Lien on Assets. If the Fund requires State Street to advance cash or securities for any purpose or in the event that State Street or its nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the performance of this Agreement, except such as may arise from its or its nominee's own negligent action, negligent failure to act or willful misconduct, any property at any time held for the account of the Fund shall be security therefor and should the Fund fail to repay State Street promptly, State Street shall be entitled to utilize available cash and to dispose of the Fund assets to the extent necessary to obtain reimbursement.
Appears in 6 contracts
Samples: Custodian, Fund Accounting and Recordkeeping Agreement (Keystone Mid Cap Growth Fund S-3), Custodian, Fund Accounting and Recordkeeping Agreement (Keystone Balanced Fund K-1), Custodian, Fund Accounting and Recordkeeping Agreement (Keystone Diversified Bond Fund B-2)
Lien on Assets. If the Fund requires State Street to advance cash or securities for any purpose or in the event that State Street or its nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the performance of this Agreement, except such as may arise from its or its nominee's own negligent action, negligent failure to act or willful misconduct, any property at any time held for the account of the Fund shall be security therefor and should the Fund fail to repay State Street promptly, State Street shall be entitled to utilize available cash and to dispose of the Fund assets to the extent necessary to obtain reimbursement; provided, however, that the total value of any property of any Portfolio of the Fund which at any time is security for any payment by State Street hereunder shall not exceed 15% of such Portfolio's total net asset value.
Appears in 4 contracts
Samples: Custodian, Fund Accounting and Recordkeeping Agreement (Keystone Strategic Income Fund), Custodian, Fund Accounting and Recordkeeping Agreement (Keystone Intermediate Term Bond Fund), Custodian, Fund Accounting and Recordkeeping Agreement (Keystone Tax Free Income Fund)
Lien on Assets. If the Fund requires State Street to advance cash or securities for any purpose or in the event that State Street or its nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the performance of this Agreement, except such as may arise from its or its nominee's own negligent action, negligent failure to act or willful misconduct, any property at any time held for the account of the Fund shall be security therefor and should the Fund fail to repay State Street promptly, State Street shall be entitled to utilize available cash and to dispose of the Fund assets to the extent necessary to obtain reimbursement; provided, however, that the total value of any property of the Fund which at any time is security for any payment by State Street hereunder shall not exceed 15% of the Fund's total net asset value.
Appears in 2 contracts
Samples: Custodian, Fund Accounting and Recordkeeping Agreement (Keystone State Tax Free Fund Series Ii), Custodian Agreement (Keystone Capital Preservation & Income Fund)
