Common use of Knowledge of the Custodian Clause in Contracts

Knowledge of the Custodian. For the purposes of this Agreement, the Custodian will only be considered to have knowledge, notice of or to be aware of any thing if the Custodian has knowledge, notice or awareness of that thing by virtue of the actual knowledge, notice or awareness of the officers or employees of the Custodian who have day to day responsibility for carrying out its obligations under this Agreement.