Common use of Responsibilities of the Customer Clause in Contracts

Responsibilities of the Customer. (a) The Customer agrees to provide JPMorgan with such information and documentation as JPMorgan may reasonably require in connection with the Services. (b) The Customer acknowledges that in relation to any settled securities class action it is important that only one claim is filed on the Customer’s behalf in respect of a custodial holding or securities transaction. If, in the same settled securities class action, multiple claims are submitted on the Customer’s behalf for the same custodial holding, then all such claims might be rejected by the claims administrator. Therefore, where a claim is to be submitted by JPMorgan as set out in a notification, as provided by this authorisation, no other party should submit a claim on the Customer’s behalf for the same custodial holding or securities transaction in the same settled securities class action and JPMorgan shall have no duty to check whether any other claims have been filed by any third party on the Customer’s behalf in the same settled securities class action. Subject to clause 4, JPMorgan will have no responsibility in the event that a claim is rejected on the basis that a duplicate claim has been filed by the Customer or another party. (c) Should the Customer engage a third party to make a claim on the Customer’s behalf in respect of a custodial holding or securities transaction with JPMorgan, the Customer shall be responsible for instructing JPMorgan not to file a claim on the Customer’s behalf by the deadline referred to in the relevant notification.

Appears in 3 contracts

Samples: Master Global Custody Agreement (Curian Variable Series Trust), Master Global Custody Agreement (JNL Series Trust), Settled Securities Class Action Services Addendum (JNL Strategic Income Fund LLC)

AutoNDA by SimpleDocs

Responsibilities of the Customer. (a) The Customer agrees to provide JPMorgan J.X. Xxxxxx with such information and documentation as JPMorgan J.X. Xxxxxx may reasonably require in connection with the Services. (b) The Customer acknowledges that in relation to any settled securities class action it is important that only one claim is filed on the CustomerAccount’s behalf in respect of a custodial holding or securities transaction. If, in the same settled securities class action, multiple claims are submitted on the CustomerAccount’s behalf for the same custodial holding, then all such claims might be rejected by the claims administrator. Therefore, where a claim is to be submitted by JPMorgan J.X. Xxxxxx as set out in a notification, as provided by this authorisationauthorization, no other party should submit a claim on the CustomerAccount’s behalf for the same custodial holding or securities transaction in the same settled securities class action and JPMorgan J.X. Xxxxxx shall have no duty to check whether any other claims have been filed by any third party on the CustomerAccount’s behalf in the same settled securities class action. Subject to clause Section 4, JPMorgan J.X. Xxxxxx will have no responsibility in the event that a claim is rejected on the basis that a duplicate claim has been filed by the Customer or another party. (c) Should the Customer engage a third party to make a claim on the CustomerAccount’s behalf in respect of a custodial holding or securities transaction with JPMorganJ.X. Xxxxxx, the Customer shall be responsible for instructing JPMorgan J.X. Xxxxxx not to file a claim on the CustomerAccount’s behalf by the deadline referred to in the relevant notification.

Appears in 1 contract

Samples: Domestic Custody Agreement (Tributary Funds, Inc.)

Responsibilities of the Customer. (a) The Customer agrees to provide JPMorgan with such information and documentation as JPMorgan may reasonably require in connection with the Services. (b) The Customer acknowledges that in relation to any settled securities class action it is important that only one claim is filed on the Customer’s 's behalf in respect of a custodial holding or securities transaction. If, in the same settled securities class action, multiple claims are submitted on the Customer’s 's behalf for the same custodial holding, then all such claims might be rejected by the claims administrator. Therefore, where a claim is to be submitted by JPMorgan as set out in a notification, as provided by this authorisation, no other party should submit a claim on the Customer’s 's behalf for the same custodial holding or securities transaction in the same settled securities class action and JPMorgan shall have no duty to check whether any other claims have been filed by any third party on the Customer’s 's behalf in the same settled securities class action. Subject to clause 4, JPMorgan will have no responsibility in the event that a claim is rejected on the basis that a duplicate claim has been filed by the Customer or another party. (c) Should the Customer engage a third party to make a claim on the Customer’s 's behalf in respect of a custodial holding or securities transaction with JPMorgan, the Customer shall be responsible for instructing JPMorgan not to file a claim on the Customer’s 's behalf by the deadline referred to in the relevant notification.

Appears in 1 contract

Samples: Settled Securities Class Action Services Agreement (JNL Series Trust)

AutoNDA by SimpleDocs

Responsibilities of the Customer. (a) The Customer agrees to provide JPMorgan X.X. Xxxxxx with such information and documentation as JPMorgan X.X. Xxxxxx may reasonably require in connection with the Services. (b) The Customer acknowledges that in relation to any settled securities class action it is important that only one claim is filed on the CustomerAccount’s behalf in respect of a custodial holding or securities transaction. If, in the same settled securities class action, multiple claims are submitted on the CustomerAccount’s behalf for the same custodial holding, then all such claims might be rejected by the claims administrator. Therefore, where a claim is to be submitted by JPMorgan X.X. Xxxxxx as set out in a notification, as provided by this authorisationauthorization, no other party should submit a claim on the CustomerAccount’s behalf for the same custodial holding or securities transaction in the same settled securities class action and JPMorgan X.X. Xxxxxx shall have no duty to check whether any other claims have been filed by any third party on the CustomerAccount’s behalf in the same settled securities class action. Subject to clause Section 4, JPMorgan X.X. Xxxxxx will have no responsibility in the event that a claim is rejected on the basis that a duplicate claim has been filed by the Customer or another party. (c) Should the Customer engage a third party to make a claim on the CustomerAccount’s behalf in respect of a custodial holding or securities transaction with JPMorganX.X. Xxxxxx, the Customer shall be responsible for instructing JPMorgan X.X. Xxxxxx not to file a claim on the CustomerAccount’s behalf by the deadline referred to in the relevant notification.

Appears in 1 contract

Samples: Domestic Custody Agreement (Tributary Funds, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!