Withdrawal of Assets Sample Clauses

Withdrawal of Assets. If an arrangement with an Eligible Securities Depository no longer meets the requirements of Rule 17f-7, the Custodian shall direct the Domestic Subcustodian to withdraw the Fund’s Foreign Assets from such depository as soon as reasonably practicable.

Withdrawal of Assets. (a) Any securities and evidences of indebtedness included in the Assets may be withdrawn from Agent in accordance with Customer's Instructions; provided, however, that except as provided below, such Instructions shall direct that the delivery of any such securities and evidences of indebtedness by Agent shall be made only to (i) a bank shown in Exhibit 1, or its Nominee, (ii) a broker, shown in Exhibit 1, or its Nominee, (iii) in the case of commercial paper, to the obligor upon payment. In the event the Instructions direct the delivery of Assets to any person or entity other than as set forth above, such Instructions shall be in writing and countersigned by a President, Vice President, Secretary or Treasurer of Customer or otherwise be authorized pursuant to a resolution duly adopted and provided to Agent in accordance with paragraph 10(c) below. (b) Upon receipt of such Instructions and subject to the terms and conditions thereof, Agent shall deliver the items specified therein to the person or entity designated and shall obtain a proper receipt therefore. (c) In connection with the sale of any Assets, Agent shall make delivery of such Assets only against payment therefore, in federal funds or by certified check or bank cashier's check, provided that, consistent with customary practice at the place of delivery, Agent may (i) make delivery for inspection prior to sale at buyer's location, upon delivery to Agent of a proper receipt therefore, to a member of registered national securities exchange or bank or trust company. In no event shall Agent be liable hereunder for not delivering Assets in accordance with Customer's Instructions where such delivery is withheld by reason of the purchaser's inability or unwillingness to make a payment therefore in federal funds or by certified or bank cashier's check or as otherwise provided in this paragraph 8(c). (d) Any cash included in the Assets may be withdrawn from Agent in accordance with written Instructions provided, however, that subject to a transfer or other disposition of securities by bookkeeping entry in connection with Agent's participation (through its agent) the Federal Reserve/Treasury book-entry system, Agent shall make payments of cash to, or from the account of, Customer only (i) upon the purchase of securities or other Assets and delivery of such securities or other Assets to Agent in proper form for transfer; (ii) to Customer's account with CoreStates Bank, N.A. or with such other bank as Custome...

Withdrawal of Assets. If the Fund (or its duly-authorized investment manager or investment adviser) provides the Custodian with Proper Instructions to withdraw Foreign Assets from an Eligible Securities Depository, the Custodian shall comply with such Proper Instructions in accordance with the provisions of Article 4 hereof.

Withdrawal of Assets. Alpine shall be permitted to make withdrawals from the Trust Fund in accordance with the Trust Agreement, and to liquidate assets held therein, for the purpose of paying (1) losses and allocated loss adjustment expenses under insurance and reinsurance policies and contracts issued by the Syndicate; (2) reinsurance premiums owed to unaffiliated reinsurers under reinsurance contracts entered into with respect to policies and contracts issued by the Syndicate, if, at the time the relevant reinsurance contract was entered into, the reinsurers were rated B+ or better by A.M. Best; (3) return premiums owed with respect to policies and contracts issued by the Syndicate; (4) trustee fees and Trust Fund expenses (but only from investment income); (5) withdrawal fees as described in Article 5 hereof; (6) unallocated loss adjustment expenses relating to losses under insurance and reinsurance policies issued by the Syndicate, as approved in advance by the IIE, which approval shall not be unreasonably withheld; and (7) other bona fide obligations of the Syndicate, as approved in advance by the IIE, which approval shall not be unreasonably withheld. Neither the Syndicate nor Alpine is currently aware of any existing liability of the Syndicate which is not reflected in the financial information attached hereto as Exhibit D. Alpine shall also have: (i) the right and obligation to "purchase" real estate assets out of the Trust Fund, for cash, at the fair market value thereof (determined in accordance with a "willing buyer/willing seller" appraisal conducted by a Qualified Appraiser not more than 24 months prior to the purchase), for the purpose of paying any obligation described in Section 3.2(D) above, on an "as needed basis", as determined in the reasonable judgment of Alpine; (ii) the right and obligation to "purchase" mortgage assets out of the Trust Fund, for cash, for an amount equal to the lesser of (y) the outstanding principal balance of the mortgage note, or (z) 80% of the fair market value (determined in accordance with an appraisal conducted by a Qualified Appraiser not more than 24 months prior to the purchase) of the real estate to which the mortgage pertains, for the purpose of paying any obligation described in Section 3.2(D) above, on an "as needed basis", as determined in the reasonable judgment of Alpine; (iii) the right to sell or otherwise liquidate (or cause the trustee of the Trust Fund to sell or liquidate) assets in the Trust Fund at any time throu...

Withdrawal of Assets. In no circumstances is Global Prime obliged to issue instructions to the Custodian to transfer Custodial Assets if Global Prime has not consented to the release of the Custodial Assets from the Charge.

Withdrawal of Assets. In no circumstances is UBS obliged to issue instructions to the Custodian to transfer Custodial Assets if UBS has not consented to the release of the Custodial Assets from the Charge.

Withdrawal of Assets. (a) Any securities and evidence of -------------------- indebtedness included in the Assets may be withdrawn from Agent in accordance with Owner's Instructions; provided; however that except as provided below, such Instructions shall direct that the delivery of any such securities and evidences of indebtedness by Agent shall be made only to (i) a bank or trust company or its nominee, (ii) a broker or its nominee, (iii) the DTC or its nominee, (iv) the PTC, or its nominee, (v) The Federal Reserve, or (vi) in the case of commercial paper, to the obligor upon payment. In the event the Instructions direct the delivery of Assets to any person or entity other than as set forth above, such Instructions shall be in writing by the Owner or otherwise be authorized pursuant to a resolution duly adopted by the Owner and provided to agent in accordance with paragraph 14(c) below.

Withdrawal of Assets. After the termination of the business relation, irrespective of whether the termination is initiated by us or you, you are obliged to withdraw all assets by the expiry of the notice period at the latest.

Withdrawal of Assets. If an arrangement with an Eligible Securities Depository no longer meets the requirements of Rule 17f-7, the Custodian (or the Domestic Subcustodian) will withdraw the Fund's Foreign Assets from such depository as soon as reasonably practicable. Standard of Care. In fulfilling its responsibilities under this Section 5(f), the Custodian will exercise reasonable care, prudence and diligence. The Agreement is further amended by inserting the following new Subsection 5(g) after the new Section 5(f): Limitations on Placement of Foreign Assets. A Fund shall not place or maintain any of the Fund's Foreign Assets in any country, and shall as promptly as practicable withdraw the Fund's Foreign Assets from any country, that is identified in the Global Custody Network Listing provided by the Custodian (or the Domestic Subcustodian) as a country where the liability or responsibility of the Approved Foreign Custody Manager or the Custodian (or the Domestic Subcustodian) is conditioned or predicated on the ability of the Approved Foreign Custody Manager or the Custodian (or the Domestic Subcustodian) to recover damages from the Foreign Subcustodian in such country. The Agreement is further amended by deleting Subsection 6(b) in its entirety and inserting the following amended Subsection 6(b) in its place: In no event shall the Custodian incur liability hereunder if the Custodian or any Subcustodian or Securities System, or any Subcustodian, Eligible Securities Depository utilized by any such Subcustodian, or any nominee of the Custodian or any Subcustodian (individually, a "Person") is prevented, forbidden or delayed from performing, or omits to perform, any act or thing which this Agreement provides shall be performed or omitted to be performed, by reason of: (i) any provision of any present or future law or regulation or order of the United States of America, or any state thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction (and the Custodian nor any other Person shall not be obligated to take any action contrary thereto); or (ii) any "Force Majeure," which for purposes of this Agreement, shall mean any circumstance or event which is beyond the reasonable control of the Custodian, a Subcustodian or any agent of the Custodian or a Subcustodian and which adversely affects the performance by the Custodian of its obligations hereunder, by the Subcustodian of its obligations under its subcustody agreement or by any ...

Withdrawal of Assets. If an arrangement with the Third Party no longer meets the requirements of Rule 17f-7, the Bank shall withdraw the Customer’s Foreign Assets from such depository as soon as reasonably practicable.