Common use of Alternative Assets Clause in Contracts

Alternative Assets. The Custodian will reflect the Client’s derivatives, loans, private equity holdings, private fund holdings, and investment partnerships on its books and records as belonging to the Client. The Custodian will similarly reflect such other Alternative Assets on its books and records and perform such services and assume such obligations under this Agreement with respect to Alternative Assets as may be mutually agreed. With respect to derivatives, loans, private equity holdings, private fund holdings, and investment partnerships, the Custodian will maintain records of the Client’s ownership and transaction activity, as instructed; make available to the Client reports and itemized statements reflecting such ownership and transaction activity; perform reconciliations of its records, as may be mutually agreed; and settle all transactions according to local market practice. Further, the Custodian will collect income and other payments to which the Client is entitled with respect to loans, and will credit such amounts to the Cash Account of the Client as received, except where Contractual Settlement applies. The Custodian will apply, as may be applicable, for a reduction of withholding tax and refund of any tax paid or tax credits in respect of income payments on Alternative Assets based on the Client’s entitlement under relevant tax treaties or laws which apply in each market that supports a standard tax reclaim process, in all cases as may be set out from time to time in the Client Publications. The Custodian agrees that it will provide all such services with respect to such Alternative Assets (and any other services as may be mutually agreed to with respect to any other Alternative Assets) and perform all such obligations subject to, and in accordance with, the terms of this Agreement, including without limitation the standard of care set forth in Section 17.1. Unless otherwise agreed in writing, the Custodian will not perform any other services or assume any obligations in relation to Alternative Assets. In the event the Custodian does not agree in writing to perform the services and assume the obligations under the Agreement for an instrument which Columbia Management Investment Advisers, LLC has made a good faith determination that it would be in the best interests of the Client’s shareholders to acquire, the Agreement will, upon thirty (30) days prior written notice from the Client, terminate with respect to such Client and the Custodian will proceed with the termination actions as set out in Section 25.5. The Custodian may, in limited Information Classification: Limited Access cases, agree to register the Client’s interests in Alternative Assets in the name of the Custodian, subject to additional documentation and other requirements as the Custodian may specify from time to time.

Alternative Assets. The Custodian will reflect the Client’s derivatives, loans, private equity holdings, private fund holdings, and investment partnerships on its books and records as belonging to the Client. The Custodian will similarly reflect such other Alternative Assets on its books and records and perform such services and assume such obligations under this Agreement with respect to Alternative Assets as may be mutually agreed. With respect to derivatives, loans, private equity holdings, private fund holdings, and investment partnerships, the Custodian will maintain records of the Client’s ownership and transaction activity, as instructed; make available to the Client reports and itemized statements reflecting such ownership and transaction activity; perform reconciliations of its records, as may be mutually agreed; and settle all transactions according to local market practice. Further, the Custodian will collect income and other payments to which the Client is entitled with respect to loans, and will credit such amounts to the Cash Account of the Client as received, except where Contractual Settlement applies. The Custodian will apply, as may be applicable, for a reduction of withholding tax and refund of any tax paid or tax credits in respect of income payments on Alternative Assets based on the Client’s entitlement under relevant tax treaties or laws which apply in each market that supports a standard tax reclaim process, in all cases as may be set out from time to time in the Client Publications. The Custodian agrees that it will provide all such services with respect to such Alternative Assets (and any other services as may be mutually agreed to with respect to any other Alternative Assets) and perform all such obligations subject to, and in accordance with, the terms of this Agreement, including without limitation the standard of care set forth in Section 17.1. Unless otherwise agreed in writing, the Custodian will not perform any other services or assume any obligations in relation to Alternative Assets. In the event the Custodian does not agree in writing to perform the services and assume the obligations under the Agreement for an instrument which Columbia Management Investment Advisers, LLC has made a good faith determination that it would be in the best interests of the Client’s shareholders to acquire, the Agreement will, upon thirty (30) days prior written notice from the Client, terminate with respect to such Client and the Custodian will proceed with the termination actions as set out in Section 25.5. The Custodian may, in limited Information Classification: Limited Access cases, agree to register the Client’s interests in Alternative Assets in the name of the Custodian, subject to additional documentation and other requirements as the Custodian may specify from time to time.