Common use of Transactions in Foreign Custody Account Clause in Contracts

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 4 contracts

Samples: Custodian Contract (MFS Series Trust V), Custodian Contract (MFS Variable Insurance Trust), Custodian Contract (MFS Institutional Trust)

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Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 4 contracts

Samples: Sub Custodian Contract (Munder Funds Inc), Sub Custodian Contract (Munder Framlington Funds Trust), Sub Custodian Contract (St Clair Funds Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.7, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios of the Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 3 contracts

Samples: Custodian Contract (Global Investment Portfolio), Custodian Contract (Gt Global Variable Investment Series), Custodian Contract (Gt Global Variable Investment Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected affected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 2 contracts

Samples: Custodian Contract (G T Global Growth Series), Custodian Contract (G T Investment Funds Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided --------------------------------------- in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign securities of ------- -------- the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 2 contracts

Samples: Custodian Contract (Global Small Cap Fund Inc), Custodian Agreement (Transamerica Investors Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.88, the provision provisions of Sections 2.2 and 2.7 2.8 of this the Custodian Contract shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 2 contracts

Samples: Custodian Contract (Guardian Bond Fund Inc), Custodian Contract (Guardian Cash Fund Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided --------------------------------------- in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign ------- -------- securities of the State Street Portfolios Fund held outside the United States by foreign sub-sub- custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 2 contracts

Samples: Custodian Contract (Painewebber Index Trust), Custodian Contract (Brazos Mutual Funds)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision provisions of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 2 contracts

Samples: Custodian Contract (Alger Fund), Custodian Contract (Painewebber Pace Select Advisors Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph subsection (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (RCM Equity Funds Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph subSection (b) of this Section 3A.8, 3.8. the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-sub- custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (RCM Equity Funds Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis MUTATIS mutandis to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Orbitex Group of Fund)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.88, the provision provisions of Sections Section 2.2 and 2.7 2.8 of this the Custodian Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Franklin Mutual Series Fund Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary or established securities trading or securities processing practices and procedures in the jurisdiction jurisdication or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, Contract and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Phoenix Strategic Allocation Fund Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise --------------------------------------- provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign ------- -------- securities of the State Street Portfolios Fund held outside the United States by foreign sub-sub- custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Sub Custodian Contract (Munder Funds Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.7, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Portfolio held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street the Portfolio and delivery of securities maintained for the account of each applicable State Street the Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contracthereof, and the State Street Portfolios agree Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Emerging Markets Portfolio)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph Paragraph (b) of this Section 3A.87, the provision provisions of Sections 2.2 and 2.7 Section 3 of this Contract the Custody Agreement shall apply, mutatis mutandis equally to the foreign securities Securities of the State Street Portfolios Customer held outside the United States by foreign subForeign Sub-custodians.custodian. Updated July 1, 2016 4 (b) Notwithstanding any provision of this Contract Agreement to the contrary, settlement and payment for securities Securities received for the account of each applicable State Street Portfolio the Customer and delivery of securities Securities maintained for the account of each applicable State Street Portfolio the Customer may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign subForeign Sub-custodian may be maintained in the name of such entity's ’s nominee to the same extent as set forth in Section 2.3 3 of this ContractAgreement, and the State Street Portfolios agree Customer agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Global Custody Addendum (Commonwealth International Series Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Portfolio(s) held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Invesco Treasurers Series Funds Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph Paragraph (b) of this Section 3A.86, the provision provisions of Sections 2.2 and 2.7 Section 3 of this Contract the Custody Agreement shall apply, mutatis mutandis equally to the foreign securities Securities of the State Street Portfolios Fund held outside the United States by foreign subForeign Sub-custodianscustodian. (b) Notwithstanding any provision of this Contract Addendum to the contrary, settlement and payment for securities Securities received for the account of each applicable State Street Portfolio and delivery of securities Securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign subForeign Sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 3 of this ContractAddendum, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custody Agreement (Dean Family of Funds)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision provisions of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custody Agreement (Spectra Fund Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS, to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected affected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Aim Series Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided --------------------------------------- in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios Fund held outside the ------- -------- United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Goldman Sachs Variable Insurance Trust)

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Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.88, the provision provisions of Sections 2.2 and 2.7 2.8 of this the Custodian Contract shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any such liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (CGM Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.87, the provision of Sections 2.2 and 2.7 of this the Custodian Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Lb Series Fund Inc/)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.88, the provision provisions of Sections Section 2.2 and 2.7 2.8 of this the Custodian Contract shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio of the Fund and delivery of such securities maintained for the account of each applicable State Street Portfolio of the Fund may be effected in accordance with the customary or established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation exception of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Keystone World Bond Fund)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.7, the provision of Sections 2.2 and 2.7 2.2, 2.5, 2.6, 2.7, 2.12, 2.13, 2.14 of this Contract shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures procedure in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (RBB Fund Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided --------------------------------------- in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign securities ---------------- of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Mitchell Hutchins Securities Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided --------------------------------------- in paragraph subsection (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign ---------------- securities of the State Street Portfolios Fund held outside the United States by foreign sub-sub- custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Nvest Funds Trust Iii)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.88, the provision provisions of Sections Section 2.2 and 2.7 2.9 of this the Custodian Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this to the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor therefore (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Seven Seas Series Fund)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.88, the provision provisions of Sections 2.2 and 2.7 2.8 of this the Custodian Contract shall be deemed to apply, mutatis mutandis to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Prudential Allocation Fund)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.88, the provision provisions of Sections 2.2 and 2.7 2.8 of this the Custodian Contract shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's ’s nominee to the same extent as set forth in Section section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (RS Variable Products Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.88, the provision provisions of Sections 2.2 and 2.7 2.8 of this the Custodian Contract shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios International Portfolio held outside the United States by foreign sub-sub- custodians. (b) Notwithstanding any provision of this the Custodian Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street an International Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio an International portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-sub- custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this the Custodian Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Steinroe Variable Investment Trust)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis MUTATIS MUTANDIS to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Fpa Paramount Fund Inc)

Transactions in Foreign Custody Account. (a) Except as otherwise provided in paragraph (b) of this Section 3A.83.8, the provision provisions of Sections 2.2 and 2.7 Section 2 of this Contract to the extent relevant shall apply, mutatis mutandis to the foreign securities of the State Street Portfolios Fund held outside the United States by foreign sub-custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio and delivery of securities maintained for the account of each applicable State Street Portfolio may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

Samples: Custodian Contract (Russell Frank Investment Co)

Transactions in Foreign Custody Account. (a) Except as otherwise --------------------------------------- provided in paragraph (b) of this Section 3A.83.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign ------- -------- securities of the State Street Portfolios Fund held outside the United States by foreign sub-sub- custodians. (b) Notwithstanding any provision of this Contract to the contrary, settlement and payment for securities received for the account of each applicable State Street Portfolio the Fund and delivery of securities maintained for the account of each applicable State Street Portfolio the Fund may be effected in accordance with the customary established securities trading or securities processing practices and procedures in the jurisdiction or market in which the transaction occurs, including, without limitation, delivering securities to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) against a receipt with the expectation of receiving later payment for such securities from such purchaser or dealer. (c) Securities maintained in the custody of a foreign sub-custodian may be maintained in the name of such entity's nominee to the same extent as set forth in Section 2.3 of this Contract, and the State Street Portfolios agree Fund agrees to hold any such nominee harmless from any liability as a holder of record of such securities.

Appears in 1 contract

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

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