Common use of Executing Orders Clause in Contracts

Executing Orders. The Custodian shall, in its sole discretion and if permitted by applicable law, accept orders from the Client for the purchase or sale of Securities and either execute such orders itself or by means of ▇▇▇▇▇▇ Affiliates or brokers or other financial organizations of its choice, subject to the fees and commissions in effect from time to time. The Custodian shall not be responsible for any act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the Client. When instructed to buy or sell Securities for which the Custodian or a ▇▇▇▇▇▇ Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such ▇▇▇▇▇▇ Affiliate.

Appears in 3 contracts

Sources: Global Custody Agreement, Us Domestic Custody Agreement (Smith Barney Travelers Series Fund Inc), Global Custody Agreement (Smith Barney Shearson Precious Metals & Mineral Fund Inc)

Executing Orders. The Custodian shall, in its sole discretion and if permitted by applicable law, accept orders from the Client an Authorized Person for the purchase or sale of any Securities and either execute such orders itself or by means of ▇▇▇▇▇▇ Affiliates or brokers or other financial organizations of its choice, subject to the fees and commissions in effect from time to time. The Custodian shall not be responsible for any act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the Client. When instructed to buy or sell any Securities for which the Custodian or a ▇▇▇▇▇▇ Affiliate acts as a dealer, the Custodian may buy or sell such the Securities from or to either itself, as principal, or such a ▇▇▇▇▇▇ Affiliate.

Appears in 1 contract

Sources: Us Domestic Custody Agreement (Smith Barney Travelers Series Fund Inc)

Executing Orders. The Custodian shall, in its sole discretion and if permitted by ---------------- applicable law, accept orders from the Client for the purchase or sale of Securities and either execute such orders itself or by means of ▇▇▇▇▇▇ Affiliates or brokers or other financial organizations of its choice, subject to the fees and commissions in effect from time to time. The Custodian shall not be responsible for any act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the Client. When instructed to buy or sell Securities for which the Custodian or a ▇▇▇▇▇▇ Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such ▇▇▇▇▇▇ Affiliate.

Appears in 1 contract

Sources: Custodian Agreement (Maxim Series Fund Inc)

Executing Orders. The Custodian shall, in its sole discretion and if permitted by applicable law, accept orders from the Client for the purchase or sale of Securities and either execute such orders itself or by means of ▇▇▇▇▇▇ BNY Affiliates or brokers or other financial organizations of its choice, subject to the fees and commissions in effect from time to time. The Custodian shall not be responsible for any act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the a Client. When instructed to buy or sell Securities for which the Custodian or a ▇▇▇▇▇▇ BNY Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such ▇▇▇▇▇▇ BNY Affiliate.

Appears in 1 contract

Sources: Global Custody Agreement (Orchard Series Fund)

Executing Orders. The Custodian shall, in its sole ---------------- discretion and if permitted by applicable law, accept orders from the Client for the purchase or sale of Securities and either execute such orders itself or by means of ▇▇▇▇▇▇ Affiliates or brokers or other financial organizations of its choice, subject to the fees and commissions in effect from time to time. The Custodian shall not be responsible for any act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the Client. When instructed to buy or sell Securities for which the Custodian or a ▇▇▇▇▇▇ Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such ▇▇▇▇▇▇ Affiliate.

Appears in 1 contract

Sources: Global Custody Agreement (Delaware Pooled Trust Inc)

Executing Orders. The Custodian shall, in its sole discretion and if permitted by applicable law, accept orders from the Client for the purchase or sale of Securities and either execute such orders itself or by means of M▇▇▇▇▇ Affiliates or brokers or other financial organizations of its choice, subject to the fees and commissions in effect from time to time. The Custodian shall not be responsible for any act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the Client. When instructed to buy or sell Securities for which the Custodian or a M▇▇▇▇▇ Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such M▇▇▇▇▇ Affiliate.

Appears in 1 contract

Sources: Global Custody Agreement (Maxim Series Fund Inc)