Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities owned by a Fund in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions: (a) the Custodian may hold Domestic Securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another Securities System provided that such securities are held in an account of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; (b) the records of the Custodian with respect to Domestic Securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities belonging to the Fund; (c) the Custodian shall pay for Domestic Securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities sold for the account of the Fund upon (A) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities for the account of the Fund shall be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the transfer to or from the account of the Fund in the form of a written advice or notice; and (d) upon request, the Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.
Appears in 30 contracts
Samples: Master Custody Agreement (Franklin ETF Trust), Custody Agreement (Adjustable Rate Securities Portfolios), Custody Agreement (Franklin Templeton Limited Duration Income Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities securities owned by a the Fund in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission SEC rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account of the Custodian in the a Securities System ("Securities System Account") Account which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund;
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 18 contracts
Samples: Custodian Contract (Blackrock Virginia Municipal Bond Trust), Custodian Contract (Blackrock Maryland Municipal Bond Trust), Custodian Contract (Blackrock New York Municipal 2018 Term Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 11 contracts
Samples: Custodian Contract (Babson David L Growth Fund Inc), Custodian Contract (Aberdeen Asia Pacific Income Fund Inc), Custodian Contract (Lincoln National Aggressive Growth Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (iii.) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 8 contracts
Samples: Custodian Contract (Prudential High Yield Total Return Fund Inc), Custodian Contract (Prudential Small Co Value Fund Inc), Custodian Contract (Prudential High Yield Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 12 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 6 contracts
Samples: Custodian Contract (China Fund Inc), Custodian Agreement (Global Utility Fund Inc), Custodian Contract (Emerging Germany Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 6 contracts
Samples: Custodian Contract (Blackrock Government Income Trust), Custodian Contract (Prudential California Municipal Fund), Custodian Contract (Prudential Multi Sector Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities owned by a Fund the Trust in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a) the Custodian may hold Domestic Securities of the Fund Trust in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another Securities System provided that such securities are held in an account of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b) the records of the Custodian with respect to Domestic Securities of the Fund Trust which are maintained in a Securities System shall identify by book-entry those Domestic Securities belonging to the FundTrust;
(c) the Custodian shall pay for Domestic Securities purchased for the account of the Fund Trust upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the FundTrust. The Custodian shall transfer Domestic Securities sold for the account of the Fund Trust upon (A) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the FundTrust. Copies of all advices from the Securities System of transfers of Domestic Securities for the account of the Fund Trust shall be maintained for the Fund Trust by the Custodian and be provided to the Fund Trust at its request. Upon request, the Custodian shall furnish the Fund Trust confirmation of the each transfer to or from the account of the Fund Trust in the form of a written advice or notice; and
(d) upon request, the Custodian shall provide the Fund Trust with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.
Appears in 3 contracts
Samples: Custody Agreement (Franklin Templeton Global Trust), Custody Agreement (Money Market Portfolios), Custody Agreement (Franklin International Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 3 contracts
Samples: Custodian Contract (Prudential Tax Managed Equity Fund), Custodian Contract (Prudential Moneymart Assets Inc), Custodian Contract (Prudential 20/20 Fund)
Deposit of Securities in Securities Systems. The Custodian may ------------------------------------------- deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (iii.) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 3 contracts
Samples: Custodian Contract (Prudential National Municipals Fund Inc), Custodian Contract (Prudential Distressed Securities Fund Inc), Custodian Contract (Prudential Distressed Securities Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if If any, and subject to the following provisions:
(a) the Custodian may hold Domestic Securities domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held in an account of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b) the records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c) the Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (iIi) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (A) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; and
(d) upon request, the Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.
Appears in 2 contracts
Samples: Custodian Agreement (Franklin Tax Advantaged International Bond Fund), Custodian Agreement (Franklin Tax Advantaged High Yield Securities Fund)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities owned by a the Fund in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a) the Custodian may hold Domestic Securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another Securities System provided that such securities are held in an account of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b) the records of the Custodian with respect to Domestic Securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities belonging to the Fund;
(c) the Custodian shall pay for Domestic Securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities sold for the account of the Fund upon (A) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities for the account of the Fund shall be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; and
(d) upon request, the Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.
Appears in 2 contracts
Samples: Custody Agreement (Franklin Balance Sheet Investment Fund), Custody Agreement (Franklin Templeton Money Fund Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii.) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities for the account of the Fund shall be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the transfer to or from the account of the Fund in the form of a written advice or notice; andtransferred
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the
Appears in 2 contracts
Samples: Custodian Contract (Target Funds), Custodian Contract (Target Funds)
Deposit of Securities in Securities Systems. The Custodian may deposit ------------------------------------------- and/or maintain Domestic Securities securities owned by a the Fund in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission SEC rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account of the Custodian in the a Securities System ("Securities System Account") Account which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities securities of the Fund which are maintained in a Securities System shall identify by book-book- entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund;
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 2 contracts
Samples: Custodian Contract (Blackrock Pennsylvania Strategic Municipal Trust), Custodian Contract (Blackrock Strategic Municipal Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-book- entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii.) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 2 contracts
Samples: Credit Agreement (Nicholas Applegate Fund Inc), Custodian Contract (Prudential Core Investment Fund)
Deposit of Securities in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (iii.) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 2 contracts
Samples: Custodian Contract (Prudential Structured Maturity Fund Inc), Custodian Contract (Prudential Structured Maturity Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities owned by a Fund in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a) the Custodian may hold Domestic Securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another Securities System provided that such securities are held in an account of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b) the records of the Custodian with respect to Domestic Securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities belonging to the Fund;
(c) the Custodian shall pay for Domestic Securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and an (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities sold for the account of the Fund upon (A) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities for the account of the Fund shall be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the transfer to or from the account of the Fund in the form of a written advice or notice; and
(d) upon request, the Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.
Appears in 2 contracts
Samples: Custody Agreement (Franklin Templeton International Trust), Custody Agreement (Franklin Templeton International Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities securities owned by a Fund Portfolio in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep securities of the Fund Portfolio in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities securities of the Fund Portfolio which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the FundPortfolio;
(c3) the The Custodian shall pay for Domestic Securities securities purchased for the account of the Fund Portfolio upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the FundPortfolio. The Custodian shall transfer Domestic Securities securities sold for the account of the Fund Portfolio upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the FundPortfolio. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund Portfolio shall identify the Portfolio, be maintained for the Fund Portfolio by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of the each transfer to or from the account of the Fund Portfolio in the form of a written advice or notice; andnotice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Portfolio.
(d4) upon request, the The Custodian shall provide the Fund for the Portfolio with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received from the Fund on behalf of the Portfolio the initial or annual certificate, as the case may be, required by Article 9 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Oppenheimer Quest for Value Funds)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as “Securities System” in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account (“Account”) of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day’s transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's ’s accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Aberdeen Australia Equity Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities owned by a the Fund in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a) the Custodian may hold Domestic Securities of the Fund in the Depository Trust Company or the Federal Reserve's book book-entry system or, upon receipt of Proper Instructions, in another Securities System provided that such securities are held in an account of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b) the records of the Custodian with respect to Domestic Securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities belonging to the Fund;
(c) the Custodian shall pay for Domestic Securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities sold for the account of the Fund upon (A) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities for the account of the Fund shall be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; and
(d) upon request, the Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that that-payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the the.. Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the transfer to or from the account of the Fund in the form of a written advice or notice; and
(d) upon request, the Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.its
Appears in 1 contract
Samples: Custodian Contract (Alliance Growth & Income Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such lose or damage.
Appears in 1 contract
Samples: Custodian Contract (State Street Research Income Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U. S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, fiduciary custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices advises from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the transfer to or from the account of the Fund in the form of a written advice or notice; and
(d) upon request, the Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.Fund
Appears in 1 contract
Samples: Custodian Contract (American Aadvantage Mileage Funds)
Deposit of Securities in Securities Systems. The Custodian may ------------------------------------------- deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii.) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon upon
(i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Fiduciary Management Associates)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book~entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 15 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole or any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Exchange Act, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, fiduciary custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Global Government Plus Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. 14 Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for of the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees of from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such 16 loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Msd&t Funds Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii.) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities, owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in accordance the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System", in accordance-with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund;
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 12 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon upon
(i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form form
of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Alliance Premier Growth Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices advice from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities
Appears in 1 contract
Samples: Custodian Contract (Alliance Utility Income Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any an assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by the Fund tn a Fund clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in a the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund;
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Prudential Global Limited Maturity Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may ------------------------------------------- deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Prudential Global Genesis Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisionsprovision a:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such lose or damage. .
Appears in 1 contract
Samples: Custodian Contract (State Street Research Money Market Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice sad shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions is the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in is the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 12 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Hyperion Total Return Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domes tic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund;
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 12 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subjugated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") securities system which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities system for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Hilliard Lyons Growth Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System; 5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof; 6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Invesco Global Health Sciences Fund)
Deposit of Securities in Securities Systems. The Custodian may deposit ------------------------------------------- and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as a "Securities System," in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custody Agreement (Northstar Advantage Strategic Income Fund)
Deposit of Securities in Securities Systems. The Custodian may say deposit and/or and/ or maintain Domestic Securities domestic securitiess owned by a the Fund in a clearing agency registered with the Securities System and Exchange commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if If any, and subject Subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another In a Securities System provided that such securities are held in represented In an account ("Account"') of the Custodian in the Securities System ("Securities System Account") which shall not include Include any assets of the Custodian other than assets held bald as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify shalll Identify by book-entry those Domestic Securities securities belonging to the Fundfund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Accountaccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for or the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian Custodion to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund land shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund fund confirmation of the transfer each transger to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities Securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding the Custodian shall be liable to the fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Merrill Lynch Growth Fund for Investment & Retirement)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that that- payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices advice from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such lose or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian CUSTODIAN may deposit and/or maintain Domestic Securities securities owned by a Fund 1ST ATLANTIC in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulationsSystem, if any, and subject to the following provisions:
(a) the Custodian CUSTODIAN may hold Domestic Securities keep securities of the Fund 1ST ATLANTIC in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian CUSTODIAN in the Securities System ("Securities System Account") which shall not include any assets of the Custodian CUSTODIAN other than assets held as a fiduciary, custodian or otherwise for customers;
(b) the The records of the Custodian CUSTODIAN with respect to Domestic Securities securities of the Fund which 1ST ATLANTIC that are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund1ST ATLANTIC;
(c) the Custodian CUSTODIAN shall pay for Domestic Securities securities purchased for the account of the Fund 1ST ATLANTIC upon (i) receipt of written or electronically accessible advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian CUSTODIAN to reflect such payment and transfer for the account of the Fund1ST ATLANTIC. The Custodian CUSTODIAN shall transfer Domestic Securities securities sold for the account of the Fund 1ST ATLANTIC upon (Ai) receipt of written or electronically accessible advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian CUSTODIAN to reflect such transfer and payment for the account of the Fund1ST ATLANTIC. Copies of all advices from the Securities System of transfers of Domestic Securities securities for the account of the Fund 1ST ATLANTIC shall identify 1ST ATLANTIC, be maintained for the Fund 1ST ATLANTIC by the Custodian CUSTODIAN and be provided to the Fund 1ST ATLANTIC at its request. Upon request, the Custodian CUSTODIAN shall furnish the Fund 1ST ATLANTIC confirmation of the each transfer to or from the account of the Fund 1ST ATLANTIC in the form of a written advice or notice; andnotice and shall furnish to 1ST ATLANTIC copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of 1ST ATLANTIC. CUSTODIAN shall also comply with all requirements of Rule 17f-4 under the 1940 Act;
(d) upon request, the Custodian CUSTODIAN shall provide the Fund 1ST ATLANTIC with any report obtained by the Custodian CUSTODIAN on the Securities System's accounting system, internal accounting control controls and procedures for safeguarding domestic securities deposited in the Securities System. CUSTODIAN shall send to 1ST ATLANTIC such reports automatically whenever there is a material change in any such systems;
e) Notwithstanding any other provision of this Agreement, CUSTODIAN shall be liable to 1ST ATLANTIC for any loss or damage resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of CUSTODIAN or any of its agents or of any of its or their employees or from failure of CUSTODIAN or any such agent to use reasonable efforts to enforce such rights as it may have against the Securities System or any guarantee or insurance fund; at the election of 1ST ATLANTIC, it shall be entitled to be subrogated to the rights of CUSTODIAN or any agent with respect to any claim against the Securities System or any other person or fund which CUSTODIAN or agent may have as a consequence of any such loss or damage if and to the extent that 1ST ATLANTIC has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (iii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (A( i) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund in the shall identity the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if to the extent that the Fund has not been whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Prudential Government Securities Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities owned by a Fund domestic securities of the Portfolio in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U. S. Department of Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund Portfolio in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund Portfolio which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the FundPortfolio;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund Portfolio upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the FundPortfolio. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund Portfolio upon (Ai) the simultaneous receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the FundPortfolio. Copies of all advices records from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund Portfolio shall be maintained for the Fund by the Custodian and be provided to the Fund Company at its request. Upon requestAs part of its regular reporting to the Company, the Custodian shall furnish to the Fund Company confirmation of the each transfer to or from the account of the Fund Portfolio in the form of a written advice or notice; and.
(d4) upon request, the The Custodian shall provide the Fund Company with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial certificate required by Article 14 hereof;
6) Anything to the contrary in this Agreement notwithstanding, the Custodian shall be liable to the Company for any loss or damage to the Portfolio resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Company, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custody Agreement (Fortis Worldwide Portfolios Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book- entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Oppenheimer Quest Global Value Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund;
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Agreement notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities sold for the account of the Fund upon (A) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities for the account of the Fund shall be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the transfer to or from the account of the Fund in the form of a written advice or notice; andSecurities
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate,
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may ------------------------------------------- deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund;
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Agreement notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Agreement (Prudentials Investment Plan Account)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities owned by a Fund the Trust in a Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a) the Custodian may hold Domestic Securities of the Fund Trust in the Depository Trust Company or the Federal Reserve's Reservels book entry system or, upon receipt of Proper Instructions, in another Securities System provided that such securities are held in an account of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b) the records of the Custodian with respect to Domestic Securities of the Fund Trust which are maintained in a Securities System shall identify by book-entry those Domestic Securities belonging to the FundTrust;
(c) the Custodian shall pay for Domestic Securities purchased for the account of the Fund Trust upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the FundTrust. The Custodian shall transfer Domestic Securities sold for the account of the Fund Trust upon (A) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (B) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the FundTrust. Copies of all advices from the Securities System of transfers of Domestic Securities for the account of the Fund Trust shall be maintained for the Fund Trust by the Custodian and be provided to the Fund Trust at its request. Upon request, the Custodian shall furnish the Fund Trust confirmation of the each transfer to or from the account of the Fund Trust in the form of a written advice or notice; and
(d) upon request, the Custodian shall provide the Fund Trust with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.
Appears in 1 contract
Samples: Custody Agreement (Franklin Principal Maturity Trust)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial certificate required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following followng provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund Funds shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.; 5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit ------------------------------------------- and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (iii.) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Prudential Natural Resources Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transactions sheets reflecting each day's transactions in the Securities System for the account of the Fund;
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 12 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (New America High Income Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a Fund the Trust in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Prudential Special Money Market Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) 14 18 receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System.the
Appears in 1 contract
Samples: Custodian Contract (Gabelli International Growth Fund Inc)
Deposit of Securities in Securities Systems. The Custodian may deposit and/or maintain Domestic Securities domestic securities owned by a the Fund in a clearing agency registered with the Securities System and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish promptly to the Fund copies of daily transaction sheets reflecting each day's transactions in the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in the Securities System;
(5) The Custodian shall have received the initial or annual certificate, as the case may be, required by Article 13 hereof;
(6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any loss or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Prudential Institutional Liquidity Portfolio Inc)
Deposit of Securities in Securities Systems. The Custodian may way deposit and/or maintain Domestic Securities domestic securities owned by the Fund In a Fund clearing agency registered with the Securities and Exchange Commission, under Section 17A of the Securities Exchange Act of 1934, which acts as securities depository, or in a the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein an "Securities System System" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:provision;
(a1) the The Custodian may hold Domestic Securities keep domestic securities of the Fund in the Depository Trust Company or the Federal Reserve's book entry system or, upon receipt of Proper Instructions, in another a Securities System provided that such securities are held represented in an account ("Account") of the Custodian in the Securities System ("Securities System Account") which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers;
(b2) the The records of the Custodian with respect to Domestic Securities domestic securities of the Fund which are maintained in a Securities System shall identify by book-entry those Domestic Securities securities belonging to the Fund;
(c3) the The Custodian shall pay for Domestic Securities domestic securities purchased for the account of the Fund upon (i1) receipt of advice from the Securities System that such securities have been transferred to the Securities System Account, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Domestic Securities domestic securities sold for the account of the Fund upon (Ai) receipt of advice from the Securities System that payment for such securities has been transferred to the Securities System Account, and (Bii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System of transfers of Domestic Securities domestic securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Custodian and be provided to the Fund at its request. Upon request, the Custodian shall furnish the Fund confirmation of the each transfer to or from the account of the Fund in the form of a written advice or notice; andnotice and shall furnish to the Fund copies of daily transaction shoots reflecting each day's transactions to the Securities System for the account of the Fund.
(d4) upon request, the The Custodian shall provide the Fund with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding domestic securities deposited in In the Securities System;
5) The Custodian shall have received the initial or annual certificate, an the case may be, required by Article 12 hereof;
6) Anything to the contrary in this Contract notwithstanding, the Custodian shall be liable to the Fund for any lose or damage to the Fund resulting from use of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of Its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claim against the Securities System or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Fund has not been made whole for any such loss or damage.
Appears in 1 contract
Samples: Custodian Contract (Acm Government Income Fund Inc)
