SAFEKEEPING AND CUSTODY. As provided by the Participation Agreement and the Investment Advisor Agreement, all security transactions, including collateral for repurchase agreements and financial institution deposits, entered into on behalf of Participants may be on a cash or delivery versus payment basis as determined by the Investment Advisor. Pursuant to the Participation Agreement and the Investment Advisor Agreement, the Investment Advisor has appointed a Custodian to receive, hold for reinvestment, and clear all Investment Funds and Investment property, as a fiduciary, in accordance with the Participation Agreement.
Appears in 3 contracts
Samples: Participation Agreement, Participation Agreement, www.michiganclass.org
SAFEKEEPING AND CUSTODY. As provided by the Participation Agreement and the Investment Advisor Agreement, all security transactions, transactions including collateral for repurchase agreements and financial institution deposits, deposits entered into on behalf of Participants may be on a cash or delivery versus payment basis as determined by the Investment Advisor. Pursuant to the Participation Agreement and the Investment Advisor Agreement, the Investment Advisor has appointed a Custodian to receive, hold for reinvestment, and clear all Investment Funds investment funds and Investment investment property, as a fiduciary, in accordance with the Participation Agreement.
Appears in 3 contracts
Samples: Participation Agreement, www.michiganclass.org, www.michiganclass.org
SAFEKEEPING AND CUSTODY. As provided by the Participation Agreement and the Investment Advisor Agreement, all security transactions, transactions including collateral for repurchase agreements and financial institution deposits, deposits entered into on behalf of Participants may be on a cash or delivery versus payment basis as determined by the Investment Advisor. Pursuant to the Participation Agreement and the Investment Advisor Agreement, the Investment Advisor has appointed a Custodian to receive, hold for reinvestment, and clear all Investment Funds and Investment propertyProperty, as a fiduciary, in accordance with the Participation Agreement.
Appears in 3 contracts
Samples: Participation Agreement, Participation Agreement, Participation Agreement