Common use of No Duty to Ascertain Authority Clause in Contracts

No Duty to Ascertain Authority. The Custodian shall not be under any duty or obligation to ascertain whether any Securities at any time delivered to or held by it for the Company and specifically allocated to a Portfolio are such as may properly be held by the Company under the provisions of the Articles of Incorporation and the Prospectus.

Appears in 3 contracts

Samples: Custody Agreement (PBHG Funds Inc /), Custody Agreement (Wilshire Target Funds Inc), Custody Agreement (Fremont Mutual Funds Inc)

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No Duty to Ascertain Authority. The Custodian shall not be under any duty or obligation to ascertain whether any Securities at any time delivered to or held by it for the Company Trust and specifically allocated to a Portfolio are such as may properly be held by the Company Trust under the provisions of the Articles of Incorporation and the Prospectus.

Appears in 1 contract

Samples: Custody Agreement (Ariel Investment Trust)

No Duty to Ascertain Authority. The Custodian shall not be under any duty or obligation to ascertain whether any Securities at any time delivered to or held by it for the Company and specifically allocated to a the Portfolio are such as may properly be held by the Company under the provisions of the Articles of Incorporation and Certificate of Designation and the Prospectus.

Appears in 1 contract

Samples: Custody Agreement (Amerindo Funds Inc)

No Duty to Ascertain Authority. The Custodian shall not be under any duty or obligation to ascertain whether any Securities at any time delivered to or held by it for the Company and specifically allocated to a the Portfolio are such as may properly be held by the Company under the provisions of the Articles Declaration of Incorporation Trust and the Prospectus.

Appears in 1 contract

Samples: Custody Agreement (Williamsburg Investment Trust)

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No Duty to Ascertain Authority. The Custodian shall not be under any duty or obligation to ascertain whether any Securities at any time delivered to or held by it for the Company and specifically allocated to a Portfolio are such as may properly be held by the Company under the provisions of the Articles of Incorporation and Certificate of Designation and the Prospectus.

Appears in 1 contract

Samples: Custodian Agreement (Sit Mutual Funds Inc)

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