Custodian Services. The Administrator shall procure on behalf of the Trust and the Fund(s) a custodian or custodians for the Fund(s) to provide for the safekeeping of the Fund’s assets. Administrator shall be responsible for compensating such custodian or custodians out of Administrator’s compensation as set forth in Exhibit B of this Agreement. Such custodian or custodians shall be subject to the approval of the Trustees. The Trust may be a party to any foregoing agreement.
Custodian Services. The Sub-Custodian shall hold in an account in the name of the Custodian, as custodian for the Funds, securities registered in the name of the Sub-Custodian's nominee (the "Account") and owned by each such Fund. Such securities shall be designated by the Custodian upon instructions of the appropriate Fund and shall consist of bonds of any issue that (a) are tax exempt, (b) incorporate a daily adjustable interest rate that is convertible to interest rates determinable on a variable or a fixed rate basis, (c) entitle the owners of such securities to have such securities purchased on on a daily basis or at certain other specified times and (d) require the services of a custodian to establish a book-entry system similar to that set forth in the Relevant Master Custody Agreement (as hereinafter defined in paragraph 13 hereof). Such securities may be commingled with other securities of the same issue or with other securities held in a fiduciary or custodial capacity but shall be physically segregated from all securities held in the Sub-Custodian's individual capacity or for its account. Subject to paragraph 13 hereof, the Sub-Custodian shall release and deliver such securities only upon receipt of instructions from the Custodian. The Sub-Custodian shall collect on a timely basis, and credit to each Fund's Sub-Custodial account, all income and other payments with respect to securities held under this Agreement to which such Fund is entitled by law and shall notify the Custodian of any income or other payments that are not collected within a reasonable time after they become payable. Payments of income are to be made by wire advice to the account of each Fund so specified on Exhibit A. The Sub-Custodian shall at no time supervise the investment of, or advise or make any recommendations for the sale, purchase or other disposition of securities held under this Agreement. All purchase and sale transactions shall be carried out by the Sub-Custodian only as the Custodian may instruct pursuant to paragraph 3 hereof.
Custodian Services. 7.1. The Manager will arrange for the Custodian to provide the Custodian Services in relation to the Investor’s Subscription and assets held in the Investor’s Portfolio and for the Custodian and the Nominee to provide the Nominee Services. The Custodian will act as custodian of the cash and other assets in the Portfolio and the Nominee will be the legal owner of applicable Shares and retain certain registers in respect of the same. The Custodian will operate and maintain an account in the name of the Policyholder for the proceeds of a successful claim under the Insurance Policy and the Policyholder is authorised to instruct the Custodian to receive, distribute or transfer any such proceeds in accordance with the Settlement.
7.2. The Manager will provide a copy of the Custodian Agreement and/or Nominee Agreement to the Investor as soon as reasonably practicable upon written request.
7.3. By accepting the terms of this Agreement, the Investor agrees that:
(a) the Manager is authorised to enter into the Custodian Agreement and Nominee Agreement on the Investor’s behalf as the Investor’s agent, to give instructions to the Custodian and Nominee and to agree any subsequent amendments to the Custodian Agreement and/or Nominee Agreement on the Investor’s behalf, provided that the Manager notifies the Investor of such amendments in accordance with the FCA rules;
(b) the Investor is bound by the terms of the Custodian Agreement and Nominee Agreement and the Investor has read and are bound by the Custodian and Nominee Investor Terms and Conditions and Custodian Privacy Policy;
(c) the Custodian and Manager are each authorised to transfer cash or Investments from the Investor’s account to meet the respective fees and settlement under this agreement or other obligations under the Custodian Agreement and the fees of the Custodian under the Nominee Agreement; and
(d) the Custodian and Policyholder are each authorised to transfer the proceeds of a successful claim under the Insurance Policy in accordance with the Settlement.
7.4. Under the Custodian Agreement, the Investor will remain the customer of the Manager, but will also become a customer of the Custodian for settlement nominee and custody purposes only. The Manager retains responsibility for compliance and regulatory requirements regarding the management of the Investor’s Subscription and Portfolio. Neither the Custodian nor the Nominee provides investment advice, gives advice or offers any opinion regarding the su...
Custodian Services. In addition to the services described in this Section 7 and to the extent not inconsistent therewith, Custodian shall perform the custodian services set forth in Schedule ___ hereto.
Custodian Services. (a) The Custodian agrees with the Client that the Custodian will, without limitation:
i. take custody of the Client’s Assets and any documents evidencing title to the Client’s Assets and hold them for the account of and on behalf of the Client or for the account of and on behalf of the Client in a Sub-Account and, where a Fund or Funds are described in the BIAF, the Custodian will hold such Client’s Assets and documents in respect of each Fund in accordance with this Agreement;
ii. hold the Client’s Assets as bare trustee either in the name of the Custodian or in the name of a Sub-Custodian or a Securities System (as appropriate) whereby the beneficial interest in the Client’s Assets is held by the Client;
iii. hold the Client’s Assets separate and distinct from other assets held by the Custodian in its own capacity or on behalf of any other Client or Fund except where it is not practical or cost effective to do so (including where the Client’s Asset represents a beneficial interest in a bond or note which is less than its Face Value), in which case the Custodian may, subject to Applicable Law, pool the Client’s Assets in the Custody Account with assets of other persons and agrees to keep records in a way that enables the Client’s Assets to be identified;
iv. subject to clauses 13.3 and 13.5, credit all Distributions, income and other payments due in respect of Client’s Assets to the relevant Bank Account;
v. act on Proper Instructions in accordance with this Agreement;
vi. provide the Reports to the Client, in accordance with clause 3.14;
vii. keep the Records in accordance with clause 12.1;
viii. prepare and lodge returns and other documents required by Applicable Law to be lodged by a custodian of the Client’s Assets;
ix. comply with the Applicable Law at all times; and
x. act with reasonable care and in the Client’s interests in performing the functions required of it under this Agreement.
(b) Subject to the Client indemnifying the Custodian in accordance with clause 3.1(c), upon receipt of a request in writing from the Client, and without limiting any other provision of this Agreement, the Custodian will: without limitation taking action to recover Distributions, income or payments;
Custodian Services. 1.1 It is understood and agreed that our responsibility as the Custodian for the safekeeping of or dealing with the Documents pursuant to the terms of this Custodian Letter shall be limited to the exercising of the same degree of care as to our own property of a similar kind under our own custody.
1.2 All Documents shall be held by us in the name of [BBB] and [AAA] (to the extent required by any applicable law).
1.3 The Documents to be held by us (the “Documents”) are:
i . the documents evidencing mortgage and/or a factory mortgage, as the case may be, on any of the Project Buildings and the Project Site;
Custodian Services. 1.1 Set-up and Maintenance
(a) Set up services with Morningstar.
(b) Maintenance services: refresh Plan business rules, participant information and profiles with Morningstar.
(c) Standard reporting on participant activity.
(d) Sponsor and participant customer service support services.
Custodian Services. 18.1 The Company may, at the request of the Client, agree to act as the Client’s direct custodian to hold Securities on behalf of the Client on the terms set out below under this section 18 Provided Always that:
(a) the Company shall be entitled, at the Company’s absolute discretion, to refuse to take custody of any Securities without assigning any reason therefor;
(b) that the Company may appoint and/or hold any Securities through any custodian, nominee or broker – who shall, as between the Client and the Company be deemed to be a delegate of the Company; and
(c) the terms of the Company for the provision of custody services to the Client shall, where the Securities are also intended and subject to a security/collateral interest in favour of the Company, be subordinated to and subject always to the terms of the security/collateral interest created and/or granted by the Client in favour of the Company – generally the “Collateral Terms” For the avoidance of doubt: Collateral Terms, the Collateral Terms shall prevail; and
(ii) The Company may, for the purpose of safe custody of the Client’s assets denominated in a foreign currency, maintain the custody account with a custodian outside Singapore which is licensed, registered or authorised to act as a custodian in the country or territory where the account is maintained who shall, as between the Client and the Company, again be deemed to be a delegate of the Company.
(iii) The Client hereby consents that the Company shall be entitled at the Company’s absolute discretion to change the appointment of custodians outside Singapore for the purpose of the safe custody of the Client’s assets denominated in a foreign currency, provided the terms of the agreement with the new custodian is substantially similar to the terms of the agreement with the previous custodian.
18.2 The Client acknowledges and hereby agrees that the Company’s provision of custody services are subject to the terms as follows:
(a) except otherwise required by law (including in particular the provisions of the SFA and its Regulations) or by the express terms set out in this section 18, the Company as custodian to and of the Client for its custody services acts as bare custodian (or if trustee as bare trustee under law) and not as active trustee or fiduciary to or for the Client;
(b) The Client’s obligation to pay and/or indemnify the Company for the provision of custodian services hereunder such fees and other charges at such rates as may be determ...
Custodian Services. All fund accounting, including
Custodian Services. All the Investments acquired or transacted by you through the investment services offered by the Bank pursuant to this Agreement or otherwise belonging to you and delivered to the Bank (collectively, “Acquired Assets”) shall be held in the custody of the Bank or its Nominees and the provisions contained in this Part shall apply to such custody.
