Common use of No Lien or Pledge by Custodian Clause in Contracts

No Lien or Pledge by Custodian. Custodian agrees that Purchased Securities shall not be subject to any security interest, lien or right of setoff by Custodian or any third party claiming through Custodian and Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party an interest in, any Purchased Securities.

Appears in 3 contracts

Samples: Forms of Custodial Agreement (Vanguard CMT Funds), Forms of Custodial Agreement (Vanguard CMT Funds), Vanguard CMT Funds

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No Lien or Pledge by Custodian. Custodian agrees that Purchased Securities shall not be subject to any security interest, lien or right of setoff by Custodian or any third party claiming through Custodian (other than Buyer) and Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party an interest in, any Purchased Securities.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Tiaa-Cref Funds), Repurchase Agreement (College Retirement Equities Fund)

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No Lien or Pledge by Custodian. Custodian agrees that Purchased Securities shall not be subject to any security interest, lien or right of setoff by Custodian or any third party claiming through Custodian and Custodian shall not pledge, encumber, hypothecate, transfertransfer , dispose of, or otherwise grant any third party an interest in, any Purchased Securities.

Appears in 1 contract

Samples: archive.rcgov.org

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