Replacement of Lost Investments Sample Clauses

Replacement of Lost Investments. In the event of a loss of Investments for which the Custodian is responsible under the terms of this Agreement, the Custodian shall replace such Investment, or in the event that such replacement cannot be effected, the Custodian shall pay to the Fund the fair market value of such Investment based on the last available price as of the close of business in the relevant market on the date that a claim was first made to the Custodian with respect to such loss, or, if less, such other amount as shall be agreed by the parties as the date for settlement.
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Replacement of Lost Investments. In the event of a loss of Investments for which the Custodian is responsible under the terms of this Agreement, the Custodian shall replace such Investment, or in the event that such replacement cannot be effected, the Custodian shall pay to the affected Fund the fair market value of such Investment based on the Fund's pricing procedures as of the close of business in the relevant market on the date that the claim is paid by the Custodian, or, if the fair market value of the Investment on such date is less than the fair market value on the date that the loss was incurred, the Custodian shall pay to the effected Fund the fair market value of such Investment based on the fair market value of the Investment based on the Fund's pricing procedures as of the close of business in the relevant market on the date that the loss was incurred.
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Replacement of Lost Investments. In the event of a loss of Investments for which the
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Replacement of Lost Investments. In the event of a loss of Investments for which loss the Global Sub-custodian is responsible under the terms of this Agreement, the Global Sub-custodian shall replace such Investment, or in the event that such replacement cannot be effected, the Global Sub-custodian shall pay to the Bank the fair market value of such Investment based on the last available price as of the close of business in the relevant market on the date that a claim was first made to the Global Sub-custodian with respect to such loss, or, such other amount as shall be agreed by the parties.
Sample 1

Related to Replacement of Lost Investments

  • Limited Liability for Permitted Investments Subject to Section 6.1(c), the Indenture Trustee will not be liable for any insufficiency in Bank Accounts resulting from a loss on a Permitted Investment, except for losses attributable to the Indenture Trustee’s failure to make payments on the Permitted Investments issued by the Indenture Trustee, in its commercial capacity as principal obligor and not as trustee. The Indenture Trustee is not obligated to monitor the activities of any Qualified Institution (unless the Qualified Institution is also the Indenture Trustee) and will not be liable for the actions or inactions of any Qualified Institution (unless the Qualified Institution is also the Indenture Trustee).

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