Common use of Title to Investments Clause in Contracts

Title to Investments. Title to all investments shall be held by the Custodian in the name of the Company, provided that for convenience in buying, selling, and exchanging securities (bonds), title to such securities may be held in the name of the Custodian or its nominee. All cash and the indicia of ownership of all other investments, except assets credited to the Preferred Equity Account (as defined in the Credit Agreement) and associated investments, shall be held by the Custodian. Sole responsibility for physical possession and safekeeping of the Company’s assets shall rest with the Custodian. The Manager shall not be liable for any act or omission of the Custodian.

Title to Investments. Title to all investments shall be held by the Custodian in the name of the Company, provided that for convenience in buying, selling, and exchanging securities (bondsbonds and ETFs), title to such securities may be held in the name of the Custodian or its nominee. All cash and the indicia of ownership of all other investments, except assets credited to the Preferred Equity Account (as defined in the Credit Agreement) and associated investments, shall be held by the Custodian. Sole responsibility for physical possession and safekeeping of the Company’s assets shall rest with the Custodian. The Manager shall not be liable for any act or omission of the Custodian.