Common use of Selection of Eligible Foreign Custodian Clause in Contracts

Selection of Eligible Foreign Custodian. The Delegate shall place and maintain the Trust’s Assets with an Eligible Foreign Custodian; provided that the Delegate shall have determined that the Trust’s Assets placed with the Eligible Foreign Custodian will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering all factors relevant to the safekeeping of such assets, including without limitation: i. The Eligible Foreign Custodian’s practices, procedures, and internal controls, including, but not limited to, thephysical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; ii. Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the Trust’s Assets placed with the Eligible Foreign Custodian; iii. The Eligible Foreign Custodian’s general reputation and standing: and iv. Whether the Trust will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian’s appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.

Appears in 1 contract

Samples: Custodian Agreement (New Covenant Funds)

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Selection of Eligible Foreign Custodian. The Delegate shall place and maintain the Trust’s Fund's Assets only with an Eligible Foreign Custodians. With respect to each such Eligible Foreign Custodian; provided that , the Delegate shall have determined that the Trust’s Fund's Assets placed with the Eligible Foreign Custodian will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering all factors relevant to the safekeeping of such assets, assets including without limitation: i. (i) The Eligible Foreign Custodian’s 's practices, procedures, and internal controls, including, but not limited to, thephysical the physical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; (ii. ) Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the Trust’s Assets placed with the Eligible Foreign CustodianFund's Assets; (iii. ) The Eligible Foreign Custodian’s 's general reputation and standing: standing and, in the case of a Securities Depository, the depository's operating history and number of participants; and (iv. ) Whether the Trust Company will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian’s 's appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.

Appears in 1 contract

Samples: Custodian Agreement (Bailard Biehl & Kaiser Fund Group Inc)

Selection of Eligible Foreign Custodian. The Delegate shall place and maintain the Trust’s Assets with an Eligible Foreign Custodian; provided that the Delegate shall have determined that the Trust’s Assets placed with the Eligible Foreign Custodian will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering all factors relevant to the safekeeping of such assets, including without limitation: i. (i) The Eligible Foreign Custodian’s practices, procedures, and internal controls, including, but not limited to, thephysical the physical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; (ii. ) Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the Trust’s Assets placed with the Eligible Foreign Custodian; (iii. ) The Eligible Foreign Custodian’s general reputation and standing: and (iv. ) Whether the Trust will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian’s appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.

Appears in 1 contract

Samples: Custodian Agreement (Adviser Managed Trust)

Selection of Eligible Foreign Custodian. The Delegate shall place and maintain the Trust’s Funds' Assets only with an Eligible Foreign Custodians. With respect to each such Eligible Foreign Custodian; provided that , the Delegate shall have determined that the Trust’s Funds' Assets placed with the Eligible Foreign Custodian will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering all factors relevant to the safekeeping of such assets, assets including without limitation: i. (i) The Eligible Foreign Custodian’s 's practices, procedures, and internal controls, including, but not limited to, thephysical the physical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; (ii. ) Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the Trust’s Assets placed with the Eligible Foreign CustodianFunds' Assets; (iii. ) The Eligible Foreign Custodian’s 's general reputation and standing: standing and, in the case of a Securities Depository, the depository's operating history and number of participants; and (iv. ) Whether the Trust Company will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian’s 's appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.

Appears in 1 contract

Samples: Foreign Custody Manager Delegation Agreement (Bailard Biehl & Kaiser International Fund Group Inc)

Selection of Eligible Foreign Custodian. The Delegate shall place and maintain the Trust’s Portfolios’ Assets with an Eligible Foreign Custodian; provided that the Delegate shall have determined that the Trust’s Portfolios’ Assets placed with the Eligible Foreign Custodian will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering all factors relevant to the safekeeping of such assets, assets including without limitation: i. (i) The Eligible Foreign Custodian’s practices, procedures, and internal controls, including, but not limited to, thephysical the physical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; (ii. ) Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the Trust’s Assets placed with the Eligible Foreign CustodianPortfolios’ Assets; (iii. ) The Eligible Foreign Custodian’s general reputation and standing: standing and, in the case of a Securities Depository, the depository’s operating history and number of participants; and (iv. ) Whether the Trust Portfolios will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian’s appointment of an agent for consent to service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.

Appears in 1 contract

Samples: Foreign Custody Manager Delegation Agreement (Northwestern Mutual Series Fund Inc)

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Selection of Eligible Foreign Custodian. The Delegate shall place and maintain the TrustFund’s Assets with an Eligible Foreign Custodian; provided that the Delegate shall have determined that the TrustFund’s Assets placed with the Eligible Foreign Custodian will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering all factors relevant to the safekeeping of such assets, including without limitation: i. (i) The Eligible Foreign Custodian’s practices, procedures, and internal controls, including, but not limited to, thephysical the physical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; (ii. ) Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the TrustFund’s Assets placed with the Eligible Foreign Custodian; (iii. ) The Eligible Foreign Custodian’s general reputation and standing: ; and (iv. ) Whether the Trust Fund will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian’s appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.

Appears in 1 contract

Samples: Custodian Agreement (SEI Structured Credit Fund, LP)

Selection of Eligible Foreign Custodian. The Delegate shall place and maintain the Trust’s and each Company’s Assets with an Eligible Foreign Custodian; provided that the Delegate shall have determined that the Trust’s or Company’s Assets placed with the Eligible Foreign Custodian will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering all factors relevant to the safekeeping of such assets, including without limitation: i. The Eligible Foreign Custodian’s practices, procedures, and internal controls, including, but not limited to, thephysical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; ii. Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the Trust’s or Company’s Assets placed with the Eligible Foreign Custodian; iii. The Eligible Foreign Custodian’s general reputation and standing: and iv. Whether the Trust or a Company will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian’s appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.

Appears in 1 contract

Samples: Custodian Agreement (Sei Institutional Managed Trust)

Selection of Eligible Foreign Custodian. The Delegate Foreign Custody Manager shall place and maintain the Trust’s Fund's Foreign Assets with an Eligible Foreign Custodian; provided that the Delegate Foreign Custody Manager shall have determined that the Trust’s Fund's Foreign Assets placed with the Eligible Foreign Custodian will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering all factors relevant to the safekeeping of such assets, assets including without limitation: i. (i) The Eligible Foreign Custodian’s 's practices, procedures, and internal controls, including, but not limited to, thephysical the physical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; (ii. ) Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the Trust’s Assets placed with Fund's Foreign Assets, including, but not limited to, the adequacy of the Eligible Foreign Custodian’s capital with regard to protecting the Fund’s assets against the risk of loss due to such Eligible Foreign Custodian’s insolvency; (iii. ) The Eligible Foreign Custodian’s 's general reputation and standing: ; and (iv. ) Whether the Trust Fund will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian’s 's appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate Foreign Custody Manager shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to itit in accordance with the standard of care set forth in Section 8 of this Schedule.

Appears in 1 contract

Samples: Custodian Agreement (DWS Advisor Funds)

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