Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall: (i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice; (ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio as owner of any securities may be exercised; (iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a Portfolio; (iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege; (v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust to evidence such delivery; (vi) make such transfer or exchanges of the assets of a Portfolio and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the Portfolio; (vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan; (viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio; (ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities; (x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions; (xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and (xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporationcorporation or other entity, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporationcorporation or other entity, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund a Portfolio in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporationcorporation or other entity, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporationcorporation or other entity, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund a Portfolio in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives purposes in accordance with a certified resolution describing the nature of the corporate purpose and the name and address Fund’s Board of the person(s) to whom delivery Directors, a copy of which shall be madeprovided to PFPC Trust with such Oral Instructions or Written Instructions.
Appears in 1 contract
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust PNC Bank, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioPNC Bank;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
; (vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Sub Custodian Services Agreement (Ht Insight Funds Inc)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfoliothe Fund, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xiixi) release and deliver or exchange securities owned by the Fund or a Portfolio for other corporate purposes; provided that . PFPC Trust receives must also receive a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.made when such action is pursuant to sub-paragraph d.
Appears in 1 contract
Samples: Custodian Services Agreement (Eii Realty Securities Trust)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporationcorporation or other entity, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporationcorporation or other entity, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund a Portfolio in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; andan
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Firsthand Technology Value Fund, Inc.)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporationcorporation or other entity, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporationcorporation or other entity, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund a Portfolio in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
; (vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioPartnership;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Pw Technology Partners Lp)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio the Fund against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio the Fund as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio the Fund against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
; (vi) make such transfer or exchanges of the assets of a Portfolio the Fund and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Morgan J P Hedge Fund Series/Core LLC)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
(i) deliver any securities held for a Portfolio the Fund against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio the Fund as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio the Fund against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporationcorporation or other entity, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporationcorporation or other entity, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Fund and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio the Fund to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that PortfolioFund; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio the Fund in connection with any repurchase agreement entered into by the Fund on behalf of that PortfolioFund, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities or other assets (not including cash) owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust PNC Bank, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio of the Fund against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio the Fund as owner of any securities on behalf of a Portfolio may be exercised;
(iii) deliver any securities held for a Portfolio of the Fund to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioPNC Bank;
(iv) deliver any securities held for a Portfolio of the Fund against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio of the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the Portfolio;and take
(vii) release securities belonging to a Portfolio of the Fund to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by a Portfolio of the Fund on behalf of that PortfolioFund; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio PNC Bank of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio of the Fund in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolioa Portfolio of the Fund, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies moneys of a Portfolio of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by a Portfolio of the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by a Portfolio of the Fund for the purpose of the in-redeeming in kind redemption of Shares shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC TrustPNC Bank; and
(xiixi) release and deliver or exchange securities owned by a Portfolio of the Fund or a Portfolio for other corporate purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Pacific Horizon Funds Inc)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
: (i) deliver any securities held for a Portfolio the Fund against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
; (ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio the Fund as owner of any securities may be exercised;
; (iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a Portfolio;
Trust; (iv) deliver any securities held for a Portfolio the Fund against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporationcorporation or other entity, or the exercise of any conversion privilege;
; (v) deliver any securities held for a Portfolio the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporationcorporation or other entity, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
; (vi) make such transfer or exchanges of the assets of a Portfolio the Fund and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the Portfolio;
Fund; (vii) release securities belonging to a Portfolio the Fund to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that PortfolioFund; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
; (viii) release and deliver securities owned by a Portfolio the Fund in connection with any repurchase agreement entered into by the Fund on behalf of that PortfolioFund, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
securities; (ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
; (x) release and deliver securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
; (xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
and (xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that . (e) Use of Book-Entry System or Other Depository. PFPC Trust is authorized and instructed, on a continuous basis, to deposit in Book-Entry Systems and other depositories all securities belonging to the Fund eligible for deposit therein and to utilize Book-Entry Systems and other depositories to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PFPC Trust shall continue to perform such duties until it receives Written Instructions or Oral Instructions authorizing contrary actions. Notwithstanding anything in this Agreement to the contrary, PFPC Trust's use of a certified resolution describing Book-Entry System shall comply with the nature requirements of Rule 17f-4 under the 1940 Act.
(i) With respect to securities of the corporate purpose and Fund which are maintained in a Book-Entry System or another depository, the name and address records of PFPC Trust shall identify by book-entry or otherwise those securities belonging to the person(s) to whom delivery shall be madeFund.
Appears in 1 contract
Samples: Custodian Services Agreement (First Trust Global Credit Strategies Fund)
Transactions Requiring Instructions. Upon receipt of Oral ----------------------------------- Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute in blank and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement (or reverse repurchase agreement) entered into by the Fund on behalf of that the Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies moneys of the Fund Portfolio in connection with such repurchase agreementsagreements (or reverse repurchase agreement), but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund a Portfolio for the purpose of the in-redeeming in kind redemption of Shares shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Provident Institutional Funds)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust the Bank shall:
(ia) deliver any securities Property held for a Portfolio the Customer against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practiceProperty;
(b) execute and deliver to such Underlying Funds as may be designated in Written Instructions, (i) subscription agreements and similar documents (including the form of Addendum to Subscription Agreement attached as Exhibit 1) for the purposes of effectuating a purchase of, or subscription for, Interests on behalf of the Customer, and (ii) redemption requests, transfer requests or similar documents for the purpose of effectuating a redemption or transfer of Interests on behalf of the Customer.
(c) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio the Customer as owner of any securities Property may be exercised;
(iiid) deliver any securities Property to the issuer thereof, or its agent, when such securities are Property is called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioBank;
(ive) deliver any securities Property held for a Portfolio the Customer against receipt of other securities Property or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(vf) deliver any securities Property held for a Portfolio the Customer to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vig) make such transfer or exchanges of the assets Property of a Portfolio the Customer and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioCustomer;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ixh) release and deliver or exchange securities Property owned by the Fund or a Portfolio Customer in connection with any conversion of such securitiessecurities or other Property, pursuant to their terms, into other securities;securities or other Property; A-3
(xi) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities Property owned by the Fund Customer for the purpose of the in-redeeming in kind redemption of Shares shares or units of the Fund or a Portfolio Customer upon delivery of Shares thereof to PFPC Trustthe Bank; and
(xiij) release and deliver or exchange securities Property owned by the Fund or a Portfolio Customer for other purposes; provided that PFPC Trust receives . The Bank must also receive a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be mademade when such action is pursuant to Section 4(i).
(k) in connection with any grant of credit to the Customer by an affiliate of Bank, to borrow money against the grant of a security interest in, lien on, charge over or pledge of the Property, for which purpose, the Customer hereby expressly authorizes such grant and pledge by the Custodian on behalf of the Customer; provided that the Customer hereby also authorizes, directs and instructs the Bank, as a standing instruction with respect to any such borrowing, that principal and interest charges on such borrowing shall be timely paid by the Bank to the lender, upon demand, out of the Property as the lender may require, shall in no event be payable by the Custodian out of proprietary funds of the Bank, and such obligation for payment from the Property shall constitute an obligation secured hereunder by the security interest, lien on, pledge of and right of set-off against the Property granted to the lending affiliate of Bank by the Customer.
Appears in 1 contract
Samples: Custodial Agreement (PARADIGM Multi Strategy Fund, LLC)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust PNC Bank, directly or through the use of the Book-Entry system, shall:
(i) deliver any securities Securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
securities; (ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio as owner of any securities may be exercised;
; (iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a Portfolio;
PNC Bank; (iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
; (v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
; (vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the Portfolio;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.to
Appears in 1 contract
Samples: Custody Services Agreement (Capital Appreciation Fund/Ct)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions ------------------------------------- and not otherwise, PFPC Trust Trust, directly or through the use of a Book-Entry System, shall:
: (i) deliver any securities held for a Portfolio the Partnership against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio the Partnership as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio the Partnership against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio the Partnership to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
; (vi) make such transfer or exchanges of the assets of a Portfolio the Partnership and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioPartnership;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Oppenheimer Tremont Market Neutral Fund LLC)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio the Fund against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute in blank and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian of the Property whereby the authority of a Portfolio the Fund as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio the Fund against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer transfers or exchanges of the assets of a Portfolio the Fund and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio the Fund to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that PortfolioFund; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio the Fund in connection with any repurchase agreement (or reverse repurchase agreement) entered into by the Fund on behalf of that PortfolioFund, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies moneys of the Fund in connection with such repurchase agreements (or reverse repurchase agreements), but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares Interests of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that . PFPC Trust receives must also receive a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be mademade when such action is pursuant to subsection (d)(xii).
Appears in 1 contract
Samples: Custodian Services Agreement (Columbia Management Multi Strategy Hedge Fund LLC)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Custodian, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio the Fund against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio the Fund as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioCustodian;
(iv) deliver any securities held for a Portfolio the Fund against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Fund and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio the Fund to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that PortfolioFund; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio Custodian of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio the Fund in connection with any repurchase agreement entered into by the Fund on behalf of that Portfoliothe Fund, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC TrustCustodian; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives . Custodian must also receive a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be mademade when such action is pursuant to sub-paragraph d(xii).
Appears in 1 contract
Samples: Custodian Services Agreement (Bacap Alternative Mult Strategy Fund LLC)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or ----------------------------------- Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute in blank and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian of the Property whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement (or reverse repurchase agreement) entered into by the Fund on behalf of that the Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies moneys of the Fund Portfolio in connection with such repurchase agreementsagreements (or reverse repurchase agreement), but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund a Portfolio for the purpose of the in-redeeming in kind redemption of Shares shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Provident Institutional Funds)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust the Custodian, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a the Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a the Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioCustodian;
(iv) deliver any securities held for a the Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a the Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Fund and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the Portfolio;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.,
Appears in 1 contract
Samples: Custodian Services Agreement (Financial Investors Trust)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of a Book-Entry System, shall:
(i) deliver any securities Securities held for a Portfolio the Fund against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practiceSecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio the Fund as owner of any securities Securities may be exercised;
(iii) deliver any securities Securities to the issuer thereof, or its agent, when such securities Securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities Securities held for a Portfolio the Fund against receipt of other securities Securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities Securities held for a Portfolio the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Fund and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities Securities belonging to a Portfolio the Fund to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that PortfolioFund; provided, however, that securities Securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities Securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf it of the Fund or Portfolio of the securities Securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities Securities owned by a Portfolio the Fund in connection with any repurchase agreement entered into by the Fund on behalf of that Portfoliothe Fund, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies moneys of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or PortfolioSecurities;
(ix) release and deliver or exchange securities Securities owned by the Fund or a Portfolio in connection with any conversion of such securitiesSecurities, pursuant to their terms, into other securitiesSecurities;
(x) release and deliver securities Securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities Securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares Interests of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities Securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Advantage Advisers Multi - Sector Fund I)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust the Bank shall:
(ia) deliver any securities Property held for a Portfolio the Customer against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practiceProperty;
(b) execute and deliver to such Underlying Funds as may be designated in Written Instructions, (i) subscription agreements and similar documents (including the form of Addendum to Subscription Agreement attached as Exhibit 1) for the purposes of effectuating a purchase of, or subscription for, Interests on behalf of the Customer, and (ii) redemption requests, transfer requests or similar documents for the purpose of effectuating a redemption or transfer of Interests on behalf of the Customer.
(c) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio the Customer as owner of any securities Property may be exercised;
(iiid) deliver any securities Property to the issuer thereof, or its agent, when such securities are Property is called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioBank;
(ive) deliver any securities Property held for a Portfolio the Customer against receipt of other securities Property or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(vf) deliver any securities Property held for a Portfolio the Customer to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vig) make such transfer or exchanges of the assets Property of a Portfolio the Customer and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioCustomer;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ixh) release and deliver or exchange securities Property owned by the Fund or a Portfolio Customer in connection with any conversion of such securitiessecurities or other Property, pursuant to their terms, into other securitiessecurities or other Property;
(xi) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities Property owned by the Fund Customer for the purpose of the in-redeeming in kind redemption of Shares shares or units of the Fund or a Portfolio Customer upon delivery of Shares thereof to PFPC Trustthe Bank; and
(xiij) release and deliver or exchange securities Property owned by the Fund or a Portfolio Customer for other purposes; provided that PFPC Trust receives . The Bank must also receive a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be mademade when such action is pursuant to Section 4(i).
(k) in connection with any grant of credit to the Customer by an affiliate of Bank, to borrow money against the grant of a security interest in, lien on, charge over or pledge of the Property, for which purpose, the Customer hereby expressly authorizes such grant and pledge by the Custodian on behalf of the Customer; provided that the Customer hereby also authorizes, directs and instructs the Bank, as a standing instruction with respect to any such borrowing, that principal and interest charges on such borrowing shall be timely paid by the Bank to the lender, upon demand, out of the Property as the lender may require, shall in no event be payable by the Custodian out of proprietary funds of the Bank, and such obligation for payment from the Property shall constitute an obligation secured hereunder by the security interest, lien on, pledge of and right of set-off against the Property granted to the lending affiliate of Bank by the Customer.
Appears in 1 contract
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust X.X. Xxxxxx shall:
(ia) deliver any securities Property held for a Portfolio the Customer against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practiceProperty;
(b) execute and deliver to such Underlying Funds as may be designated in Written Instructions, (i) subscription agreements and similar documents (including the form of Addendum to Subscription Agreement attached as Exhibit 1) for the purposes of effectuating a purchase of, or subscription for, Interests on behalf of the Customer, and (ii) redemption requests, transfer requests or similar documents for the purpose of effectuating a redemption or transfer of Interests on behalf of the Customer.
(c) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio the Customer as owner of any securities Property may be exercised;
(iiid) deliver any securities Property to the issuer thereof, or its agent, when such securities are Property is called, redeemed, retired or otherwise become becomes payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioX.X. Xxxxxx;
(ive) deliver any securities Property held for a Portfolio the Customer against receipt of other securities Property or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporationcorporation or other entity, or the exercise of any conversion privilege;
(vf) deliver any securities Property held for a Portfolio the Customer to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporationcorporation or other entity, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vig) make such transfer or exchanges of the assets Property of a Portfolio the Customer and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioCustomer;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ixh) release and deliver or exchange securities Property owned by the Fund or a Portfolio Customer in connection with any conversion of such securitiessecurities or other Property, pursuant to their terms, into other securitiessecurities or other Property;
(xi) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities Property owned by the Fund Customer for the purpose of the in-redeeming in kind redemption of Shares shares or units of the Fund or a Portfolio Customer upon delivery of Shares thereof to PFPC TrustX.X. Xxxxxx; and
(xiij) release and deliver or exchange securities Property owned by the Fund or a Portfolio Customer for other purposes.
(k) in connection with any grant of credit to the Customer by an affiliate of X.X. Xxxxxx, to borrow money against the grant of a security interest in, lien on, charge over or pledge of the Property, for which purpose, the Customer hereby expressly authorizes such grant and pledge by X.X. Xxxxxx on behalf of the Customer; provided that PFPC Trust receives the Customer hereby also authorizes, directs and instructs X.X. Xxxxxx, as a certified resolution describing standing instruction with respect to any such borrowing, that principal and interest charges on such borrowing shall be timely paid by X.X. Xxxxxx to the nature lender, upon demand, out of the corporate purpose Property as the lender may require, shall in no event be payable by X.X. Xxxxxx out of proprietary funds of X.X. Xxxxxx, and such obligation for payment from the name Property shall constitute an obligation secured hereunder by the security interest, lien on, pledge of and address right of set-off against the person(s) Property granted to whom delivery shall be madethe lending affiliate of X.X. Xxxxxx by the Customer.
Appears in 1 contract
Samples: Custodial Agreement (Aetos Capital Multi-Strategy Arbitrage Fund LLC)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of a Book-Entry System, shall:
(i) deliver any securities Securities held for a Portfolio the Company against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practiceSecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio the Company as owner of any securities Securities may be exercised;
(iii) deliver any securities Securities to the issuer thereof, or its agent, when such securities Securities are called, redeemed, retired or otherwise become payable at the option of the holderpayable; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities Securities held for a Portfolio the Company against receipt of other securities Securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities Securities held for a Portfolio the Company to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Company and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioCompany;
(vii) release securities Securities belonging to a Portfolio the Company to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that PortfolioCompany; provided, however, that securities Securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities Securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf it of the Fund or Portfolio of the securities Securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities Securities owned by a Portfolio the Company in connection with any repurchase agreement entered into by the Fund on behalf of that Portfoliothe Company, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies moneys of the Fund Company in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or PortfolioSecurities;
(ix) release and deliver or exchange securities Securities owned by the Fund or a Portfolio Company in connection with any conversion of such securitiesSecurities, pursuant to their terms, into other securitiesSecurities;
(x) release and deliver securities Securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities Securities owned by the Fund Company for the purpose of the in-redeeming in kind redemption of Shares Interests of the Fund or a Portfolio Company upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities Securities owned by the Fund or a Portfolio Company for other proper Company purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
; (vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian of the Property whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made made, subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement agreements (or reverse repurchase agreements) entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund Portfolio in connection with such repurchase agreements (or reverse repurchase agreements), but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be madepurposes in accordance with Oral or Written Instructions.
Appears in 1 contract
Samples: Custodian Services Agreement (Blackrock Liquidity Funds)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practice;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporationcorporation or other entity, or the exercise of any conversion privilege;
; (v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporationcorporation or other entity, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies of the Fund a Portfolio in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-redeeming in kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Ametrine Capital Inc)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
; (vi) make such transfer or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement entered into by the Fund on behalf of that Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfolio; and pay out monies of the Fund in connection with such repurchase agreements, but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfolio;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund for the purpose of the in-kind redemption of Shares of the Fund or a Portfolio upon delivery of Shares to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that PFPC Trust receives a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be made.
Appears in 1 contract
Samples: Custodian Services Agreement (Kalmar Pooled Investment Trust)
Transactions Requiring Instructions. Upon receipt of Oral Instructions or Written Instructions and not otherwise, PFPC Trust Trust, directly or through the use of the Book-Entry System, shall:
(i) deliver any securities held for a Portfolio against the receipt of payment for the sale of such securities or otherwise in accordance with standard market practicesecurities;
(ii) execute in blank and deliver to such persons as may be designated in such Oral Instructions or Written Instructions, proxies, consents, authorizations, and any other instruments received by PFPC Trust as custodian of the Property whereby the authority of a Portfolio as owner of any securities may be exercised;
(iii) deliver any securities to the issuer thereof, or its agent, when such securities are called, redeemed, retired or otherwise become payable at the option of the holder; provided that, in any such case, the cash or other consideration is to be delivered to PFPC Trust on behalf of the Fund or a PortfolioTrust;
(iv) deliver any securities held for a Portfolio against receipt of other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, tender offer, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
(v) deliver any securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization or sale of assets of any corporation, and receive and hold on behalf of the Fund or a Portfolio under the terms of this Agreement such certificates of deposit, interim receipts or other instruments or documents as may be issued to PFPC Trust it to evidence such delivery;
(vi) make such transfer transfers or exchanges of the assets of a Portfolio the Portfolios and take such other steps as shall be stated in said Oral Instructions or Written Instructions to be for the purpose of effectuating a duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund or the PortfolioFund;
(vii) release securities belonging to a Portfolio to any bank or trust company for 14 the purpose of a pledge or hypothecation to secure any loan incurred by the Fund on behalf of that Portfolio; provided, however, that securities shall be released only upon payment to PFPC Trust on behalf of the Fund or Portfolio of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made subject to proper prior authorization, further securities may be released for that purpose; and repay such loan upon redelivery to PFPC Trust on behalf of the Fund or Portfolio it of the securities pledged or hypothecated therefor and upon surrender of the note or notes evidencing the loan;
(viii) release and deliver securities owned by a Portfolio in connection with any repurchase agreement (or reverse repurchase agreement) entered into by the Fund on behalf of that the Portfolio, but only on receipt of payment therefore by PFPC Trust on behalf of the Fund or Portfoliotherefor; and pay out monies moneys of the Fund Portfolio in connection with such repurchase agreements (or reverse repurchase agreements), but only upon the delivery of the securities to PFPC Trust on behalf of the Fund or Portfoliosecurities;
(ix) release and deliver or exchange securities owned by the Fund or a Portfolio in connection with any conversion of such securities, pursuant to their terms, into other securities;
(x) release and deliver securities to a broker in connection with the broker’s 's custody of margin collateral relating to futures and options transactions;
(xi) release and deliver securities owned by the Fund a Portfolio for the purpose of the in-redeeming in kind redemption of Shares shares of the Fund or a Portfolio upon delivery of Shares thereof to PFPC Trust; and
(xii) release and deliver or exchange securities owned by the Fund or a Portfolio for other purposes; provided that . PFPC Trust receives must also receive a certified resolution describing the nature of the corporate purpose and the name and address of the person(s) to whom delivery shall be mademade when such action is pursuant to subsection(d)(xii).
Appears in 1 contract
