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 Xxxxxx 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 Xxxxxx Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such Xxxxxx Affiliate.
Appears in 3 contracts
Samples: 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 for the purchase or sale of Securities and either execute such orders itself or by means of Xxxxxx Mxxxxx 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 Xxxxxx Mxxxxx Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such Xxxxxx Mxxxxx Affiliate.
Appears in 1 contract
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 Xxxxxx 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 Xxxxxx BNY Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such Xxxxxx BNY Affiliate.
Appears in 1 contract
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 Xxxxxx 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 Xxxxxx Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such Xxxxxx Affiliate.
Appears in 1 contract
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 Xxxxxx 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 Xxxxxx Affiliate acts as a dealer, the Custodian may buy or sell such the Securities from or to either itself, as principal, or such a Xxxxxx Affiliate.
Appears in 1 contract
Samples: 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 Xxxxxx 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 Xxxxxx Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such Xxxxxx Affiliate.
Appears in 1 contract
Samples: Global Custody Agreement (Delaware Pooled Trust Inc)