Non-Custody Assets definition

Non-Custody Assets shall have the meaning set forth in Section 10.1.
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Non-Custody Assets has the meaning set forth in Section 17.1.
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Non-Custody Assets. (previously referred to as “Special Assets”) means Property as defined herein, which are not registered in Custodian’s name or its nominee name and not under the control of Custodian, as indicated to Custodian in writing by Principal or Manager at the time of receipt or purchase of such Property and as accepted by Custodian, and which Custodian has agreed to report only for consolidated recordkeeping purposes and as an accommodation to the Principal.
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Examples of Non-Custody Assets in a sentence

  • Non-Custody Assets shall be designated on Custodian’s books as “shares not held” or by other similar characterization.

  • However, the level of protection for Non-Custody Assets is significantly lower.

  • Accordingly, the greater the proportion of a Fund invested in categories of Non-Custody Assets, the greater the risk that any loss of such assets that may occur may not be recoverable.

  • Non-Custody Assets will be designated on BNY Mellon’s books as “assets not held in custody” or by other similar designation and will not constitute Assets for purposes of this Agreement.

  • Non-Custody Assets shall be designated on the Custodian’s books as “shares not held” or by other similar characterization.

  • As it is likely that the Funds may each invest in both Custody Assets and Non-Custody Assets, it should be noted that the safekeeping functions of the Depositary in relation to the respective categories of assets and the corresponding standard of liability of the Depositary applicable to such functions differs significantly.

  • Given the framework of Depositary liability under UCITS V, these Non-Custody Assets, from a safekeeping perspective, expose the Fund to a greater degree of risk than Custody Assets, such as publicly traded equities and bonds.

  • If a Fund invests in assets that are not financial instruments that can be held in custody ("Non-Custody Assets"), the Depositary is only required to verify the Fund's ownership of such assets and to maintain a record of those assets which the Depositary is satisfied that the Fund holds ownership of.

  • While it will be determined on a case-by-case whether a specific investment by the Fund is a Custody Asset or a Non-Custody Asset, generally it should be noted that derivatives traded by a Fund over-the-counter will be Non-Custody Assets.

  • Accordingly, the greater the proportion of a Sub-Fund invested in categories of Non-Custody Assets, the greater the risk that any loss of such assets that may occur may not be recoverable.


More Definitions of Non-Custody Assets

Non-Custody Assets means Property as defined herein, which are not registered in Custodian’s name or its nominee name and not under the control of Custodian, as indicated to Custodian in writing by Principal or Manager at the time of receipt or purchase of such Property and as accepted by Custodian, and which Custodian has agreed to report only for consolidated recordkeeping purposes.
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Non-Custody Assets has the meaning set forth in Section 1717.1.
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Non-Custody Assets has the meaning set forth in Schedule 3 hereto.
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Non-Custody Assets means all Assets that are not Custody Assets.
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Non-Custody Assets means all Assets that are not Custody Assets. “Shares” means the units in the Fund.
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Related to Non-Custody Assets

  • Custody Agreement means the Custodial Agreement, dated as of the Closing Date among the Borrower, the Servicer, the Originator, the Administrative Agent and the Collateral Custodian, as amended by that certain Amendment No. 1 to Custodial Agreement dated as of April 14, 2009 and as the same may from time to time be further amended, restated, supplemented, waived or modified.

  • Permanent custody means a legal status that vests in a public children services agency or a private child placing agency, all parental rights, duties, and obligations, including the right to consent to adoption, and divests the natural parents or adoptive parents of all parental rights, privileges, and obligations, including all residual rights and obligations.

  • 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;

  • Joint custody means (i) joint legal custody where both parents retain joint responsibility for the

  • Legal custody means (i) a legal status created by court order which vests in a custodian the right to

  • Foreign Custody Manager has the meaning set forth in section (a)(3) of Rule 17f-5.

  • 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: