Custodian Responsibilities Sample Clauses
Custodian Responsibilities. (a) Custodian, in accordance with the provisions of Section 4 hereof, has established the Collateral Account (as defined below), which shall be governed by and subject to this Agreement. Custodian shall segregate Custodial Assets it receives from each Pledgor in the Party A Collateral Subaccount (with respect to Collateral delivered by Party A) or the Party B Collateral Subaccount (with respect to Collateral delivered by Party B) each subtitled in the name of each such Pledgor as contemplated in Section 4 hereof. Custodian shall disburse, release and transfer the Custodial Assets only in accordance with Section 4 hereof.
(b) Each of Party A and Party B agrees that Collateral to be delivered to the Custodian for deposit in the Collateral Account may be, and hereby authorizes the Custodian on a continuous and on-going basis to hold Collateral, in the form of book-entry credits to the account of the Custodian. Each of Party A and Party B hereby authorizes the Custodian on a continuous and on-going basis to deposit all Collateral it receives in connection with its performance hereunder. Each of Party A and Party B, in its capacity of a Pledgor, also authorizes the Custodian to hold Collateral in registered form in the name of the Custodian, the name of its nominee or nominees or in blank; provided however, in no event shall such collateral be registered in the name of a Pledgor unless duly endorsed in blank. Where Collateral is transferred to the Collateral Account, the Custodian shall identify such Collateral on its books and records as belonging to the Pledgor that delivered such Collateral, and pledged to the Secured Party and shall provide the Secured Party and the Pledgor a confirmation of such transfer.
(c) Promptly following the end of each calendar month, the Custodian will provide Party A, Party B and the Valuation Agent with a statement identifying all Custodial Assets, if any, in the Collateral Account. In addition, the Custodian shall provide each Party A and Party B secured online access to the identity of all Custodial Assets, if any, in the applicable sub-account of the Collateral Account. In connection with providing such secured online access, the Custodian may require registration and the acceptance of a disclaimer. Party A, Party B and the Valuation Agent shall regularly, but at least once a month, review all such electronic statements and shall promptly advise the Custodian of any error, omission or inaccuracy in each statement. Custodian s...
Custodian Responsibilities. SECTION 4.1 - COMPLIANCE WITH RULES Custodians are to comply with rules, regulations and directions, from time to time adopted by the Board or its representatives, which are not inconsistent with the provisions of this Agreement. The appropriate administrator shall be informed of any situation where compliance with such rules, regulations and directions would create an immanent hazard to health or safety, and the administrator shall take any action necessary. Custodians will not undertake to perform any activity involving dangerous conditions of work or danger to a person or property or in violation of an applicable statute, court order or governmental regulation relating to safety of person or equipment. If they do so, such custodian will be subject to disciplinary action. Custodians shall operate only vehicles or equipment that is in a safe operating condition or equipped with the safety appliance prescribed by law. It shall not be a violation of this Agreement where employees refuse to operate defective equipment unless such refusal is unjustified. Any employee refusing to operate equipment asserting that such equipment is defective or unsafe shall inform the Facilities Director of the asserted defect or safety concern as soon as such condition is known to the employee.
Custodian Responsibilities.
SECTION 4.1 COMPLIANCE WITH RULES Custodians are to comply with rules, regulations and directions, from time to time adopted by the Board or its representatives, which are not inconsistent with the provisions of this Agreement. The appropriate administrator shall be informed of any situation where compliance with such rules, regulations and directions would create an immanent hazard to health or safety, and the administrator shall take any action necessary. Custodians will not undertake to perform any activity involving dangerous conditions of work or danger to a person or property or in violation of an applicable statute, court order or governmental regulation relating to safety of person or equipment. If they do so, such custodian will be subject to disciplinary action. Custodians shall operate only vehicles or equipment that is in a safe operating condition or equipped with the safety appliance prescribed by law. It shall not be a violation of this Agreement where employees refuse to operate defective equipment unless such refusal is unjustified. Any employee refusing to operate equipment asserting that such equipment is defective or unsafe shall inform the Facilities Supervisor of the asserted defect or safety concern as soon as such condition is known to the employee.
SECTION 4.2 REPORTS SECTION 4.2(a) - REPORTING DEFECTIVE EQUIPMENT Custodians shall immediately report all defects of equipment to the Facilities Supervisor electronically or on a form furnished by the Board. The Facilities Supervisor will establish a procedure to require night contract custodians communicate all equipment defects (with specific description) to the building day custodian for relay to the Facilities Supervisor. The night custodian will provide sufficient detail of the defect to inform the day custodian and Facilities Supervisor of the nature of the defect.
Custodian Responsibilities understand that as the departmental representative, I am charged with the responsibitiy to hold the procurement card(s) in safekeeping until needed by authorized users. Other responsibilities include but are not limited to
Custodian Responsibilities. As Card Custodian, you are responsible for safeguarding the PCard for your department, maintaining complete and accurate records of PCard use, and preparing reconciliations between the purchase documents supporting charges on the PCard and the statement of charges received from US Bank, in compliance with Program policies and procedures. As a back-up Card Custodian, you are subject to all Card Custodian responsibilities for any period in which you act as Card Custodian. Card Custodian specific responsibilities include but are not limited to:
2.1 Manage physical custody and security of the PCard and account number.
2.2 Ensure PCards with multiple Card Users are checked in and out via Multiple User Log. The Multiple User log may be maintained in either a hard copy or electronic format. The following must be tracked on a Multiple User Log: the date; Card User name; vendor name; and the dollar amount of the transaction. If the Multiple User Log is maintained in an electronic format, you shall ensure you are the only one that can access the Multiple User Log. Additionally, you shall be responsible for obtaining all required information from Card Users and completing the electronic Multiple User Log each time the PCard is checked in or out. If you maintain the Multiple User Log in a hard copy format, either you or Card User using the PCard may be responsible for completing the Multiple User Log.
2.3 Maintain complete transaction records. Transaction records include sales slips, cash register receipts, invoices, order forms, reconciliation records, receiving reports and shipping address. Generally, these transaction records arise out of the normal course of business. The documentation must support a clear determination of what was ordered, what was paid for and what was received. Charge slips that do not include an itemization of purchases are inadequate. If an original charge slip is lost, you must circle the charge on the monthly statement and obtain a written description, from Card User, identifying what was purchased. The written purchase description must be attached to the statement and retained as additional support. These transaction records must be maintained for the record retention period of six (6) years.
2.4 Reconcile your department’s monthly statement of PCard transactions. An individual statement for the PCard listed above will be mailed from US Bank to your department monthly. The statements must be received and stored in a secure location. Within...
Custodian Responsibilities. The Custodian shall receive and hold the assets of the Plan fund (the “Fund”) on behalf of Participants in accordance with the terms of this Agreement. The duties of the Custodian, Broker-Dealer, and VRIAC (collectively, “Voya”) shall be to act solely in accordance with the instructions of the Administrator or Authorized Parties in accordance with the Scope of Service, (“Scope of Service”) at Schedule A, attached here to and incorporated herein.
Custodian Responsibilities. BY SIGNING THIS AGREEMENT AS CARD CUSTODIAN, I apply for a US Bank VISA
Custodian Responsibilities