Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all funds, securities and similar investments included in the Trust Property. The Custodian (and any sub-custodian) shall be a bank having not less than $20,000,000 aggregate capital, surplus and undivided profits and shall be appointed from time to time by the Trustees, who shall fix its remuneration.
Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all securities owned by the Trust and cash representing the proceeds from sales of securities owned by the Trust and of capital stock or other units of beneficial interest issued to the Trust, payments of principal upon securities owned by the Trust, or capital distribution in respect to capital stock or other units of beneficial interest owned by the Trust, pursuant to a written contract with such Custodian. The Custodian shall be a bank or trust company having not less than $2,000,000 aggregate capital, surplus and undivided profits (as shown in its last published report).
Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all funds, securities and similar investments included in the Trust Property. The Custodian (and any sub-custodian) shall be a bank or other depository meeting such requirements as may be set forth in the Investment Company Act of 1940 and other applicable law and regulations for institutions serving as custodians of funds held by registered investment companies. The Custodian shall be appointed from time to time by the Trustees, who shall fix its remuneration.
Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all securities and similar investments owned by the Trust for the benefit of any series and cash representing the proceeds from sales of securities owned by the Trust for the benefit of any series and of capital stock or other units of beneficial interest issued to the Trust for the benefit of any series, payments of principal upon securities owned by the Trust for the benefit of any series, or capital distribution in respect to capital stock or other units of beneficial interest owned by the Trust for the benefit of any series, pursuant to a written contract with such Custodian. The Custodian shall be a bank or trust company having not less than $2,000,000 aggregate capital, surplus and undivided profits (as shown in its last published report).
Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all funds, securities and similar investments included in the Trust Property. The Custodian (and any sub-custodian) shall be appointed from time to time by the Trustees, who shall fix its remuneration.
Employment of a Custodian. The Corporation shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all funds, securities and similar investments owned by the Corporation. The Custodian (and any sub-custodian) shall be a bank having not less than $2,000,000 aggregate capital, surplus and undivided profits and shall be appointed from time to time by the Board of Directors, which shall fix its remuneration.
Employment of a Custodian. The Trust shall place and at all times maintain in ---------- -- - --------- the custody of a Custodian (including any sub-custodian for the Custodian) all funds, securities, and similar investments owned by the Corporation. The Custodian shall be a bank having an aggregate capital, surplus, and undivided profits of not less than $10,000,000. Subject to such rules, regulations, and orders as the Securities and Exchange Commission may adopt as necessary or appropriate for the protection of investors, the Trust's Custodian may deposit all or a part of the securities owned by the Corporation in a sub-custodian or sub-custodians situated within or without the United States. The Custodian shall be appointed and its remuneration fixed by the Board of Trustees. [ Investment Company Act, Section 17(f) ]
Employment of a Custodian. The Trust shall place and at all ------------------------- times maintain in the custody of a Custodian including any sub-custodian for the Custodian, all funds, securities and similar investments included in the Trust Property. The Custodian (and any sub-custodian) shall be appointed from time to time by the Trustees, who shall fix its remuneration.
Employment of a Custodian. The Sponsor may enter into written contracts for the placement and maintenance of all funds, securities and similar investments of a Fund with a Custodian. Any such custodian shall be a bank or trust company having an aggregate capital, surplus, and undivided profits of at least one million dollars ($1,000,000). Upon termination of a custody agreement or inability of the Trust’s Custodian to continue to serve, the Sponsor shall promptly appoint a successor Custodian.
Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all funds, securities, and similar investments owned by the Trust. The Custodian shall be a Trust Company or bank that meets the qualifications for custodians for portfolio securities contained in the 1940 Act. Subject to the 1940 Act, the Trust's Custodian may deposit all or a part of the securities, cash or other property owned by the Trust for the benefit of any of its Series of Shares in a sub-custodian or sub-custodians situated within or without the United States. The Custodian shall be appointed and its remuneration fixed by the Trustees.
