Common use of Delivery of Property Clause in Contracts

Delivery of Property. So long as the Custodian has met its standard of care as specified in Section 14.1 of this Agreement, the Custodian shall not be responsible for any securities or other assets of a Portfolio which are not received by the Custodian or which are delivered out in accordance with Proper Instructions. The Custodian shall not be responsible for the title, validity or genuineness of any securities or other assets or evidence of title thereto received by it or delivered by it pursuant to this Agreement.

Appears in 2 contracts

Samples: Master Custodian Agreement (Franklin Templeton ETF Trust), Master Custodian Agreement (Franklin Templeton ETF Trust)

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Delivery of Property. So long as the Custodian has met its standard of care as specified in Section 14.1 of this Agreement, the The Custodian shall not be responsible for any securities or other assets of a Portfolio which are not received by the Custodian or which are delivered out in accordance with Proper Instructions. The So long as and to the extent that it is acting in the exercise of reasonable care, the Custodian shall not be responsible for the title, validity or genuineness of any securities or other assets or evidence of title thereto received by it or delivered by it pursuant to this Agreement.

Appears in 1 contract

Samples: Master Custodian Agreement (Forum Funds)

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Delivery of Property. So long as the Custodian has met its standard of care as specified in Section 14.1 of this Agreement, the Custodian shall not be responsible for any securities or other assets of a Portfolio Company which are not received by the Custodian or which are delivered out in accordance with Proper Instructions. The Custodian shall not be responsible for the title, validity or genuineness of any securities or other assets or evidence of title thereto received by it or delivered by it pursuant to this Agreement.

Appears in 1 contract

Samples: Master Custodian Agreement (Franklin Templeton ETF Trust)

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