Collection Where Payment Refused. The Custodian shall not be required to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until it shall be directed to take such action and it shall be assured to its satisfaction of reimbursement of its related costs and expenses.
Appears in 93 contracts
Samples: Services Agreement (Gabelli Utility Trust), Agreement (Gabelli Go Anywhere Trust), Mutual Fund Custody and Services Agreement (Gabelli Equity Trust Inc)
Collection Where Payment Refused. The Custodian shall not be required to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, or with respect to any insolvency or similar proceeding, unless and until it shall be directed to take such action and it shall be assured to its satisfaction of reimbursement of its related costs and expenses.
Appears in 47 contracts
Samples: Mutual Fund Custody and Services Agreement (Ivy Variable Insurance Portfolios), Mutual Fund Custody and Services Agreement (Ivy Funds), Services Agreement (Delaware Investments National Municipal Income Fund)
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (a) it shall be directed to take such action by a Certificate and (b) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action.
Appears in 36 contracts
Samples: Custody Agreement (Pimco Funds), Custody Agreement (Dreyfus Life & Annuity Index Fund Inc), Custody Agreement (Mpam Funds Trust)
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (i) it shall be directed to take such action by a Certificate and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action.
Appears in 15 contracts
Samples: Custody Agreement (Payden & Rygel Investment Group), Delegation, Custody and Information Services Agreement (JNL Variable Fund LLC), Exhibit J Custody Agreement (Dreyfus Strategic Municipals Inc)
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (i) it shall be directed to take such action by Written Instructions and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action.
Appears in 7 contracts
Samples: Form of Custodian Agreement (Nd Insured Income Fund Inc), Form of Custodian Agreement (Montana Tax Free Fund Inc), Form of Custodian Agreement (Nd Tax Free Fund Inc /Nd/)
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (i) it shall be directed to take such action by a Certificate and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action. The Custodian shall give the Funds prompt notice of each such event.
Appears in 5 contracts
Samples: Custody Agreement (Munder Framlington Funds Trust), Custody Agreement (Legacy Funds Group), Custody Agreement (St Clair Funds Inc)
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (a) it shall be directed to take such action by Written Instructions and (b) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action.
Appears in 2 contracts
Samples: Custody Agreement (Phoenix Engemann Funds), Custody Agreement (Dreyfus Strategic Municipal Bond Fund Inc)
Collection Where Payment Refused. The Custodian shall not be required under -------------------------------- any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (i) it shall be directed to take such action by a Certificate and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action.
Appears in 2 contracts
Samples: And Information Services Agreement (Sierra Asset Management Portfolios), And Information Services Agreement (Composite Bond & Stock Fund Inc)
Collection Where Payment Refused. The Custodian shall not be required to -------------------------------- take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, or with respect to any insolvency or similar proceeding, unless and until it shall be directed to take such action and it shall be assured to its satisfaction of reimbursement of its related costs and expenses.
Appears in 2 contracts
Samples: And Services Agreement (Lincoln Variable Insurance Products Trust), And Services Agreement (Lincoln Advisors Trust)
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligations to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (a) it shall be directed to take such action by a Certificate and (b) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with such action.
Appears in 1 contract
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (i) it shall be directed to take such action by a Certificate and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action. The Custodian shall give the Fund prompt notice of each such event.
Appears in 1 contract
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after the due demand or presentation, unless and until (i) it shall be directed to take such action by a Certificate and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action. The Custodian shall give the Funds prompt notice of each such event.
Appears in 1 contract
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or of if payment is refused after due demand or presentation, unless and until (a) it shall be directed to take such action by Written Instructions and (b) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action.
Appears in 1 contract
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (i) it shall be directed to take such action by Written Instructions and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expenses.expenses in connection with any such action. 13
Appears in 1 contract
Samples: Form of Custodian Agreement (South Dakota Tax Free Fund Inc)
Collection Where Payment Refused. The Custodian shall not be required under any -------------------------------- duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (i) it shall be directed to take such action by a Certificate and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action.
Appears in 1 contract
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (a) it shall be directed to take such action by a Certificate and (b) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action. The Custodian shall promptly notify the Client in the event of any such default.
Appears in 1 contract
Collection Where Payment Refused. The Custodian shall not be required to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until it shall be directed by an Authorized Person of the Fund to take such action and it shall be assured to its satisfaction of reimbursement of its related the reasonable costs and expensesexpenses it incurs when taking such action.
Appears in 1 contract
Samples: Mutual Fund Custody and Services Agreement (Manning & Napier Fund, Inc /Ny/)
Collection Where Payment Refused. The Custodian shall not be required under any -------------------------------- duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after the due demand or presentation, unless and until (i) it shall be directed to take such action by a Certificate and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expenses.expenses in connection with any
Appears in 1 contract
Collection Where Payment Refused. The Subject to providing notice of the situation to the Fund, the Custodian shall not be required to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until it shall be directed to take such action and it shall be assured to its satisfaction of reimbursement of its related costs and expenses.
Appears in 1 contract
Samples: Services Agreement (Northwestern Mutual Series Fund Inc)
Collection Where Payment Refused. The Custodian shall not be required under any duty or obligation to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until (i) it shall be directed to take such action by a C e r tificate and (ii) it shall be assured to its satisfaction of reimbursement of its related costs and expensesexpenses in connection with any such action.
Appears in 1 contract
Samples: Custody Agreement (Rydex Advisor Variable Annuity Account)
