Admitted Countries Clause Samples

Admitted Countries. The Depositary shall provide the Services with respect to the Fund Assets, which are to be held in Admitted Countries, taking into account such further arrangements on each class or type of assets to be held for the Fund as are set out in the Service Level Description. The Depositary may provide the Services in other countries provided this is explicitly agreed between the Parties, and subject to any additional terms the Depositary may reasonably require. If and to the extent Financial Instruments or Other Assets are not or no longer held by the Custodian, or any Sub-Custodian or Settlement System, in the Admitted Countries and other countries explicitly agreed between the Parties as provided in the previous sentence, the Depositary may require that, provided that no other Sub-Custodian can be accepted and the Parties cannot agree on an alternative solution, the Fund Manager shall liquidate such Financial Instruments or Other Assets within such term as the Depositary may reasonably require and if the Fund Manager fails to do so, the Depositary may request the competent court to authorize the Depositary to do so on behalf of the Fund Manager and the Fund, provided that the Depositary acts in good faith, in an orderly manner and using its best efforts to realise such Financial Instruments or Other Assets at the best price reasonably obtainable in the market and to credit the Cash Account with the net proceeds of such liquidation. Any (additional) costs in relation to the liquidation shall be for the account of the Fund Manager and the Fund Manager shall indemnify the Depositary for any such costs or claims resulting from such liquidation notwithstanding (niettegenstaande) any liability of the Depositary under Clause 9 of this Agreement, for which – for the avoidance of doubt – the Depositary will not be indemnified by the Fund.
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Related to Admitted Countries

  • New Countries The Fund shall be responsible for informing the Custodian sufficiently in advance of a proposed investment which is to be held in a country in which no Subcustodian is authorized to act in order that the Custodian shall, if it deems appropriate to do so, have sufficient time to establish a subcustodial arrangement in accordance herewith. In the event, the Custodian is unable to establish such arrangements prior to the time the investment is to be acquired, the Custodian is authorized to designate at its discretion a local safekeeping agent, and the use of the local safekeeping agent shall be at the sole risk of the Fund, and accordingly the Custodian shall be responsible to the Fund for the actions of such agent if and only to the extent the Custodian shall have recovered from such agent for any damages caused the Fund by such agent.

  • Territories The Agreement territory is limited to the United States of America, including the District of Columbia, only. It does not include Canada or U.S. Territories including Guam, Puerto Rico, or U.S. Virgin Islands.

  • Territory 33.1 This Agreement applies to the territory in which CenturyLink operates as an ILEC in the State. CenturyLink shall be obligated to provide services under this Agreement only within this territory. 33.2 Notwithstanding any other provision of this Agreement, CenturyLink may terminate this Agreement as to a specific operating territory or portion thereof pursuant to Section 6.7 of this Agreement.

  • Territorial application This Agreement shall apply, on the one hand, to the territories in which the Treaty establishing the European Community is applied, and under the conditions laid down in that Treaty and, on the other hand, to the territory of the United States.

  • Competing Products The provisions of Section 21 are set forth on attached Exhibit H and are incorporated in this Section 21 by this reference.