Common use of Custodian Notification Clause in Contracts

Custodian Notification. The Custodian shall notify the Customer 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. 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 Customer.

Custodian Notification. The Custodian shall notify the Customer or its designee Issuer 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. Without Absent the Custodian's actual receipt of such notice by the Custodian in its capacity as custodian notice, the Custodian shall have no liability for failing to so notify the CustomerIssuer.

Custodian Notification. The Custodian shall notify the Customer a Trust 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 issuer, or Depositoryfrom a Subcustodian, Depository or third party vendor. Without actual receipt of such notice by the Custodian in its capacity as custodian from its contracted corporate action service providers the Custodian shall have no liability for failing responsibility to so notify the CustomerTrust unless Custodian is otherwise aware of such rights or discretionary corporate actions.

Custodian Notification. The Custodian shall notify the Customer Client 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 subcustodian or Depositorydepository. 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 CustomerClient.