Scope of Custodian’s Duties Sample Clauses

Scope of Custodian’s Duties. The Custodian shall only have the duties, which are specifically set forth in this Plan. The Custodian shall have no duty to ascertain whether contributions or distributions comply with the Plan or the Code. The Custodian shall not make any investments or dispose of any investments held in an Account, except upon the direction of the Participant or in accordance with Article VIII, Section 11(d), of the Plan. The Custodian shall not question any such directions of the Participant, review any securities or other property held in an Account, or make suggestions to the Participant with respect to the investment, retention, or disposition of any assets held in an Account. Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX Custodial Account in order to confirm the Participant’s compliance with Article VIII, Section 4(a), of this Agreement, which limits all direction of investments in the Mutual Fund Only XXX to shares issued by a domestic Regulated Investment Company.
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Scope of Custodian’s Duties. It is my obligation to ensure that any transactions effected by me comply with all applicable laws and regulations. Xxxxxx Xxxxx shall have no duty to question, investigate or ascertain whether contributions, transfers, rollovers, distributions or any other account activity comply with the Code or whether the duties of those directing the activity have been satisfied. Xxxxxx Xxxxx shall not have any duty to question my directions regarding the purchase, reinvestment, diversification, retention or sale of assets credited to my Account.
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Scope of Custodian’s Duties. The Custodian shall only have the duties which are specifically set forth in this Plan. The Custodian shall have no duty to ascertain whether contributions or distributions comply with the Plan or the Code. The Custodian shall not make any investments or dispose of any investments held in an Account, except upon the direction of the Participant or in accordance with Article VIII, Section 10(d), of the Plan. The Custodian shall not question any such directions of the Participant, review any securities or other property held in an Account, or make suggestions to the Participants with respect to the investment, retention, or disposition of any assets held in an Account.
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Scope of Custodian’s Duties. (a) The Custodian shall be under no duty whatsoever except such duties as are specifically set forth in this Plan. The Custodian shall not make any investments or dispose of any investments held for any Participant except upon the direction of the Participant or otherwise as expressly provided under this Plan. The Custodian shall have no discretion to direct investment of custodial funds or any other aspects of the business administration of the Custodial Account held for any Participant except as expressly provided under this Plan or except as provided by separate written agreement between the Custodian and the Participant. The Custodian shall be under no duty to question any direction of the Participant, to review any securities or other property held in the Participant's Custodial Account, or to make suggestions to the Participant with respect to the investment, retention or disposition of any assets held in or for the Participant's Custodial Account.
Sample 1
Scope of Custodian’s Duties. The Custodian shall only have the duties which are specifically set forth in tl1e Plan. The custodian shall have no duty to ascertain whether contributions or distributions comply with the Plan or the Code. The Custodian shall not make any investments or dispose of any property held in the Custodian Account except upon instructions on behalf of the Participant or in accordance with Section 2.11 hereof. The Custodian shall not be required to question any such instructions or review any securities or oilier property held in the Custodial Account. Without limiting the generality of the foregoing:
Sample 1
Scope of Custodian’s Duties. Custodian's duties hereunder shall continue until altered in writing by the parties hereto or until the termination of this Agreement. Custodian undertakes to perform only those duties which are expressly set forth in this Agreement and no covenant or obligation shall be implied in this Agreement against Custodian. If Collateral shall not be held or disposed of as required by the Pledge Agreement or a collateral transaction shall not be completed for any reason whatsoever (other than Custodian's failure to perform its obligations hereunder) and Custodian shall request further instructions as hereinafter provided, Custodian's duties to Pledgor and Pledgee shall be limited to accepting new instructions with respect to any transaction, holding Collateral or transferring or delivering Collateral as hereinafter provided.
Sample 1
Scope of Custodian’s Duties. It is my obligation to ensure that any transactions effected by me comply with all applicable laws and regulations. EJTC shall have no duty to question, investigate or ascertain whether contributions, transfers, rollovers, distributions or any other account activity comply with the Code or whether the duties of those directing the activity have been satisfied. EJTC shall not have any duty to question my directions regarding the purchase, reinvestment, diversification, retention or sale of assets credited to my Account.
Sample 1
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Related to Scope of Custodian’s Duties

  • Duties of Custodian WITH RESPECT TO THE BOOKS OF ACCOUNT AND CALCULATION OF NET ASSET VALUE AND NET INCOME The Custodian shall cooperate with and supply necessary information to the entity or entities appointed by the applicable Board to keep the books of account of each Portfolio and/or compute the net asset value per Share of the outstanding Shares or, if directed in writing to do so by the Fund on behalf of such Portfolio(s), shall itself keep such books of account and/or compute such net asset value per Share. If so directed, the Custodian shall also calculate daily the net income of each applicable Portfolio as described in the Prospectus and shall advise such Portfolio and the Transfer Agent daily of the total amounts of such net income and, if instructed in writing by an officer of the Fund on behalf of such Portfolio to do so, shall advise the Transfer Agent periodically of the division of such net income among its various components. Each Fund acknowledges and agrees that, with respect to investments maintained with the Underlying Transfer Agent, the Underlying Transfer Agent is the sole source of information on the number of shares of a fund held by it on behalf of a Portfolio and that the Custodian has the right to rely on holdings information furnished by the Underlying Transfer Agent to the Custodian in performing its duties under this Agreement, including, without limitation, the duties set forth in this Section 9 and in Section 10 hereof; provided, however, that the Custodian shall be obligated to reconcile information as to purchases and sales of Underlying Shares contained in trade instructions and confirmations received by the Custodian and to report promptly any discrepancies to the Underlying Transfer Agent. The calculations of the net asset value per Share and the daily income of each Portfolio shall be made at the time or times described from time to time in the Prospectus.

  • Appointment of Custodian On behalf of each of its Portfolios, each Fund hereby employs and appoints the Custodian as a custodian, subject to the terms and provisions of this Agreement. Each Fund shall deliver to the Custodian, or shall cause to be delivered to the Custodian, cash, securities and other assets owned by each of its Portfolios from time to time during the term of this Agreement and shall specify to which of its Portfolios such cash, securities and other assets are to be specifically allocated.

  • Certain Duties and Responsibilities of Trustee (a) The Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing of all Events of Default with respect to the Securities of that series that may have occurred, shall undertake to perform with respect to the Securities of such series such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.

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