Limitation on Duty to Collect. Custodian shall promptly notify the Trust whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 10 contracts
Samples: Custody Agreement (Aip Alternative Strategies Funds), Custody Agreement (Third Avenue Variable Series Trust), Custody Agreement (Alternative Investment Funds)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but will use commercially reasonable efforts to obtain such money or property and shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 6 contracts
Samples: Custody Agreement (Puget Sound Alternative Investment Series Trust), Custody Agreement (Barr Rosenberg Series Trust), Custody Agreement (Barr Rosenberg Series Trust)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust Company whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 3 contracts
Samples: Custody Agreement (RBB Fund Inc), Custody Agreement (Warburg Pincus Long Short Market Neutral Fund Inc), Custody Agreement (Lipper Funds Inc)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust Company whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio the Company is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 2 contracts
Samples: Custody Agreement (Kayne Anderson MLP Investment CO), Custody Agreement (Asa Market Neutral Equity Fund LLC)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a the Portfolio is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 1 contract
Samples: Custody Agreement (Coventry Group)
