Common use of Successor Custodian Clause in Contracts

Successor Custodian. If a successor custodian shall be appointed by the Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices of the Custodian, duly endorsed and in the form for transfer, all investments and other properties then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property held by the Custodian under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such property, and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 115 contracts

Samples: Custodian Agreement (T. Rowe Price State Tax-Free Funds, Inc.), Custodian Agreement (T. Rowe Price Index Trust, Inc.), Custodian Agreement (T. Rowe Price Real Assets Fund, Inc.)

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Successor Custodian. If a successor custodian for one or more Portfolios shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Portfolio, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the any Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 79 contracts

Samples: Master Custodian Agreement (India Fund, Inc.), Master Custodian Agreement (Abrdn Total Dynamic Dividend Fund), Master Custodian Agreement (X-Square Series Trust)

Successor Custodian. If a successor custodian for the Fund, of one or more of the Portfolios shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 64 contracts

Samples: Custodian Contract (Neuberger Berman Advisers Management Trust), Custodian Contract (Tiaa Cref Mutual Fund), Custodian Contract (Mitchell Hutchins Securities Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 55 contracts

Samples: Custodian Contract (Babson David L Growth Fund Inc), Global Custody Agreement (Hartford Stock Fund Inc /Ct/), Global Custody Agreement (Hartford Bond Fund Inc /Ct/)

Successor Custodian. If a successor custodian for a Fund shall be appointed by the BoardBoard of such Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Fund held in a U.S or Foreign Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote resolution of the Board, certified by the secretary or an assistant secretary Board of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote resolution of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Fund and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Fund held in any U.S. or Foreign Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof with respect to a Fund owing to failure of the Fund to procure the certified copy of the vote resolution referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 50 contracts

Samples: Custodian Contract (Morgan Stanley Institutional Fund Inc), Custodian Contract (Morgan Stanley Institutional Fund Inc), Custodian Contract (Morgan Stanley Institutional Fund Inc)

Successor Custodian. If a successor custodian for one or more Portfolios shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundCertified Resolution, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Certified Resolution shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Portfolio, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the any Fund to procure the certified copy of the vote referred to or of the Board Certified Resolution to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 37 contracts

Samples: Master Custodian Agreement (DWS Technology Fund), Master Custodian Agreement (Arbitrage Funds), Master Custodian Agreement (DWS Balanced Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Fund, the Custodian shall, upon termination, deliver cause to be delivered to such successor custodian at the offices of the Custodiancustodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties then held by it hereunder, the Sub-Custodians and shall all instruments held by the Sub-Custodians relative thereto and cause the transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a any Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable Fund, deliver cause to be delivered at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in meets the requirements of the 1940 ActAct and the rules and regulations thereunder, doing business in Bostonsuch securities, Massachusetts, or New York, New York, of its own selection funds and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property held by the Custodian under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterother properties. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains such securities, funds and other properties remain in the possession of the Custodian or any Sub-Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains Sub-Custodians retain possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 31 contracts

Samples: Custodian Agreement (Putnam Classic Equity Fund), Exhibit 1 (Putnam Preferred Income Fund), Custodian Agreement (Putnam Diversified Income Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors/Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors/Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors/Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors/Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 31 contracts

Samples: Custodian Contract (Prudential High Yield Total Return Fund Inc), Custodian Contract (Prudential Multi Sector Fund Inc), Custodian Contract (Prudential Mid Cap Value Fund)

Successor Custodian. If a successor custodian for one or more Portfolios shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundCertified Resolution, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Certified Resolution shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Portfolio, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the any Fund to procure the certified copy of the vote referred to or of the Board Certified Resolution to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 31 contracts

Samples: Master Custodian Agreement (DWS Multi-Market Income Trust), Master Custodian Agreement (Scudder Variable Series Ii), Master Custodian Agreement (Bt Pyramid Mutual Funds)

Successor Custodian. If a successor custodian shall be appointed by the Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices of the Custodian, duly endorsed and in the form for transfer, all investments and other properties then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s Fund`s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property held by the Custodian under this Agreement and to transfer to an account of such successor custodian all of the Fund’s Fund`s investments held in any Securities System; thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such property, and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 30 contracts

Samples: Custodian Agreement (T. Rowe Price Institutional International Funds, Inc.), Custodian Agreement (T. Rowe Price Inflation Focused Bond Fund, Inc.), Custodian Agreement (T. Rowe Price Institutional International Funds, Inc.)

Successor Custodian. If a successor custodian for the Fund, of one or more of the Portfolios shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 25 contracts

Samples: Custodian Contract (Davis International Series Inc), Custodian Contract (Hartford Series Fund Inc), Custodian Contract (Hartford Mutual Funds Inc/Ct)

Successor Custodian. If a successor custodian shall be appointed by the Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices of the Custodian, duly endorsed and in the form for transfer, all investments and other properties then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s 's investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property held by the Custodian under this Agreement and to transfer to an account of such successor custodian all of the Fund’s 's investments held in any Securities System; thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such property, and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 24 contracts

Samples: Custodian Agreement (Price T Rowe Diversified Small Cap Growth Fund Inc), Custodian Agreement (T Rowe Price Global Technology Fund Inc), Custodian Agreement (T Rowe Price Global Technology Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees, the Custodian shall, upon termination, deliver to such successor custodian at the offices of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of the applicable FundTrustees, deliver at the offices of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Investment Company Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 19 contracts

Samples: Custodian Contract (Investors Cash Trust), Custodian Contract (Scudder Value Series Inc), Custodian Contract (Kemper High Yield Series)

Successor Custodian. If a successor custodian for a Fund shall be appointed by the BoardBoard of such Fund, the Custodian shall, upon termination, and upon receipt of a certified copy of such vote, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of such Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of such Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New YorkInvestment Company Act of 1940, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of such Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of such Fund and to transfer to an account of such successor custodian all of the Fund’s investments securities of such Fund held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the a Fund to procure the certified copy of the vote referred to above or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 18 contracts

Samples: Master Custodian Contract (Phoenix Duff & Phelps Institutional Mutual Funds), Master Custodian Contract (Phoenix Multi Sector Short Term Bond Fund), Master Custodian Contract (Phoenix Seneca Funds)

Successor Custodian. If a successor custodian for one or more Funds or Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination, termination with respect to the applicable Fund: (i) deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, and shall ; (ii) transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System; and (iii) transfer to the successor custodian all records created and maintained by the Custodian with respect to each such Portfolio pursuant to Section 10. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the applicable Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the applicable Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof with respect to any Fund owing to failure of the such Fund to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 17 contracts

Samples: Master Custodian Contract (Aim Variable Insurance Funds (Invesco Variable Insurance Funds)), Master Custodian Contract (Aim Counselor Series Trust (Invesco Counselor Series Trust)), Master Custodian Contract (Invesco High Income 2024 Target Term Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees, the Custodian shall, upon termination, deliver to such successor custodian at the offices of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of the applicable FundTrustees, deliver at the offices of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Investment Company Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of the Fund and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Fund held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 16 contracts

Samples: Custodian Contract (Kemper Total Return Fund), Custodian Contract (Kemper U S Government Securities Fund), Custodian Contract (Kemper Technology Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 15 contracts

Samples: Custody Agreement (Spectra Fund Inc), Custodian Contract (Blackrock New York Municipal Income Trust), Custodian Contract (Blackrock 2012 Term Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian Chase shall, upon termination, deliver to such successor custodian at the offices office of the Custodiancustodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities Depository or Book Entry System. If no such successor custodian shall be appointed, the Custodian Chase shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian Chase on or before the date when such termination shall become be come effective, then the Custodian Chase shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all securities, funds and other properties held by Chase and all instruments held by Chase relative thereto and all other property held by the Custodian it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities Depository or Book Entry System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian Chase after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, Chase's sole obligation to the Custodian Fund shall be to safekeep the Fund's assets until they are transferred as directed by the Fund and Chase shall be entitled to fair compensation for its services during such period as the Custodian Chase retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian Chase's rights shall remain in full force and effect.

Appears in 13 contracts

Samples: Exchange Traded Fund Custody Agreement (Nuveen Massachusetts Dividend Advantage Municipal Fund), Exchange Traded Fund Custody Agreement (Nuveen Dividend Advantage Municipal Fund), Exchange Traded Fund Custody Agreement (Nuveen Connecticut Dividend Advantage Municipal Fund)

Successor Custodian. If a successor custodian for a Fund shall be appointed by the BoardBoard of Trustees of such Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties of each applicable Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Fund and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Fund held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 11 contracts

Samples: Custodian Contract (Van Kampen Trust for Investment Grade New Jersey Municipals), Custodian Contract (Van Kampen Trust for Investment Grade Florida Municipals), Custodian Contract (Van Kampen Dynamic Credit Opportunities Fund)

Successor Custodian. If a successor custodian for the Fund shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors of the Fund shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, as amended, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of the Fund and to transfer to an account of such successor custodian all of the Fund’s investments securities of each the Fund held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors of the Fund to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 10 contracts

Samples: Custodian Contract (Muniholdings Michigan Insured Fund Ii Inc), Exhibit 99 (Merrill Lynch Corporate High Yield Fund Inc), Custodian Contract (Government Securities Delaware LLC)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments " securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New YorkInvestment Company Act of 1940, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of or not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, Funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 9 contracts

Samples: Custodian Contract (Advantus Cornerstone Fund Inc), Custodian Contract (Advantus Spectrum Fund Inc), Custodian Contract (Advantus Real Estate Securities Fund Inc)

Successor Custodian. If a successor custodian for one or more Funds or Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundCertified Resolution, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Certified Resolution shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Portfolio, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof with respect to any Portfolio owing to the failure of the applicable Fund to procure the certified copy of the vote referred to or of the Board Certified Resolution to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 8 contracts

Samples: Master Custodian Agreement (Valic Co I), Master Custodian Agreement (Aig Series Trust), Master Custodian Agreement (Sunamerica Series Trust)

Successor Custodian. If the Board shall appoint a successor custodian shall be appointed by the Boardcustodian, the Custodian Wachovia shall, upon termination, deliver to such the successor custodian at the offices office of the Custodiancustodian, duly endorsed and in the form for transfer, all investments and other properties Securities it then held by it hereunder, holds under this Agreement and shall transfer to an account of the successor custodian all of the Fund’s investments 's Securities held in a Securities Depository, Book-Entry System, Eligible Securities Depository, or Eligible Foreign Custodian. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of Fund does not deliver to Wachovia a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such the termination shall become effective, then the Custodian Wachovia shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property held by the Custodian Securities, monies, and other Property Wachovia holds and all instruments Wachovia holds relative thereto and all other Property it holds under this Agreement and to transfer to an account of such the successor custodian all of the Fund’s investments 's Securities held in any Securities Depository, Book-Entry System; thereafter, such Eligible Securities Depository, or Eligible Foreign Custodian. Thereafter, that bank or trust company shall be the successor of the Custodian Wachovia under this Agreement. In If Property of the event that any property held pursuant to this Agreement Fund remains in the possession of the Custodian Wachovia after the date of termination hereof of this Agreement owing to the Fund's failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian Wachovia shall be entitled to fair compensation for its services during such the period as the Custodian Wachovia retains possession of such property, the Property and the provisions of this Agreement relating to the duties and obligations of the Custodian Wachovia shall remain in full force and effect.

Appears in 8 contracts

Samples: Wachovia Bank National Association Fund Custody Agreement (Tortoise North American Energy Corp), Mutual Fund Custody Agreement (Tilson Investment Trust), Agreement (Tortoise North American Energy Corp)

Successor Custodian. If the Board shall appoint a successor custodian shall be appointed by the Boardcustodian, the Custodian Wachovia shall, upon termination, deliver to such the successor custodian at the offices office of the Custodiancustodian, duly endorsed and in the form for transfer, all investments and other properties Securities it then held by it hereunder, holds under this Agreement and shall transfer to an account of the successor custodian all of the Fund’s investments Securities held in a Securities Depository, Book-Entry System, Eligible Securities Depository, or Eligible Foreign Custodian. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of Fund does not deliver to Wachovia a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such the termination shall become effective, then the Custodian Wachovia shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property held by the Custodian Securities, monies, and other Property Wachovia holds and all instruments Wachovia holds relative thereto and all other Property it holds under this Agreement and to transfer to an account of such the successor custodian all of the Fund’s investments Securities held in any Securities Depository, Book-Entry System; thereafter, such Eligible Securities Depository, or Eligible Foreign Custodian. Thereafter, that bank or trust company shall be the successor of the Custodian Wachovia under this Agreement. In If Property of the event that any property held pursuant to this Agreement Fund remains in the possession of the Custodian Wachovia after the date of termination hereof of this Agreement owing to the Fund’s failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian Wachovia shall be entitled to fair compensation for its services during such the period as the Custodian Wachovia retains possession of such property, the Property and the provisions of this Agreement relating to the duties and obligations of the Custodian Wachovia shall remain in full force and effect.

Appears in 8 contracts

Samples: Mutual Fund Custody Agreement (Sei Daily Income Trust /Ma/), Mutual Fund Custody Agreement (Sei Institutional Investments Trust), Mutual Fund Custody Agreement (Sei Institutional Managed Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 8 contracts

Samples: Custodian Contract (Painewebber Olympus Fund/Ny), Custodian Contract (State Street Research Financial Trust), Custodian Contract (Painewebber Mutual Fund Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" bank as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 7 contracts

Samples: Custodian Contract (Fortress Registered Investment Trust), Custodian Contract (Gabelli Blue Chip Value Fund), Custodian Contract (Gabelli Utilities Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 7 contracts

Samples: Custodian Contract (Guardian Bond Fund Inc), Custodian Contract (Alliance Mortgage Securities Income Fund Inc), Custodian Contract (Aberdeen Asia Pacific Income Fund Inc)

Successor Custodian. If a successor custodian for a Portfolio shall be appointed by the Fund's Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities and other properties instruments of such Portfolio then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Portfolio held in a Securities SystemSystem and otherwise shall use its best efforts to assist the Fund in completing a timely transfer of its responsibilities as custodian to the successor custodian. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Fund's Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Fund's Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00050,000,000, all property securities, funds and other properties held by the Custodian on behalf of a Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any securities, funds and other property held pursuant to this Agreement remains in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Fund's Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other property and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect. 16.

Appears in 7 contracts

Samples: Custodian and Fund Accounting Agreement (Jp Morgan Institutional Funds), Custodian and Fund Accounting Agreement (Jp Morgan Series Trust), Custodian and Fund Accounting Agreement (Series Portfolio)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder for the Fund and shall transfer to an account separate accounts of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "'bank" ' as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract for the Fund and to transfer to an account separate accounts of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 7 contracts

Samples: Custodian Contract (Cathay Securities Fund Inc), Custodian Contract (ZFNB Asset Fund Inc), Custodian Contract (NBT Investment Co Inc)

Successor Custodian. If a successor custodian for the Trust, of one or more of the Portfolios shall be appointed by the BoardBoard of Trustees of the Trust, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments cash, securities and other properties any earned income associated with those securities (as received) of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable FundTrust, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Trust to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 5 contracts

Samples: Custodian Contract (Safeco Common Stock Trust), Custody Agreement (Safeco Money Market Trusts), Custodian Contract (Safeco Resource Series Trust)

Successor Custodian. If a successor custodian shall be appointed by the Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices of the Custodian, duly endorsed and in the form for transfer, all investments and other properties then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s 's investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property held by the Custodian under this Agreement and to transfer to an account of such successor custodian all of the Fund’s 's investments held in any Securities System; thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such property, and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect. SECTION 12.

Appears in 5 contracts

Samples: Custodian Agreement (Price T Rowe New America Growth Fund), Custodian Agreement (Price T Rowe Tax Efficient Balanced Fund Inc), Custodian Agreement (Institutional International Funds Inc)

Successor Custodian. If a successor custodian for one or more Portfolios shall be appointed by the Board, the Custodian State Street shall, upon termination, deliver to such successor custodian at the offices office of the CustodianState Street, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System. If no such successor custodian shall be appointed, the Custodian State Street shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundCertified Resolution, deliver at the offices office of the Custodian State Street and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Certified Resolution shall have been delivered to the Custodian State Street on or before the date when such termination shall become effective, then the Custodian State Street shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all securities, funds and other properties held by State Street on behalf of each applicable Portfolio and all instruments held by State Street relative thereto and all other property held by the Custodian it under this Agreement on behalf of each applicable Portfolio, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian State Street under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian State Street after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Certified Resolution to appoint a successor custodian, the Custodian State Street shall be entitled to fair compensation for its services during such period as the Custodian State Street retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian State Street shall remain in full force and effect.

Appears in 5 contracts

Samples: Custodian and Remote Access Agreement (Strong International Equity Funds Inc), Investment Accounting and Remote Access Agreement (Strong Municipal Funds Inc), Custodian and Remote Access Agreement (Strong Income Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing owning to failure of the Fund to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 5 contracts

Samples: Custodian Contract (CGM Trust), Custodian Agreement (CGM Capital Development Fund), Custodian Contract (CGM Trust)

Successor Custodian. If a successor custodian shall be for the Fund, or one or more of the Portfolios is appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices of the Custodiancustodian, duly endorsed and in the form for transfer, all investments Securities of each applicable Portfolio then held hereunder and all other properties then property of the applicable Portfolio(s) deposited with or held by it hereunder, hereunder and Custodian shall transfer to an account be released of the successor custodian all of the Fund’s investments held in a Securities Systemduties and obligations under this agreement. If no such successor custodian shall be appointedis appointed and this agreement is terminated pursuant to Section 17 of this agreement, the Custodian shall, in like manner, at its office, upon receipt of a copy of a vote certified resolution of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties property in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote resolution of the Board of Trustees of the Fund shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, company of its own selection and having an aggregate capital, surplus, and undivided profits, qualified to act as shown by its last published report, of not less than $100,000,000a custodian under the '40 Act, all property of applicable Portfolios held by the Custodian Custodian, under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafteragreement. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the agreement and Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession released of such property, and the provisions of this Agreement relating to the all duties and obligations of the under this agreement. Alternatively, Custodian shall remain have the right to commence as action in full force the nature of an interpleader, and effectseek to deposit the property in a court of competent jurisdiction.

Appears in 4 contracts

Samples: Custodian Agreement (Dean Family of Funds), Custodian Agreement (Dean Family of Funds), Custodian Agreement (Dean Family of Funds)

Successor Custodian. If a successor custodian shall be appointed for a Portfolio by the its Board, the Custodian State Street shall, upon terminationtermination of this Agreement and receipt of Proper Instructions, deliver to such the successor custodian at the offices office of the CustodianState Street, duly endorsed and in the form for transfer, all investments cash and all securities and other properties financial assets of the Portfolio then held by it hereunder, State Street hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities and other financial assets of the Portfolio held in a U.S. Securities SystemSystem or Foreign Securities System or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian State Street shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of State Street and transfer the cash and the securities and other financial assets of the Custodian and transfer such investments, funds and other properties Portfolio in accordance with such votethe Proper Instructions. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian State Street on or before the date when such termination shall become effective, then the Custodian State Street shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all securities, funds and other properties held by State Street hereunder and all instruments held by State Street relative thereto and all other property held by the Custodian it under this Agreement on behalf of the Trust, and to transfer to an account of such successor custodian all of the FundTrust’s investments securities held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian State Street under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian State Street after the date of termination hereof owing to failure of the Fund Trust to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian State Street shall be entitled to fair compensation for its services during such period as the Custodian State Street retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian State Street shall remain in full force and effect.

Appears in 4 contracts

Samples: Custodian Agreement (AllianzGI Artificial Intelligence & Technology Opportunities Fund), Custodian Agreement (AllianzGI Convertible & Income Fund II), Custodian Agreement (AllianzGI Convertible & Income Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 4 contracts

Samples: Custodian Contract (Scudder Tax Free Money Fund), Custodian Contract (Scudder Us Treasury Money Fund), Custodian Contract (Scudder Municipal Trust)

Successor Custodian. If a successor custodian shall be is appointed by the BoardBoard of Trustees of the Trust, the Custodian shallwill, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities and other properties assets of the Trust then held by it hereunder, and shall transfer . The Custodian will also deliver to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, copies of such books and records relating to the Trust as the Trust and Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such votemay mutually agree. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall of Trustees will have been delivered to the Custodian on or before the date when such termination shall will become effective, then the Custodian shall will have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Actcompany of its own selection, doing business in Boston, Massachusetts, the state in which either the principal place of business of the Trust or New York, New York, of its own selection the Custodian is located and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, profits of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterAgreement. Thereafter, such bank or trust company shall will be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Trust to procure the certified copy of the vote referred to to, or of the Board of Trustees to appoint a successor custodian, the Custodian shall will be entitled to fair compensation for its services during such period as the Custodian retains and retain possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall will remain in full force and effect.

Appears in 4 contracts

Samples: Investment Management Agreement (Kiewit Investment Trust), Custody Agreement (Lend Lease Funds), Custody Agreement (Kalmar Pooled Investment Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Company, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties then held by it hereunder, and shall transfer to an account of the successor custodian all each of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable FundCompany, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New YorkInvestment Company Act of 1940, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the each Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under and pursuant to this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Company to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 4 contracts

Samples: Custodian Contract (Iai Investment Funds Vi Inc), Custodian Contract (Iai Investment Funds Iii Inc), Custodian Contract (Iai Investment Funds Iii Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Fund, the Custodian shall, upon termination, deliver cause to be delivered to such successor custodian at the offices of the Custodiancustodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties then held by it hereunder, the Sub-Custodians and shall all instruments held by the Sub-Custodians relative thereto and cause the transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a any Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable Fund, deliver cause to be delivered at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in meets the requirements of the 1940 ActAct and the rules and regulations thereunder, doing business in Bostonsuch securities, Massachusetts, or New York, New York, of its own selection funds and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property held by the Custodian under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterother properties. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains such securities, funds and other properties remain in the possession of the Custodian or any Sub- Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains Sub-Custodians retain possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 4 contracts

Samples: Custodian Agreement (Putnam Master Intermediate Income Trust), Sub Custodian Agreement (Putnam Tax Managed Funds Trust), Sub Custodian Agreement (Putnam New York Tax Exempt Money Market Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Managers, the Custodian shall, upon terminationthe termination of this Contract and at the cost of the Fund, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such voteSystems. In the event that no written order designating a successor custodian or certified copy of a vote resolution of the Board of Managers shall have been delivered to the Custodian on or before the date when such any termination of this Contract shall become effective, then the Custodian shall have the right to deliver at the cost of the Fund to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Fund held in any Securities System; thereafterSystems. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract, and the Custodian shall have no further liability hereunder, except as otherwise specifically provided by this Contract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote resolution referred to or of the Board of Managers to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect. If while this Contract is in force the Fund shall be liquidated pursuant to law, the Custodian shall distribute, either in cash or (if the Fund so orders) in the portfolio securities and other assets of the Fund, pro rata among the holders of Interests of the Fund as certified by the Fund, the property of the Fund which remains after paying or satisfying all expenses and liabilities of the Fund.

Appears in 3 contracts

Samples: Custodian Contract (Excelsior Hedge Fund of Funds I LLC), Custodian Contract (Excelsior Low Volatility Hedge Fund of Funds Master Fund LLC), Custodian Contract (Excelsior Low Volatility Hedge Fund of Funds LLC)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments Portfolio's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments Portfolio's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 3 contracts

Samples: Custodian Contract (Cigna Variable Products Group), Custodian Contract (Cigna Variable Products Group), Custodian Contract (Cigna Funds Group)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, as amended, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 3 contracts

Samples: Custodian Contract (Scudder Gnma Fund), Custodian Contract (Scudder Variable Life Investment Fund/Ma/), Custodian Contract (Scudder Portfolio Trust/)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, as amended, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination term- ination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 3 contracts

Samples: Custodian Contract (Scudder State Tax Free Trust), Custodian Contract (Scudder California Tax Free Trust), Custodian Contract (Scudder Tax Free Trust)

Successor Custodian. If a successor custodian for one or more Funds shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination with respect to the applicable Fund, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundCertified Resolution, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Certified Resolution shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Fund, and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Fund held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof with respect to any Fund owing to failure of the such Fund to procure the certified copy of the vote referred to or of the Board Certified Resolution to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 3 contracts

Samples: Master Custodian Agreement (Columbia Common Stock Fund Inc), Custodian Agreement (Columbia Strategic Value Fund Inc), Custodian Agreement (Columbia Short Term Bond Fund Inc)

Successor Custodian. If the Board appoints a successor custodian shall be appointed by the Boardcustodian, the Custodian shallwill, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities and other properties assets of the Fund then held by it hereunder, and shall transfer . The Custodian will also deliver to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, copies of such books and records relating to the Fund as the Fund and Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such votemay mutually agree. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall will have been delivered to the Custodian on or before the date when such termination shall will become effective, then the Custodian shall will have the right to deliver to a bank or trust companycompany of its own selection, which that is permitted to be a "bank" as defined in custodian of the Fund's assets under the 1940 Act, doing business in Bostonall securities, Massachusetts, or New York, New York, of its own selection funds and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000, all property other properties held by the Custodian under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterAgreement. Thereafter, such bank or trust company shall will be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to to, or of the Board to appoint a successor custodian, the Custodian shall will be entitled to fair compensation for its services during such period as the Custodian retains and retain possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall will remain in full force and effect.

Appears in 3 contracts

Samples: Transfer Agency Services and Custody Services (FBR Fund for Tax Free Investors Inc), Administrative Services Agreement (FBR American Gas Index Fund Inc), Agreement for Fund (FBR Rushmore Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 3 contracts

Samples: Custodian Contract (Blackrock Limited Duration Income Trust), Custodian Contract (Blackrock Strategic Bond Trust), Custodian Contract (Blackrock Core Bond Trust)

Successor Custodian. If a successor custodian for the Fund shall be appointed by the Board, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such votealternative arrangements. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Fund, and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to Proper Instructions or of the Board alternative arrangements to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 3 contracts

Samples: Custodian Agreement (Western Asset Claymore Us Treasury Inflation Pro Sec Fund 2), Custodian Agreement (Western Asset Premier Bond Fund), Custodian Agreement (Western Asset Claymore Us Treasury Inflation Pro Secu Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Managed High Yield Plus Fund Inc), Custodian Contract (Managed High Yield Plus Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments Company's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments Company's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Company to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Stein Roe Advisor Floating Rate Advantage Fund/Ma), Custodian Contract (Liberty Stein Roe Advisor Floating Rate Advantage Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, as amended, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Scudder Mutual Funds Inc), Custodian Contract (Scudder Equity Trust)

Successor Custodian. If a successor custodian for the Account shall be appointed by the BoardCompany, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties of the Account then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments of the Account held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote an instruction of the Board, certified by the secretary or an assistant secretary of the applicable FundCompany, deliver at the offices office of the Custodian and transfer such investments, funds and other properties in accordance with such voteinstruction. In the event that no written order designating a successor custodian or certified copy of a vote an instruction of the Board Company shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, bank doing business in Boston, Massachusetts, or New York, New York, the United States (including any state) of its own selection and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00010,000,000 all investments, all property funds and other properties held by the Custodian on behalf of the Account and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments of the Account held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains investments, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Company to procure the certified copy of the vote instruction referred to or of the Board Company to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertyinvestments, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Agreement (Americo Life Inc), Custodian Agreement (Americo Life Inc)

Successor Custodian. If a successor custodian shall be is appointed with respect to a Fund by the BoardBoard of Trustees of the Trust, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities then held hereunder and all funds or other properties then of such Fund deposited with or held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be is appointed, the Custodian shall, in like manner, at its office, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Shareholders of the applicable such Fund, deliver at the offices of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Shareholders of such Fund shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is company of its own selection qualified to act as a "bank" as defined in custodian under the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00020,000,000, all property securities, funds, and other properties held by the Custodian on behalf of such Fund and all instruments held by it relative thereto and all other property held by it with respect to such Fund under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafter, Agreement. Thereafter such bank or trust company shall be the successor of the Custodian custodian with respect to such Fund under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds, and other properties remain in the possession of the Custodian after the date of termination hereof owing to the failure of the Fund trust to procure the certified copy referred to above, or to the failure of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such property, and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: ) Custodian Agreement (Marketwatch Funds), Custodian Agreement (Variable Insurance Funds)

Successor Custodian. If a successor custodian for the Partnership shall be appointed by the BoardGeneral Partner, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties of the Partnership then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments of the Partnership held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote instruction of the Board, certified by the secretary or an assistant secretary of the applicable FundGeneral Partner, deliver at the offices office of the Custodian and transfer Partnership such investments, funds and other properties in accordance with such voteinstruction. In the event that no written order designating a successor custodian or certified copy of a vote an instruction of the Board General Partner shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, bank doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000U.S.$1.0 billion, all property investments, funds and other properties held by the Custodian on behalf of the Partnership and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Partnership and to transfer to an account of such successor custodian all of the Fund’s investments of the Partnership held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains investments, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Partnership or General Partner to procure the certified copy of the vote instruction referred to or of the Board Partnership or General Partner to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertyinvestments, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Agreement (Morgan Stanley Institutional Fund of Hedge Funds Lp), Custodian Agreement (Morgan Stanley Institutional Fund of Hedge Funds Lp)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, all securities duly endorsed and in the form for transfer, all investments and other properties property then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If this Contract is terminated and no such successor custodian shall be appointed, the Custodian shall, in like manner, as directed by vote of the holders of a majority of the outstanding shares of the stock of the Corporation or upon receipt of a certified copy of a vote or resolution of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties of the Fund then held by it hereunder and in accordance with such votevote or resolution. In the event that no written order designating a successor custodian or certified copy of a vote of the Fund's Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties of the Fund remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure deliver to the Custodian the written order or certified copy of the vote referred to above, or of the Fund's Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Legg Mason Special Investment Trust Inc), Custodian Contract (Legg Mason Total Return Trust Inc)

Successor Custodian. If a successor custodian for the Fund shall be appointed by the Board, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Fund, and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Fund held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Agreement (AB Private Credit Investors Corp), Custodian Agreement (Evergreen Diversified Income Opportunties Fund)

Successor Custodian. If a successor custodian for the Company shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Company then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each the Company held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Company and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Company, and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Company held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Company to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Master Custodian Agreement (TCG BDC II, Inc.), Custodian Agreement (TCG Bdc, Inc.)

Successor Custodian. If a successor custodian for the Fund, of one or more of the Portfolios shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities and other properties assets of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities and other assets of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (American General Series Portfolio Co 3), Custodian Contract (American General Series Portfolio Co 3)

Successor Custodian. If a successor custodian for the Fund shall be appointed by the BoardSponsor, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a U.S. Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instruction, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteProper Instruction. In the event that no written order Proper Instruction designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to (i) the applicable Fund, or (ii) a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000selection, all property securities, funds and other properties held by the Custodian hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Fund, and to transfer to an account of such successor custodian all of the Fund’s investments securities held in any U.S. Securities System; thereafter. The Custodian shall have no liability for any such delivery. Thereafter, in the case of clause (ii) above, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Domestic Custodian Agreement (AccuShares Commodities Trust I), Form of Domestic Custodian Agreement (AccuShares Commodities Trust I)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Trust, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments Trust's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable FundTrust, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments Trust's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Trust to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Nuveen Flagship Multistate Trust I), Custodian Contract (Nuveen Flagship Multistate Trust Iv)

Successor Custodian. If In the event Party A elects to substitute another bank or trust company for the Custodian with respect to an Account, and if a successor custodian for such Account shall be appointed by the applicable Board, the Custodian shall, upon terminationnotice of such appointment and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties of such Account then held by it hereunder, under the applicable Agreement and shall transfer to an account of the successor custodian all of the Fund’s investments securities of such Account held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary System or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investmentsUnderlying Transfer Agent, funds and other properties in accordance with such voteif applicable. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such substitution, or on the date on which the termination of this Contract, as the case may be, shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the applicable Account and all related instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of the applicable Account, and to transfer to an account of such successor custodian all of the Fund’s investments securities of such Account held in any Securities System; thereafterSystem or at the Underlying Transfer Agent, if applicable. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Party A to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties, and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Master Custodian Agreement (Elfun Income Fund), Master Custodian Agreement (Ge Institutional Funds)

Successor Custodian. If the Board of Directors or Trustees shall appoint a successor custodian shall be appointed by the Boardcustodian, the Custodian Wachovia shall, upon termination, deliver to such the successor custodian at the offices office of the Custodiancustodian, duly endorsed and in the form for transfer, all investments and other properties Securities it then held by it hereunder, holds under this Agreement and shall transfer to an account of the successor custodian all of the Fund’s investments 's Securities held in a Securities Depository or Book-Entry System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of Fund does not deliver to Wachovia a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian of Trustees on or before the date when such the termination shall become effective, then the Custodian Wachovia shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property held by the Custodian Securities, monies, and other Property Wachovia holds and all instruments Wachovia holds relative thereto and all other Property it holds under this Agreement and to transfer to an account of such the successor custodian all of the Fund’s investments 's Securities held in any Securities Depository or Book-Entry System; thereafter. Thereafter, such that bank or trust company shall be the successor of the Custodian Wachovia under this Agreement. In If Property of the event that any property held pursuant to this Agreement Fund remains in the possession of the Custodian Wachovia after the date of termination hereof of this Agreement owing to the Fund's failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors or Trustees to appoint a successor custodian, the Custodian Wachovia shall be entitled to fair compensation for its services during such the period as the Custodian Wachovia retains possession of such property, the Property and the provisions of this Agreement relating to the duties and obligations of the Custodian Wachovia shall remain in full force and effect.

Appears in 2 contracts

Samples: Custody Agreement (Agilex Funds), Madison Harbor Balanced Strategies Inc

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Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (RS Variable Products Trust), Custodian Contract (RS Variable Products Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Trust, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable FundTrust, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund Trust to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Agreement (Freedom Mutual Fund), Custodian Agreement (Freedom Group of Tax Exempt Funds)

Successor Custodian. If a successor custodian for one or more Portfolios shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination of this Agreement and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order notice designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Portfolio, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the any Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Master Custodian Agreement (Parnassus Income Funds), Master Custodian Agreement (Parnassus Funds)

Successor Custodian. If a successor custodian shall be appointed by the BoardDirectors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Agreement (Painewebber Rma Tax Free Fund Inc), Custodian Agreement (Painewebber Rma Money Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentsSecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to the procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such property, securities funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Blackrock California Insured Municipal 2008 Term Trust Inc), Custodian Contract (Blackrock Insured Municipal 2008 Term Trust Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter, Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Oppenheimer Quest Global Value Fund Inc), Custodian Contract (Oppenheimer Quest Value Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors/Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors/Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors/Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Target Funds), Custodian Contract (Target Funds)

Successor Custodian. If a successor custodian for one or more Funds shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Fund, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Fund held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the any Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Master Custodian Agreement (Morgan Creek Global Equity Long/Short Institutional Fund), Master Custodian Agreement (Morgan Creek Global Equity Long/Short Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardTrustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, Investment Company Act doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,0002,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterAgreement. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Agreement (Aarp Tax Free Income Trust), Custodian Agreement (Aarp Income Trust)

Successor Custodian. If a successor custodian for a Fund, of one or more of the Portfolios shall be appointed by the BoardBoard of Trustees of a Fund, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, cash and other properties financial assets of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian or such other location as shall mutually be agreed upon by the Custodian and the applicable Fund and transfer such investmentssecurities, funds and other properties in accordance with such voteinstruction. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangement shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds or other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the a Fund to procure the certified copy of the vote referred to or of the Board provide Proper Instructions to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Custodian Contract (Sma Relationship Trust), Custodian Contract (Ubs Relationship Funds)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees, the Custodian shall, upon termination, deliver to such successor custodian at the offices of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of the applicable FundTrustees, deliver at the offices of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Investment Company Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of the Fund and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Fund held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Kemper Floating Rate Fund, Kemper Floating Rate Fund

Successor Custodian. If a successor custodian for a Fund shall be appointed by the BoardBoard of such Fund, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of such Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of such Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Fund, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Fund held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the any Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 2 contracts

Samples: Master Custodian Agreement (Ironwood Institutional Multi-Strategy Fund LLC), Master Custodian Agreement (Ironwood Multi-Strategy Fund LLC)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the FundPortfolio’s investments securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the FundPortfolio’s investments securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Funds for Institutions Series

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Nomura Pacific Basin Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" bank as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Agreement (Global Utility Fund Inc)

Successor Custodian. If a successor custodian for the Fund shall be appointed by the Board, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, funds and other properties of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instruction, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteProper Instruction. In the event that no written order Proper Instruction designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000selection, all property securities, funds and other properties held by the Custodian hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Fund, and to transfer to an account of such successor custodian all of the Fund’s investments securities held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Certified Resolution to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Agreement (Principal Exchange-Traded Funds)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank back or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Invesco Global Health Sciences Fund)

Successor Custodian. If a successor custodian for the Fund shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New Yorkthe State of Connecticut, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of the Fund and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Fund held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Orbitex Life Science & Biotechnology Fund Inc

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in BostonMilwaukee, Massachusetts, or New York, New YorkWisconsin, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,0002,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Safekeeping Agreement (Heartland Group Inc)

Successor Custodian. If a successor custodian for one or more Funds or Portfolios shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination with respect to the applicable Fund or Portfolio, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundCertified Resolution, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Certified Resolution shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Portfolio, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the me date of termination hereof with respect to any Fund or Portfolio owing to the failure of the relevant Fund to procure the certified copy of the vote referred to or of the Board Certified Resolution to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Master Custodian Agreement (Ned Davis Research Funds)

Successor Custodian. If a successor custodian shall be appointed by action of the BoardDirectors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, ; duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account all funds and other properties of the successor custodian all of the Fund’s investments Fund deposited with or held in a Securities Systemby it hereunder. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote action of the Board, certified by the secretary or an assistant secretary Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteaction. In the event that no written order designating a successor custodian or certified copy of a vote action of the Board Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank," as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New YorkInvestment Company Act of 1940, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote action referred to above or of the Board Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Fpa New Income Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardDirectors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect. 11.

Appears in 1 contract

Samples: Custodian Contract (Usaa Mutual Fund Inc)

Successor Custodian. Upon termination hereof the Fund shall pay to State Street such compensation as may be due as of the date of such termination and shall likewise reimburse State Street for its costs, expenses and disbursements incurred prior to such termination in accordance with Section 6-B of Section II hereof and such reasonable costs, expenses and disbursements as may be incurred by State Street in connection with such termination. If a successor custodian shall be is appointed by the BoardTrustees in accordance with the By-Laws, the Custodian State Street shall, upon termination, deliver to such successor custodian at the offices office of the CustodianState Street, duly endorsed and in the form for transfer, all investments securities then held hereunder and all funds or other properties then of the Fund deposited with or held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be is appointed, the Custodian State Street shall, in like mannermanner at its office, upon receipt of a certifies copy of a vote resolution of the Board, certified by shareholders pursuant to the secretary or an assistant secretary of the applicable FundBy-Laws, deliver at the offices of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote resolution of the Board shareholders shall have been delivered to the Custodian State Street on or before the date when such termination shall become effective, then the Custodian State Street shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, company doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, report of not less than $100,000,00025,000,000, all securities, funds and other properties held by State Street and all instruments held by it relative thereto and all other property held by the Custodian it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterAgreement. Thereafter, such bank or trust company shall be the successor of the Custodian State Street under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian State Street after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote above referred to , or of the Board Trustees to appoint a successor custodian, the Custodian State Street shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such property, and the provisions of this Agreement relating to the duties and obligations of the Custodian State Street shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Agreement (New England Cash Management Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardCompany, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Company then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Company held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, Act doing business in Boston, Massachusetts, or New York, New York, the United States (including any state) of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Company and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Company held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Company to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Agreement (Dividend Capital Strategic Global Realty Fund)

Successor Custodian. If a successor custodian for one or more Portfolios shall be appointed by the applicable Board, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangements shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of each applicable Portfolio, and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafterSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the any Fund to procure the certified copy of the vote referred to or of the Board to appoint a successor custodianprovide Proper Instructions as aforesaid, the Custodian shall be entitled to fair compensation based on the rates agreed to by the parties in the then-current fee schedule for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Master Custodian Agreement (Icon Funds)

Successor Custodian. If a successor custodian for a Fund, of one or more of the Portfolios shall be appointed by the BoardBoard of Trustees of a Fund, the Custodian shall, upon terminationtermination and receipt of Proper Instructions, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities, cash and other properties financial assets of each applicable Portfolio then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of each such Portfolio held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundProper Instructions, deliver at the offices office of the Custodian or such other location as shall mutually be agreed upon by the Custodian and the applicable Fund and transfer such investmentssecurities, funds and other properties in accordance with such voteinstruction. In the event that no written order Proper Instructions designating a successor custodian or certified copy of a vote of the Board alternative arrangement shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, Massachusetts or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of each applicable Portfolio and to transfer to an account of such successor custodian all of the Fund’s investments securities of each such Portfolio held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds or other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the a Fund to procure the certified copy of the vote referred to or of the Board provide Proper Instructions to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Ubs Funds)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to the procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract Between Blackrock (Blackrock Municipal Target Term Trust Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating Designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Acm Government Income Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Trustees of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Trustees shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New YorkInvestment Company Act of 1940, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,000200,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, and until a successor custodian shall be named by the Fund, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Subcustodian Agreement (Old Mutual Equity Growth Assets South Africa Fund)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Trustees, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments Trust's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt Board of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, deliver at the offices of the Custodian and transfer such investments, funds and other properties in accordance with such vote. In the event that no written order designating Trustees fails to appoint a successor custodian or certified copy of a vote of the Board shall have been delivered to the Custodian on or before the date when such termination of this Contract shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company act of 1940, doing business in BostonSan Francisco, Massachusetts, or New York, New YorkCalifornia, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments Trust's securities held in any Securities securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy Board of the vote referred to or of the Board Trustees to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: State Farm Variable Product Trust

Successor Custodian. If a successor custodian shall be appointed by the BoardDirectors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereafterContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Scudder Securities Trust)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties _________ then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote _____________________ referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Blackrock Investment Quality Municipal Trust Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions provision of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (New America High Income Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian Chase shall, upon termination, deliver to such successor custodian at the offices office of the Custodiancustodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities Depository or Book Entry System. If no such successor custodian shall be appointed, the Custodian Chase shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian Chase on or before the date when such termination shall become be come effective, then the Custodian Chase shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all securities, funds and other properties held by Chase and all instruments held by Chase relative thereto and all other property held by the Custodian it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities Depository or Book Entry System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian Chase after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, Chase's sole obligation to the Custodian Fund shall be to safekeep the Fund's assets until they are transferred as directed by the Fund and Chase shall be entitled to fair compensation for its services during such period as the Custodian Chase retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian Chase's rights shall remain in full force and effect.

Appears in 1 contract

Samples: Custody Agreement (Nuveen John Company)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust companyFund, which is a "bank" as defined in the 1940 ActInvestment Fund Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company Fund shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Davis New York Venture Fund Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments 's securities held in a Securities System. If no so such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract and to transfer to an account of such successor custodian all of the Fund’s investments 's securities held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Stewart W P & Co Growth Fund Inc

Successor Custodian. If a successor custodian for the Fund shall be appointed by the BoardBoard of Trustees, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments securities and other properties property of the Fund then held by it hereunder, the Custodian hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities, funds and other property of the Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable FundCertified Resolution, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such voteresolution. In the event that no written order designating a successor custodian or certified copy of a vote of the Board Certified Vote shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, as amended, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Fund held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board Certified Vote to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Agreement (Baupost Fund)

Successor Custodian. If a successor custodian for the Fund shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly endorsed and in the form for transfer, all investments and other properties securities of the Fund then held by it hereunder, hereunder and shall transfer to an account of the successor custodian all of the Fund’s investments securities of the Fund held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian on behalf of the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement Contract on behalf of the Fund and to transfer to an account of such successor custodian all of the Fund’s investments securities of the Fund held in any Securities System; thereafter. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Painewebber Cashfund Inc)

Successor Custodian. If a successor custodian shall be appointed by the BoardBoard of Directors of the Fund, the Custodian shall, upon termination, deliver to such successor custodian at the offices office of the Custodian, duly fully endorsed and in the form for transfer, all investments and other properties securities then held by it hereunder, and shall transfer to an account of the successor custodian all funds and other properties of the Fund’s investments held in a Securities System. If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, deliver at the offices office of the Custodian and transfer such investmentssecurities, funds funds, and other properties in accordance with such vote. In the event that no written order designating a successor custodian or certified copy of a vote of the Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the 1940 ActInvestment Company Act of 1940, doing business in Boston, Massachusetts, or New York, New York, of its own selection and selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $100,000,00025,000,000, all property securities, funds and other properties held by the Custodian and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement and to transfer to an account of such successor custodian all of the Fund’s investments held in any Securities System; thereaftercontract. Thereafter, such bank or trust company shall be the successor of the Custodian under this AgreementContract. In the event that any property held pursuant to this Agreement remains securities, funds, and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of the Fund to procure the certified copy of the vote referred to or of the Board of Directors to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such propertysecurities, funds, and other properties and the provisions of this Agreement Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.

Appears in 1 contract

Samples: Custodian Contract (Invesco Growth Fund Inc /Co/)

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