Common use of Deposit of Trust Assets in Securities Systems Clause in Contracts

Deposit of Trust Assets in Securities Systems. Upon receipt of Proper Instructions, the Custodian may deposit and/or maintain securities owned by a Portfolio in a 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 the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities Systems" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:

Appears in 2 contracts

Samples: Core Trust /De, Core Trust /De

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Deposit of Trust Assets in Securities Systems. Upon receipt of Proper Instructions, the Custodian may deposit and/or maintain securities owned by a Portfolio Fund in a 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 the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "Securities Systems" in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:

Appears in 2 contracts

Samples: Monarch Funds Custodian Agreement (Monarch Funds), Monarch Funds Custodian Agreement (Monarch Funds)

Deposit of Trust Assets in Securities Systems. Upon receipt of Proper Instructions, the The Custodian may deposit and/or maintain securities owned by a Portfolio the Trust on behalf of the Fund(s) in a clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-book- entry system authorized by the U.S. Department of the Treasury and certain federal agencies, agencies (collectively referred to herein as "a ``Securities Systems" 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:

Appears in 1 contract

Samples: Custody Agreement (Kalmar Pooled Investment Trust)

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Deposit of Trust Assets in Securities Systems. Upon receipt of Proper Instructions, the The Custodian may deposit and/or maintain securities owned by a Portfolio the Trust on behalf of each Series in a clearing agency registered with the Securities and Exchange Commission (the "SEC") 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, agencies (collectively referred to herein as a "Securities Systems" 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:

Appears in 1 contract

Samples: Olstein Funds

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