Common use of Transfers to Successor Custodian Clause in Contracts

Transfers to Successor Custodian. Upon the request of any successor Custodian, the Custodian hereunder shall, upon payment of all amounts due it, execute and deliver an instrument acknowledged by it transferring to such successor Custodian all the rights and powers of the resigning Custodian; and the resigning Custodian shall transfer, deliver and pay over to the successor Custodian the Assets at the time held by it hereunder, if any, together with all necessary instruments of transfer and assignment or other documents properly executed necessary to effect such transfer and such of the records or copies thereof maintained by the resigning Custodian in the administration hereof as may be requested by the successor Custodian, and shall thereupon be discharged from all duties and responsibilities hereunder. Any resignation or removal of the Custodian shall become effective upon such acceptance of appointment by the successor Custodian. The indemnification of the resigning Custodian provided for hereunder shall survive any resignation, discharge or removal of the Custodian hereunder.

Transfers to Successor Custodian. Upon the request of any successor Custodian, the Custodian hereunder shall, upon payment of all amounts due it, execute and deliver an instrument acknowledged by it transferring to such successor Custodian all the rights and powers of the resigning retiring Custodian; and the resigning retiring Custodian shall transfer, deliver and pay over to the successor Custodian the Assets at the time held by it hereunder, if any, together with all necessary instruments of transfer and assignment or other documents properly executed necessary to effect such transfer and such of the records or copies thereof maintained by the resigning retiring Custodian in the administration hereof as may be requested by the successor Custodian, and shall thereupon be discharged from all duties and responsibilities hereunder. Any resignation or removal of the Custodian shall become effective upon such acceptance of appointment by the successor Custodian. The indemnification of the resigning Custodian provided for hereunder shall survive any resignation, discharge or removal of the Custodian hereunder.

Transfers to Successor Custodian. Upon the request of any successor Custodian, the Custodian hereunder shall, upon payment of all amounts due it, execute and deliver an instrument acknowledged by it transferring to such successor Custodian all the rights and powers of the resigning retiring Custodian; and the resigning retiring Custodian shall transfer, deliver and pay over to the successor Custodian the Assets at the time held by it hereunder, if any, together with all necessary instruments of transfer and assignment or other documents properly property executed necessary to effect such transfer and such of the records or copies thereof maintained by the resigning retiring Custodian in the administration hereof as may be requested by the successor Custodian, and shall thereupon be discharged from all duties and responsibilities hereunder. Any resignation or removal of the Custodian shall become effective upon such acceptance of appointment by the successor Custodian. The indemnification of the resigning Custodian provided for hereunder shall survive any resignation, discharge or removal of the Custodian hereunder.

Transfers to Successor Custodian. Upon the request of any successor Custodian, the Custodian hereunder shall, upon payment of all amounts due itit under this Agreement, execute and deliver an instrument acknowledged by it transferring to such successor Custodian all the rights and powers of the resigning Custodian; and the resigning Custodian shall promptly transfer, deliver and pay over to the successor Custodian the Assets at the time held by it hereunder, if any, together with all necessary instruments of transfer and assignment or other documents properly executed necessary to effect such transfer and such of the records or copies thereof maintained by the resigning Custodian in the administration hereof as may be requested by the successor Custodian, and the resigning Custodian shall unless it has been guilty of wilful misfeasance, bad faith or gross negligence in the performance of its duties hereunder or its negligence or reckless disregard of its obligations and duties hereunder thereupon be discharged from all duties and responsibilities hereunder. Any resignation or removal of the Custodian shall become effective upon such acceptance of appointment by the successor Custodian. The indemnification of the resigning Custodian provided for hereunder shall survive any resignation, discharge or removal of the Custodian hereunder.

Transfers to Successor Custodian. Upon the request of any successor Custodian, the Custodian hereunder shall, upon payment of all amounts due it, execute and deliver an instrument acknowledged by it transferring to such successor Custodian all the rights and powers of the resigning retiring Custodian; and the resigning retiring Custodian shall transfer, deliver and pay over to the successor Custodian the Assets at the time held by it hereunder, if any, together with all necessary instruments of transfer and assignment or other documents properly executed necessary to effect such transfer and such of the records or copies thereof maintained by the resigning retiring Custodian in the administration hereof as may be requested by the successor Custodian, and shall thereupon be discharged from all duties and responsibilities hereunder. Any resignation or removal of the Custodian shall become effective upon such acceptance of 4 appointment by the successor Custodian. The indemnification of the resigning Custodian provided for hereunder shall survive any resignation, discharge or removal of the Custodian hereunder.

Transfers to Successor Custodian. Upon the request of any successor Custodian, the Custodian hereunder shall, upon payment of all amounts due it, execute and deliver an instrument acknowledged by it transferring to such successor Custodian all the rights 4 and powers of the resigning retiring Custodian; and the resigning retiring Custodian shall transfer, deliver and pay over to the successor Custodian the Assets at the time held by it hereunder, if any, together with all necessary instruments of transfer and assignment or other documents properly executed necessary to effect such transfer and such of the records or copies thereof maintained by the resigning retiring Custodian in the administration hereof as may be requested by the successor Custodian, and shall thereupon be discharged from all duties and responsibilities hereunder. Any resignation or removal of the Custodian shall become effective upon such acceptance of appointment by the successor Custodian. The indemnification of the resigning Custodian provided for hereunder shall survive any resignation, discharge or removal of the Custodian hereunder.