Common use of Separate Accounts Clause in Contracts

Separate Accounts. If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

Appears in 55 contracts

Samples: Custodian Agreement (Columbia Funds Series Trust I), Custodian Agreement (TCW Strategic Income Fund Inc), Custodian Agreement (TCW Funds Inc)

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Separate Accounts. If the Fund has more than one series or portfolio, ----------------- the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

Appears in 4 contracts

Samples: Custodian Agreement (State Farm Variable Product Trust), Custodian Agreement (Flag Investors Funds Inc), Custodian Agreement (TCW Galileo Funds Inc)

Separate Accounts. If the Fund Company has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this the Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund Company shall be deemed to refer to the Fund Company acting on behalf of one or more of its series, any reference in this Agreement to any assets of the FundCompany, including, without limitation, any portfolio securities Portfolio Securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund Company shall be deemed to refer to duties and obligations with respect to such the individual series series, and any obligation or liability of the Fund Company hereunder shall be binding only with respect to such the individual series, and shall be discharged only out of the assets of such series.

Appears in 2 contracts

Samples: Custodian Agreement (Atlas Funds), Custodian Agreement (Atlas Insurance Trust)

Separate Accounts. If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities Portfolio Securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such the individual series series, and any obligation or liability of the Fund hereunder shall be binding only with respect to such the individual series, and shall be discharged only out of the assets of such series.

Appears in 2 contracts

Samples: Custodian Agreement (Palladian Trust), Custodian Agreement (Republic Funds)

Separate Accounts. If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such the individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such the individual series, and shall be discharged only out of the assets of such series.

Appears in 2 contracts

Samples: Custodian Agreement (Excelsior Funds), Custodian Agreement (Principled Equity Index Fund)

Separate Accounts. If the a Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the a Fund shall be deemed to refer to the such Fund acting on behalf of one or more of its series, ; any reference in this Agreement to any assets of the Fund, a Fund (including, without limitation, any portfolio securities and cash and earnings thereon, ) shall be deemed to refer only to assets of the applicable series, ; any duty or obligation of the Bank hereunder to the a Fund shall be deemed to refer to duties and obligations with respect to such individual series series; and any obligation or liability of the a Fund hereunder shall be binding only with respect to such individual series, series and shall be discharged only out of the assets of such series.

Appears in 1 contract

Samples: Custodian Agreement (Tiff Investment Program Inc)

Separate Accounts. If the Fund has more than one series or portfolio----------------- Portfolio, the Bank will segregate the assets of each series or portfolio Portfolio to which this Agreement relates into a separate account Account for each such series or portfolio Portfolio containing the assets of such series or portfolio Portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions Actions to be taken by the Fund shall be deemed to refer to the Fund acting Acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities Portfolio Securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

Appears in 1 contract

Samples: Custodian Agreement (Hewitt Money Market Fund)

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Separate Accounts. If the Fund has more than one series or ----------------- portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

Appears in 1 contract

Samples: Custody Agreement (TCW Convertible Securities Fund Inc)

Separate Accounts. If the Fund has more than one series or portfolio, the ----------------- Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities Portfolio Securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such the individual series series, and any obligation or liability of the Fund hereunder shall be binding only with respect to such the individual series, and shall be discharged only out of the assets of such series.

Appears in 1 contract

Samples: Custodian Agreement (M Fund Inc)

Separate Accounts. If the Fund has more than one series or portfolio, ------------------ the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

Appears in 1 contract

Samples: Custodian Agreement (MML Series Investment Fund)

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