Common use of SAFE CUSTODY Clause in Contracts

SAFE CUSTODY. The Client hereby appoints SICO as Custodian of Securities held in the Account. Securities in this context refers to shares, debt instruments and other securities owned by the Client and maintained in dematerialized or physical form, or any certificates, receipts, evidencing or representing the Client’s rights and interests therein. SICO, in its sole discretion may appoint sub-custodians to safe keep Securities acquired in the relevant Exchange(s).

SAFE CUSTODY. The Client hereby appoints SICO as Custodian of Securities held in the Account. Securities in this context refers to shares, debt instruments and other securities owned by the Client and maintained in dematerialized or physical form, or any certificates, receipts, evidencing or representing the Client’s rights and interests therein. SICO, in its sole discretion may appoint sub-custodians to safe keep Securities securities acquired in the relevant Exchange(s).