The Depositary Bank Sample Clauses

The Depositary Bank. The Management Company has appointed BNP Paribas Securities Services, Luxembourg Branch (the “Depositary Bank”) as depositary of the Fund’s assets under the terms of a written agreement dated 18 March 2016 (the “Depositary Agreement”) between the Management Company acting on behalf of the Fund and the Depositary Bank. BNP Paribas Securities Services Luxembourg is a branch of BNP Paribas Securities Services SCA, a wholly- owned subsidiary of BNP Paribas SA. BNP Paribas Securities Services SCA is a licensed bank incorporated in France as a Société en Commandite par Actions (partnership limited by shares) under No.000 000 000, authorised by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and supervised by the Autorité des Marchés Financiers (AMF), with its registered address at 0 xxx x’Xxxxx, 75002 Paris, acting through its Luxembourg Branch, whose office is at 00, xxxxxx X.X. Xxxxxxx, L-1855 Luxembourg, Grand Duchy of Luxembourg, and is supervised by the Commission de Surveillance du Secteur Financier (the “CSSF”). The Depositary Bank performs three types of functions, namely (i) the oversight duties (as defined in Article 34(1) of the Law), (ii) the monitoring of the cash flows of the Fund (as set out in Article 34(2) of the Law) and (iii) the safekeeping of the Fund’s assets (as set out in Article 34(3) of the Law). Under its oversight duties, the Depositary Bank is required to:
Sample 1Sample 2
AutoNDA by SimpleDocs
The Depositary Bank. BNP Paribas Securities Services, Luxembourg Branch, having its office in Luxembourg, is appointed as the Depositary Bank of the Fund’s assets. The Depositary Bank assumes the task of keeping the cash and securities that constitute the Fund’s assets for the account and in the exclusive interest of the Unit Holders. It may entrust all or part of the assets of the Fund, in particular securities traded abroad or listed on a foreign stock exchange or admitted to a clearing system, to such clearing system or to such correspondent banks, nominees, delegates or agents of the Depositary Bank as may be determined by the Depositary Bank from time to time, without any impairment to its depositary responsibilities. It fulfils the usual duties and obligations for deposits of cash and securities according to Luxembourg law. The Depositary Bank may dispose of the assets of the Fund and make payments to third parties for the account of the Fund only in accordance with these Management Rules, the Law of 17 December 2010 on Undertakings for Collective Investment, as amended from time to time (“the 2010 Law”), and the instructions of the Management Company. The Depositary Bank carries out all operations concerning the day‐to‐day administration of the Fund assets. The Depositary Bank also carries out the instructions of the Management Company, unless they conflict with the law or the Management Rules and executes, as ordered thereby, any material transactions in respect to the assets of the Fund. The Depositary Bank is in particular instructed by the Management Company to (a) pay for transferable securities purchased against delivery thereof, deliver securities sold against collection of their price, collect dividends and interest accrued on jointly owned securities, and exercise the subscription and allocation rights attached thereto; (b) deliver written confirmations to subscribers against payment of the corresponding net asset value; (c) receive and honour redemption and conversion requests at the conditions set out under Articles 10 and 11 of these Management Rules, and cancel written confirmations relating to redeemed or converted Units. The Depositary Bank must moreover ensure that (a) the sale, issue, redemption and cancellation of Units effected on behalf of the Fund or by the Management Company are carried out in accordance with the law and these Management Rules; (b) the value of the Units is calculated in accordance with the law and these Management Rules; (c) the e...
Sample 1
The Depositary Bank. Section 7.1 Appointment of Depositary Bank; Powers and Immunities.....................40 Section 7.2 Reliance by Depositary Bank...............................................41 Section 7.3 Court Orders..............................................................41 Section 7.4 Resignation or Removal....................................................41 Section 7.5 Expenses; Indemnification; Fees...........................................42
Sample 1
The Depositary Bank. Section 4.1 APPOINTMENT OF DEPOSITARY BANK, POWERS AND IMMUNITIES.................................19 Section 4.2 RELIANCE BY DEPOSITARY BANK...........................................................20 Section 4.3
Sample 1
The Depositary Bank. (i) The Depositary Bank hereby agrees to act as securities intermediary (as defined in the UCC) in respect of the Collateral Accounts established with the Depositary Bank under this Agreement. The Borrower hereby acknowledges that the Depositary Bank shall act as securities intermediary in respect of the Collateral Accounts under this Agreement. The Collateral Agent may, with the consent of the Borrower (which consent shall not be unreasonably withheld), select another financial institution to act as Depositary Bank under this Agreement, subject to the written agreement of the replacement Depositary Bank to be bound by the terms and conditions of this Agreement.
Sample 1
The Depositary Bank 
Sample 1Sample 2Sample 3See All (6)

Related to The Depositary Bank

  • The Depositary The Company will cooperate with the Initial Purchasers and use its best efforts to permit the Securities to be eligible for clearance and settlement through the facilities of the Depositary.

  • Securities Intermediary The Securities Intermediary, in acting under this Indenture, is entitled to all rights, benefits, protections, immunities and indemnities accorded The Bank of New York Mellon Trust Company, N.A., a national banking association, in its capacity as Indenture Trustee under this Indenture.

  • Depository Bank With respect to any Deposit Accounts, (i) maintain the Deposit Accounts at the banks (a “Depository Bank”) described on Annex B-1 or such additional depository banks as described in the notices given pursuant to clause (iv) of this Section 6(q) as have complied with item (iv) hereof, (ii) upon request of the Secured Party, deliver to each depository bank a letter in the form of Annex C hereto with respect to Secured Party’s Rights in such Deposit Account (or on such other reasonable form as may be provided by the Depository Bank) and use commercially reasonable efforts to obtain the execution of such letter by each Depository Bank that the pledge of such Deposit Account has been recorded in the books and records of such bank and that Secured Party shall have dominion and control over such Deposit Account; (iii) upon request of the Secured Party, deliver to Secured Party all certificates or instruments, if any, now or hereafter representing or evidencing the Deposit Accounts, accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to Secured Party; and (iv) notify Secured Party upon establishing any additional Deposit Accounts and, at the request of Secured Party, use commercially reasonable efforts to obtain from such depository bank an executed letter substantially in the form of Annex C (or on such other reasonable form as may be provided by the Depository Bank) and deliver the same to Secured Party. Secured Party agrees not to exercise control over such Deposit Account unless an Event of Default shall have occurred and be continuing.

  • THE DEPOSIT AGREEMENT This American Depositary Receipt is one of an issue (herein called “Receipts”), all issued and to be issued upon the terms and conditions set forth in the Deposit Agreement dated as of __________, 2021 (herein called the “Deposit Agreement”) among the Company, the Depositary, and all Owners and Holders from time to time of American Depositary Shares issued thereunder, each of whom by accepting American Depositary Shares agrees to become a party thereto and become bound by all the terms and conditions thereof. The Deposit Agreement sets forth the rights of Owners and Holders and the rights and duties of the Depositary in respect of the Shares deposited thereunder and any and all other securities, property and cash from time to time received in respect of those Shares and held thereunder (those Shares, securities, property, and cash are herein called “Deposited Securities”). Copies of the Deposit Agreement are on file at the Depositary's Office in New York City and at the office of the Custodian. The statements made on the face and reverse of this Receipt are summaries of certain provisions of the Deposit Agreement and are qualified by and subject to the detailed provisions of the Deposit Agreement, to which reference is hereby made. Capitalized terms defined in the Deposit Agreement and not defined herein shall have the meanings set forth in the Deposit Agreement.

  • Depositary; Depositary’s Office The term “

  • Principal Depository Borrower shall maintain its principal depository and operating accounts with Bank.

  • Depositary This Agreement shall be deposited with the Secretary-General of ASEAN, who shall promptly furnish a certified copy thereof to each Member State.

  • Depository Banks The Borrowers and their Subsidiaries will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

  • THE DEPOSITARY, THE CUSTODIANS AND THE ISSUER SECTION 5.1

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!