Intermediary Custodian definition

Intermediary Custodian means any Subcustodian that is a Securities Intermediary and is qualified to act as a custodian.
Sample 1Sample 2Sample 3
Intermediary Custodian means any subcustodian that is a securities inter- mediary and is qualified to act as a custodian.
Sample 1Sample 2Sample 3
Intermediary Custodian means any subcustodian that is a securities intermediary and is qualified to act asa custodian.
Sample 1

Examples of Intermediary Custodian in a sentence

  • The Fund's purchases and sales of securities will be conducted according to those brokerage services offered by the Intermediary Custodian.

  • The Intermediary Custodian shall not be affiliated with the Fund.

  • The Intermediary Custodian also has an obligation not to use this information for trading purposes.

  • The parties expressly acknowledge that U.S. Bank Trust is an Affiliate of U.S. Bank N.A. and consent to such Affiliates serving in the capacities of Trustee (U.S. Bank Trust), Securities Intermediary, Custodian, Backup Servicer, and Lockbox Bank (U.S. Bank N.A.), respectively.

  • The Intermediary Custodian shall provide promptly, upon request by the Fund, such reports as are available concerning internal accounting controls and financial strength of Intermediary Custodian.

  • The Intermediary Custodian shall exercise due care in accordance with reasonable commercial standards in discharging its duty as a securities intermediary to obtain and thereafter maintain such financial assets.

  • Such moneys will be deposited by the Intermediary Custodian in its capacity as such, and shall be withdrawable by the Intermediary Custodian only in such capacity.

  • The Intermediary Custodian shall open and maintain a separate brokerage ac- count or accounts in the United States in the name of the Fund and shall hold cash received by it or for the account in accordance with Rule 17f-4 under the Investment Company Act of 1940.

  • This Agreement shall extend to and shall be binding upon parties thereto, and their respective successors and assign: provided, however, that this Agreement shall not be assignable by the Fund or by the Intermediary Custodian and no attempted assignment by the Fund or the Intermediary Custodian shall be effective without the written consent of the other party hereto.

  • The Intermediary Custodian shall hold all securities delivered to it in safekeeping in a separate brokerage account or accounts maintained at Xxxxxxx Xxxxxx & Company, Inc.

Related to Intermediary Custodian

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

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Security Custodian means the custodian with respect to any Global Security appointed by the Depositary, or any successor Person thereto, and shall initially be the Paying Agent.

  • Sub-Custodian means and include (i) any branch of a “U.S. bank,” as that term is defined in Rule 17f-5 under the 1940 Act, and (ii) any “Eligible Foreign Custodian” having a contract with the Custodian which the Custodian has determined will provide reasonable care of assets of the Fund based on the standards specified in Section 3.3 below. Such contract shall be in writing and shall include provisions that provide: (i) for indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) that the Foreign Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Sub-Custodian or its creditors except a claim of payment for their safe custody or administration, in the case of cash deposits, liens or rights in favor of creditors of the Sub-Custodian arising under bankruptcy, insolvency, or similar laws; (iii) that beneficial ownership for the Foreign Securities will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) that adequate records will be maintained identifying the assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) that the Fund’s independent public accountants will be given access to those records or confirmation of the contents of those records; and (vi) that the Fund will receive periodic reports with respect to the safekeeping of the Fund’s assets, including, but not limited to, notification of any transfer to or from a Fund's account or a third party account containing assets held for the benefit of the Fund. Such contract may contain, in lieu of any or all of the provisions specified in (i)-(vi) above, such other provisions that the Custodian determines will provide, in their entirety, the same or a greater level of care and protection for Fund assets as the specified provisions.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • Independent Custodian means Deutsche Bank AG, London Branch.

  • 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.

  • ADS Custodian means the person then acting as custodian under the Deposit Agreement. The ADS Custodian as of the Issue Date is The Bank of New York Mellon.

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

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

  • Indian custodian means any Indian person who has legal custody of an Indian child under tribal law or custom or under State law or to whom temporary physical care, custody, and control has been transferred by the parent of such child;

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

  • Note Custodian means the Trustee, as custodian with respect to the Notes in global form, or any successor entity thereto.

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

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

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

  • 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.

  • Approved Custodian means a pool custodian or other Person that Lender deems acceptable, in its sole discretion, to hold Mortgage Loans for inclusion in a Mortgage Pool or to hold Mortgage Loans as agent for an Investor that has issued a Purchase Commitment for those Mortgage Loans.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Securities Custodian means the Trustee, as custodian with respect to the Securities in global form, or any successor thereto.

  • Foreign Sub-Custodian means a foreign banking institution serving as an Eligible Foreign Custodian.

  • Common Depositary has the meaning specified in Section 304.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • U.S. Depository or “Depository” means, with respect to any Security issuable or issued in the form of one or more global Securities, the Person designated as U.S. Depository or Depository by the Company in or pursuant to this Indenture or the related Series Authorization, which Person must be, to the extent required by applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended, and, if so provided with respect to any Security, any successor to such Person. If at any time there is more than one such Person, “U.S. Depository” or “Depository” shall mean, with respect to any Securities, the qualifying entity which has been appointed with respect to such Securities.

  • Qualified custodian means the following independent institutions or entities that are not affiliated with the investment adviser by any direct or indirect common control and have not had a material business relationship with the investment adviser in the previous two years: