Common use of Express Duties Only Clause in Contracts

Express Duties Only. Custodian shall have no duties or obligations whatsoever except such duties and obligations as are specifically set forth in this Agreement, and no covenant or obligation shall be implied in this Agreement against Custodian. Custodian shall have no discretion whatsoever with respect to the management, disposition or investment of the Custody Account and is not a fiduciary to the Company. In particular, Custodian shall not be under any obligation at any time to monitor or to take any other action with respect to compliance by the Company with the 1940 Act, the provisions of the Company's charter documents or by-laws, or the Company's investment objectives, policies and limitations as in effect from time to time.

Appears in 5 contracts

Samples: Custody Agreement (Progressive Return Fund Inc), Custody Agreement (Cornerstone Strategic Value Fund Inc/ New), Custody Agreement (Cornerstone Strategic Value Fund Inc/ New)

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Express Duties Only. Custodian shall have no duties or obligations whatsoever except such duties and obligations as are specifically set forth in this Agreement, and no covenant or obligation shall be implied in this Agreement against Custodian. Custodian shall have no discretion whatsoever with respect to the management, disposition or investment of the Custody Account and is not a fiduciary to the Company. In particular, Custodian shall not be under any obligation at any time to monitor or to take any other action with respect to compliance by the Company with the 1940 Act, the provisions of the Company's ’s charter documents or by-laws, or the Company's its investment objectives, policies and limitations as in effect from time to time.

Appears in 3 contracts

Samples: Custody Agreement (Kayne Anderson MLP Investment CO), Custody Agreement (Kayne Anderson Energy Total Return Fund, Inc.), Custody Agreement (Kayne Anderson Energy Development Co)

Express Duties Only. Custodian shall have no duties or obligations whatsoever whatsoever, except such duties and obligations as are specifically set forth in this Agreement, and no covenant or obligation shall be implied in this Agreement against Custodian. Custodian shall have no discretion whatsoever with respect to the management, disposition or investment of the Custody Account and is not a fiduciary to the Fund or the Company. In particular, Custodian shall not be under any obligation at any time to monitor or to take any other action with respect to compliance by the Fund or the Company with the 1940 Act, the provisions of the Company's ’s charter documents or by-laws, laws or the Company's Fund’s investment objectives, policies and limitations as in effect from time to time.

Appears in 1 contract

Samples: Custody Agreement (Wilshire Mutual Funds Inc)

Express Duties Only. Custodian shall have no duties or obligations whatsoever except such duties and obligations as are specifically set forth in this Agreement, and no covenant or obligation shall be implied in this Agreement against Custodian. Custodian shall have no discretion whatsoever with respect to the management, disposition or investment of the Custody Account and is not a fiduciary to the Portfolio or the Company. In particular, Custodian shall not be under any obligation at any time to monitor or to take any other action with respect to compliance by the Portfolio or the Company with the 1940 Act, the provisions of the Company's charter documents or by-laws, or the CompanyPortfolio's investment objectives, policies and limitations as in effect from time to time.

Appears in 1 contract

Samples: Custody Agreement (Dreyfus Premier Equity Funds Inc)

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Express Duties Only. Custodian shall have no duties or obligations whatsoever whatsoever, except such duties and obligations as are specifically set forth in this Agreement, and no covenant or obligation shall be implied in this Agreement against Custodian. Custodian shall have no discretion whatsoever with respect to the management, disposition or investment of the Custody Account and is not a fiduciary to the Fund or the Company. In particular, Custodian shall not be under any obligation at any time to monitor or to take any other action with respect to compliance by the Fund or the Company with the 1940 Act, the provisions of the Company's ’s charter documents or by-laws, or the Company's Fund’s investment objectives, policies and limitations as in effect from time to time.

Appears in 1 contract

Samples: Custody Agreement (Wilshire Mutual Funds Inc)

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