Sub-Custody Agreement definition

Sub-Custody Agreement means an agreement between the Issuer, the Secured Account Custodian and a Sub-Custodian to which the Issuer is a party pursuant to which the Sub-Custodian is appointed to act as sub-custodian in connection with the duties and obligations of the Secured Account Custodian under the Custody Agreement for Secured Accounts relating to the ETC Securities as amended, supplemented, novated or replaced from time to time.
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Sub-Custody Agreement means an agreement between the Custodian and a Sub-Custodian pursuant to which the Sub-Custodian is appointed to act as sub-custodian in connection with the duties and obligations of the Custodian under the Custody Agreement as amended, supplemented, novated or replaced from time to time.
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Sub-Custody Agreement means an agreement or arrangement between the Custodian or a Primary Sub-Custodian and a Sub-Custodian pursuant to which the Sub-Custodian is appointed to act as sub-custodian to perform any of the duties and obligations of the Custodian under the Custody Agreement or of such Primary Sub-Custodian under the relevant Primary Sub-Custody Agreement, including the custody and safekeeping of Metal owned by the Issuer in allocated form (in the case of a Precious Metal) or off warrant in Near Storage (in the case of a Base Metal) on behalf of the Custodian or Primary Sub-Custodian, as amended, supplemented, novated or replaced from time to time.
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Examples of Sub-Custody Agreement in a sentence

  • Upon any termination, all Assets in the Safekeeping Account shall be held by Bank pursuant to the Sub-Custody Agreement.

  • As between IFTC and Bank, the Collateral and all instructions, deliveries, duties, rights and liabilities of IFTC and Bank with respect to the Safekeeping Accounts shall be governed in all respects by the Sub-Custody Agreement, except as expressly provided otherwise in this Agreement.

  • Pursuant to the applicable Custody Agreement, IFTC shall establish and maintain a Safekeeping Account at Bank for each Customer, and, pursuant to the Sub-Custody Agreement, Bank shall open, upon instruction from IFTC, such Safekeeping Account in the name of "▇▇▇▇▇ ▇▇▇▇▇▇ Customer Funds for the benefit of [applicable Customer Name] (Customer Segregated Account)" for the Collateral, in accordance with the Rules and Regulations.

  • All funds to your Sub-Custody Account must be paid electronically by you to the Custodian in accordance with their guidelines as published on our Website and subject to the Sub-Custody Agreement.

  • The Custodian shall maintain an account for you in respect of all funds held in terms of the Sub-Custody Agreement (“the Sub-Custody Account”).

  • All execution, clearing and bookkeeping in respect of your funds will be done by the Custodian in accordance with the Sub-Custody Agreement.

  • Pursuant to the applicable Custody Agreement, IFTC shall establish and maintain a Safekeeping Account at Bank for each Customer, and, pursuant to the Sub-Custody Agreement, Bank shall open, upon instruction from IFTC, such Safekeeping Account in the name of "Smith Barney Customer Funds for the benefit of [applicable Customer Name] (▇▇▇▇▇▇▇▇ ▇▇gregated Account)" for the Collateral, in accordance with the Rules and Regulations.

  • Except as provided herein, the Online Services shall be subject to the same terms, conditions, warranties and representations of the Sub-Custody Agreement.

  • SEB may appoint sub-custodians and other agents to perform any of its duties under the Sub-Custody Agreement and is entitled to deposit the securities of a Fund with any sub-custodian or in any depository or clearance system.

  • The Trust and Custodian will familiarize their respective Authorized Persons with all of the Trust and Custodian’s obligations under the Sub-Custody Agreement, including this Online Access Agreement.


More Definitions of Sub-Custody Agreement

Sub-Custody Agreement means an agreement between the Custodian and a Sub-Custodian
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Sub-Custody Agreement means the sub-custody agreement between the Client, the Depositary and Morgan Stanley & Co. International plc relating to the sub-custody by Morgan Stanley & Co. International plc of the Client’s Investments;
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Sub-Custody Agreement means the Custodian Services Agreement between the Depositary and
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Sub-Custody Agreement means the agreement between the Depositary and the Prime Broker dated on or around the date if this Agreement, pursuant to which the Depositary has delegated custody of Financial Instruments to the Prime Broker.
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Related to Sub-Custody Agreement

  • Custody Agreement The Custody Agreement or Agreements identified in the Trust Agreement.

  • Non-Custody Assets shall have the meaning set forth in Section 10.1.

  • 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.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.