payable date for interest, dividends or redemptions, the particular Portfolio involved will promptly return to the Custodian any such amount or property so credited upon oral or written notification that Fundneither the custodian nor the relevant Sub-Custodian can collect such amount or property in the ordinary course of business. The Custodian or such Sub-Custodian, as the case may be, shall have no duty or obligation to institute legal proceedings, file a claim or proof of claim in any insolvency proceeding or take any other action with respect to the collection of such amount or property beyond its ordinary collection procedures unless it is specifically requested to do so by the Company and indemnified to its satisfaction for any liability, cost or expense arising therefrom.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian Custodian, by itself, itself or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall, or shall with respect to all Securities held for instruct the Funds in accordance with this Agreementrelevant Sub-Custodian to:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions payable with respect to Assets Securities held for a Portfolio in the accountaccordance with this Agreement;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds for any loss by the Funds for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund each Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder or relevant Sub-Custodian for each Portfolio. If the Custodian or any Sub-Custodian causes the account of a Portfolio to be credited on the payable date for interest, dividends or redemptions, the particular Portfolio involved will promptly return to the Custodian any such amount or property so credited upon Oral or written notification that Fundneither the Custodian nor the relevant Sub-Custodian can collect such amount or property in the ordinary course of business. The Custodian or such Sub-Custodian, as the case may be, shall have no duty or obligation to institute legal proceedings, file a claim or proof of claim in any insolvency proceeding or take any other action with respect to the collection of such amount or property beyond its ordinary collection procedures.
Appears in 1 contract
Samples: Custody Agreement (Morgan Grenfell Investment Trust)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian Custodian, by itself, itself or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall, or shall with respect to all Securities held for instruct the Funds in accordance with this Agreementrelevant Sub-Custodian to:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions payable with respect to Assets Securities held for a Portfolio in the accountaccordance with this Agreement;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds for any loss by the Funds for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive derivative Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through the Book-Entry System or a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund each Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder or relevant Sub-Custodian for each Portfolio. If the Custodian or any Sub-Custodian causes the account of a Portfolio to be credited on the payable date for interest, dividends or redemptions, the particular Portfolio involved will promptly return to the Custodian any such amount or property so credited upon oral or written notification that Fundneither the custodian nor the relevant Sub-Custodian can collect such amount or property in the ordinary course of business. The Custodian or such Sub- Custodian, as the case may be, shall have no duty or obligation to institute legal proceedings, file a claim or proof of claim in any insolvency proceeding or take any other action with respect to the collection of such amount or property beyond its ordinary collection procedures unless it is specifically requested to do so by the Company and indemnified to its satisfaction for any liability, cost or expense arising therefrom.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds a Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds a Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds a Fund for any loss by the Funds a Fund for any missed payments payment or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to a Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds a Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and;
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund Funds all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that Fund.the Funds;
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionCertificate, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Trust in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Trust for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Trust and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Trust for any loss by the Funds Trust for any missed payments or other defaults resulting therefrom, therefrom unless the Custodian received timely notification from the Funds Trust specifying the time, place and manner for the presentment of any such put bond owned by the Funds Trust and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Trust for the accuracy or completeness of any notification the Custodian may furnish to the Funds Trust with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund Trust all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that Fundthe Trust.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable. In the event that a payment (interest or dividend) from a Fund investment is not received by the Custodian on the date that such payment is due, provided that the Custodian shall not be responsible for so notify an officer of the failure to receive payment of (or late payment of) distributions with respect to Assets held in the accountFund;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for Fund f or monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 1 contract
Samples: Custody Agreement (Access Capital Strategies Community Investment Fund Inc)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for the Funds a Portfolio in accordance with this Agreement:
1. 4.5.1 Collect all income due or payablepayable and credit such income promptly on the contractual settlement date, provided that whether or not actually received, to the Custodian account of the appropriate Portfolio, except for income from foreign issues (which shall be collected as soon as reasonably practicable and shall be credited when actually received). Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall be responsible for repaid to the failure to receive payment of (or late payment of) distributions with respect to Assets held in Bank pending final collection at such date as may be mutually agreed upon by the accountFund and the Bank;
2. 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. The Bank shall make a good faith effort to inform the Fund of any call, redemption or retirement date with respect to Securities which are owned by a Portfolio and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Funds Fund or a Portfolio for monitoring or ascertaining of any call, redemption or retirement dates date with respect to put bonds securities which are owned by the Funds a Portfolio and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Funds Fund or to a Portfolio for any loss by the Funds a Portfolio for any missed payments payment or other defaults default resulting therefrom, therefrom with respect to any put security owned by a Portfolio and held by the Bank or its nominee unless the Custodian Bank received timely notification general notification, which shall not be less than 5 business days, from the Funds Fund or the Portfolio specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nomineesecurity. The Custodian Bank shall not be responsible and assumes no liability to the Fund or a Portfolio for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Funds Fund or a Portfolio with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such noticesecurities;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. 4.5.4 Hold directly, or through a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund each Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian Bank hereunder for that Fundsuch Portfolio.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds a Fund in accordance with this Agreement:
1. (i) Collect on a timely basis all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. (ii) Present on a timely basis for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Company or a Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to any put bonds which are owned by the Funds a Fund and held by the Custodian or its nominees. Nor nominee, nor shall the Custodian have any responsibility or liability to the Funds Company or a Fund for any loss by the Funds Fund for any missed payments payment or other defaults default resulting therefrom, ; unless the Custodian received timely notification from the Funds Company or a Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Company or a Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Company or the Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. (iii) Surrender Securities in temporary form for definitive Securities;
4. Promptly execute (iv) Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. (v) Hold directly, or through the Book-Entry System or a Securities Depository with respect to Securities therein deposited, for the account of the applicable each Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that such Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable. In the event that a payment (interest or dividend) from a Fund investment is not received by the Custodian on the date that such payment is due, provided that the Custodian shall not be responsible for so notify an officer of the failure to receive payment of (or late payment of) distributions with respect to Assets held in the accountFund;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 1 contract
Samples: Custody Agreement (Access Capital Strategies Community Inv Fd Inc\insti Inv Por)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification from a third party the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
6. Promptly transmit to the Fund to the attention of the Controller at the address listed in Section 14, Paragraph (d) herexx, xxx xx xxx Xxxtfolio Manager in whose Portfolio Manager Account such Security is held, any communication relating to a security held by the Custodian for the Fund. The Fund shall notify the Custodian in writing to whom at the Fund any communications relating to a security should be directed.
7. The Custodian shall promptly notify the Fund and the Portfolio Manager in whose Portfolio Manager Account such Security is held, in writing by facsimile transmission or in such other manner as such Fund and Custodian may agree in writing if any amount payable with respect to Securities or other assets of such Fund is not received by the Custodian when due. In the event the Custodian has not exercised reasonable care and diligence, it shall advance to the appropriate Fund any amounts with respect to which reasonable care and diligence was not exercised.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless ------------------------------------------------------------ otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of the Book-Entry System or a Securities Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
; 2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds a Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds a Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds a Fund for any loss by the Funds a Fund for any missed payments payment or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds a Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to a Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds a Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
; 3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian Custodian, by itself, itself or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall, or shall with respect to all Securities held for instruct the Funds in accordance with this Agreementrelevant Sub-Custodian to:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions payable with respect to Assets Securities held for a Portfolio in the accountaccordance with this Agreement;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds for any loss by the Funds for any missed payments or other defaults resulting therefrom, unless the Custodian received timely notification from the Funds specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability for the accuracy or completeness of any notification the Custodian may furnish to the Funds with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive derivative Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund each Portfolio all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder or relevant Sub-Custodian for each Portfolio. If the Custodian or any Sub-Custodian causes the account of a Portfolio to be credited on the payable date for interest, dividends or redemptions, the particular Portfolio involved will promptly return to the Custodian any such amount or property so credited upon oral or written notification that Fundneither the custodian nor the relevant Sub-Custodian can collect such amount or property in the ordinary course of business. The Custodian or such Sub-Custodian, as the case may be, shall have no duty or obligation to institute legal proceedings, file a claim or proof of claim in any insolvency proceeding or take any other action with respect to the collection of such amount or property beyond its ordinary collection procedures.
Appears in 1 contract
Samples: Custody Agreement (PBHG Funds Inc /)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionCertificate, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which that may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which that are owned by the Funds Fund and held by the Custodian or its nomineesnominee. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by to the Funds Fund, for any missed payments or other defaults resulting therefrom, ; unless the Custodian received receives timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 1 contract
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written Instruction, the Custodian by itself, or through the use of a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for the Funds Fund in accordance with this Agreement:
1. Collect all income due or payable, provided that the Custodian shall not be responsible for the failure to receive payment of (or late payment of) distributions with respect to Assets held in the account;
2. Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Funds Fund for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Funds Fund and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Funds Fund for any loss by the Funds Fund for any missed payments or other defaults resulting therefrom, ; unless the Custodian received timely notification from the Funds Fund specifying the time, place and manner for the presentment of any such put bond owned by the Funds Fund and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Fund for the accuracy or completeness of any notification the Custodian may furnish to the Funds Fund with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such notice;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. Hold directly, or through a Securities the Book-Entry System or the Depository with respect to Securities therein deposited, for the account of the applicable Fund all rights and similar Securities issued with respect to any Securities held by the Custodian hereunder for that the Fund.
Appears in 1 contract
Samples: Custody Agreement (Dreyfus Disciplined Equity Income Fund)
Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by a Written InstructionInstructions, the Custodian by itself, or through the use of a Securities Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for the Funds a Portfolio in accordance with this Agreement:
1. 4.5.1 Collect all income due or payablepayable and credit such income promptly on the contractual settlement date, provided that whether or not actually received, to the Custodian account of the appropriate Portfolio, except for income from foreign issues (which shall be collected as soon as reasonably practicable and shall be credited when actually received). Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall be responsible for repaid to the failure to receive payment of (or late payment of) distributions with respect to Assets held in Bank pending final collection at such date as may be mutually agreed upon by the account;Fund and the Bank.
2. 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemedredeemed or retired, retired or otherwise become payable. The Bank shall make a good faith effort to inform the Fund of any call, redemption or retirement date with respect to securities which are owned by a Portfolio and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Funds Fund or a Portfolio for monitoring or ascertaining of any call, redemption or retirement dates date with respect to put bonds securities which are owned by the Funds a Portfolio and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Funds Fund or to a Portfolio for any loss by the Funds a Portfolio for any missed payments payment or other defaults default resulting therefrom, therefrom with respect to any put security owned by a Portfolio and held by the Bank or its nominee unless the Custodian Bank received timely notification general notification, which shall not be less than 5 business days, from the Funds Fund or the Portfolio specifying the time, place and manner for the presentment of any such put bond owned by the Funds and held by the Custodian or its nomineesecurity. The Custodian Bank shall not be responsible and assumes no liability to the Fund or a Portfolio for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Funds Fund or a Portfolio with respect to put bonds, unless the Custodian has not acted in a reasonably prudent manner in transmitting information with respect to the accuracy, completeness or furnishings of such noticesecurities;
3. Surrender Securities in temporary form for definitive Securities;
4. Promptly execute 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect; and
5. 4.5.4 Hold directly, or through a Securities Depository with respect to Securities therein deposited, for the account of the applicable Fund each Portfolio all rights and similar other Securities issued with respect to any Securities held by the Custodian Bank hereunder for that Fundsuch Portfolio.
Appears in 1 contract
