Successor Custodian. If a successor Custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructions, deliver to such successor Custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian all of the 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 of such Fund deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or 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 securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 3 contracts
Samples: Master Custodian Contract (Munder Series Trust), Master Custodian Contract (Munder Funds Inc), St Clair Funds Inc
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio the Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 3 contracts
Samples: Custodian Contract (Stein Roe Institutional Floating Rate Income Fund), Custodian Contract (Stein Roe Floating Rate Limited Liability Co), Custodian Contract (Stein Roe Floating Rate Income Fund)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities and other assets of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities and other assets of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 3 contracts
Samples: Custodian Contract (Worldwide Index Funds), Custodian Contract (State Street Research Institutional Funds), Custodian Contract (State Street Research Institutional Funds)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, promptly deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities and funds, as well as all books and records, of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and promptly transfer such securities, funds funds, books and records, and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. The Custodian agrees to cooperate with the successor custodian and the Fund in the execution of documents and performance of other actions necessary or desirable in order to substitute the successor custodian for the Custodian. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 3 contracts
Samples: Custodian Contract (Legg Mason Light Street Trust Inc), Custodian Contract (Legg Mason Investment Trust Inc), Custodian Contract (Legg Mason Investment Trust Inc)
Successor Custodian. If a successor Custodian custodian for one or more of the Funds or Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Certified Resolution, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that 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 any the applicable Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board Certified Resolution to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract 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 (Sunamerica Income Funds), Master Custodian Agreement (Sunamerica Money Market Funds Inc), Master Custodian Agreement (Sunamerica Equity Funds)
Successor Custodian. If a successor Custodian custodian for the Fund or one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (Longleaf Partners Funds Trust), Valiant Fund
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios a Fund shall be appointed by the applicable BoardBoard of such Fund, the Custodian shall, upon termination termination, and Proper Instructionsupon receipt of a certified copy of such vote, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio such Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund the applicable Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio such Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio such Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any a Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to above or of the applicable Board to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Master Custodian Contract (Zweig Total Return Fund Inc), Master Custodian Contract (Zweig Fund Inc /Md/)
Successor Custodian. If a successor Custodian custodian for the Fund or for one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (Alger Retirement Fund), Custodian Contract (Alger Fund)
Successor Custodian. If a successor Custodian custodian for the Fund or one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at SSC. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. System or at SSC Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Scudder Pathway Series /New/, Scudder Pathway Series /New/
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (Ssga Funds), Custodian Contract (Litman Gregory Funds Trust)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and receipt of Proper Instructions, deliver to such successor Custodian at the office of the Custodiancustodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian shall be appointeddirected by the Fund, the Custodian shallwill provide the services hereunder until a replacement custodian is in place, for a reasonable period of time not to exceed nine months, subject to the terms of this Agreement, including compensation. The Custodian will also provide reasonable assistance to its successor, for such transfer, subject to the payment of such reasonable expenses and charges as the Custodian customarily charges for such assistance. Subject to the foregoing, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodianaforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Agreement (Dimensional Investment Group Inc), Custodian Agreement (Dfa Investment Dimensions Group Inc)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or 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 securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (Tiaa Cref Life Fund), JNL Series Trust
Successor Custodian. If a successor Custodian for The Trust on behalf of one or more of the Portfolios Funds may at any time substitute another bank or trust company for the Custodian upon 30 days' written notice to the Custodian. If a successor custodian for the assets of one or more Funds shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities securities, monies and other properties of each applicable Portfolio Fund then held by it 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 Fund, and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities System. System or at the MFSC Transfer Agent and the records described in Section 11 hereof If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Certified Resolution, deliver at the office of the Custodian and transfer such securities, funds Funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts1940 Act, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds monies and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract Agreement on behalf of each applicable Portfolio Fund, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities SystemSystem or at the MFSC Transfer Agent and the records described in Section 11 hereof. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds monies and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board Certified Resolution to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds monies and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custody and Related Services Agreement (MFS Series Trust X), Related Services Agreement (MFS Series Trust XII)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian custodian shall be appointedappointed and the Fund elects to hold or maintain its assets in its own custody to the extent and in the manner provided by the 1940 Act, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of evidencing such Fund determination, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any a Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Master Custodian Contract (Russell Investment Funds), Master Custodian Contract (Russell Investment Co)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusettsthe State of Connecticut, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (Orbitex Group of Funds), Orbitex Group of Funds
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a U.S. Securities SystemSystem or at the Xxxxxxxx Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any U.S. Securities SystemSystem or at the Xxxxxxxx Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services (at a rate not greater than the rate of compensation in effect immediately prior to termination) during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (Schroder Capital Funds /Delaware/), Custodian Contract (Schroder Series Trust Ii)
Successor Custodian. If a successor Custodian custodian for one or more of the ------------------- Portfolios shall be appointed by the applicable Board, the Custodian State Street shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the CustodianState Street, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian State Street shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Certified Resolution, deliver at the office of the Custodian State Street and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian State Street on behalf of each applicable Portfolio and all instruments held by the Custodian State Street relative thereto and all other property held by it under this Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian State Street under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian State Street after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board Certified Resolution to appoint a successor Custodiancustodian, 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 securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian State Street shall remain in full force and effect.
Appears in 2 contracts
Successor Custodian. If a successor Custodian custodian for the Trust, of one or more of the Portfolios Funds shall be appointed by the applicable BoardBoard of Trustees of the Trust, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Trust, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities Systemsystem. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (Goldman Sachs MLP & Energy Renaissance Fund), Custodian Contract (Goldman Sachs MLP Income Opportunities Fund)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities securities, funds and other properties and all records of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds ftmds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (New England Funds Trust Iii), Custodian Contract (New England Funds Trust Iii)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios a Portfolio shall be appointed by the applicable Fund's Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities and other instruments of each applicable such Portfolio then held by it hereunder and hereunder, shall transfer to an account of the successor Custodian custodian all of the securities of each such 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 custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Fund's Board, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in BostonNew York, MassachusettsNew York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,00050,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable a Portfolio and all instruments held by the Custodian relative thereto and all other property held by it under this Contract Agreement on behalf of each applicable the Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such the Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or 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 securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effectAgreement.
Appears in 2 contracts
Samples: Custodian and Fund Accounting Agreement (Short Term Bond Portfolio), Custodian and Fund Accounting Agreement (Jp Morgan Funds)
Successor Custodian. Upon termination hereof Service Corp. or the Fund, as applicable, shall pay to the Bank such compensation (including reimbursement of expenses) as may be due as of the date of such termination. If a successor Custodian for one or more of the Portfolios shall be custodian is appointed by the applicable BoardBoard of Trustees of the Fund in accordance with its Declaration of Trust, the Custodian shall, Bank shall upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the CustodianBank, duly endorsed and in the form for transfer, all securities then held hereunder and all funds or other properties of each applicable Portfolio then the Fund deposited with or held by it hereunder and shall transfer to an account of the successor Custodian all of the securities of each such Portfolio held in a Securities Systemhereunder. If no such successor Custodian shall be custodian is appointed, the Custodian Bank shall, in like manner, at its office, upon receipt of a certified copy of a vote resolution of the Board shareholders pursuant to the Fund's Declaration of such Fund Trust, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote resolution of the applicable Board shareholders shall have been delivered to the Custodian Bank on or before the date when such termination shall become effective, then the Custodian Bank shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the Investment Company Act of 1940, company doing business in BostonCincinnati, MassachusettsOhio or Dayton, Ohio of its own selection, having an aggregate capital, surplus, surplus and undivided profits, as shown by its last published report, report of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Bank and all instruments held by the Custodian Bank and all instruments held by it relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian all of the securities of each such Portfolio held in any Securities SystemAgreement. Thereafter, such bank or trust company shall be the successor of the Custodian Bank under this ContractAgreement. In the event that securities, funds funds, and other properties remain in the possession of the Custodian Bank after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote above referred to to, or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian Bank shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian Bank shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Agreement (Pc&j Performance Fund), Custodian Agreement (Pc&j Preservation Fund /Oh/)
Successor Custodian. If a successor Custodian custodian for the Trust, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Trust, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Trust, deliver at the office of the Custodian and transfer such securities, funds Trusts and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds Trusts 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds Trusts and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds Trusts and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Stein Roe Institutional Trust, Stein Roe Institutional Trust
Successor Custodian. If a successor Custodian custodian for the Fund, or for one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this 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 Investment Trust), Custodian Agreement (Rs Investment Trust)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination notice of such appointment and receipt of Proper Instructions, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, as may be applicable, all securities securities, funds and other properties of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instructions, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such votetherewith. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or 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 securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.as
Appears in 2 contracts
Samples: Master Custodian Agreement (Putnam Multi-Cap Growth Fund), Master Custodian Agreement (Putnam Global Utilities Fund)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination notice of such appointment and receipt of Proper Instructions, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, as may be applicable, all securities securities, funds and other properties of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instructions, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such votetherewith. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, Massachusetts of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodianaforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract 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 (Rs Investment Trust), Master Custodian Agreement (RS Variable Products Trust)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and receipt of Proper Instructions, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the 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 of such Fund deliver System or at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteUnderlying Transfer Agent. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board Certified Resolution to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Agreement (USAA ETF Trust), Custodian Agreement (USAA ETF Trust)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,00050,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Portfolio(s) and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. 52 Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Custodian Contract (JPM Institutional Funds), Custodian Contract (JPM Pierpont Funds)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Funds shall be appointed by the applicable Board, the Custodian shall, upon termination and receipt of Proper Instructions, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities SystemSystem or at an Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instructions, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteProper Instructions. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract Agreement on behalf of each applicable Portfolio Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities SystemSystem or at an Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor CustodianInstructions, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract 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 (Transamerica Series Trust), Master Custodian Agreement (Transamerica Funds)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios a Fund shall be appointed by the applicable BoardBoard of Trustees of such Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities securities, Funds and other properties of each applicable Portfolio Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 2 contracts
Samples: Van Kampen Series Fund Inc, Van Kampen Series Fund Inc
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own won selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,00025,00,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. vote In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Agreement (Bernstein Sanford C Fund Ii Inc)
Successor Custodian. If a successor Custodian custodian for the Trust, of one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, promptly deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities and funds, as well as all books and records, of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Board, deliver at the office of the Custodian and promptly transfer such securities, funds funds, books and records, and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. The Custodian agrees to cooperate with the successor custodian and the Trust in the execution of documents and performance of other actions necessary or desirable in order to substitute the successor custodian for the Custodian. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructions, termination; (i) deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and hereunder; (ii) shall transfer to an account of the successor Custodian custodian all of the 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 9. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Certified Resolution, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board Certified Resolution to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Aim Investment Securities Funds Inc
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Enterprise Accumulation Trust
Successor Custodian. If a successor Custodian custodian for the Fund, or for one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian for one or more of the Portfolios custodian shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, and all securities other property of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the Fund's securities of each such Portfolio held in a Securities System. If this Contract is terminated and no such successor Custodian 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 Fund or upon receipt of a certified copy of a vote or resolution of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties of the Fund then held by it hereunder as specified and in accordance with such votevote or resolution. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote or resolution of the applicable Board of Trustees 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio hereunder and all instruments held by the Custodian relative thereto hereto and all other property held by it under this Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the Fund's securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid deliver to the Custodian the written order or to procure the certified copy of the vote referred to above, or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Trust, of one or more of the Portfolios Funds shall be appointed by the applicable BoardBoard of Trustees of the Trust, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Trust, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities Systemsystem. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Goldman Sachs Trust
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an any aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System and the Direct Paper System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (One Group)
Successor Custodian. 15 19 If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, as amended, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio the Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio the Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors of the Fund to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Muniholdings California Insured Fund v Inc)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy copy, of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (State Street Research Capital Trust)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of f ice of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or 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 securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Variable Investors Series Trust /Ma/
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and receipt of Proper Instructions, deliver to such successor Custodian at the office of the Custodiancustodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian shall be appointeddirected by the Fund, the Custodian shallwill provide the services hereunder until a replacement custodian is in place, for a reasonable period of time not to exceed nine months, subject to the terms of this Agreement, including compensation. The Custodian will also provide reasonable assistance to its successor, for such transfer, subject to the payment of such reasonable expenses and charges as the Custodian customarily charges for such assistance. Subject to the foregoing, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodianaforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.. --
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, or one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. , Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Oppenheimer Quest for Value Funds
Successor Custodian. If a successor Custodian for custodian of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any a Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the assets of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Trust, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Trust, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: MFS Union Standard Trust
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and receipt of Proper Instructions, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instructions, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteProper Instructions. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodianaforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Agreement (First American Investment Funds Inc)
Successor Custodian. If a successor Custodian custodian for a Trust, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees, the Custodian shall, upon termination termination, and receipt of Proper Instructions, Instructions deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at an Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instructions, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable Board shall have been Certified Resolution are not 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 Investment Company 1940 Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. Information Classification: Limited Access In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund a Trust to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Agreement (American Beacon Sound Point Enhanced Income Fund)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,00025,00,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund or one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at SSC. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at SSC. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Scudder Pathway Series /New/
Successor Custodian. If a successor Custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian for one or more of the Portfolios custodian shall be appointed by the applicable BoardBoard of Directors/Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the Fund's securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon upon-receipt of a certified copy of a vote of the Board of such Fund Directors/Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable Board of Directors/Trustee 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the Fund's securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors/Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Nicholas Applegate Fund Inc
Successor Custodian. If a successor custodian for the Custodian for with respect to the Fund or of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (RBB Fund Inc)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, shall upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
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Successor Custodian. If a successor Custodian custodian for the Trust, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Trust, the Custodian shall, shall upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Trust, deliver at the office of the Custodian and transfer such securities, funds Trusts and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds Trusts 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds Trusts and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds Trusts and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Form of Custodian Agreement (Mitchell Hutchins Portfolios)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios any Portfolio shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
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Samples: Janus Adviser Series
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Certified Resolution, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. Unless so directed by the Certified Resolution, in no event shall the Custodian deliver the securities, funds and other properties to the Fund. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Contract Agreement on behalf of each applicable Portfolio the Fund, and to transfer to an account of such successor Custodian custodian all of the Fund’s securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board Certified Resolution to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.. State Street: Limited Access
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Trust, of one or more of the Portfolios Funds shall be appointed by the applicable BoardBoard of Trustees of the Trust, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities System or the Custodian's Direct Paper System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote resolution of the Board of such Fund Trustees, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote resolution of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund the Trust to provide Proper Instructions as aforesaid or to procure the certified copy of the vote resolution referred to to, or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Harris Associates Investment Trust)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of lice of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian for one or more of the Portfolios custodian shall be appointed by the applicable BoardBoard of Directors/ Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the Fund's securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors/Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the Fund's securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors/Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Trust or one or more of the Portfolios Funds shall be appointed by the applicable BoardBoard of trustees of the Trust, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities or other assets of each applicable Portfolio Fund then held by it hereunder and its agents, or subcustodians hereunder, shall transfer to an account of the successor Custodian custodian or subcustodian all of the securities of each such Portfolio Fund held in a Securities System, and shall cause all securities held by sub-custodians to be transferred to the accounts of the successor custodian or its sub-custodians, as the successor custodian may direct. If no such successor Custodian custodian shall be he appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Trust, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract Agreement, on behalf of each applicable Portfolio Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian Custodian, or in the Custodian's account with a Securities System, after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, as amended, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds Thuds and other properties held by the Custodian on behalf of each applicable Portfolio the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio the Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio the Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors of the Fund to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Master U S High Yield Trust
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, 25,000,000 all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds funds, and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties properties~ in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of ff the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other Other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall., upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 right: to deliver to a bank or trust company, which is a "bank" as defined in the Investment Company Act of 1940, doing business in In Boston, Massachusetts, of its own selection, having an aggregate aggregate! capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000425,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Alliance Municipal Income Fund Inc)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian and Fund Accounting Agreement (LPT Variable Insurance Series Trust)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect. The Custodian agrees to cooperate with the successor custodian and the Fund in execution of documents and performance of other action necessary or desirable in order to substitute the successor custodian for the Custodian.
Appears in 1 contract
Samples: Custodian Contract (Gt Global Variable Investment Trust)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and receipt of Proper Instructions, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. FUNDS TRANSFER ADDENDUM [STATE STREET LOGO] If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instructions, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, MassachusettsMassachusetts or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodianaforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Agreement (Williams Capital Management Trust)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, of its own won selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of fice of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Flex Partners/)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own won selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,00025,00,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. 15 18 If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, as amended, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio the Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio the Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors of the Fund to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and or other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Master Trust)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and or other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Master Trust)
Successor Custodian. If a successor Custodian for one or more of the Portfolios custodian shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian all of the securities of each such Portfolio held in a Securities Systemhereunder. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian all of the securities of each such Portfolio held in any Securities SystemContract. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Hilliard Lyons Government Fund Inc)
Successor Custodian. If a successor Custodian custodian for the Fund or one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its it own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities securities, funds or other property of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, 100,000,00; all securities, funds and other Gther properties held by the Custodian on C-Jstodian of behalf of each applicable Portfolio and all ail instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the fund to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this 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 Investment Trust Ii)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Certified Resolution, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. Unless so directed by the Certified Resolution, in no event shall the Custodian deliver the securities, funds and other properties to the Fund. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in [Boston, Massachusetts], or [New York, New York], of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Contract Agreement on behalf of each applicable Portfolio the Fund, and to transfer to an account of such successor Custodian custodian all of the Fund’s securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board Certified Resolution to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.. Information Classification: Limited Access
Appears in 1 contract
Samples: Form of Custodian Agreement (Owl Rock Technology Income Corp.)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios Portfolios, shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodiancustodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, surplus and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Subcustodian Agreement (Loomis Sayles Investment Trust)
Successor Custodian. If a successor Custodian custodian for the Corporation, of one or more of the Portfolios Funds shall be appointed by the applicable BoardBoard of Directors of the Corporation, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Corporation, deliver at the office of the Custodian and transfer such securities, funds Corporations and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Corporation to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Sunamerica Strategic Investment Series Inc)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Funds shall be appointed by the applicable Board, the Custodian shall, upon termination and receipt of Proper Instructions, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities securities, funds and other properties of each applicable Portfolio Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instructions, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteProper Instructions. In the event that no written Proper Instructions designating a successor Custodian or certified copy of a vote of the applicable Board custodian 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, or New York, New York of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio Fund and all instruments held by the Custodian relative thereto and all other property of each applicable Fund then held by it under this Contract Agreement on behalf of each applicable Portfolio Fund, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodianaforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. 33 In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the tot he duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian shall be appointed by the Board of Directors of the Fund for one or more of the Fund's Portfolios or if the Contract is terminated under Section 12 hereof, and a successor Custodian shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructions, shall deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the Fund's securities of each such held in the relevant Portfolio held or Portfolios or in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable Board of Directors shall have been delivered to the Custodian on or before the date when such a 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the Fund's securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Aberdeen Global Income Fund Inc)
Successor Custodian. If a successor Custodian custodian for the Trust, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Trust, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Trust, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any Fund to provide Proper Instructions as aforesaid or the Trust to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Cigna Institutional Funds Group)
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable Board of Trustees 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian for one or more of the Portfolios custodian shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the Fund's securities of each such Portfolio held in a Securities SystemSystem or at the Xxxxx Xxx Transfer Agent. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the Fund's securities of each such Portfolio held in any Securities SystemSystem or at the Xxxxx Xxx Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Liberty Stein Roe Institutional Floating Rate Income Fund)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable BoardBoard of Trustees, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio the Fund then held by it the Custodian hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote Certified Resolution of the Board of such Fund Trustees, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote Certified Resolution of the applicable 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 Investment Company Act of 1940, as amended, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio Agreement and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio the Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote Certified Resolution referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities securities, funds and other properties of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities SystemSystem or at the Underlying Transfer Agent. If directed by the Fund, the Custodian will provide the services hereunder until a replacement custodian is in place, for a reasonable period of time not to exceed nine months, subject to the terms of this Agreement, including compensation. The Custodian will also provide reasonable assistance to its successor, for such transfer, subject to the payment of such reasonable expenses and charges as the Custodian customarily charges for such assistance. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instruction, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteProper Instruction. In the event that no Proper Instructions Instruction designating a successor Custodian custodian or certified copy of a vote of the applicable Board alternative arrnagments 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Contract Agreement on behalf of each applicable Portfolio the Fund, and to transfer to an account of such successor Custodian custodian all of the Fund’s securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodianaforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios Fund shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio the Fund then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio the Fund held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian on behalf of each applicable Portfolio the Fund and all instruments held by the Custodian relative thereto and all other property held by it under this Contract on behalf of each applicable Portfolio the Fund and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio the Fund held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: First Global Equity Portfolio
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and receipt of Proper Instructions, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Proper Instructions, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board to appoint a successor Custodianaforesaid, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios shall be appointed by the applicable Board, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities SystemSystem or at the Underlying Transfer Agent. The Custodian shall also provide to the successor custodian a Fund’s records (as described in Section 10 of this Agreement) as reasonably requested by the Fund. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Certified Resolution, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such voteresolution. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 19401940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract Agreement on behalf of each applicable Portfolio Portfolio, and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities SystemSystem or at the Underlying Transfer Agent. Thereafter, such bank or trust company shall be the successor of the Custodian under this ContractAgreement. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board Certified Resolution to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Agreement (Legg Mason Global Asset Management Trust)
Successor Custodian. If a successor Custodian custodian for the Fund or one or more of the Portfolios shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian Successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Lutheran Brotherhood Family of Funds
Successor Custodian. If a successor Custodian custodian for the Fund, or for one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian for one or more of the Portfolios custodian shall be appointed by the applicable BoardBoard of Directors/Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the Fund's securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors/Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio Fund's Securities held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors/Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Prudential California Municipal Fund)
Successor Custodian. If a successor Custodian custodian for one or more of the Portfolios any Portfolio shall be appointed by the applicable BoardBoard of Trustees of the Fund, the Custodian custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Trustees of the fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Janus Aspen Series
Successor Custodian. If a successor Custodian custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian Successor custodian or certified copy of a vote of the applicable Board of Directors shall have been delivered to the Custodian on or before the date when such termination shall become effective, then Men the Custodian shall have the right to deliver to a bank or trust company, which is a "bank" as defined in the Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Alliance Variable Products Series Fund Inc)
Successor Custodian. If a successor Custodian for the Fund, of one or more of the Portfolios shall be appointed by the applicable BoardBoard of Directors of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian at the office of the Custodian, duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian all of the 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 of such Fund Directors of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian all of the securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable 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 securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Successor Custodian. If a successor Custodian for one or more of the Portfolios custodian shall be appointed by the applicable BoardBoard of Directors/ Trustees of the Fund, the Custodian shall, upon termination and Proper Instructionstermination, deliver to such successor Custodian custodian at the office of the Custodian, ; duly endorsed and in the form for transfer, all securities of each applicable Portfolio then held by it hereunder and shall transfer to an account of the successor Custodian custodian all of the Fund's securities of each such Portfolio held in a Securities System. If no such successor Custodian custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a certified copy of a vote of the Board of such Fund Directors/Trustees of the Fund, deliver at the office of the Custodian and transfer such securities, funds and other properties in accordance with such vote. In the event that no Proper Instructions written order designating a successor Custodian custodian or certified copy of a vote of the applicable 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 Investment Company Act of 1940, doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all 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 Contract on behalf of each applicable Portfolio and to transfer to an account of such successor Custodian custodian all of the Fund's securities of each such Portfolio held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Contract. In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure of any the Fund to provide Proper Instructions as aforesaid or to procure the certified copy of the vote referred to or of the applicable Board of Directors/Trustees to appoint a successor Custodiancustodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other properties and the provisions of this Contract relating to the duties and obligations of the Custodian shall remain in full force and effect.
Appears in 1 contract
Samples: Custodian Contract (Prudential Municipal Series Fund)
