Sub-custodian(s) definition
Sub-custodian(s) means each Sub-custodian appointed by the Custodian pursuant to Section 8 of this Agreement, but shall not include Securities Depositories.
Sub-custodian(s) means sub-custodians, agents or depositories appointed by the Initial
Sub-custodian(s) means (i) Gemini Trust Company, LLC (“Gemini” or the “Gemini Sub-Custodian”); and (ii) Coinbase Custody Trust Company, LLC (“Coinbase Custody”) and Coinbase, Inc. (“Coinbase” and together with Coinbase Custody, the “Coinbase Entities” or the “Coinbase Sub-Custodian”).
Examples of Sub-custodian(s) in a sentence
For the purposes of this Trust Deed, references to Sub-Custodians shall include Sub-Custodians appointed by the Trustee and nominees of such Sub-Custodians or of the Trustee itself.
The Custodian shall be liable for the actions of any Sub-Custodians (regardless of whether assets are maintained in the custody of a Sub-Custodian, a member of its network or an Eligible Securities Depository) appointed by it as if such actions had been done by the Custodian.
At least monthly, the Custodian shall furnish the Fund with a detailed statement of the Securities and moneys held by the Custodian and the Sub-Custodians for the Fund under this Agreement.
More Definitions of Sub-custodian(s)
Sub-custodian(s) means, together, RBC Investor Services and NBCN, each in their capacities as sub-custodians of Horizons the ETFs pursuant to the applicable Sub-Custodian Agreement, and “Sub-Custodian” means either one of them;
Sub-custodian(s). We may appoint Sub-Custodians solely for the temporary custody and safekeeping of Bullion until transported to our London vault premises as provided in clause 7.4, unless otherwise agreed between the Trust and us with the consent of the Sponsor. Any such Sub-Custodian shall be a member of the LBMA. The Sub-Custodians we select may themselves select subcustodians to provide such temporary custody and safekeeping of Bullion, but such subcustodians shall not by such selection or otherwise be, or be considered to be, a Sub-Custodian as such term is used herein. We will use reasonable care in selecting any Sub-Custodian. [As of the date of this Agreement, the Sub-Custodians that we use are: the Bank of England, The Bank of Nova Scotia (ScotiaMocatta), Deutsche Bank AG, JPMorgan Chase Bank, N.A., UBS AG and Barclays Bank PLC.] We will notify the Trust if we select any additional Sub-Custodian, or stop using any Sub-Custodian for such purpose. The Trust’s receipt of notice that we have selected a Sub-Custodian (including those named in this clause 8.1) shall not be deemed to limit our responsibility in selecting such Sub-Custodian. Not more frequently than annually, upon the Trust’s request, we shall confirm to the Trust that from time to time we may hold Precious Metal for our own account with one or more of each of the Sub-Custodians, provided that this confirmation shall not constitute a representation by us regarding the solvency or creditworthiness of any Sub-Custodian.
Sub-custodian(s) means as defined in section 6 of this Prospectus(“Depositary”), under the sub-heading “Delegation of Safekeeping Function”; "Trading Day" means any day on which the London Stock Exchange is open for trading; "UCITS" means a collective investment scheme such as the Company which is authorised by the FCA and which complies with the conditions necessary for it to enjoy the rights conferred by the UCITS Directive; "UCITS Directive" means the European Parliament and Council Directive of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (No.2009/65/EC) (as amended); "VAT" means UK value added tax.
Sub-custodian(s) means Gemini and/or Coinbase, as applicable, and individually, a “Sub-Custodian”.
Sub-custodian(s) means as defined in section 6 of this Prospectus(“Depositary”), under the sub-heading “Delegation ofSafekeeping Function”; "Trading Day" means any day on which the London Stock Exchange is open for trading; "UCITS" means an Undertaking for Collective Investment in Transferable Securities. This will include a UCITS Scheme or an EEA UCITS scheme, as defined in the Financial Conduct Authority Handbook; "UCITS Directive" means the European Parliament and Council Directive of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (No.2009/65/EC) (as amended); "UCITS Scheme" means a UK UCITS, as defined in the FCA Handbook; "UK UCITS" means, in accordance with sections 236A and 237 of the Financial Services and Markets Act 2000, a collective investment scheme which may consist of several sub-funds, which is either an authorised unit trust scheme, an authorised contractual scheme, or an authorised open-ended investment company with the sole object of collective investment of capital raised from the public in transferable securities or other liquid financial assets, operating on the principle of risk-spreading, with units which are, at the request of holders, repurchased or redeemed, directly or indirectly, out of those undertakings’ assets, and which has identified itself as a UCITS in its prospectus and has been authorised accordingly by the FCA; "VAT" means UK value added tax.
Sub-custodian(s) means the entities as listed in Appendix 2 (Sub-Custodians) to which the custody of assets in certain markets in which the Trust may invest has been delegated or sub-delegated;
Sub-custodian(s) means (i) Gemini; and (ii) the Coinbase Entities, who are sub-custodians for Cidel in respect of the Core Bitcoin Fund, the Bitcoin Fund, the Core Ether Fund, and the Ether Fund;