Fraudulent Securities. The Custodian shall have no liability for losses incurred by the Client or any other person as a result of the receipt or acceptance of fraudulent, forged or invalid Securities (or Securities which are otherwise not freely transferable or deliverable without encumbrance in any relevant market).
Appears in 6 contracts
Samples: Custody Agreement, Agreement (Maxim Series Fund Inc), Custody Agreement (Maxim Series Fund Inc)
Fraudulent Securities. The Neither the Custodian nor any Subcustodian shall have no any liability for losses incurred by the Client or any other person as a result of the receipt or acceptance of fraudulent, forged or invalid Securities (or Securities which are otherwise not freely transferable or deliverable without encumbrance in any relevant market).
Appears in 2 contracts
Samples: Domestic Custody Agreement (Smith Barney Travelers Series Fund Inc), Global Custody Agreement (Smith Barney Shearson Precious Metals & Mineral Fund Inc)
Fraudulent Securities. The Custodian shall have no liability for losses incurred by the Client Trust or any other person as a result of the receipt or acceptance of fraudulent, forged or invalid Securities (or Securities which are otherwise not freely transferable or deliverable without encumbrance in any relevant market).
Appears in 1 contract
Fraudulent Securities. The Custodian shall will have no liability for losses Losses suffered or incurred by the Client Issuer or any other person as a result of the receipt or acceptance of fraudulent, forged or invalid Securities (or Securities which that are otherwise not freely transferable or deliverable without encumbrance in any relevant market).
Appears in 1 contract
Samples: Agreement
Fraudulent Securities. The Neither the Custodian nor any Subcustodian shall have no any liability for losses incurred by the Client or any other person as a result of the receipt or acceptance of fraudulent, forged or invalid Securities (or Securities which are otherwise not freely transferable or deliverable without encumbrance in any relevant market).. (m)
Appears in 1 contract
