DELIVERY PRIOR TO FINAL PAYMENT. When instructed by the Trust to deliver securities of a Portfolio against payment, Custodian shall be entitled, but only if in accordance with generally accepted market practice, to deliver such securities prior to actual receipt of final payment therefor and, exclusively in the case of securities in physical form, prior to receipt of payment therefor. In any such case, such Portfolio shall bear the risk that final payment for such securities may not be made or that such securities may be returned or otherwise held or disposed of by or through the person to whom they were delivered, and Custodian shall have no liability for any of the foregoing.
Appears in 15 contracts
Samples: Custody Agreement (Aip Alternative Strategies Funds), Custody Agreement (Barr Rosenberg Series Trust), Custody Agreement (Barr Rosenberg Series Trust)
DELIVERY PRIOR TO FINAL PAYMENT. When instructed by the Trust Company to deliver securities of a Portfolio against payment, Custodian shall be entitled, but only if in accordance with generally accepted market practice, to deliver such securities prior to actual receipt of final payment therefor and, exclusively in the case of securities in physical form, prior to receipt of payment therefor. In any such case, such Portfolio shall bear the risk that final payment for such securities may not be made or that such securities may be returned or otherwise held or disposed of by or through the person to whom they were delivered, and Custodian shall have no liability for any of the foregoing.
Appears in 4 contracts
Samples: Custody Agreement (Needham Funds Inc), Custody Agreement (Lipper Funds Inc), Custody Agreement (RBB Fund Inc)
DELIVERY PRIOR TO FINAL PAYMENT. When instructed by the Trust to deliver securities of a the Portfolio against payment, Custodian shall be entitled, but only if in accordance with generally accepted market practice, to deliver such securities prior to actual receipt of final payment therefor and, exclusively in the case of securities in physical form, prior to receipt of payment therefor. In any such case, such the Portfolio shall bear the risk that final payment for such securities may not be made or that such securities may be returned or otherwise held or disposed of by or through the person to whom they were delivered, and Custodian shall have no liability for any of the foregoing.
Appears in 3 contracts
Samples: Custody Agreement (Coventry Group), Custody Agreement (JPMorgan Trust I), Custody Agreement (JPMorgan Trust I)
DELIVERY PRIOR TO FINAL PAYMENT. When instructed by the Trust Fund to deliver securities of a Portfolio the Fund against payment, subject to Section 7.1 below, Custodian shall be entitled, but only if in accordance with generally accepted market practice, to deliver such securities prior to actual receipt of final payment therefor and, exclusively in the case of securities in physical form, prior to receipt of payment therefor. In any such case, such Portfolio the Fund shall bear the risk that final payment for such securities may not be made or that such securities may be returned or otherwise held or disposed of by or through the person to whom they were delivered, and Custodian shall have no liability for any of the foregoing.
Appears in 3 contracts
Samples: Custody Agreement (Endowment TEI Fund, L.P.), Custody Agreement (Endowment Registered Fund L P), Custody Agreement (Endowment Registered Fund L P)
DELIVERY PRIOR TO FINAL PAYMENT. When instructed by the Trust Fund to deliver securities of a Portfolio against payment, Custodian shall be entitled, but only if in accordance with generally accepted market practice, to deliver such securities prior to actual receipt of final payment therefor and, exclusively in the case of securities in physical form, prior to receipt of payment therefor. In any such case, such Portfolio the Fund shall bear the risk that final payment for such securities may not be made or that such securities may be returned or otherwise held or disposed of by or through the person to whom they were delivered, and Custodian shall have no liability for any of the foregoing.
Appears in 1 contract
Samples: Custody Agreement (Managed Income Securities Plus Fund Inc)
DELIVERY PRIOR TO FINAL PAYMENT. When instructed by the Trust to ------------------------------- deliver securities of a Portfolio against payment, Custodian shall be entitled, but only if in accordance with generally accepted market practice, to deliver such securities prior to actual receipt of final payment therefor and, exclusively in the case of securities in physical form, prior to receipt of payment therefor. In any such case, such Portfolio shall bear the risk that final payment for such securities may not be made or that such securities may be returned or otherwise held or disposed of by or through the person to whom they were delivered, and Custodian shall have no liability for any of the foregoing.
Appears in 1 contract
