Customer is Liable to Bank Even if it is Acting for Another Person. If Customer is acting as an agent for a disclosed or undisclosed principal in respect of any transaction, cash, or Financial Asset, Bank nevertheless shall treat Customer as its principal for all purposes under this Agreement. In this regard, Customer shall be liable to Bank as a principal in respect of any transactions relating to the Account. The foregoing shall not affect any rights Bank might have against Customer's principal.
Appears in 57 contracts
Samples: Global Custody Agreement (Vanguard Specialized Funds), Global Custody Agreement (Vanguard Fixed Income Securities Funds), Global Custody Agreement (Vanguard Valley Forge Funds)
Customer is Liable to Bank Even if it is Acting for Another Person. If Customer is acting as an agent for a disclosed or undisclosed principal in respect of any transaction, cash, or Financial Asset, Bank nevertheless shall treat Customer as its principal for all purposes under this Agreement. In this regard, Customer shall be liable to Bank as a principal in respect of any transactions relating to the Account. The foregoing shall not affect any rights Bank might have against Customer's ’s principal.
Appears in 42 contracts
Samples: Global Custody Agreement (Vanguard Malvern Funds), Global Custody Agreement (Vanguard Chester Funds), Global Custody Agreement (Vanguard World Fund)
Customer is Liable to Bank Even if it is Acting for Another Person. If Customer is acting as an agent for a disclosed or undisclosed principal in respect of any transaction, cash, or Financial Asset, Bank nevertheless shall will treat Customer as its principal for all purposes under this Agreement. In this regard, Customer shall will be liable to Bank as a principal in respect of any transactions relating to the Account. The foregoing shall will not affect any rights Bank might have against Customer's ’s principal.
Appears in 32 contracts
Samples: Fund Accounting Agreement (Jp Morgan Fleming Mutual Fund Group Inc), Fund Accounting Agreement (Jp Morgan Mutual Fund Investment Trust), Fund Accounting Agreement (Undiscovered Managers Funds)
Customer is Liable to Bank Even if it is Acting for Another Person. If Customer is acting as an agent for a disclosed or undisclosed principal in respect of any transaction, cash, or Financial Asset, Bank nevertheless shall will treat Customer as its principal for all purposes under this Agreement. In this regard, Customer shall will be liable to Bank as a principal in respect of any transactions relating to the Account. The foregoing shall not affect any rights Bank might have against Customer's principal.
Appears in 6 contracts
Samples: Domestic Custody Agreement (Tiaa-Cref Life Separate Account Vli-1), Domestic Custody Agreement (Tiaa-Cref Life Separate Account Vli-1), Domestic Custody Agreement (Tiaa Cref Life Separate Account Va-1)
Customer is Liable to Bank Even if it is Acting for Another Person. If Customer is acting as an agent for a disclosed or undisclosed principal in respect of any transaction, cash, or Financial Asset, Bank nevertheless shall will treat Customer as its principal for all purposes under this Agreement. In this regard, Customer shall will be liable to Bank as a principal in respect of any transactions relating to the Account. The foregoing shall will not affect any rights Bank might have against Customer's principal.
Appears in 3 contracts
Samples: Fund Accounting Agreement (JPMorgan Trust III), Domestic Custody Agreement (Ziegler Exchange Traded Trust), Domestic Custody Agreement (Ambassador Funds /)
Customer is Liable to Bank Even if it is Acting for Another Person. If Customer is acting as an agent for a disclosed or undisclosed principal in respect of any transaction, cash, or Financial Asset, Bank nevertheless shall treat will exercise reasonable care in treating Customer as its principal for all purposes under this Agreement. In this regard, Customer shall will be liable to Bank as a principal in respect of any transactions relating to the Account, in the absence of negligence or willful misconduct by Bank, its employees or agents. The foregoing shall will not affect any rights Bank might have against Customer's ’s principal.
Appears in 2 contracts
Samples: Global Custody Agreement (Goldman Sachs Variable Insurance Trust), Global Custody Agreement (Goldman Sachs Trust)
Customer is Liable to Bank Even if it is Acting for Another Person. If Customer is acting as an agent for a disclosed or undisclosed principal in respect of any transaction, cash, or Financial Asset, Bank nevertheless shall will treat Customer as its principal for all purposes under this Agreement. In this regard, Customer shall will be liable to Bank as a principal in respect of any transactions relating to the Account. The foregoing shall will not affect any rights Bank might have against Customer's ’s principal.. EXECUTION
Appears in 1 contract
Samples: Market Depository Instruments (J.P. Morgan Exchange-Traded Fund Trust)
