Custodian’s liability for Sub-Custodians, Depositories, brokers and dealers Sample Clauses

Custodian’s liability for Sub-Custodians, Depositories, brokers and dealers. 13.2.1 For the purposes of this clause 13, the Custodian accepts liability to the Issuer to the extent and with the limitations described in clause 13.1 for any Losses suffered or incurred by the Issuer by reason or as a result of the negligence, wilful default or fraud in any act or omission of any Specified Sub-Custodian, or any Nominee controlled by the Custodian or any of its Affiliates which for the purposes of this clause 13.2.1 will be judged by reference to the standards prevailing in the relevant Local Jurisdiction. Without prejudice to the generality of clause 13.2.3, in the event of the insolvency of a Specified Sub-Custodian negligence, wilful default and fraud will be judged by reference to the Custodian’s acts and omissions in relation to the performance of its duties and not be deemed to have occurred solely by virtue of its insolvency.
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  • AS AGENT FOR BUYER/TENANT The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

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