Common use of Nominees Clause in Contracts

Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may without notice to the Customer cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable and practicable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 152 contracts

Samples: Agreement (T. Rowe Price Spectrum Funds II, Inc.), Agreement (T. Rowe Price Institutional Income Funds, Inc.), Agreement (T. Rowe Price Corporate Income Fund, Inc.)

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Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may without notice to the Customer cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 53 contracts

Samples: Global Custody Agreement (Lipper Funds Inc), Party Agreement (Tocqueville Trust), Global Custody Agreement (Delaware Pooled Trust Inc)

Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may without notice to the Customer cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account. 10.

Appears in 14 contracts

Samples: Global Custody Agreement Agreement, Global Custody Agreement (New World Fund Inc /Ca), Global Custody Agreement (U S Treasury Money Fund of America)

Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may may, without notice to the Customer Customer, cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 13 contracts

Samples: Global Custody Agreement (Lindner Investments), Agreement (Merrill Lynch Developing Capital Markets Fund Inc), Global Custody Agreement (Franklin Templeton International Trust)

Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may without notice to the Customer cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 7 contracts

Samples: Custody Agreement (Schroder Capital Funds /Delaware/), Schroder Series Trust (Schroder Series Trust Ii), Custody Agreement (Schroder Capital Funds /Delaware/)

Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may may, without notice to the Customer Customer, cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Bank Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 2 contracts

Samples: Global Custody Agreement (Witter Dean World Wide Income Trust), Global Custody Agreement (Dean Witter Global Short Term Income Fund Inc)

Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may without may, with notice to the Customer Customer, cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 2 contracts

Samples: Domestic and Global Custody Agreement (Mutual of America Investment Corp), Global Custody Agreement (Mutual of America Institutional Funds Inc)

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Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may may, without notice to the Customer Customer, cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees 6 harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 1 contract

Samples: Custody Agreement (Merrill Lynch Short Term Global Income Fund Inc)

Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, . Subcustodian or securities depository, as the case may be. The Bank may without notice to the Customer cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 1 contract

Samples: Global Custody Agreement (Galaxy Fund /De/)

Nominees. Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may without notice to the Customer cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable the Bank deems to be fair and practicableequitable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly directly, or indirectly from their status as a mere record holder of Securities in the Custody Account.

Appears in 1 contract

Samples: Global Custody Agreement (Galaxy Vip Fund)

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