Deposits. Subject to the requirements of the 1940 Act, the Trustees shall have power to deposit any moneys or Securities included in the Trust Property with any one or more banks, trust companies or other banking institutions, whether or not such deposits will draw interest. Such deposits are to be subject to withdrawal in such manner as the Trustees may determine, and the Trustees shall have no responsibility for any loss which may occur by reason of the failure of the bank, trust company or other banking institution with which any such moneys or Securities have been deposited, except as provided in Section 8.2 hereof.
Appears in 52 contracts
Samples: Trust Agreement (Source Capital /De/), Agreement and Declaration of Trust (Investment Managers Series Trust II), Agreement and Declaration of Trust (Investment Managers Series Trust)
Deposits. Subject to the requirements of the 1940 Act, the Trustees shall have power to deposit any moneys or Securities included in the Trust Property with any one or more banks, trust companies or other banking institutions, whether or not such deposits will draw interest. Such deposits are to be subject to withdrawal in such manner as the Trustees may determine, and the Trustees shall have no responsibility for any loss which may occur by reason of the failure of the bank, trust company or other banking institution with which any such moneys or Securities have been deposited, except as provided in Section 8.2 hereof.deposits
Appears in 33 contracts
Samples: Agreement and Declaration of Trust (Van Kampen American Capital Government Target Fund), Agreement and Declaration of Trust (Van Kampen American Capital Limited Maturity Government Fund), Agreement and Declaration of Trust (American Capital Small Capitalization Fund Inc)
Deposits. Subject to the requirements of the 1940 Act, the Trustees shall have power to deposit any moneys or Securities securities included in the Trust Property with any one or more banks, trust companies or other banking institutions, whether or not such deposits will draw interest. Such deposits are to be subject to withdrawal in such manner as the Trustees may determine, and the Trustees shall have no responsibility for any loss which may occur by reason of the failure of the bank, trust company or other banking institution with which any such moneys or Securities securities have been deposited, except as provided in Section 8.2 hereofother than liability based on their gross negligence or willful fault.
Appears in 2 contracts
Samples: Trust Agreement (Tuscarora Investment Trust), Declaration of Trust (Albemarle Investment Trust/)
Deposits. Subject to the requirements of the 1940 Act, the Trustees shall have power to deposit any moneys or Securities included in the Trust Property with any one or more banks, trust companies or other banking institutions, whether or not such deposits will draw interest. Such deposits are to be subject to withdrawal in such manner as the Trustees may determine, and the Trustees shall have no responsibility for any loss which may occur by reason of the failure of the bank, trust company or other banking institution with which any such moneys or Securities have been deposited, except as provided in Section 8.2 8.02 hereof.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (Avenue Income Credit Strategies Fund), Agreement and Declaration of Trust (Avenue Mutual Funds Trust)
Deposits. Subject to the requirements of the 1940 Act, the Trustees shall have power to deposit any moneys or Securities included in the Trust Property with any one or more banks, trust companies or other banking institutions, whether or not such deposits will draw interest. Such deposits are to be subject to withdrawal in such manner as the Trustees may determine, and the Trustees shall have no responsibility for any loss which may occur by reason of the failure of the bank, trust company or other banking institution with which any such moneys or Securities have been deposited, except as provided in Section 8.2 hereof.9
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Van Kampen American Capital World Portfolio Series Trust)
Deposits. Subject to the requirements of the 1940 Act, the Trustees shall have power to deposit any moneys or Securities included in the Trust Property with any one or more banks, trust companies or other banking institutions, whether or not such deposits will draw interest. Such deposits 9 are to be subject to withdrawal in such manner as the Trustees may determine, and the Trustees shall have no responsibility for any loss which may occur by reason of the failure of the bank, trust company or other banking institution with which any such moneys or Securities have been deposited, except as provided in Section 8.2 hereof.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Van Kampen American Capital Reserve Fund)
Deposits. Subject to the requirements of the 1940 Act, the Trustees shall have power to deposit any moneys or Securities included in the Trust Property with any one or more banks, trust companies or other banking institutions, whether or not such deposits will draw interest. Such deposits are to be subject to withdrawal in such manner as the Trustees may determine, and the Trustees shall have no responsibility for any loss which may occur by reason of the failure of the bank, trust company or other banking institution with which any such moneys or Securities have been deposited, except other than as provided in Section 8.2 hereof8.1.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Williamsburg Investment Trust)