Examples of Foreign Property in a sentence
Custodian hereby agrees to act as custodian and settlement agent for Domestic and Foreign Property and Domestic and Foreign Transactions, to hold and maintain all property in the Account in safekeeping, and to settle Domestic and Foreign Transactions efficiently and in accordance with Proper Instructions and with the terms and conditions of this Agreement.
To ensure the collection of payments, Custodian or its Qualified Sub-Custodians shall present for payment all Domestic and Foreign Property which is called, redeemed, or retired, or otherwise becomes payable, shall detach and present for payment all coupons and other income items requiring presentation as they come due, and shall credit cash receipts from such items to the Account, Fund Account or Manager Sub-Accounts.
Custodian represents and covenants that its Qualified Sub-Custodians can and will efficiently settle Domestic and Foreign Transactions and provide safe custody for Domestic Property and Foreign Property; and that Custodian will monitor its Qualified Sub-Custodians’ performance regarding securities custody and settlement.
Upon the written request of the Treasurer or the Deputy Treasurer, Custodian shall attempt to engage a Qualified Sub-Custodian to settle Foreign Transactions and to provide custody for Foreign Property in a foreign country not listed in the previous Custody Report or amendment thereto.
The Treasurer hereby appoints Custodian to settle Domestic and Foreign Transactions, to provide custody for Domestic and Foreign Property, to keep such Domestic and Foreign Property safe; and to perform the duties discussed below.
Upon a notice of termination to a Qualified Sub-Custodian, Custodian shall take all actions necessary to protect Domestic Property and Foreign Property, and shall inform the Treasurer or Deputy Treasurer of such actions, including any transfer of Property to another Qualified Sub-Custodian.
Ownership of Foreign Property in Bank Accounts or Bank Sub-Accounts, whether held by a Qualified Sub-Custodian or an Eligible Foreign Depository used by the Qualified Sub-Custodian, shall be clearly recorded on the Qualified Sub-Custodian’s books as belonging to Custodian on behalf of the Account and not for Custodian’s own account or the Qualified Sub-Custodian’s own account.
President Xxxxxx never submitted the Charter to the United States Senate for ratification as it was opposed by the United States business community.27 In 1967 the OECD proposed a Draft Convention on the Protection of Foreign Property which contained most of the protections of a modern BIT, including an ISDS clause.
The books and records of Custodian shall at all times indicate that all Foreign Property is owned by, and is part of, the Account, Fund Accounts and Manager Sub-Accounts.
Custodian shall hold Foreign Property only with itself, a Qualified Sub-Custodian, or an Eligible Foreign Depository with which Custodian maintains a direct contractual relationship.