State Street Sample Clauses

State Street has given PIMCO 2 days’ notice of the amount due and of its intent to so utilize and dispose of custodied Assets; and

State Street the custodian for the Acquiring Fund, shall deliver as soon as practicable after the Closing a certificate of an authorized officer stating that: (a) the Acquired Fund's portfolio securities, cash and any other assets have been delivered in proper form to the Acquiring Fund on the Closing Date and (b) all necessary taxes, including all applicable federal and state stock transfer stamps, if any, have been paid, or provision for payment has been made, in conjunction with the delivery of portfolio securities.

State Street. In the case of State Street, the filing of the Complaint and the TRO;

State Street. Start and duration of the service relationship This service agreement shall begin on 1 April 2019. The Managing Director's periods of service since joining the company group on 1 July 2001 are recognized. This service agreement shall run for an indefinite period. It may be terminated by either party with three months' notice to the end of the following calendar quarter. § 3 - Tasks; rights and duties The Managing Director has the title "Co-Head, EMEA Global Services and EMEA Head of Global Exchange, IMS and AIS”. His duties are listed in detail in the job description enclosed as Exhibit for the position. The job description is subject to the right of the Company's shareholders to issue instructions. The rights and duties of the Managing Director are otherwise governed by the law, the Articles of Association, the rules of procedure for the management of the Company as adopted by the shareholders' meeting of the Company, as amended from time to time, this service agreement and the resolutions of the shareholders' meeting of the Company. At the request of the Company, the Managing Director will also take on supervisory board, advisory board, management and similar mandates in companies affiliated with the Company. The exercise of such mandates is compensated with the remuneration in accordance with § 5 of this service agreement. § 4 - Working time The Managing Director places his entire working capacity at the service of the Company. The parties jointly assume that the regular working hours are 37.5 hours per week. However, the Managing Director shall be obliged to perform his duties beyond the regular working hours insofar as this is necessary for the fulfillment of his duties. Any additional work shall be compensated with the remuneration in accordance with § 5 of this service agreement.

State Street. After acceptance of this proposal and commencement of review and negotiation of documents, if the transaction fails to close for reasons beyond the control of State Street, we expect the party requesting these services to pay State Street's acceptance fee, legal fees and out-of-pocket expenses. Dated: July 9, 2002

State Street. Remuneration In return for his services on the basis of this service agreement, the Managing Director receives a fixed annual gross salary of EUR 470,000.00, which is paid in 12 monthly installments on the 20th of each month. In addition, the Company can offer the Managing Director fixed remuneration in the form of a role-based allowance within the framework of the applicable statutory regulations. The role-based allowance agreed between the Managing Director and Stale Street Bank International GmbH in a letter dated 10 October 2017 will be continued by the Company. In all other respects, the payment of variable remuneration is based on the provisions of the remuneration policy of the State Street group in Germany, as amended. The Managing Director not to take any personal hedging or other countermeasures to limit or cancel the risk adjustment of the remuneration. In accordance with Section 8 of the German Remuneration Ordinance for Institutions (Institutsvergütungsverordnung – “IVV”) the Managing Director also undertakes to disclose private securities accounts upon request and hereby the Company the right to inspect his private securities accounts. § 6 - Special benefits The Managing Director receives a company car in accordance with State Street's company car policy in Germany or the comparable leasing rate in accordance with the State Street Car Policy applicable in Munich. The company car can also be used for private purposes. The Managing Director must pay tax on the non-cash benefit from the private use in accordance with German law. The use of the company car is regulated in a separate contract. The current company car agreement dated 4 January 2017 between the Managing Director and State Street Bank International GmbH in this regard is hereby transferred to the Company and continued by the Company. The Managing Director may also receive discretionary variable compensation in accordance with the State Street Corporation's plans for annual variable compensation. The Company continues the company pension scheme which is in place for the benefit of the Managing Director in the form of a direct commitment and which has been transferred from State Street Bank International GmbH to the Company by separate agreement.

State Street has given PIMCO 2 days’ notice of the amount due and of its intent to so utilize and dispose of custodied Assets; and (ii) the applicable Portfolio shall not have satisfied the obligation. During such 2 day notice period, PIMCO shall have the option to direct State Street ... regarding which and in what priority order custodied Assets are to be utilized and disposed of. “ As we discussed, several of the PIMCO portfolios have implemented trading strategies that involve voluminous intraday trading activity of securities settling via Fed Book Entry prior to available funding. This trading results in substantial intraday overdrafts in the related PIMCO accounts. The Fed allows State Street to collateralize such overdrafts by way of State Street’s assignment of its custodial lien rights. State Street believes that the Lien Limitation precludes State Street from pledging PIMCO’s assets to the Fed in order to collateralize PIMCO’s intraday overdrafts. Accordingly, State Street must currently indicate to the Fed that PIMCO’s Fed Book Entry assets are not available for pledging. As we discussed, in order to eliminate the problem described above and clarify our mutual understanding of the intent of the Lien Limitation in each of the Custody Agreements, each of the PIMCO entities listed below hereby agrees to waive the Lien Limitation with respect to PIMCO’s custodied assets solely for the purpose of allowing State Street to assign its custodial lien rights with respect to such assets to the Fed in order to allow State Street to collateralize trades through the applicable Fed Book Entry account. Please acknowledge your receipt of and agreement with this letter by signing the enclosed duplicate original and returning it to the undersigned for State Street’s contract file. If you have any questions or concerns, please call me at (000) 000-0000. Sincerely, Xxxxx Xxxx Acknowledge and Agreed: /s/ Xxxx X. Xxxxxxxx /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Title: Treasurer Title: Vice President (on its own behalf) /s/ Xxxx X. Xxxxxxxx /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Title: Treasurer Title: Vice President /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Title: Treasurer PACIFIC INVESTMENT MANAGEMENT COMPANY, LLC, as manager of PIMCO PRIVATE SERIES COMPANY LLC /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx Title: Treasurer PIMCO COMMERCIAL MORTGAGE SECURITIES TRUST, INC., dated 1/1/2000. PIMCO PRIVATE SERIES COMPANY, LLC and...

State Street. The Managing Director participates in the company accident insurance as in place from time to time. The Managing Director receives capital-forming benefits in the amount of EUR 40.00 gross per month. The employer enters into existing contracts and remits the employee's contributions. The Company grants a monthly tax-free meal allowance of EUR 46.50. This allowance is a voluntary benefit to which there is no legal entitlement, even if it is granted repeatedly. § 7 - Pledging and assignment of salary The pledging and/or assignment of the salary or parts thereof require the prior consent of the Company. The resulting costs shall be borne exclusively by the Managing Director. § 8 - Insurance and absence from work The statutory provisions shall apply with regard to health and social insurance and continued payment of salary in the event of illness. The Managing Director is obliged to inform the company immediately of his illness or any incapacity to work caused by unforeseeable events, or to have the Company informed accordingly. If an incapacity to work due to illness lasts longer than three calendar days, a doctor's certificate of incapacity to work must be submitted to the Company no later than the fourth calendar day of the incapacity to work. § 9 - Vacation regulations The Managing Director is entitled to 30 days (working days) of vacation per calendar year. Working days are all working days with the exception of Saturdays, Sundays and public holidays in the Federal Republic of Germany. Any vacation must be agreed in advance with the Company. The Managing Director may not engage in any paid employment during vacation.

State Street. SECTION 3.01 State Street hereby represents and xxxxxxxx xx Xxxxxxxx xxx xx xxx Xxxxxx xxxx Xtate Street is qualified to act as Custodian under the Custody Agreement. SECTION 3.02 State Street hereby accepts its appointment as Custodian under the Custody Agreement and accepts the rights, powers, duties and obligations of Wachovia as Custodian. SECTION 3.03 State Street hereby accepts the existing fee schedule through December 2001.

State Street as Foreign Custody Manager --------------------------------------- 3.2.1 Delegation to State Street as Foreign Custody Manager. Fund, by ----------------------------------------------------- resolution adopted by its Board, may delegate to State Street, subject to section (b) of Rule 17f-5, the responsibilities set forth in this Section 3.2 with respect to Foreign Assets held outside the United States, and State Street will, at such time accept such delegation as Foreign Custody Manager with respect to the Portfolios on the following terms and conditions.