Common use of Depository Rules Clause in Contracts

Depository Rules. Where Property is so held through a Depository, the Client confirms that it will not assert any claim in respect of such Property which would be contrary to the rules and procedures of that Depository, and will not knowingly act in any way which could result in the Custodian being in breach of any rule or procedure of that Depository.

Depository Rules. Where Property is so held through a Depository, the Client Fund confirms that it will not assert any claim in respect of such Property which would be contrary to the rules and procedures of that Depository, and will not knowingly act in any way which could result in the Custodian being in breach of any rule or procedure of that Depository.