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Common use of Sales Clause in Contracts

Sales. Custodian shall settle sales by delivering certificates or other indicia of ownership of the Securities, and as instructed, shall receive cash for such sales. Custodian shall have no liability of any kind to any person, including Principal, if Custodian exercises due diligence and delivers such certificates or indicia of ownership and the purchaser or broker fails to effect payment.

Appears in 30 contracts

Samples: Global Custody Agreement (Atlas U.S. Tactical Income Fund), Custody Agreement, Custody Agreement (Unified Series Trust)

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Sales. Custodian shall settle sales by delivering certificates or other indicia of ownership of the Securities, and as instructed, shall receive cash for such sales. Custodian shall have no liability of any kind to any person, including Principala Fund, if Custodian exercises due diligence and delivers such certificates or indicia of ownership and the purchaser or broker fails to effect payment.

Appears in 3 contracts

Samples: Custody Agreement (WTI Fund X, Inc.), Global Custody Agreement (Venture Lending & Leasing IX, Inc.), Global Custody Agreement (Venture Lending & Leasing VIII, Inc.)

Sales. Custodian shall settle sales by delivering certificates or other indicia of ownership of the Securities, and as instructed, shall receive cash for such sales. Custodian shall have no liability of any kind to any person, including Principal, if in connection with a foreign trade Custodian exercises due diligence and delivers such certificates or indicia of ownership and the purchaser or broker fails to effect payment.

Appears in 2 contracts

Samples: Custodian Agreement (CPG JP Morgan Alternative Strategies Fund, LLC), Custodian Agreement (CPG FrontPoint MultiStrat Fund)

Sales. Custodian shall settle sales by delivering certificates or other indicia of ownership of the Securities, and as instructed, shall receive cash for such sales. Custodian shall have no liability of any kind to any person, including Principal, if Custodian exercises due diligence and delivers such certificates or indicia of ownership and the purchaser or broker fails to effect payment.payme

Appears in 1 contract

Samples: Custodian Agreement (Realty Capital Income Funds Trust)

Sales. Custodian shall settle sales by delivering certificates or other indicia of ownership of the SecuritiestheSecurities, and as instructed, shall receive cash for such sales. Custodian shall have no liability of any kind to any person, including Principal, ; if Custodian exercises due diligence and delivers such certificates or indicia of ownership and the purchaser or broker fails to effect payment.

Appears in 1 contract

Samples: Global Custody Agreement (Resource Real Estate Diversified Income Fund)

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Sales. Custodian shall settle sales by delivering certificates or other indicia of ownership of the Securities, and as instructed, shall receive cash for such sales. Custodian shall have no liability of any kind to any person, including PrincipalTrust, if Custodian exercises due diligence and delivers such certificates or indicia of ownership and the purchaser or broker fails to effect payment.

Appears in 1 contract

Samples: Custodian Agreement (Tilson Investment Trust)

Sales. Custodian shall settle sales by delivering certificates or other indicia of ownership of the Securities, and as instructed, shall receive cash for such sales. Custodian shall have no liability of any kind to any person, including Principal, if Custodian exercises due diligence and delivers such certificates or indicia of ownership and the purchaser or broker fails to effect payment._

Appears in 1 contract

Samples: Custodian Agreement (Winton Series Trust)

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