Liability for Subcustodians. (a) Subject to Section 7.1(b), X.X. Xxxxxx will be liable for direct losses incurred by the Customer that result from:
Appears in 13 contracts
Samples: Global Custody Agreement (First Eagle Funds), Global Custody Agreement (First Eagle Funds), Global Custody Agreement (First Eagle Credit Opportunities Fund)
Liability for Subcustodians. (a) Subject to Section 7.1(b), X.X. Xxxxxx will be liable for direct losses incurred by the Customer that result from:
Appears in 2 contracts
Samples: Global Custody Agreement (Aberdeen Funds), Global Custody Agreement (Kayne Anderson Midstream/Energy Fund, Inc.)
Liability for Subcustodians. (a) Subject to Section 7.1(b), X.X. Xxxxxx will be liable for the direct losses incurred by the Customer that result from:from the failure by a Subcustodian to use reasonable care in accordance with the standards prevailing in the relevant market. X.X. Xxxxxx shall also be liable for the direct losses incurred by the Customer that result from the insolvency of any Affiliated Subcustodian Bank.
Appears in 1 contract
Samples: Form of Master Global Custody Agreement (Blackrock Funds)
