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 Directors, who shall fix its remuneration.
Appears in 4 contracts
Samples: Vantagepoint Funds, Vantagepoint Funds, Commonfund Institutional Funds
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 DirectorsTrustees, who shall fix its remuneration.
Appears in 4 contracts
Samples: Persimmon Growth Partners Investor Fund, Acp Funds Trust, Westlakes Institutional Portfolios
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 DirectorsTrustees, who shall fix its remuneration, pursuant to a written Custodian Contract entered into between the Trust and the Custodian.
Appears in 1 contract
Samples: Manor Investment Funds Inc
Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian custodian (including any sub-custodian for the Custodiancustodian) all funds, securities and similar investments included in the Trust Property. The Custodian 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 1940, as amended, and other applicable law and regulations for institutions serving as custodians of funds held by registered investment companies. The Custodian custodian shall be appointed from time to time by the DirectorsTrustees, who shall fix its remuneration.
Appears in 1 contract
Samples: Philadelphia Investment Partners New Generation Fund