Custody Authority Sample Clauses

Custody Authority. 1. I confirm that I have accessed the Custody Agreement via the website /xxx.xx/xxxxxxxxxx-xxxxxxx or have requested and been provided with a copy of it and have read and understood the terms and confirms its acceptance to the terms of the Custody Agreement, and consent to MMC entering into the Custody Agreement with the Custodian, on my behalf, acting as my agent. 2. I hereby request and authorise MMC to arrange for the registration of my holdings of shares forming my portfolio in the name of the Custodian, but it will be held on trust by the Custodian and the Investor will remain beneficial owner of the investments. I acknowledge that holdings of shares comprising investments of the EIS Funds will be registered, collectively, in the name of the Custodian and that the shares forming my portfolio may not be identifiable by separate certificates or other physical documents of title. 3. I require the Custodian to accept instructions from MMC, in relation to the holding or disposal of the shares in my portfolio, or the exercise of rights attaching to them. I agree not to give instructions to the Custodian regarding my portfolio direct, nor to deal in the shares in my portfolio. 4. I agree that for your audit purposes it may be necessary from time to time for the Custodian to forward to me, for agreement and return, statements of securities held by you at the time. 5. I request that the Custodian will hold my stocks and shares in accordance with the requirements of the FCA Handbook. 6. I agree that tax may be deducted from payments due to me if it is due to be deducted under any applicable law or practice. 7. I acknowledge that from time to time the Custodian or the Fund Manager will receive notice of extraordinary general meetings, voting rights, details of rights issues, subscriptions, conversions, takeovers, open offers and other offers and other matters relating the shares in my portfolio and agree that the Fund Manager shall act as it sees fit on my behalf in respect of such matters. I acknowledge that the Fund Manager or the Custodian will also collect any dividends and other entitlements arising on my shares which will be remitted to me. 8. I acknowledge that the shares in my portfolio may be registered with those of other clients of MMC, in the name of the Custodian. This means that my individual entitlements may not be identifiable by separate certificates, other physical documents of title or equivalent electronic records, and, in the event of an irr...
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Related to Custody Authority

  • Necessary Authority The Scheduling Coordinator represents and warrants that all of the entities which it identifies on Schedule 1 as Scheduling Coordinator Metered Entities that it represents have granted it all necessary authority to enable it to carry out its obligations under this Agreement and the CAISO Tariff, and, subject to the execution and delivery by the CAISO, this Agreement will be enforceable against the Scheduling Coordinator in accordance with its terms.

  • Company Authority The Company has all requisite corporate power and authority to enter into and perform this Agreement and to consummate the transactions contemplated herein.

  • Statutory Authority Connecticut General Statute §§ 10a-104, 10a-108, 4a-52a, and 10a-151b provide the University with authority to enter into contracts in the pursuit of its mission.

  • Discretionary Authority BROKERAGE - ING-IM shall have full and complete discretion to establish brokerage accounts in the name of the Client and execute transactions in securities markets in the name of the Client, pursuant to proper authorization from the Client, through one or more securities broker/dealer firms as ING-IM may select, including those which from time to time may furnish to ING-IM statistical and investment research information and other services. The Client accepts the Statement of Policy on Brokerage Practices which is attached to this Agreement as EXHIBIT "B" and incorporated herein by reference. This policy may be modified by ING-IM in consultation with the Client.

  • Regulatory Authority If any regulatory authority having jurisdiction (or any successor boards or agencies), a court of competent jurisdiction or other Governmental Authority with the appropriate jurisdiction (collectively, the ''Regulatory Body'') issues a rule, regulation, law or order that has the effect of cancelling, changing or superseding any term or provision of this Agreement (the ''Regulatory Requirement''), then this Agreement will be deemed modified to the extent necessary to comply with the Regulatory Requirement. Notwithstanding the foregoing, if a Regulatory Body materially modifies the terms and conditions of this Agreement and such modification(s) materially affect the benefits flowing to one or both of the Parties, as determined by either of the Parties within twenty (20) business days of the receipt of the Agreement as materially modified, the Parties agree to attempt in good faith to negotiate an amendment or amendments to this Agreement or take other appropriate action(s) so as to put each Party in effectively the same position in which the Parties would have been had such modification not been made. In the event that, within sixty (60) days or some other time period mutually agreed upon by the Parties after such modification has been made, the Parties are unable to reach agreement as to what, if any, amendments are necessary and fail to take other appropriate action to put each Party in effectively the same position in which the Parties would have been had such modification not been made, then either Party shall have the right to unilaterally terminate this Agreement forthwith.

  • Proper Authority Each Party represents and warrants that the person executing this Grant Agreement on its behalf has full power and authority to enter into this Grant Agreement.

  • Attorney Authorization Class Counsel and Defense Counsel separately warrant and represent that they are authorized by Plaintiff and Defendant, respectively, to take all appropriate action required or permitted to be taken by such Parties pursuant to this Agreement to effectuate its terms, and to execute any other documents reasonably required to effectuate the terms of this Agreement including any amendments to this Agreement.

  • COMPETENT SUPERVISORY AUTHORITY Identify the competent supervisory authority/ies in accordance with Clause 13

  • SIGNATORY AUTHORITY The signatories to this Agreement covenant and warrant that they have authority to execute this Agreement. By signing below, the undersigned agrees to the above terms and conditions.

  • Necessary Authorizations Each Borrower Party and each Subsidiary of a Borrower Party has obtained all Necessary Authorizations, and all such Necessary Authorizations are in full force and effect except, other than with respect to the transactions contemplated by the Loan Documents, where failure to obtain such Necessary Authorizations, or the failure of such Necessary Authorizations to be in full force and effect, could not reasonably be expected to have a Materially Adverse Effect. None of such Necessary Authorizations is the subject of any pending or, to the best of each Borrower Party’s knowledge, threatened attack or revocation, by the grantor of the Necessary Authorization except, other than with respect to the transactions contemplated by the Loan Documents, where the revocation by the grantor of such Necessary Authorizations could not reasonably be expected to have a Materially Adverse Effect.

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