Custody of Account Assets. The assets in the Account will be held for Client by the custodian named on Schedule A (the "Custodian"). Manager will not have custody of any Account assets. Client will pay all fees of the Custodian. Client will authorize the Custodian to follow Manager's instructions to make and accept payments for, and to deliver or to receive, securities, cash or other investments purchased, sold, redeemed, exchanged, pledged or loaned for the Account. Client also will instruct the Custodian to send Client and Manager monthly statements showing the assets in and all transactions for the Account during the month, including any payments of Manager's fees. Client will provide Manager with a copy of its agreement with the Custodian, and will give Manager reasonable advance notice of any change of Custodian.
Custody of Account Assets. Adviser will not take custody or control of Account assets at any time or under any circumstances and will have no authority to take or have possession of any assets in the Account. Client assets are held by each investment company’s transfer agent, and the investment companies’ assets are held by its custodial bank.
Custody of Account Assets. Subject to Sections 4 and 5(a), we authorize you, in your discretion:
(a) to hold cash and hold any issue of securities in the Account with securities of the same issue of your other clients, and deposit Account Assets (whether in “book entry” or physical form) with any domestic or non-US bank, broker or dealer, or securities depository, as your sub-custodian, in nominee name or otherwise;
(b) with respect to trades reported on the Account's behalf through Depository Trust Company (“DTC”), to accept instructions from DTC (whether in a DTC report or otherwise) as though they were given by us; and
(c) in those cases in which securities that have been purchased at varying prices are being sold or transferred, to use the “specific identification method” for allocating tax lots to a particular sale or transfer of securities for U.S. federal income tax purposes, unless we specifically request you to use another method of tax lot selection on or before the settlement date relating to that sale or transfer. This delegation of authority includes, without limitation, the discretion to select tax lots using a lot selection method other than “FIFO” (first-in, first-out).
Custody of Account Assets. Adviser requires that the assets to be managed under this Agreement be maintained at Xxxxxxx Xxxxxx (“the Custodian”). In no case will the Adviser have physical custody or possession of Account assets. Adviser may be deemed to have custody to the extent described in Adviser’s disclosure brochure (Form ADV Part 2A). Client will instruct Custodian to provide Adviser with such periodic Account reports as Adviser may reasonably request from time to time. Adviser shall provide to the Client periodic account performance and fee notices in connection with the Account. Client will receive normal and customary custodial account statements, which Client should read carefully to verify accuracy of transactions and any fees debited from Client’s account.
Custody of Account Assets. Subject to our right to give instructions with respect to the Account as described in Section 3 of this Custody Agreement (the “Agreement”), we authorize you, in your discretion:
(a) to hold cash and hold any issue of securities in the Account with securities of the same issue of your other clients, and deposit Account Assets (whether in “book entry” or physical form) with any domestic or non-US bank, broker or dealer, or securities depository, as your sub-custodian, in nominee name or otherwise;
(b) with respect to trades reported on the Account's behalf through Depository Trust Company (“DTC”), to accept instructions from DTC (whether in a DTC report or otherwise) as though they were given by us or our Investment Manager, as defined in Section 3;
(c) to execute any documentation as the Account's agent and attorney-in-fact, in furtherance of the rights and obligations set forth in this Agreement, as you may deem necessary, including but not limited to signing the Account's or our name, as the case may be, (1) on any securities registered in the Account's or our name, respectively, in order to sell them or enable them to be deposited as authorized above, (2) on any documents necessary to establish your security interest under Section 7, and (3) on all necessary certificates of ownership or other instruments required by an issuer, depository or governmental authority under applicable law or regulation, and authorize your sub-custodians to do likewise; and
(d) in those cases in which securities that have been purchased at varying prices are being sold or transferred, to use the “specific identification method” for allocating tax lots to a particular sale or transfer of securities for U.S. federal income tax purposes, unless we specifically request you to use another method of tax lot selection on or before the settlement date relating to that sale or transfer. This delegation of authority includes, without limitation, the discretion to select tax lots using a lot selection method other than “FIFO” (first-in, first-out).
(e) to provide all necessary and applicable information to any “Investment Manager,” as defined in Section 3 of this Agreement, with respect to us, the Account and the Account Assets, in paper and/or electronic form, including to make such information and materials available on your World Wide Web site, XXXXXXXXXXXXXXXXXXXX.XXX, (the “Site”) to the Investment Manager, upon the Investment Manager agreeing to your Online Access Agreement or suc...
Custody of Account Assets. The assets, documents of title or certificates evidencing title to Client’s assets, and all cash in the Account will be vested in or deposited with the Custodian or its nominees or otherwise as the Custodian will direct. Manager will not have custody of any Account assets, documents of title or certificates evidencing title to Client’s assets, or cash in the Account. Client will pay all fees of the Custodian. Client will authorise the Custodian to follow Manager's instructions to make and accept payments for, and to deliver or to receive, securities, cash or other investments purchased, sold, redeemed, exchanged, pledged or loaned for the Account. Client also will instruct the Custodian to send Client and Manager and/or provide online access to monthly statements showing the assets in and all transactions for the Account during the month. Client shall copy to Manager instructions given to the custodian named on Schedule A. II (the “Custodian”) in relation to the Account. Client will provide Manager with a copy of its agreement with the Custodian, and will give Manager reasonable advance notice of any change of Custodian.
Custody of Account Assets. The assets to be managed under this Agreement and any Unmanaged Assets will be held by: Custodian Bank: Capital City Bank 0000 XX Xxxxxx Xxxxxxxxx Xxxxxx, Xxxxxx 00000 Contact: Xxxx Xxxxxxxxxx Phone #: (000) 000-0000 Email: xxxx.xxxxxxxxxx@capcitybank.corn Custodian Account Name: Custodian Account #: US Alliance Corporation C889000
Custody of Account Assets a. The assets in the Account shall be held by a custodian selected by Xxxxx, whether in Barbados or abroad, as the custodian of the Account (the “Custodian”). The Custodian may also be an affiliate of Cidel, including Cidel Bank and Trust Inc. The Custodian has the sole discretion to appoint other regulated financial institutions to act as a sub- custodian.
b. The Client acknowledges and accepts that Cidel will operate the Account on behalf of the Client in the manner described herein by giving instructions directly to the Custodian. The Client further agrees not to withdraw any part of the Account without notice to Cidel or in a manner that would prevent proper settlement of outstanding commitments. Cidel shall direct the Custodian to withhold taxes properly chargeable against the Account under the laws of Barbados or any other country having jurisdiction.
c. The Custodian will hold the assets in the name of the Client. The Custodian may also hold the assets with a sub- custodian in an omnibus structure in trust for the Client. The Client authorizes Cidel to transfer the assets of the Account between custodians at Cidel’s sole discretion, provided no charges or costs are payable by the Client in connection with such transfers. In the event that Cidel transfers assets in the Account to a different Custodian, it will provide the Client with prior written notice of no less than 30 (thirty) days.
d. The Client expressly understands and agrees the Custodian, may, in its sole discretion, hold cash balances held in the Client’s Account or deposit such cash with a custodian, a bank, or other deposit taking institution.
e. The Custodian may pay interest on cash balances, and charge spreads for foreign exchange transactions associated with investment activities, at rates the Custodian determines from time to time according to its usual business practices. The Client expressly understands and agrees that the Custodian will earn profits on those cash balances and will not be accountable to the Client for such profits.
f. The Custodian shall be entitled to adjust interest credits, exchange rates, and commissions, effective immediately, to the prevailing conditions, and at any time to terminate business relationships. The Custodian shall be entitled at any time to set-off against each other the balances of all Accounts of the Client (irrespective of the currency of each Account), or to enforce the same individually.
Custody of Account Assets. Manager will not have custody of any Account assets. The assets in the Account will be held for Client by the custodian named on Schedule A (the “Custodian”). Client will pay all fees of the Custodian. Client represents that it shall not enter into a Custodian agreement that gives Manager custody over Client's Account assets without Manager's knowledge and to the extent any such agreement is in place, Client shall amend such agreement to ensure that Manager cannot take custody of Client Account assets. Client and Manager confirm, and Client will notify Custodian that:
1) Manager's authority regarding instructing Custodian shall be limited to trading and settlement of securities on a delivery vs payment basis;
2) Custodian is authorized to follow Manager's instructions to make and accept payments for, and to deliver or to receive, securities, cash or other investments purchased, sold, redeemed, exchanged, pledged or loaned for the Account;
3) Manager shall have no broad authority to withdraw Client's Account assets;
4) Any fee deductions shall occur only when specified in writing by Client; and
5) Custodian shall send Client and Manager monthly statements showing the assets in and all transactions for the Account during the month, including any payments of Manager's fees. Client will give Manager reasonable advance notice of any change of Custodian.
Custody of Account Assets. The Client Assets to be managed under this Sub-Advisory Agreement will be held in a custody account established by Advisor with the custodian named below.
