Common use of Reservation of Right Clause in Contracts

Reservation of Right. Custodian shall have the right not to accept for deposit to the Custody Account any Financial Assets which are in a form or condition which Custodian, in its sole discretion, determines not to be suitable for the services Custodian provides under this Agreement. Custodian's and Fund's rights and remedies under this Agreement are in addition to, and not in limitation of, any other rights and remedies available to Custodian and Fund under applicable law.

Appears in 11 contracts

Samples: Custody Agreement (State Farm Mutual Fund Trust), Custody Agreement (State Farm Municipal Bond Fund Inc), Custody Agreement (State Farm Balanced Fund Inc)

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Reservation of Right. Custodian shall have the right not to accept for deposit to the Custody Account any Financial Assets which are in a form or condition which Custodian, in its sole discretion, determines not to be suitable for the services Custodian provides under this Agreement. Custodian's and FundTrust's rights and remedies under this Agreement are in addition to, and not in limitation of, any other rights and remedies available to Custodian and Fund Trust under applicable law.

Appears in 1 contract

Samples: Custody Agreement (State Farm Variable Product Trust)

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Reservation of Right. Custodian shall have the right not to accept for deposit to the Custody Account any Financial Assets which are in a form or condition which Custodian, in its sole discretion, determines not to be suitable for the services Custodian provides under this Agreement. Custodian's ’s and Fund's ’s rights and remedies under this Agreement are in addition to, and not in limitation of, any other rights and remedies available to Custodian and Fund under applicable law.

Appears in 1 contract

Samples: Custody Agreement (State Farm Mutual Fund Trust)

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