Custodian’s Rights. Neither the Custodian nor any Subcustodian shall be obligated to make any Advance or to allow an Advance to occur to the Fund, and in the event that the Custodian or any Subcustodian does make or allow an Advance, any such Advance and any transaction giving rise to such Advance shall be for the account and risk of the Fund and shall not be deemed to be a transaction undertaken by the Custodian for its own account and risk. If such Advance shall have been made or allowed by a Subcustodian or any other person, the Custodian may assign all or part of its security interest referenced above and any other rights granted to the Custodian hereunder to such Subcustodian or other person. If the Fund shall fail to repay the Advance Costs when due, the Custodian or its assignee, as the case may be, shall be entitled to a portion of the available cash balance in any Agency or Principal Account equal to such Advance Costs, and the Fund authorizes the Custodian, on behalf of the Fund, to pay an amount equal to such Advance Costs irrevocably to such Subcustodian or other person, and to dispose of any property in such Account to the extent necessary to make such payment. Any Investments credited to accounts subject to this Agreement created pursuant hereto shall be treated as financial assets credited to securities accounts under Articles 8 and 9 of the Uniform Commercial Code as in effect in the State of New York from time to time. Accordingly, the Custodian and any Subcustodian shall have the rights and benefits of a secured creditor that is a securities intermediary under such Articles 8 and 9.
Custodian’s Rights. The Custodian may rely on and shall be protected in acting upon any certificate, instrument, opinion, notice, letter, telegram or other document delivered to it and which in good faith it reasonably believes to be genuine and which has been signed by the proper party or parties. The Custodian may rely conclusively on and shall be protected in acting upon the written or oral instructions of a Designated Person, including, without limitation, any instructions received pursuant to Section 1.03 hereof.
Custodian’s Rights. (a) We have the right to not process or accept a transaction or investments. For example, if we determine that an investment or transaction poses risk to us, is no longer administratively feasible, is inconsistent with our internal practices and standards, or is beyond the scope of our administrative responsibilities, capabilities or expertise, we have the right to not process the transaction or investment and we have the right to resign from our role as Custodian of the particular asset and/or Xxxx XXX Account. If we choose to resign, we may distribute this asset or the assets in your Xxxx XXX Account to you at its last known value, which could subject you to fees for us having to re-register the asset and process the transaction. We shall have no liability for any tax, financial, or other consequences related to such distribution.
Custodian’s Rights. (a) We have the right to not process or accept a transaction or investment. For example, if we determine that an investment or transaction poses risk to us, is no longer administratively feasible, is inconsistent with our administrative responsibilities, capabilities or expertise, we have the right to not process the transaction or investment and we have the right to resign from our role as Custodian of the particular asset and/or IRA Account. If we choose to resign, we may distribute this asset or the assets in your IRA Account to you at its last known value, which could subject you to fees for us having to re-register the asset and process the transaction. We shall have no liability for any tax, financial, or other consequences related to such distribution.
Custodian’s Rights. The Board agrees that it will not deprive or coerce any custodian in the exercise of any rights granted to them under Chapter 303, Public Law of 1968 as amended by Chapter 123 Public Laws of 1974, or any other laws of the State of New Jersey or by virtue of any rulings or regulations of the State Board of Education or any rights granted to them under the Constitution of the State of New Jersey or under the Constitution of the United States. In the event of a vacancy or recall to work, those employees who were laid off due to a reduction in force within the last year shall be notified by the district that an opening exists. The district shall send such correspondence to the employee’s last known address appearing on school district records, by certified mail, return receipt requested. Within five (5) days from receipt of such notice of recall, the employee shall notify the Board of Education, in writing, whether or not he/she desires to return to the work involved in the recall. If he/she fails to reply, or if he/she indicates that he/she does not desire to return to work, he/she shall forfeit all rights to recall.
Custodian’s Rights. (a) At all times during this agreement when any sum shall be due and payable but remains unpaid, we may retain possession of and shall have the right to sell, or otherwise dispose of or deal with such securities as may, in our judgement and discretion, equal to such sum then due and payable but unpaid by you to us.
Custodian’s Rights. (a) We have the right to not process or accept a transaction or investments. For example, if we determine that an investment, or transaction poses a risk to us, is no longer administratively feasible, is inconsistent with internal practices and standards, or is beyond the scope of our administrative responsibilities, capabilities or expertise, we have the right to not process the transaction or investment and we have the right to resign from our role as Custodian of the particular asset and/or CESA. If we choose to resign, we may distribute this asset to the Designated Beneficiary at its last known value, which could subject the Designated Beneficiary to fees for us having to re-register the asset and process the transaction. We shall have no liability for any tax, financial, or other consequences related to such distribution.
Custodian’s Rights. The Board agrees that it will not deprive or coerce any custodian in the exercise of any rights granted to them under Chapter 303, Public Law of 1968 as amended by Chapter 123 Public Laws of 1974, or any other laws of the State of New Jersey or by virtue of any rulings or regulations of the State Board of Education or any rights granted to them under the Constitution of the State of New Jersey or under the Constitution of the United States.
Custodian’s Rights. The Custodian shall not be obligated to make any advance or to allow an advance to occur to a Fund, and in the event that the Custodian does make or allow an advance, any such advance and any transaction giving rise to such advance shall be for the account and risk of the applicable Fund and shall not be deemed to be a transaction undertaken by the Custodian for its own account and risk. If such advance shall have been made or allowed by any other person, the Custodian may assign all or part of its security interest and any other rights granted to the Custodian hereunder to such other person. If the applicable Fund shall fail to repay the costs of such advance when due, the Custodian or its assignee, as the case may be, shall be entitled to a portion of the available cash balance in any cash account of such Fund equal to such costs, and the Fund authorizes the Custodian, on behalf of such Fund, to withdraw an amount equal to such advance costs irrevocably to such other person, and to dispose of any Assets in such Account to the extent necessary to make such payment. Any Investments and funds credited to accounts subject to this Agreement created pursuant hereto shall be treated as financial assets credited to securities accounts under Articles 8 and 9 of the Uniform Commercial Code as in effect in the State of New York from time to time. Accordingly, the Custodian shall have the rights and benefits of a secured creditor that is a securities intermediary under such Articles 7 and 8.
Custodian’s Rights. The Custodian’s rights, protections, and remedies under this Agreement shall survive the termination of this Agreement.
