Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only (a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized persons; (b) when such Securities are called, redeemed or retired, or otherwise become payable; (c) in exchange for or upon conversion into other Securities along or other Securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment; (d) upon conversion of such Securities pursuant to their terms into other Securities; (e) upon exercise of subscription, purchase or other similar rights represented by such Securities; (f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities; (g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund; (h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed; (i) for other proper trust purposes of the Fund; (j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection (i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (j) of this Section 6 will be made in accordance with Section 17.
Appears in 4 contracts
Samples: Foreign Custody Agreement (Kemper Portfolios), Foreign Custody Agreement (Kemper Income & Capital Preservation Fund Inc), Foreign Custody Agreement (Kemper Diversified Income Fund)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along or other Securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (j) of this Section 6 will be made in accordance with Section 17.
Appears in 3 contracts
Samples: Foreign Custody Agreement (Kemper Technology Fund), Foreign Custody Agreement (Kemper Total Return Fund), Foreign Custody Agreement (Kemper Blue Chip Fund)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only:
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the capital stock of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(ih) for other proper trust corporate purposes of the Fund;; or
(ji) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), or (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6made. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of the Fund adequately describing such transfer, . exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities securities shall be made. Any transfer or delivery pursuant to subsection (ji) of this Section 6 will be made in accordance with Section 1722.
Appears in 2 contracts
Samples: Custody Agreement (Warburg Pincus Health Science Fund Inc), Custody Agreement (Warburg Pincus Small Co Growth Fund Inc)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized persons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along or other Securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri State Street Bank and Trust Company, sub-custodian of Kansas City, National Associationthe Fund, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (j) of this Section 6 will be made in accordance with Section 17.
Appears in 2 contracts
Samples: Foreign Custody Agreement (Kemper Horizon Fund), Foreign Custody Agreement (Kemper Aggressive Growth Fund)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized persons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along or other Securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri State Street Bank and Trust Company, sub-custodian of Kansas City, National Associationthe Fund, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
(i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (j) of this Section 6 will be made in accordance with Section 17.
Appears in 2 contracts
Samples: Foreign Custody Agreement (Kemper Quantitative Equity Fund), Foreign Custody Agreement (Kemper Europe Fund)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only:
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along or other Securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;; or
(j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (j) of this Section 6 will be made in accordance with Section 17.
Appears in 2 contracts
Samples: Foreign Custody Agreement (Growth Fund of Spain Inc), Foreign Custody Agreement (Kemper Global International Series)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized persons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along or other Securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (j) of this Section 6 will be made in accordance with Section 17.
Appears in 2 contracts
Samples: Foreign Custody Agreement (Kemper Growth Fund), Foreign Custody Agreement (Kemper Small Capitalization Equity Fund)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians sub-custodians only:
(a) A. upon sale of such Securities for the Fund designated Portfolio involved and receipt by the Bank or its subcustodian only sub-custodian of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) B. when such Securities are called, redeemed or retired, or otherwise become payable;
(c) C. in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) D. upon conversion of such Securities pursuant to their terms into other Securities;
(e) E. upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) F. for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) G. for the purpose of redeeming in kind shares of beneficial interest of the Fund designated Portfolio involved against delivery to the Bank or its subcustodian sub-custodian of such shares to be so redeemed;
(i) H. for other proper trust purposes of the Fund;designated Portfolio involved; or
(j) I. upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian sub-custodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive from the Company a certified copy of a resolution of the Board of Trustees of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (ji) of this Section 6 will be made in accordance with Section 1717 hereof.
Appears in 1 contract
Samples: Sub Custodian Agreement (Nicholas Applegate Mutual Funds)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians sub- custodians only
: (a) upon sale of such Securities for the particular Investment Portfolio of the Fund involved and receipt by the Bank or its subcustodian only sub-custodian of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized persons;
Persons; (b) when such Securities are called, redeemed or retired, or otherwise become payable;
; (c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
; (d) upon conversion of such Securities pursuant to their terms into other Securities;
; (e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
; (f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
; (g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the capital stock of the particular Investment Portfolio of the Fund involved against delivery to the Bank or its subcustodian sub-custodian of such shares to be so redeemed;
; (ih) for other proper trust corporate purposes of the Fund;
particular Investment Portfolio of the Fund involved; or (ji) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian sub-custodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Directors of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (ji) of this Section 6 will be made in accordance with Section 17.17 hereof. 7. Custody Account Procedures. With respect to any transaction involving Securities held in or to be acquired for a Custody Account, the Bank in its discretion may cause the Deposit Account for the particular Investment Portfolio of the Fund involved to be credited on the actual settlement date with the proceeds of any sale or exchange of Securities from the particular Custody Account and to be debited on the actual settlement date for the cost of Securities purchased or acquired for the particular Custody Account. Settlement and payment for Securities received for, and delivery of Securities out of, a Custody Account may be effected in accordance with the customary or established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering Securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such Securities from such purchaser or dealer. 8. Actions of the Bank. Until the Bank receives Instructions from Authorized Persons to the contrary, the Bank will, or will instruct it sub-custodian, to: (a) present for payment any Securities in a Custody Account which are called, redeemed or retired or otherwise become payable and all coupons and other income items which call for payment upon presentation to the extent that the Bank or sub- custodian is aware of such opportunities for payment, and hold cash received upon presentation of such Securities in accordance with the provisions of Sections 2, 3 and 4 hereof; (b) in respect of Securities in a Custody Account, execute in the name of the Fund on behalf of the particular Investment Portfolio involved such ownership and other certificates as may be required to obtain payments in respect thereof; (c) exchange interim receipts or temporary Securities in a Custody Account for definitive Securities; (d) (if applicable) convert monies received with respect to Securities of foreign issue into United States dollars or any other currency necessary to effect any transaction involving the Securities whenever it is practicable to do so through customary banking channels, using any method or agency available, including, but not limited to, the facilities of the Bank, its subsidiaries, affiliates or sub-custodians; (e) (if applicable) appoint brokers and agents for any transaction involving the Securities in a Custody Account, including, without limitation, affiliates of the Bank or any sub- custodian; and
Appears in 1 contract
Custody Account Transactions. Subject to the provisions Sections 7 and 8, ---------------------------- Assets of Section 7, Securities any Customer in the a Custody Account will be transferred, exchanged or delivered by the Bank Barclays or its subcustodians Subcustodians only:
(a) upon sale of such Securities Assets for the Fund account of such Customer, which sale (i) shall, unless Instructions are received to the contrary, be made in accordance with the customary or established securities trading and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be processing practices and procedures in the amount confirmed by jurisdiction or market in which such sale is to take place, including, without limitation, delivery of a Security in connection with such sale to the buyer, the dealer or their agents against a receipt indicating, or the expectation of, future payment for such Security and (ii) shall be at prices set forth in Instructions from Authorized personsPersons;
(b) to a depository agent in connection with tender or other similar offers for Securities of such Customer;
(c) to the issuer of Securities or its agent, when such Securities are called, redeemed or retired, retired or otherwise become payable;
(c) ; provided that, in exchange for or upon conversion into other Securities along any such case, the cash or other Securities and cash pursuant consideration is to any plan be delivered to Barclays or merger, consolidation, reorganization, recapitalization or readjustmentits Subcustodian;
(d) upon conversion to the issuer of Securities, or its agent, for transfer into the name of any nominee of Barclays or any of its Subcustodians; or for exchange for a different number of bonds, certificates or other evidences of securities representing the same aggregate face amount or number of shares or units; provided that, in any such case, the new Securities pursuant are to their terms into other Securitiesbe delivered to Barclays or its Subcustodian;
(e) upon exercise for exchange or conversion pursuant to any plan of subscriptionmerger, purchase consolidation, recapitalization, reorganization or other similar rights represented by readjustment of Securities or pursuant to provisions for conversion of such Securities, or pursuant to any deposit agreement; provided that in any such case, the new Securities or cash, if any, are to be delivered to Barclays or its Subcustodian;
(f) for in the purpose case of exchanging warrants, rights or similar securities, the surrender thereof in connection with exercise of such warrants, rights or similar securities, or the surrender of interim receipts or temporary Securities for definitive Securities, provided that, in any such case, the new Securities and cash, if any, are to be delivered to Barclays or its Subcustodian;
(g) for the purpose any other proper corporate purposes of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;such Customer; and
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities Assets in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 87 hereof, only upon receipt by the Bank Barclays of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted all other information required by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
(i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person to whom delivery of such Securities shall be madeBarclays. Any transfer or delivery pursuant to subsection (jh) of this Section 6 will be made in accordance with Section 1716 hereof.
Appears in 1 contract
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only.
(a) upon sale of such Securities for the Fund Company and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized persons;Persons:
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund capital stock of the Company against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(ih) for other proper trust corporate purposes of the FundCompany;
(ji) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (ji) of this Section 6 will be made in accordance with Section 17.
Appears in 1 contract
Custody Account Transactions. Subject to the provisions of ---------------------------- Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians sub-custodians only:
(a) upon sale of such Securities for the particular investment portfolio of the Fund involved and receipt by the Bank or its subcustodian only sub- custodian of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for For the purpose of redeeming in kind shares of the capital stack of the particular investment portfolio of the Fund involved against delivery to the Bank or its subcustodian sub-custodian of such shares to be so redeemed;
(ih) for other proper trust corporate purposes of the Fund;particular investment portfolio of the Fund involved; or
(ji) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), ) of (f) or (g) of this Section 6 will be made, except as an provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian sub-custodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Trustees of the Fund adequately describing such transfer, exchange or delivery, delivery of declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery delivery, of such Securities shall be made. Any transfer or delivery pursuant to subsection (ji) of this Section 6 will be made in accordance with Section 1717 hereof.
Appears in 1 contract
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only:
(a) upon sale of such Securities for the particular Portfolio of the Fund involved and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in in-kind shares of the capital stock of the particular Portfolio of the Fund involved against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(h) in connection with any borrowings by the particular Portfolio requiring a pledge of Securities, but only against receipt of amounts borrowed;
(i) for other proper trust purposes in connection with any loans, but only against receipt of adequate collateral as specified in Instructions which shall reflect any restrictions applicable to the Fund;
(j) for delivery in accordance with the provisions of any agreement among the Fund, the Bank and a broker-dealer registered under the Securities Exchange Act of 1934 (the "Exchange Act") and a member of the National Association of Securities Dealers, Inc. relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange, or of any similar organizations, regarding escrow or other arrangements in connection with transactions by the particular Portfolio;
(k) for release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Bank of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Bank will receive the Securities previously deposited from brokers. The Bank will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return.
(l) for other proper corporate purposes of the particular Portfolio of the Fund involved; or
(m) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Directors of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (jm) of this Section 6 will be made in accordance with Section 1717 hereof.
Appears in 1 contract
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized persons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along or other Securities and cash pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (j) of this Section 6 will be made in accordance with Section 17.or
Appears in 1 contract
Samples: Foreign Custody Agreement (Kemper Value Plus Growth Fund)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only:
(a) upon sale of such Securities for the particular Portfolio of the Fund involved and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in in-kind shares of the capital stock of the particular Portfolio of the Fund involved against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(h) in connection with any borrowings by the particular Portfolio requiring a pledge of Securities, but only against receipt of amounts borrowed;
(i) for other proper trust purposes in connection with any loans, but only against receipt of adequate collateral as specified in Instructions which shall reflect any restrictions applicable to the Fund;
(j) for delivery in accordance with the provisions of any agreement among the Fund, the Bank and a broker-dealer registered under the Securities Exchange Act of 1934 (the "Exchange Act") and a member of the National Association of Securities Dealers, Inc. relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange, or of any similar organizations, regarding escrow or other arrangements in connection with transactions by the particular Portfolio;
(k) for release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Bank of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Bank will receive the Securities previously deposited from brokers. The Bank will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return.
(l) for other proper corporate purposes of the particular Portfolio of the Fund involved; or
(m) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Trustees of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (jm) of this Section 6 will be made in accordance with Section 1717 hereof.
Appears in 1 contract
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only:
(a) upon sale of such Securities for the particular Portfolio of the Fund involved and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in in-kind shares of the capital stock of the particular Portfolio of the Fund involved against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(h) in connection with any borrowings by the particular Portfolio requiring a pledge of Securities, but only against receipt of amounts borrowed;
(i) for other proper trust purposes in connection with any loans, but only against receipt of adequate collateral as specified in Instructions which shall reflect any restrictions applicable to the Fund;
(j) for delivery in accordance with the provisions of any agreement among the Fund, the Bank and a broker-dealer registered under the Securities Exchange Act of 1934 (the "Exchange Act") and a member of the National Association of Securities Dealers, Inc. relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange, or of any similar organizations, regarding escrow or other arrangements in connection with transactions by the particular Portfolio;
(k) for release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Bank of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Bank will receive the Securities previously deposited from brokers. The Bank will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return.
(l) for other proper corporate purposes of the particular Portfolio of the Fund involved; or
(m) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares Securities held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares Securities shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsections (ih) or (l) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Directors of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (jm) of this Section 6 will be made in accordance with Section 1717 hereof.
Appears in 1 contract
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only:
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of payment therefortherefore, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the capital stock of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(ih) for other proper trust corporate purposes of the Fund;; or
(ji) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), or (f) or (g) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6made. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or of its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (j) of this Section 6 will be made in accordance with Section 17.such
Appears in 1 contract
Samples: Custody Agreement (Warburg Pincus Japan Growth Fund Inc)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only
(a) upon sale of such Securities held for the Fund and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash Cash or Cash alone pursuant to any plan or merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose other proper corporate purposes of delivery either to United Missouri Bank of Kansas Citythe, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 8, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ig) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (jh) of this Section 6 will be made in accordance with Section 17.
Appears in 1 contract
Samples: Custody Agreement (Merrill Lynch Balanced Fd for Inv & Ret)
Custody Account Transactions. Subject to the provisions Sections 7 and 8, Assets of Section 7, Securities ---------------------------- any Customer in the a Custody Account will be transferred, exchanged or delivered by the Bank Barclays or its subcustodians Subcustodians only:
(a) upon sale of such Securities Assets for the Fund account of such Customer, which sale (i) shall, unless Instructions are received to the contrary, be made in accordance with the customary or established securities trading and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be processing practices and procedures in the amount confirmed by jurisdiction or market in which such sale is to take place, including, without limitation, delivery of a Security in connection with such sale to the buyer, the dealer or their agents against a receipt indicating, or the expectation of, future payment for such Security and (ii) shall be at prices set forth in Instructions from Authorized personsPersons;
(b) to a depository agent in connection with tender or other similar offers for Securities of such Customer;
(c) to the issuer of securities or its when such Securities are called, redeemed or retired, or otherwise become payable;
(c) ; provided that, in exchange for or upon conversion into other Securities along any case, the cash or other Securities and cash pursuant consideration is to any plan be delivered to Barclays or merger, consolidation, reorganization, recapitalization or readjustmentits Subcustodian;
(d) upon conversion to the issuer of Securities, or its agent, for transfer into the name of any nominee of Barclays or any of its Subcustodians; or for exchange for a different number of bonds, certificates or other evidences of securities representing the same aggregate face amount or number of shares or units; provided that, in any such case, the new Securities pursuant are to their terms into other Securitiesbe delivered to Barclays or its Subcustodian;
(e) upon exercise for exchange or conversion pursuant to any plan of subscriptionmerger, purchase consolidation, recapitalization, reorganization or other similar rights represented by readjustment of Securities or pursuant to provisions for conversion of such Securities, or pursuant to any deposit agreement; provided that in any such case, the new Securities or cash, if any, are to be delivered to Barclays or its Subcustodian;
(f) for in the purpose case of exchanging warrants, rights or similar securities, the surrender thereof in connection with exercise of such warrants, rights or similar securities, or the surrender of interim receipts or temporary Securities for definitive Securities, provided that, in any such case, the new Securities and cash, if any, are to be delivered to Barclays or its Subcustodian;
(g) for the purpose any other proper corporate purposes of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;such Customer; and
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. ; All transfers, exchanges or deliveries of Securities Assets in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 87 hereof, only upon receipt by the Bank Barclays of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted all other information required by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
(i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person to whom delivery of such Securities shall be madeBarclays. Any transfer or delivery pursuant to subsection (jh) of this Section 6 will be made in accordance with Section 1716 hereof.
Appears in 1 contract
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians sub-custodian only:
(a) upon sale of such Securities for the Fund and receipt by the Bank or its subcustodian only of sub-custodian or payment therefor, each such payment to be in the amount confirmed by Instructions Instruction from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable. Notwithstanding the foregoing, the Bank or its sub-custodian shall have no responsibility to the Company for monitoring or ascertaining any call, redemption or retirement dates with respect to put bonds which are owned by the Company and held by the Bank, its sub-custodian or their respective nominees. Nor shall the Bank or its sub-custodian have any responsibility or liability to the Company for any loss for any missed payments or other defaults resulting therefrom unless the Bank or such sub-custodian received timely notification from the Company specifying the time, place and manner for the presentment of any such put bond held by the Bank, its sub-custodian or their respective nominees. The Bank shall not be responsible and assumes no liability to the Company for the accuracy or completeness of any notification the Bank or any sub-custodian may furnish to the Company with respect to put bonds;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the Fund capital stock of the Company against delivery to the Bank or its subcustodian sub-custodian of such shares to be so redeemed;
(ih) for other proper trust purposes of the Fund;corporate purposes; or
(ji) upon the termination of this Custody Sub-Custodian Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian sub-custodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Directors of the Company adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (ji) of this Section 6 will be made in accordance with Section 1717 hereof.
Appears in 1 contract
Samples: Custody Agreement (Flag Investors International Fund Inc)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians sub-custodians only:
(a) upon sale of such such, Securities for the particular investment portfolio of the Fund involved and receipt by the Bank or its subcustodian only sub-custodian of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities Securities' are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along securities alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the capital stock of the particular investment portfolio of the Fund involved against delivery to the Bank or its subcustodian sub-custodian of such shares to be so redeemed;
(ih) for other proper trust corporate purposes of the Fund;particular investment portfolio of the Fund involved; or
(ji) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian sub-custodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Directors of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (ji) of this Section 6 will be made in accordance with Section 1717 hereof.
Appears in 1 contract
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only:
(a) upon sale of such Securities for the particular Portfolio of the Fund involved and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in in-kind shares of the capital stock of the particular Portfolio of the Fund involved against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(h) in connection with any borrowings by the particular Portfolio requiring a pledge of Securities, but only against receipt of amounts borrowed;
(i) for other proper trust purposes in connection with any loans, but only against receipt of adequate collateral as specified in Instructions which shall reflect any restrictions applicable to the Fund;
(j) for delivery in accordance with the provisions of any agreement among the Fund, the Bank and a broker-dealer registered under the Securities Exchange Act of 1934 (the "Exchange Act") and a member of the National Association of Securities Dealers, Inc. relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange, or of any similar organizations, regarding escrow or other arrangements in connection with transactions by the particular Portfolio;
(k) for release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Bank of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Bank will receive the Securities previously deposited from brokers. The Bank will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return.
(l) for other proper corporate purposes of the particular Portfolio of the Fund involved; or
(m) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares Securities held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares Securities shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsections (ih) or (l) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Directors of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (jm) of this Section 6 will be made in accordance with Section 1717 hereof.
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Custody Account Transactions. Subject to the provisions Sections 7 and 8, Assets of Section 7, Securities any Customer in the a Custody Account will be transferred, exchanged or delivered by the Bank Barclays or its subcustodians Subcustodians only:
(a) upon sale of such Securities Assets for the Fund account of such Customer, which sale (i) shall, unless Instructions are received to the contrary, be made in accordance with the customary or established securities trading and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be processing practices and procedures in the amount confirmed by jurisdiction or market in which such sale is to take place, including, without limitation, delivery of a Security in connection with such sale to the buyer, the dealer or their agents against a receipt indicating, or the expectation of, future payment for such Security and (ii) shall be at prices set forth in Instructions from Authorized personsPersons;
(b) to a depository agent in connection with tender or other similar offers for Securities of such Customer;
(c) to the issuer of Securities or its agent, when such Securities are called, redeemed or retired, retired or otherwise become payable;
(c) ; provided that, in exchange for or upon conversion into other Securities along any such case, the cash or other Securities and cash pursuant consideration is to any plan be delivered to Barclays or merger, consolidation, reorganization, recapitalization or readjustmentits Subcustodian;
(d) upon conversion to the issuer of Securities, or its agent, for transfer into the name of any nominee of Barclays or any of its Subcustodians; or for exchange for a different number of bonds, certificates or other evidences of securities representing the same aggregate face amount or number of shares or units; provided that, in any such case, the new Securities pursuant are to their terms into other Securitiesbe delivered to Barclays or its Subcustodian;
(e) upon exercise for exchange or conversion pursuant to any plan of subscriptionmerger, purchase consolidation, recapitalization, reorganization or other similar rights represented by readjustment of Securities or pursuant to provisions for conversion of such Securities, or pursuant to any deposit agreement; provided that in any such case, the new Securities or cash, if any, are to be delivered to Barclays or its Subcustodians;
(f) for in the purpose case of exchanging warrants, rights or similar securities, the surrender thereof in connection with exercise of such warrants, rights of similar securities, or the surrender of interim receipts or temporary Securities for definitive Securities, provided that, in any such case, the new Securities and cash, if any, are to be delivered to Barclays or its Subcustodian;
(g) for the purpose any other proper corporate purposes of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;such Customer; and
(h) for the purpose of redeeming in kind shares of the Fund against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(i) for other proper trust purposes of the Fund;
(j) upon the termination of this Custody Agreement as hereinafter set forth. ; All transfers, exchanges or deliveries of Securities Assets in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (g) of this Section 6 will be made, except as provided in Section 87 hereof, only upon receipt by the Bank Barclays of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery 7 5 to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted all other information required by subsection (h) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
(i) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust purpose, and naming the person or person to whom delivery of such Securities shall be madeBarclays. Any transfer or delivery pursuant to subsection (jh) of this Section 6 will be made in accordance with Section 1716 hereof.
Appears in 1 contract
Samples: Global Custody Agreement (Pacific Innovations Trust)
Custody Account Transactions. Subject to the provisions of Section 7, Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians sub-custodians only:
(a) upon sale of such Securities for the particular investment portfolio of the Fund involved and receipt by the Bank or its subcustodian only sub-custodian of payment thereforthereof, each such payment to be in the amount confirmed by Instructions from Authorized personsPersons;
(b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in kind shares of the capital stock of the particular investment portfolio of the Fund involved against delivery to the Bank or its subcustodian sub-custodian of such shares to be so redeemed;
(ih) for other proper trust corporate purposes of the Fund;particular investment portfolio of the Fund involved; or
(ji) upon the termination of this Custody Agreement as hereinafter set forthsetforth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares held by the Bank or its subcustodian sub-custodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsection (ih) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board Trustees of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (ji) of this Section 6 will be made in accordance with Section 1717 hereof.
Appears in 1 contract
Samples: Sub Custodian Agreement (Haven Capital Management Trust)
Custody Account Transactions. Subject to the provisions of Section 7, ---------------------------- Securities in the a Custody Account will be transferred, exchanged or delivered by the Bank or its subcustodians only:
(a) upon sale of such Securities for the particular Portfolio of the Fund involved and receipt by the Bank or its subcustodian only of payment therefor, each such payment to be in the amount confirmed by Instructions from Authorized persons;
Persons; (b) when such Securities are called, redeemed or retired, or otherwise become payable;
(c) in exchange for or upon conversion into other Securities along alone or other Securities and cash pursuant to any plan or of merger, consolidation, reorganization, recapitalization or readjustment;
(d) upon conversion of such Securities pursuant to their terms into other Securities;
(e) upon exercise of subscription, purchase or other similar rights represented by such Securities;
(f) for the purpose of exchanging interim receipts or temporary Securities for definitive Securities;
(g) for the purpose of delivery either to United Missouri Bank of Kansas City, National Association, or to Investors Fiduciary Trust Company, as Custodian for the Fund;
(h) for the purpose of redeeming in in-kind shares of the capital stock of the particular Portfolio of the Fund involved against delivery to the Bank or its subcustodian of such shares to be so redeemed;
(h) in connection with any borrowings by the particular Portfolio requiring a pledge of Securities, but only against receipt of amounts borrowed;
(i) for other proper trust purposes in connection with any loans, but only against receipt of adequate collateral as specified in Instructions which shall reflect any restrictions applicable to the Fund;
(j) for delivery in accordance with the provisions of any agreement among the Fund, the Bank and a broker-dealer registered under the Securities Exchange Act of 1934 (the "Exchange Act") and a member of the National Association of Securities Dealers, Inc. relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange, or of any similar organizations, regarding escrow or other arrangements in connection with transactions by the particular Portfolio;
(k) for release of Securities to designated brokers under covered call options, provided, however, that such Securities shall be released only upon payment to the Bank of monies for the premium due and a receipt for the Securities which are to be held in escrow. Upon exercise of the option, or at expiration, the Bank will receive the Securities previously deposited from brokers. The Bank will act strictly in accordance with Instructions in the delivery of Securities to be held in escrow and will have no responsibility or liability for any such Securities which are not returned promptly when due other than to make proper request for such return.
(l) for other proper corporate purposes of the particular Portfolio of the Fund involved; or
(m) upon the termination of this Custody Agreement as hereinafter set forth. All transfers, exchanges or deliveries of Securities in the a Custody Account for a purpose permitted by either subsection (a), (b), (c), (d), (e), (f) or (gf) of this Section 6 will be made, except as provided in Section 88 hereof, only upon receipt by the Bank of Instructions from Authorized Persons which shall specify the purpose of the transfer, exchange or delivery to be made and the applicable subsection of this Section 6. In the case of any transfer or delivery to be made for the purpose permitted by subsection (hg) of this Section 6, the Bank must first receive Instructions from Authorized Persons specifying the shares Securities held by the Bank or its subcustodian to be so transferred or delivered and naming the person or persons to whom transfers or delivery of such shares Securities shall be made. In the case of any transfer, exchange or delivery to be made for the purpose permitted by subsection
subsections (ih) or (l) of this Section 6, the Bank must first receive a certified copy of a resolution of the Board of Trustees of the Fund adequately describing such transfer, exchange or delivery, declaring such purpose to be a proper trust corporate purpose, and naming the person or person persons to whom delivery of such Securities shall be made. Any transfer or delivery pursuant to subsection (jm) of this Section 6 will be made in accordance with Section 1717 hereof.
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