Examples of Custodial Party in a sentence
The Non-Custodial Party agrees to reimburse the Custodial Party for the reasonable costs, if any, of creating, gathering, redacting (where required), copying, storing, transporting and otherwise complying with the request to provide or make available such Stored Records (including any reasonable costs and expenses incurred in connection with the restoration of backup media for purposes of providing the requested Stored Records).
The Custodial Party shall make such Stored Records available to the Non-Custodial Party upon its request.
Any moneys payable to any Administrative & Custodial Party pursuant to this Master Services Agreement shall be secured by a prior lien on the assets of the affected Series of Trust.
If within thirty days after such notification the Depositor has not given any instruction to sell or hold or has not taken any other action in connection with such Securities, the Supervisor shall sell such Securities forthwith, and neither the Depositor nor any Administrative & Custodial Party shall be liable or responsible in any way for depreciation or loss incurred by reason of such sale.
No Administrative & Custodial Party shall be liable or responsible in any way for depreciation or loss incurred by reason of any sale of Securities or termination of Derivative Transactions made pursuant to this Section 7.05.
In no event shall an Administrative & Custodial Party be liable to any Series of Trust or any third party for any special, indirect or consequential damages, or lost profits or loss of business, arising under or in connection with this Master Services Agreement, even if previously informed of the possibility of such damages and regardless of the form of action.
The Depositor may rely in good faith on any paper, order, electronic communication, notice, list, affidavit, receipt, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by any Administrative & Custodial Party, counsel or any other persons pursuant to this Master Services Agreement.
Except as otherwise provided herein, no Administrative & Custodial Party shall be liable for any costs, expenses, damages, liabilities or claims (including attorneys’ and accountants’ fees) incurred by or asserted against a Series of Trust, except those costs, expenses, damages, liabilities or claims arising out of the Administrative & Custodial Party’s own bad faith, gross negligence or willful misconduct.
In connection with the sales and terminations of Securities and Derivative Transactions, none of the Supervisor, Depositor or any Administrative & Custodial Party shall be liable or responsible in any way for depreciation or loss incurred by reason of any sale of a Security or termination of any Derivative Transaction or by reason or failure to make any such sale or termination.
None of the Depositor, Supervisor, Evaluator, or any Administrative & Custodial Party shall be liable to any person for any actions taken upon the instruction of such accountants or for any omission in the absence of such instruction.