SAFEGUARDING OF FUNDS AND SECURITIES Sample Clauses

SAFEGUARDING OF FUNDS AND SECURITIES. Except as otherwise provided in this Agreement, Pershing shall be responsible for the safekeeping of all money and securities received by it pursuant to this Agreement. However, Pershing will not be responsible for any funds or securities delivered by a customer to Broker until such funds or securities are actually received by Pershing or deposited in bank accounts maintained by Pershing.
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SAFEGUARDING OF FUNDS AND SECURITIES. Except as otherwise provided in this Agreement, Clearing Agent shall be responsible for the safekeeping of all money and securities received by it pursuant to this Agreement. However, Clearing Agent will not be responsible for any funds or securities delivered by a customer to Introducing Firm until such funds or securities are actually received by Clearing Agent or deposited in bank accounts maintained by Clearing Agent. Whenever Clearing Agent has agreed to act as custodian of securities in any account, or to hold securities in “safekeeping”, Clearing Agent may hold the securities in the customer’s name (“Customer Name Securities”), or may cause such securities to be registered in the name of Clearing Agent or its nominee or in the names or nominees of any depository used by Clearing Agent. In connection with Customer Name Securities, Clearing Agent shall have no responsibility for, among other things, collecting and paying of dividends, transmitting and handling tenders or exchanges pursuant to tender offers and exchange offers, transmitting proxy materials and other shareholder communications, and handling exercises or expirations of rights and warrants or redemptions.
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SAFEGUARDING OF FUNDS AND SECURITIES. Except as otherwise provided in this Agreement, First Clearing shall be responsible for the safekeeping of all money and securities received by it pursuant to this Agreement. However, First Clearing will not be responsible for any funds or securities delivered by a customer to Broker until such funds or securities are actually received by First Clearing or deposited in bank accounts maintained by First Clearing.
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SAFEGUARDING OF FUNDS AND SECURITIES. Except as otherwise provided in this Agreement, Fortis shall be responsible for the safekeeping of all money and securities received by it pursuant to this Agreement. However, Fortis will not be responsible for any funds or securities delivered by a customer to Broker until such funds or securities are actually received by Fortis or deposited in bank accounts maintained by Fortis.
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SAFEGUARDING OF FUNDS AND SECURITIES. BNYCS shall be responsible for the safekeeping of all funds and securities received by it pursuant to this Agreement.
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SAFEGUARDING OF FUNDS AND SECURITIES. Although ConvergEx does not offer custody services in connection with this Agreement, in the event that ConvergEx comes into possession of funds or securities, it shall hold them for safekeeping, provided, however, that ConvergEx will not be responsible for any funds or securities delivered to Broker until such funds or securities are actually received by ConvergEx or deposited in a bank account maintained by ConvergEx.
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SAFEGUARDING OF FUNDS AND SECURITIES. Except as otherwise provided in this Agreement, RJO shall be responsible for the safekeeping of all money and securities received by it pursuant to this Agreement. However, RJO will not be responsible for any funds or securities delivered by a Customer to Broker until such funds or securities are actually received by RJO or deposited in qualified RJO bank accounts.
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Related to SAFEGUARDING OF FUNDS AND SECURITIES

  • Commingling of Funds So long as the Company is Servicer, any collections in respect of Contracts collected by the Company shall, prior to the deposit thereof in the Certificate Account, be held in bank accounts entitled substantially as follows: "[name of depository], as agent for U.S. Bank National Association as Trustee, other trustees, and Green Tree Financial Corporation, as their interests may appear."

  • Subcustodians and Securities Depositories Add the following language to the end of Section 3: The terms Subcustodian and securities depositories as used in this Agreement shall mean a branch of a qualified U.S. bank, an eligible foreign custodian or an eligible foreign securities depository, which are further defined as follows:

  • Safekeeping of Fund Assets The Custodian shall hold Investments delivered to it or Subcustodians for the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians; or, (b) pre-existing faults or defects in Investments that are delivered to the Custodian or its Subcustodians. The Custodian is hereby authorized to hold with itself or a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action or income event. The Custodian shall hold Investments for the account of the Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian.

  • Use of Proceeds and Letters of Credit The proceeds of the Loans will be used only for working capital and other general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support obligations of the Borrower or any Subsidiary incurred in the ordinary course of business.

  • Domestic Subcustodians and Securities Depositories The Custodian may deposit and/or maintain, either directly or through one or more agents appointed by the Custodian, Investments of the Fund in any Securities Depository in the United States, including The Depository Trust Company, provided such Depository meets applicable requirements of the Federal Reserve Bank or of the Securities and Exchange Commission. The Custodian may, at any time and from time to time, appoint any bank as defined in Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under Section 17(f) of the 1940 Act and the rules and regulations thereunder, to act on behalf of the Fund as a Subcustodian for purposes of holding Investments of the Fund in the United States.

  • Paying Agent to Hold Money and Securities in Trust Except as otherwise provided herein, not later than 10:00 a.m., New York City time, on each due date of payments in respect of any Security, the Company shall deposit with the Paying Agent a sum of money (in immediately available funds if deposited on the due date) or Common Stock sufficient to make such payments when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of Securityholders or the Trustee all money and Common Stock held by the Paying Agent for the making of payments in respect of the Securities and shall notify the Trustee of any default by the Company in making any such payment. At any time during the continuance of any such default, the Paying Agent shall, upon the written request of the Trustee, forthwith pay to the Trustee all money and Common Stock so held in trust. If the Company, a Subsidiary or an Affiliate of either of them acts as Paying Agent, it shall segregate the money and Common Stock held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money and Common Stock held by it to the Trustee and to account for any funds and Common Stock disbursed by it. Upon doing so, the Paying Agent shall have no further liability for the money or Common Stock.

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