Custodian Notification Sample Clauses
The Custodian Notification clause requires that a designated custodian be promptly informed of specific events or actions relevant to their responsibilities. Typically, this clause applies in contexts where documents, assets, or information are held by a third party, such as in legal proceedings or escrow arrangements, and notification may be triggered by events like a court order, a breach, or a request for release. Its core practical function is to ensure that the custodian is kept aware of developments that may affect their duties, thereby facilitating compliance and reducing the risk of miscommunication or unauthorized actions.
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Custodian Notification. The Custodian shall notify the Fund or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian has actually received notice of such right or discretionary corporate action from the relevant Foreign Custodian, Depository or otherwise. Absent actual receipt of such notice, the Custodian shall have no liability for failing to so notify the Fund.
Custodian Notification. 8 3.2 Direction......................................................................................................................... 8
Custodian Notification. The Custodian shall notify the Issuer of rights or discretionary actions as promptly as practicable under the circumstances, provided that the Custodian has actually received notice of such right or discretionary corporate action from the relevant Subcustodian or Depository. Absent the Custodian's actual receipt of such notice, the Custodian shall have no liability for failing to so notify the Issuer.
Custodian Notification. The Custodian shall notify the Fund or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action, including, in the case of Securities held by a Subcustodian or Depositary, from the relevant Subcustodian or Depository. Without actual receipt of such notice by the Custodian in its capacity as custodian the Custodian shall have no liability for failing to so notify the Fund absent fraud, bad faith, or willful misconduct of the Custodian.
Custodian Notification. The Custodian shall notify the Fund or its designee of rights or discretionary corporate actions, and of the date or dates by when such rights must be exercised or such action must be taken, as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action or of the date or dates such rights must be exercised or such action must be taken from the relevant Subcustodian or Depository or a nationally or internationally recognized bond or corporate action service to which Custodian subscribes. Without actual receipt of such notice by the Custodian in its capacity as custodian the Custodian shall have no liability for failing to so notify the Fund, unless Custodian’s failure to receive such notice is the direct result of Custodian’s intentional misconduct or willful misfeasance.
Custodian Notification. The Custodian shall monitor corporate actions notification services and other applicable sources and notify the Fund or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice, or has actual knowledge, of such right or discretionary corporate action from the relevant notification service, Subcustodian or Depository. Without actual receipt or actual knowledge of such notice by the Custodian in its capacity as custodian the Custodian shall have no liability for failing to so notify the Fund.
Custodian Notification. The Custodian shall notify the Security Provider and the Secured Party of rights or discretionary actions and of the date or dates by which such rights must be executed or such actions must be taken as promptly as practicable under the circumstances, provided that the Custodian or the BNY Mellon Affiliate nominee company acting on behalf of the Custodian on the terms of this Agreement has actually received notice of such right or discretionary corporate action from the relevant Depository. Absent actual receipt of such notice, the Custodian shall have no liability for failing to so notify the Security Provider or the Secured Party.
Custodian Notification. The Custodian shall notify the Fund or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action from the relevant Subcustodian or Depository.