Common use of Exit Procedure Clause in Contracts

Exit Procedure. (a) The Customer will provide X.X. Xxxxxx full details of the persons to whom X.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. Xxxxxx may, in such manner and, at such time or times as X.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds. (c) The Customer will reimburse X.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. Xxxxxx full details of the persons to whom X.X. Xxxxxx must deliver Account Financial Assets and cash within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Financial Assets and cash to a successor custodian, but X.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. Xxxxxx is unwilling to assume any related credit risk. (b) . X.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account AssetsFinancial Assets and cash. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. Xxxxxx may, in such manner and, at such time or times as X.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets that X.X. Xxxxxx in its sole discretion may select, in the Securities Account that X.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds. proceeds (c) and, accordingly, X.X. Xxxxxx will be entitled to sell Financial Assets and apply the sale proceeds in satisfaction of amounts owing to it). The Customer will reimburse X.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) . Termination will not affect any of the Liabilities liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. J.X. Xxxxxx full details of the persons to whom X.X. J.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. J.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. J.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. J.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. J.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. J.X. Xxxxxx may, in such manner and, at such time or times as X.X. J.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. J.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds.. Global Custody Agreement - New York - General February 2018 version (c) The Customer will reimburse X.X. J.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. J.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. Xxxxxx full details of the persons to whom X.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. Xxxxxx is unwilling to assume any related credit risk. (b) In addition, X.X. Xxxxxx shall, at the expense of the Trust, transfer to such successor all relevant books, records, correspondence, and other data established or maintained by X.X.Xxxxxx under this Agreement in a form reasonably acceptable to the Trust (if such form differs from the form in which the Custodian has maintained the same, the Trust shall pay any expenses associated with transferring the data to such form), and will cooperate in the transfer of such duties and responsibilities, to the designated successor custodian. (c) X.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. Xxxxxx may, in such manner and, at such time or times as X.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds. (cd) The Customer will reimburse X.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (de) Upon termination, the Customer will provide X.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (ef) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. J.X. Xxxxxx full details of the persons to whom X.X. J.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. J.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. J.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. J.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. J.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. J.X. Xxxxxx may, in such manner and, at such time or times as X.X. J.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. J.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds.. Global Custody Agreement - New York - General - February 2018 version (c) The Customer will reimburse X.X. J.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. J.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. J.X. Xxxxxx full details of the persons to whom X.X. J.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. J.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. J.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. J.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. J.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. J.X. Xxxxxx may, in such manner and, at such time or times as X.X. J.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. J.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds.. Global Custody Agreement - New York - January 2022 24 (c) The Customer will reimburse X.X. J.X. Xxxxxx promptly for all reasonable out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. J.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. Xxxxxx full details of the persons to whom X.X. Xxxxxx must deliver Account Financial Assets and cash within a reasonable period before the effective time of termination of this Agreement. X.X. Xxxxxx will act in accordance with all Instructions delivered to it by Customer with respect to such delivery and transition of custody responsibilities to a successor Custodian provided that such Instruction shall be reasonable and practicable and not in conflict with any provision of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Financial Assets and cash to a its successor custodian, but X.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. Xxxxxx is unwilling to assume any related credit risk. (b) . X.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from that are not the Cash Account subject of a bona fide dispute prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash AccountFinancial Assets and cash (and, the Customer agrees that accordingly, X.X. Xxxxxx may, in such manner and, at such time or times as X.X. Xxxxxx in its sole discretion sees fit, liquidate any will be entitled to sell Financial Assets and apply the sale proceeds in the Securities Account that X.X. Xxxxxx, in its sole discretion, may select in order satisfaction of amounts owing to deduct such amount from the proceeds. (c) The it). Customer will reimburse X.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) . Termination will not affect any of the Liabilities liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. J.X. Xxxxxx full details of the persons to whom X.X. J.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. J.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. J.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. J.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. J.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. J.X. Xxxxxx may, in such manner and, at such time or times as X.X. J.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. J.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds.. Global Custody Agreement – New York – January 2022 (c) The Customer will reimburse X.X. J.X. Xxxxxx promptly for all reasonable out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. J.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. J.X. Xxxxxx full details of the persons to whom X.X. J.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. J.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. J.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. J.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. J.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. J.X. Xxxxxx may, in such manner and, at such time or times as X.X. J.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. J.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds. (c) The Customer will reimburse X.X. J.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. J.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination.

Exit Procedure. (a) The Customer will provide X.X. J.X. Xxxxxx full details of the persons to whom X.X. J.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. J.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. J.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. J.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. J.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. Xxxxxx J.P. Morgan may, in such manner and, at such time or times as X.X. Xxxxxx J.P. Morgan in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. XxxxxxJ.P. Morgan, in its sole discretion, may select in order to deduct such amount from the proceeds. (c) The Customer will reimburse X.X. Xxxxxx J.P. Morgan promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. Xxxxxx J.P. Morgan with contact information and payment instructions for any matters arising after termination. (e) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination. Global Custody Agreement - New York - January 2022 (f) J.P. Morgan will act in accordance with all Instructions delivered to it by the Customer with respect to such delivery and transition of custody responsibilities to a successor custodian provided that such Instructions shall be reasonable and practicable and not in conflict with any provision of this Agreement. (g) As soon as reasonably practicable following its resignation or termination of appointment becoming effective and subject to payment of any amount owing to J.P. Morgan under this Agreement, J.P. Morgan agrees to, upon request from the Customer, make available such holding statements or position reports as are customarily required by a replacement provider of the services or to such other person as the Customer may requestThe Customer undertakes to use its best efforts to appoint a new custodian or service provider as soon as reasonably practicable following the termination of this Agreement.

Exit Procedure. (a) The Customer will provide X.X. Xxxxxx full details of the persons to whom X.X. Xxxxxx must deliver Account Assets within a reasonable period before the effective time of termination of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Assets to a successor custodian, but X.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. Xxxxxx may, in such manner and, at such time or times as X.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds. (c) The Customer will reimburse X.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) Termination will not affect any of the Liabilities either party owes to the other party arising under this Agreement prior to such termination.. Global Custody Agreement - New York - January 2022

Exit Procedure. (a) The Customer will provide X.X. Xxxxxx full details of the persons to whom X.X. Xxxxxx must deliver Account Financial Assets and cash within a reasonable period before the effective time of termination of this Agreement. X.X. Xxxxxx will act in accordance with all Instructions delivered to it by the Customer with respect to such delivery and transition of custody responsibilities to a successor custodian provided that such Instructions shall be reasonable and practicable and not in conflict with any provision of this Agreement. If the Customer fails to provide such details in a timely manner, X.X. Xxxxxx shall be entitled to continue to be paid fees under this Agreement until such time as it is able to deliver the Account Financial Assets and cash to a successor custodian, but X.X. Xxxxxx may take such steps as it reasonably determines to be necessary to protect itself following the effective time of termination, including ceasing to provide transaction settlement services in the event that X.X. Xxxxxx is unwilling to assume any related credit risk. (b) X.X. Xxxxxx will in any event be entitled to deduct any amounts owing to it from the Cash Account prior to delivery of the Account Assets. In the event that insufficient funds are available in the Cash Account, the Customer agrees that X.X. Xxxxxx may, in such manner and, at such time or times as X.X. Xxxxxx in its sole discretion sees fit, liquidate any Financial Assets in the Securities Account that X.X. Xxxxxx, in its sole discretion, may select in order to deduct such amount from the proceeds. (c) The Customer will reimburse X.X. Xxxxxx promptly for all out-of-pocket expenses it incurs in delivering Financial Assets upon termination. (d) Upon termination, the Customer will provide X.X. Xxxxxx with contact information and payment instructions for any matters arising after termination. (e) . Termination will not affect any of the Liabilities liabilities either party owes to the other party arising under this Agreement prior to such termination. As soon as reasonably practicable following its resignation or termination of appointment becoming effective and subject to payment of any amount owing to X.X. Xxxxxx under this Agreement, X.X. Xxxxxx agrees to transfer such records and related supporting documentation as are customarily transferred by an exiting global custodian, to any replacement provider of the services or to such other person as the Customer may direct. X.X. Xxxxxx will also provide reasonable assistance to its successor, for such transfer, subject to the payment of such reasonable expenses and charges as X.X. Xxxxxx customarily charges for such assistance. The Customer undertakes to use its best efforts to appoint a new custodian as soon as reasonably practicable following the termination of this Agreement.