Limitation on Duty to Collect. Custodian shall not be required to enforce collection, by legal means or otherwise, of any money or property due and payable with respect to Securities held for the Fund if such Securities are in default or payment is not made after due demand or presentation. Custodian shall promptly notify an Officer of the Trust in writing of any amounts of money or property due and payable with respect to Securities held for a Fund which the Custodian has not received after due demand or presentation.
Appears in 1 contract
Limitation on Duty to Collect. Custodian shall not be required to enforce collection, by legal means or otherwise, of any money or property due and payable with respect to Securities held for the Fund if such Securities are in default or payment is not made after due demand or presentation. Custodian shall promptly notify an Officer of the Trust in writing of any amounts of money or property due and payable with respect to Securities held for a Fund which the Custodian has not received after due demand or presentation.Securities
Appears in 1 contract
Limitation on Duty to Collect. Custodian shall not be required to enforce collection, by legal means or otherwise, of any money or property due and payable with respect to Securities held for by the Fund Trust if such Securities are in default or payment is not made after due demand or presentation. Custodian shall promptly notify an Officer of the Trust in writing of any amounts of money or property due and payable with respect to Securities held for a Fund which the Custodian has not received after due demand or presentation.
Appears in 1 contract
Samples: Custody Agreement (Magna Funds /Ma/)
Limitation on Duty to Collect. Custodian shall not be required to enforce collection, by legal means or otherwise, of any money or property due and payable with respect to Securities held for the Fund Trust if such Securities are in default or payment is not made after due demand or presentation. Custodian shall promptly notify an Officer of presentation and the Trust in writing of any amounts of money or property due and payable with respect to Securities held for a Fund which Fund, after notice from the Custodian Custodian, has not received after due demand or presentationprovided written instruction to proceed and ensured reimbursement of related custodian expenses.
Appears in 1 contract