Common use of SOLE DUTY OF CUSTODIAN Clause in Contracts

SOLE DUTY OF CUSTODIAN. Custodian's sole obligation with respect to the redemption of Shares of a Portfolio and the payment of dividends and other distributions thereon shall be its obligation set forth in Section 4.1 above, and Custodian shall not be required to make any payments to the various holders from time to time of Shares of a Portfolio nor shall Custodian be responsible for the payment or distribution by the Trust, or any agent designated in Proper Instructions given pursuant to Section 4.1 above, of any amount paid by Custodian to the account of the Trust or such agent in accordance with such Proper Instructions.

Appears in 14 contracts

Samples: Custody Agreement (Aip Alternative Strategies Funds), Custody Agreement (Blue Chip Investor Fund), Custody Agreement (Arbitrage Funds)

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SOLE DUTY OF CUSTODIAN. Custodian's sole obligation with respect to the redemption of Shares of a Portfolio the Company and the payment of dividends and other distributions thereon shall be its obligation set forth in Section 4.1 above, and Custodian shall not be required to make any payments to the various holders from time to time of Shares of a Portfolio the Company nor shall Custodian be responsible for the payment or distribution by the TrustCompany, or any agent designated in Proper Instructions given pursuant to Section 4.1 above, of any amount paid by Custodian to the account of the Trust Company or such agent in accordance with such Proper Instructions.

Appears in 7 contracts

Samples: Custody Agreement (Cornerstone Progressive Return Fund), Exhibit 9 (Eis Fund Inc), Exhibit 9 Custody Agreement (Cornerstone Strategic Value Fund Inc/ New)

SOLE DUTY OF CUSTODIAN. Custodian's sole obligation with respect to the redemption of Shares of a the Portfolio and the payment of dividends and other distributions thereon shall be its obligation set forth in Section 4.1 above, and Custodian shall not be required to make any payments to the various holders from time to time of Shares of a the Portfolio nor shall Custodian be responsible for the payment or distribution by the Trust, or any agent designated in Proper Instructions given pursuant to Section 4.1 above, of any amount paid by Custodian to the account of the Trust or such agent in accordance with such Proper Instructions.

Appears in 3 contracts

Samples: Custody Agreement (Coventry Group), Custody Agreement (JPMorgan Trust I), Custody Agreement (JPMorgan Trust I)

SOLE DUTY OF CUSTODIAN. Custodian's sole obligation with respect to the redemption of Shares of a Portfolio and the payment of dividends and other distributions thereon shall be its obligation set forth in Section 4.1 above, and Custodian shall not be required to make any payments to the various holders from time to time of Shares of a Portfolio nor shall Custodian be responsible for the payment or distribution by the TrustCompany, or any agent designated in Proper Instructions given pursuant to Section 4.1 above, of any amount paid by Custodian to the account of the Trust Company or such agent in accordance with such Proper Instructions.

Appears in 3 contracts

Samples: Custody Agreement (RBB Fund Inc), Custody Agreement (Warburg Pincus Long Short Market Neutral Fund Inc), Custody Agreement (Lipper Funds Inc)

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SOLE DUTY OF CUSTODIAN. Custodian's sole obligation with respect to ---------------------- the redemption of Shares of a Portfolio and the payment of dividends and other distributions thereon shall be its obligation set forth in Section 4.1 5.1 above, and Custodian shall not be required to make any payments to the various holders from time to time of Shares of a Portfolio nor shall Custodian be responsible for the payment or distribution by the TrustFund, or any agent designated in Proper Instructions given pursuant to Section 4.1 5.1 above, of any amount paid by Custodian to the account of the Trust Fund or such agent in accordance with such Proper Instructions.

Appears in 2 contracts

Samples: Custody Agreement (RBB Fund Inc), Custody Agreement (RBB Fund Inc)

SOLE DUTY OF CUSTODIAN. Custodian's sole obligation with respect ---------------------- to the redemption of Shares of a Portfolio and the payment of dividends and other distributions thereon shall be its obligation set forth in Section 4.1 5.1 above, and Custodian shall not be required to make any payments to the various holders from time to time of Shares of a Portfolio nor shall Custodian be responsible for the payment or distribution by the TrustFund, or any agent designated in Proper Instructions given pursuant to Section 4.1 5.1 above, of any amount paid by Custodian to the account of the Trust Fund or such agent in accordance with such Proper Instructions.

Appears in 1 contract

Samples: Custody Agreement (RBB Fund Inc)

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