Conflicting Claims. In the event of any dispute or conflicting claims by any person or persons with respect to securities or other property held as Fund assets, the Custodian shall be entitled to refuse to act until either: (a) such dispute or conflicting claim shall have been finally determined by a court of competent jurisdiction or settled by agreement between conflicting parties, and the Custodian shall have received written evidence satisfactory to it of such determination or agreement; or (b) the Custodian shall have received an indemnity, security or both, satisfactory to it and sufficient to hold it harmless from and against any and all loss, liability and expense which the Custodian may incur as a result of its actions.
Appears in 9 contracts
Samples: Custodian Agreement (AIP Macro Registered Fund A), Custodian Agreement (AIP Macro Registered Fund P), Custodian Agreement (Alternative Investment Partners Absolute Return Fund STS)
Conflicting Claims. In the event of any dispute or conflicting claims by any person or persons with respect to securities or other property held as Fund assetsCustomer Assets, the Custodian shall be entitled to refuse to act until either: (a) such dispute or conflicting claim shall have been finally determined by a court of competent jurisdiction or settled by agreement between conflicting parties, and the Custodian shall have received written evidence satisfactory to it of such determination or agreement; or (b) the Custodian shall have received an indemnity, security or both, satisfactory to it and sufficient to hold it harmless from and against any and all loss, liability and expense which the Custodian may incur as a result of its actions.
Appears in 8 contracts
Samples: Custody Services Agreement, Custody Services Agreement (Natixis Funds Trust II), Custody Services Agreement (Natixis Funds Trust II)
Conflicting Claims. In the event of any dispute or conflicting claims by any person or persons with respect to securities or other property held as Fund assetsAssets, the Custodian shall be entitled to refuse to act until either: (a) such dispute or conflicting claim shall have been finally determined by a court of competent jurisdiction or settled by agreement between conflicting parties, and the Custodian shall have received written evidence satisfactory to it of such determination or agreement; or (b) the Custodian shall have received an indemnity, security or both, satisfactory to it and sufficient to hold it harmless from and against any and all loss, liability and expense which the Custodian may incur as a result of its actions.
Appears in 1 contract
Samples: Master Custody Services Agreement (PIMCO Flexible Credit Income Fund)
