No Duty to Manage. The Custodian, a Subcustodian or a Foreign Custodian shall not have any duty or responsibility to manage or recommend investments of the assets of any Fund held by them or to initiate any purchase, sale or other investment transaction in the absence of Proper Instructions or except as otherwise specifically provided herein.
Appears in 32 contracts
Samples: Master Custody Agreement (Franklin ETF Trust), Master Custody Agreement (Franklin Mutual Series Fund Inc), Master Custody Agreement (Franklin Valuemark Funds)
No Duty to Manage. The Custodian, a Subcustodian or a Foreign Custodian shall not have any duty or responsibility to manage or recommend investments of the assets of any Fund the Trust held by them or to initiate any purchase, sale or other investment transaction in the absence of Proper Instructions or except as otherwise specifically provided herein.
Appears in 4 contracts
Samples: Custody Agreement (Franklin International Trust), Custody Agreement (Money Market Portfolios), Custody Agreement (Franklin Strategic Mortgage Portfolio)
No Duty to Manage. The Custodian, a Subcustodian or a Foreign Custodian shall not have any duty or responsibility to manage or recommend investments of the assets of any the Fund held by them or to initiate any purchase, sale or other investment transaction in the absence of Proper Instructions or except as otherwise specifically provided herein.
Appears in 3 contracts
Samples: Custody Agreement (Franklin Premier Return Fund), Custody Agreement (Franklin Templeton Money Fund Trust), Custody Agreement (Franklin Balance Sheet Investment Fund)
No Duty to Manage. The Custodian, Custodian or a Subcustodian or a Foreign Custodian shall not have any duty or responsibility to manage or recommend investments of the assets of any Fund the Funds held by them or to initiate any purchase, sale or other investment transaction in the absence of Proper Authorized Instructions or except as otherwise specifically provided herein.
Appears in 1 contract
No Duty to Manage. The Custodian, a Subcustodian or a Foreign Custodian shall not have any duty or responsibility to manage or recommend investments of the assets of any Fund the Trust held by them hereunder or to initiate any purchase, sale or other investment transaction in the absence of Proper Instructions or except as otherwise specifically provided herein.
Appears in 1 contract
Samples: Custody Agreement (Franklin Principal Maturity Trust)
