Common use of Commencement of Litigation Clause in Contracts

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s prior consent, which consent shall not be unreasonably withheld.

Appears in 19 contracts

Samples: Investment Management Agreement (BlackRock Multi-Sector Opportunities Trust II), Agreement Between State Street Bank and Trust Company and Investment Companies (Blackrock Muniyield New Jersey Fund, Inc.), Investment Management Agreement (BlackRock Fixed Income Value Opportunities II)

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Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 17 contracts

Samples: Agreement Between State Street Bank and Trust Company and Investment Companies (Blackrock Municipal Income Investment Trust), Agreement Between State Street Bank and Trust Company and Each of the Investment Companies (Blackrock Muniyield Michigan Quality Fund, Inc.), Agreement Between State Street Bank and Trust Company and Investment Companies (Blackrock Muniholdings New Jersey Quality Fund, Inc.)

Commencement of Litigation. The Custodian may not commence any litigation exclusively on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s prior written consent. Except where the Custodian is a necessary party to the litigation, a A Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s prior consent, which consent shall not be unreasonably withheld.

Appears in 4 contracts

Samples: Agreement (Hartford Funds Master Fund), Custodial Agreement (Hartford HLS Series Fund Ii Inc), Investment Agreement (Hartford Mutual Funds Inc/Ct)

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions from the Fund's Board or with the applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Custodian Agreement (Gmam Absolute Return Strategies Fund LLC), Agreement Between Jpmorgan Chase Bank and the Funds (Gmam Absolute Return Strategies Fund LLC)

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably reasonably withheld.

Appears in 1 contract

Samples: Agreement Between Jpmorgan Chase Bank and Investment Companies (Mlig Variable Insurance Trust)

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Commencement of Litigation. The Notwithstanding the foregoing, the Custodian may not commence any litigation on behalf of the Trust or a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s prior written consent. Except where the Custodian is a necessary party to the litigation, the Trust or a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Custody Agreement (Bridge Builder Trust)

Commencement of Litigation. The Custodian may not commence any litigation on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s 's prior written written: consent. Except where the Custodian is a necessary party to the litigation, a Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Custodial Agreement (Blackrock California Municipal Income Trust)

Commencement of Litigation. The Custodian may not commence any litigation exclusively on behalf of a Fund or Series except pursuant to Proper Instructions or with the applicable Fund’s 's prior written consent. Except where the Custodian is a necessary party to the litigation, a A Fund or Series shall not instruct the Custodian to commence litigation without the Custodian’s 's prior consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Investment Management Agreement (Hartford Funds Master Fund)

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