Responsibilities of Custodian. (a) The Custodian shall maintain the custodial account, distinct from all other custodial accounts, for the exclusive benefit of the Depositor and the Depositor's beneficiaries and shall be responsible for performing only such services as are described in this Agreement.
Responsibilities of Custodian. The Custodian shall remain responsible for the data and documents delivered to it in accordance with this Agreement until the earlier of:
Responsibilities of Custodian. The Custodian does not assume and shall not have any responsibility:
Responsibilities of Custodian. The Custodian shall have sole custodial responsibility with respect to the Account including, without limitation, responsibility for the receipt, safekeeping and delivery of cash and securities, the collection of dividends and interest, and the receipt and delivery of proxies, notices of subscription rights, calls and all other communications to holders of securities in the Account, including reports of all transactions and portfolio appraisals. The parties agree that the Adviser shall have no responsibility or liability for the foregoing, and that the Client will indemnify and hold harmless the Adviser with respect to any liability, including expenses and attorney's fees, that may arise from the Custodian's acts or failures to act.
Responsibilities of Custodian. So long as and to the extent that it is in the exercise of reasonable care, the Custodian shall not be responsible for the title, validity or genuineness of any property or evidence of title thereto received by it or delivered by it pursuant to this The Custodian shall be liable for the acts or omissions of a foreign banking institution appointed pursuant to the provisions of Article 3 to the same extent as set forth in Article 1 hereof with respect to sub-custodians located in the United States (except as specifically provided in Article 3.10) and, regardless of whether assets are maintained in the custody of a foreign banking institution, a foreign securities depository or a branch of a U.S. bank as contemplated by paragraph 3.13 hereof, the Custodian shall not be liable for any loss, damage, cost, expense, liability or claim resulting from, or caused by, the direction of or authorization by the Fund to maintain custody of any securities or cash of the Fund in a foreign country including, but not limited to, losses resulting from nationalization, expropriation, currency restrictions, or acts of war or terrorism. If the Fund requires the Custodian, its affiliates, subsidiaries or agents, to advance cash or securities for any purpose (including but not limited to securities settlements, foreign exchange contracts and assumed settlement) for the benefit of a Portfolio including the purchase or sale of foreign exchange or of contracts for foreign exchange or in the event that the Custodian or its nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the performance of this Contract, except such as may arise from its or its nominee's own negligent action, negligent failure to act or willful misconduct, any property at any time held for the account of the applicable Portfolio shall be security therefor and should the Fund fail to repay the Custodian promptly, the Custodian shall be entitled to utilize available cash and to dispose of such Portfolio's assets to the extent necessary to obtain reimbursement.
Responsibilities of Custodian. So long as and to the extent that it is in the exercise of reasonable care, the Custodian shall not be responsible for the title, validity or genuineness of any property or evidence of title thereto received by it or delivered by it pursuant to this Contract and shall be held harmless in acting upon any notice, request, consent, certificate or other instrument reasonably believed by it to be genuine and to be signed by the proper party or parties, including any futures commission merchant acting pursuant to the terms of a three-party futures or options agreement. The Custodian shall be held to the exercise of reasonable care in carrying out the provisions of this Contract, but shall be kept indemnified by and shall be without liability to the Fund for any action taken or omitted by it in good faith without negligence. It shall be entitled to rely on and may act upon advice of counsel (who may be counsel for the Fund) on all matters, and shall be without liability for any action reasonably taken or omitted pursuant to such advice. The Custodian shall be liable for the acts or omissions of a foreign banking institution appointed pursuant to the provisions of Article 3 to the same extent as set forth in Article 1 hereof with respect to sub-custodians located in the United States (except as specifically provided in Article 3.9) and, regardless of whether assets are maintained in the custody of a foreign banking institution, a foreign securities depository or a branch of a U.S. bank as contemplated by paragraph 3.12 hereof, the Custodian shall not be liable for any loss, damage, cost, expense, liability or claim resulting from, or caused by, the direction of or authorization by the Fund to maintain custody of any securities or cash of the Fund in a foreign country including, but not limited to, losses resulting from nationalization, expropriation, currency restrictions, or acts of war or terrorism. If the Fund on behalf of a Portfolio requires the Custodian to take any action with respect to securities, which action involves the payment of money or which action may, in the opinion of the Custodian, result in the Custodian or its nominee assigned to the Fund or the Portfolio being liable for the payment of money or incurring liability of some other form, the Fund on behalf of the Portfolio, as a prerequisite to requiring the Custodian to take such action, shall provide indemnity to the Custodian in an amount and form satisfactory to it. If the Fund requires the ...
Responsibilities of Custodian. The Custodian does not assume and shall not have any responsibility to make any distribution except in accordance with written instructions received by the Custodian. In addition, no distribution shall be made unless and until the Custodian shall have been furnished with all certificates, signature guarantees and other documents (including proof of any legal representative's authority) that the Custodian may have requested.
Responsibilities of Custodian. 2.1 The Principal hereby delegates to Custodian the responsibilities set forth herein.
Responsibilities of Custodian. (a) The Custodian shall maintain the Custodial Account, distinct from all other Custodial Accounts, for the exclusive benefit of Depositor and Depositor's beneficiaries and shall be responsible for performing only such services as are described in the Agreement.
Responsibilities of Custodian. 5.1 Unless the Custodian has received contrary instructions from the Authorized Persons, in acting as custodian of a Fund's Portfolio Securities the Custodian shall:
