Provisions Regarding Custody Accounts Sample Clauses

Provisions Regarding Custody Accounts. The Bank provides custody services in accordance with the Capital Markets laws and regulations and the provisions of this Agreement with regard to capital market instruments which are delivered or entrusted to it physically or on book-entry basis in connection with its capital market activities and services, either as and in the capacity of a custodian, or for management purposes, or as a security deposit or under any other name whatsoever it is. All records kept by the Bank with regard to the Customer accounts under the scope of custody services are required to be kept in such manner to separate the Customer’s capital market instruments and cash funds from another customer’s account or from its own assets at any time hereunder, and are required to fully and accurately reflect the rights of these persons and the obligations of the Bank towards each customer. Records kept by the Bank in the course of provision of custodian services to customers resident abroad are required to be traced and followed up on the basis of right owners, except for cash funds. For the activities of clearing, settlement and custody of securities abroad, the Bank is cooperating with Euroclear Bank engaged in international activities. Euroclear Bank, founded in Brussels in 1968, is primarily engaged in clearing, settlement and custody of securities (also including security deposit management services and securities lending transactions), asset optimization, asset services and investment fund services, and Euroclear Bank has direct or indirect connections and links with capital markets in more than 40 countries. Euroclear Bank has adopted the Principle of Delivery Against Payment on clearing and settlement of securities, mortgaged bonds, share certificates, investment (mutual) funds and other securities exchanged in international platform, and automatically debits and/or credits our Bank’s Cash and Securities Accounts in order to reflect the movements arising out of clearing transactions. All securities covered by Euroclear System are kept in custody on in kind basis, and accordingly, all securities to which a code number is allocated are considered and treated as identical and interchangeable, and these assets are kept in the system collectively in a single pool account for all our customers, not in separate accounts for each customer. Pursuant to the Belgium Laws applicable on and the Terms and Conditions applied by Euroclear Bank, our Bank has rights on the amounts credited to the ...
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Related to Provisions Regarding Custody Accounts

  • Definitions For purposes of this Agreement:

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Entire Agreement This DPA and the Service Agreement constitute the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior communications, representations, or agreements, oral or written, by the Parties relating thereto. This DPA may be amended and the observance of any provision of this DPA may be waived (either generally or in any particular instance and either retroactively or prospectively) only with the signed written consent of both Parties. Neither failure nor delay on the part of any Party in exercising any right, power, or privilege hereunder shall operate as a waiver of such right, nor shall any single or partial exercise of any such right, power, or privilege preclude any further exercise thereof or the exercise of any other right, power, or privilege.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Termination This Agreement may be terminated at any time prior to the Closing:

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