Compulsory Depository definition

Compulsory Depository means a non-U.S. securities depository or clearing agency the use of which is mandatory (x) by law or regulation (y) because Securities cannot be withdrawn from the depository or clearing agency or (z) because maintaining Securities outside the securities depository or clearing agency was not consistent with prevailing local custodial practices.
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Compulsory Depository means a Securities Depository the use of which is mandatory by law or regulation or because securities cannot be withdrawn from such Securities Depository, or because maintaining securities outside the Securities Depository would not permit purchases and sales of these securities to occur in accordance with routine settlement timing and procedures in the relevant market.
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Compulsory Depository means any Foreign Depository the use of which is mandatory by law or regulation, or because securities cannot be withdrawn from such Foreign Depository, or because maintaining securities outside such Foreign Depository is not consistent with prevailing custodial practices in the relevant market.
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Examples of Compulsory Depository in a sentence

  • It was requested that Eaton Vance attend the next Finance and Capital Assets Committee meeting on October 10.

  • The Custodian shall have no obligation hereunder for costs, expenses, damages, liabilities or claims (including, without limitation, attorneys' or accountants' fees) which are sustained or incurred by reason of any action or inaction by any depository (including any Depository or Compulsory Depository), clearing corporation or other or other agent, sub-custodian or intermediary, unless such action or inaction is caused by the negligence, bad faith or willful misconduct of the Custodian.

  • Custodian shall provide risk analysis and monitoring of any such Compulsory Depository as provided in Rule 17f-7 under the Act, and will exercise reasonable care, prudence, and diligence in performing these responsibilities.

  • The board shall require the delegate to provide written reports notifying the board of the placement of the company’s assets in a country and with a particular custodian (including any Compulsory Depository) and of any material change in the company’s arrangements, with such reports to be provided to the board no later than the next regularly scheduled board meeting following such event.

  • Custodian and Subcustodians are authorized to hold any of the Financial Assets in their accounts with any securities depository in which Custodian or Subcustodians' participant, subject in the case of a Compulsory Depository to the provisions set forth in section 9(e) hereof.

  • With respect to any Compulsory Depository, the factors specified in paragraph (a)(2) of this section.

  • The Custodian shall have no obligation hereunder for costs, expenses, damages, liabilities or claims (including, without limitation, attorneys' or accountants' fees) which are sustained or incurred by reason of any action or inaction by any depository (including any Depository or Compulsory Depository), clearing corporation or other agent, sub-custodian or intermediary, unless such action or inaction is caused by the negligence, bad faith or willful misconduct of the Custodian.

  • The Delegate agrees to provide written reports notifying the Board of the placement of Assets with a particular Eligible Foreign Custodian or Compulsory Depository, and of any Material Change (as hereinafter defined) in the Fund's foreign custody arrangements.

  • Serbia, on the other hand, had even bigger delay in adopting its security and doctrinal documents due to political turmoil caused by the self-proclaimed independence of its outbreak province, Kosovo and Metohija, and due to different perceptions of security that then main political parties had.

  • Notwithstanding the provisions of Section 7(b) above, the Bank shall not serve as Foreign Custody Manager in respect of any Compulsory Depository, as defined below.


More Definitions of Compulsory Depository

Compulsory Depository means an eligible foreign custodian: (a) the use of which is mandatory because (1) its use is required by law or regulation, (2) securities cannot be withdrawn from the depository or (3) maintaining securities outside the depository is not consistent with prevailing custodial practices.
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Compulsory Depository means an eligible foreign custodian underparagraph (d)(2)(ii) of this section, the use of which is mandatory:
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Compulsory Depository means a Securities Depository listed on Appendix 1-A hereto, as the Board, its delegate or its duly authorized officer(s) may amend from time to time, upon notice to First Union.
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Compulsory Depository means a securities depository (as defined in Rule 17f-5(a)(6)) or clearing agency the use of which is compulsory because: (1) its use is required by law or regulation of the particular country or (2) maintaining securities outside the depository is not consistent with prevailing custodial practices in the country which the depository serves. Compulsory Depositories in the jurisdictions covered by this Delegation Agreement as of the date of this Agreement are set forth in Appendix C. Appendix C may be amended upon written notice to the Funds from time to time. In that connection, Delegate shall notify the Funds promptly of pending changes to Appendix C. Delegate shall provide the Trust such information as is specified in Appendix D. It is understood by the parties hereto that in furnishing the information specified by Appendix D, the Delegate is not rendering to the Funds legal, tax, accounting, investment management or other professional services. The opinions of local counsel so furnished are solely those of such counsel and not of the Delegate and the other information so furnished has been derived from sources believed by the Delegate to be reliable. The Delegate does not guarantee the accuracy or timeliness of the opinions or information so furnished. Any notice to be furnished to the Funds in accordance with this Section 5(a) shall be furnished to the Trust.
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Compulsory Depository means any securities depository or clearing agency within the meaning of Section (a)(1)(ii) or (a)(1)(iii) of Rule 17f-5, the use of which is mandatory by law or regulation or because securities cannot be withdrawn from such a securities depository or clearing agency or because maintaining securities outside such securities depository or clearing agency is not consistent with prevailing custodial practices in the relevant market. In performing the Delegated Responsibilities, we agree to exercise reasonable care, prudence and diligence such as a person having responsibility for the safe keeping of assets of the Funds would exercise. We also agree to provide information to the Board notifying it of the placement of Fund assets with a particular Compulsory Depository and of any material change in the Funds' arrangements therewith, at such times as the Board deems reasonable and appropriate based on the circumstances of the Funds' foreign custody arrangements. Sincerely, FIFTH THIRD BANK By: _________________________________ Its:_________________________________ Acknowledged By: FIFTH THIRD FUNDS
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Compulsory Depository shall have the meaning set forth in Section 2.3.
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Related to Compulsory Depository

  • Clearing Rules means SGX-DC Clearing Rules as amended or supplemented from time to time;

  • Subcustodian means a bank (including any branch thereof) or other financial institution (other than a Foreign Depository) located outside the U.S. which is utilized by Custodian in connection with the purchase, sale or custody of Securities hereunder and identified to the Fund from time to time, and their respective successors and nominees.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Global Receipt Depository means, with respect to any Receipt issued hereunder, DTC or such other entity designated as Global Receipt Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Primary Custodian the meaning set forth in Rule 17f-7(b)(2).

  • Advanced practice registered nurse means an advanced

  • central securities depository or ‘CSD’ means a central securities depository as defined in point (1) of Article 2(1) of Regulation (EU) No 909/2014.

  • Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Computer Security Procedures means procedures for prevention of unauthorized computer access and use and administration of computer access and use as provided in writing to the Underwriter.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Subcustodian(s) means each foreign bank appointed by the Custodian pursuant to Section 8 hereof, but shall not include Securities Depositories.

  • Common Depository has the meaning specified in Section 304(b).

  • Securities Depositories means DTC; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such other securities depositories as the District may designate in a Written Request of the District delivered to the Paying Agent.

  • Consumer account means an account established primarily for personal, family, or household use.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • keeper means the person or entity that, being the owner of a vehicle or having the right to use it, exploits the vehicle as a means of transport and is registered as such in the national vehicle register referred to in Article 33;

  • Deposited Property means the Deposited Securities and any cash and other property held on deposit by the Depositary and the Custodian in respect of the ADSs under the terms of the Deposit Agreement, subject, in the case of cash, to the provisions of Section 4.8. All Deposited Property shall be held by the Custodian, the Depositary and their respective nominees for the benefit of the Holders and Beneficial Owners of the ADSs representing the Deposited Property. The Deposited Property is not intended to, and shall not, constitute proprietary assets of the Depositary, the Custodian or their nominees. Beneficial ownership in the Deposited Property is intended to be, and shall at all times during the term of the Deposit Agreement continue to be, vested in the Beneficial Owners of the ADSs representing the Deposited Property.

  • AFFILIATED SUBCUSTODIAN means a Subcustodian that is an Affiliate.

  • Clearing Systems means Euroclear and Clearstream, Luxembourg;

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Securities System shall have the meaning set forth in Paragraph 3(c) of this Agreement.

  • Eligible Securities Depository has the meaning set forth in section (b)(1) of Rule 17f-7.