Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 31 contracts
Samples: Custody Agreement (OFS Capital Corp), Custody Agreement (BC Partners Lending Corp), Custody Agreement (VII Peaks Co-Optivist Income Fund)
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 28 contracts
Samples: Custody Agreement (Silver Point Specialty Lending Fund), Custody Agreement (Franklin BSP Private Credit Fund), Custody Agreement (Apollo Senior Floating Rate Fund Inc.)
Collection of Income. The Subject to Section 7.8 hereof, the Custodian, its agents or its subSub-custodian Custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or subSub-custodianCustodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its subSub-custodian Custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 10 contracts
Samples: Custody Agreement (Investcorp US Institutional Private Credit Fund), Custody Agreement (Ares Strategic Income Fund), Custody Agreement (Suro Capital Corp.)
Collection of Income. The Custodian, its agents or its sub-custodian custodians shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 5 contracts
Samples: Custody Agreement (Golub Capital BDC LLC), Custodian Agreement (Ares Capital Corp), Custodian Agreement (Kohlberg Capital, LLC)
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 3 contracts
Samples: Custody Agreement (MSD Investment Corp.), Custody Agreement (CIM Real Assets & Credit Fund), Custody Agreement (Nuveen Churchill BDC INC.)
Collection of Income. The Custodian, its agents or its sub-custodian custodians shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 3 contracts
Samples: Custody Agreement (Guggenheim Credit Income Fund 2021), Custody Agreement (Carey Credit Income Fund 2018 T), Custody Agreement (Carey Credit Income Fund 2017 T)
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street NameName or other good deliverable form, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 2 contracts
Samples: Custody Agreement (CION Investment Corp), Custody Agreement (CION Investment Corp)
Collection of Income. The Custodian, its agents or its subSub-custodian Custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or subSub-custodianCustodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities securities are held by the Custodian or its subSub-custodian Custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 2 contracts
Samples: Custody Agreement (5C Lending Partners Corp.), Custody Agreement (5C Lending Partners Corp.)
Collection of Income. The Custodian, its agents or its sub-custodian shall use commercially reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 2 contracts
Samples: Custody Agreement (New Mountain Guardian III BDC, L.L.C.), Custody Agreement (Suro Capital Corp.)
Collection of Income. The Custodian, its agents or its sub-custodian custodians shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 2 contracts
Samples: Custody Agreement (Golub Capital BDC 3, Inc.), Custody Agreement (Golub Capital Investment Corp)
Collection of Income. The Custodian, its agents or its sub-custodian custodians shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian Custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of the Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event Nothing herein shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to (i) undertake any collection actions on behalf of the Company against any issuer or obligor (or agents thereof) of a Security or (ii) commence, undertake prosecute or prosecute defend legal proceedings in any legal proceedingsinstance, whether on behalf of the Company on its own behalf or otherwise, with respect to any matter arising hereunder or relating to this Agreement or the services contemplated hereby.
Appears in 2 contracts
Samples: Custody Agreement (Golub Capital BDC 4 LLC), Custody Agreement (Golub Capital Direct Lending LLC)
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian Securities Custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United 1675380v1 States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian custodians shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s 's agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United StatesXxxxxx Xxxxxx. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Samples: Custody Agreement (TriplePoint Venture Growth BDC Corp.)
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s 's agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings. 3.9 Payment of Moneys.
Appears in 1 contract
Samples: Custody Agreement (Wakefield Alternative Series Trust)
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian shall use commercially reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-sub- custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian shall use commercially reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.. 3.10
Appears in 1 contract
Samples: Custody Agreement (New Mountain Guardian IV BDC, L.L.C.)
Collection of Income. The Subject to Section 7.8, the Custodian, its agents or its subSub-custodian Custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or subSub-custodianCustodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its subSub-custodian Custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Samples: Custody Agreement (Prospect Floating Rate & Alternative Income Fund, Inc.)
Collection of Income. The Custodian, its agents or its sub-custodian custodians shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities are held by the Custodian or its sub-custodian custodians or agentagents; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Samples: Custody Agreement (Nuveen Churchill Private Capital Income Fund)
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-sub- custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Samples: Custody Agreement (Monroe Capital Income Plus Corp)
Collection of Income. The Custodian, its agents or its subSub-custodian Custodian shall use commercially reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or subSub-custodianCustodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its subSub-custodian Custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, on the record date with respect to the date of payment by the issuer, the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, i±: on the date of payment by the issuer, such Securities are held by the Custodian or its sub-sub custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s 's agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian custodians shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially its reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Collection of Income. The Custodian, its agents or its sub-custodian shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nominees); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Samples: Custody Agreement (BUSINESS DEVELOPMENT Corp OF AMERICA II)
Collection of Income. The Custodian, its agents or its sub-custodian custodians shall use reasonable efforts to collect on a timely basis all income and other payments with respect to the Securities held hereunder to which the Company Companies shall be entitled, to the extent consistent with usual custom in the securities custodian business in the United States. Such efforts shall include collection of interest income, dividends and other payments with respect to registered domestic securities if, if on the record date with respect to the date of payment by the issuer, issuer the Security is registered in the name of the Custodian or its nominee (or in the name of its agent or sub-custodian, or their nomineesnominee); and interest income, dividends and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, issuer such Securities are held by the Custodian or its sub-custodian or agent; provided, however, that in the case of Securities held in Street Name, the Custodian shall use commercially reasonable efforts only to timely collect income. In no event shall the Custodian’s agreement herein to collect income be construed to obligate the Custodian to commence, undertake or prosecute any legal proceedings.
Appears in 1 contract
Samples: Custody Agreement (Carey Credit Income Fund 2015 T)