Cash Held by a Sub-Custodian. 4.4.1. In some circumstances applicable law and regulation may require the sub-custodian to establish and maintain the local cash account in the name of the Client rather than in the name of the Custodian. In any such case, the Client hereby authorizes the Custodian as agent of the Client, and agrees to confirm and ratify any steps taken by the Custodian, to open a cash account with the relevant sub-custodian in the name of the Client.
Appears in 10 contracts
Samples: Custodial Services Agreement (Diameter Credit Co), Custodial Services Agreement (Schwab Annuity Portfolios), Custodial Services Agreement (Schwab Investments)
Cash Held by a Sub-Custodian. 4.4.1. 4.3.1 In some circumstances applicable law and regulation may require the sub-custodian to establish and maintain the local cash account in the name of the Client rather than in the name of the Custodian. In any such case, the Client hereby authorizes authorises the Custodian as agent of the Client, and agrees to confirm and ratify any steps taken by the Custodian, to open a cash account with the relevant sub-custodian in the name of the Client.
Appears in 3 contracts
Samples: Escrow and Custody Agreement (Letterone Investment Holdings S.a.r.l.), Escrow and Custody Agreement (CUKUROVA FINANCE INTERNATIONAL LTD), Escrow and Custody Agreement (TELIA Co AB)
Cash Held by a Sub-Custodian. 4.4.1. 4.5.1 In some circumstances applicable law and regulation Applicable Law may require the sub-custodian to establish and maintain the local cash account in the name of the Client rather than in the name of the Custodian. In any such case, the Client hereby authorizes authorises the Custodian as agent of the Client, and agrees to confirm and ratify any steps taken by the Custodian, to open a cash account with the relevant sub-custodian in the name of the Client.
Appears in 1 contract
Samples: Global Custodial Services Agreement
Cash Held by a Sub-Custodian. 4.4.1. 4.4.1 In some circumstances applicable law and regulation may require the sub-custodian to establish and maintain the local cash account in the name of the Client rather than in the name of the Custodian. In any such case, the Client hereby authorizes the Custodian as agent of the Client, and agrees to confirm and ratify any steps taken by the Custodian, to open a cash account with the relevant sub-custodian in the name of the Client.
Appears in 1 contract
Samples: Global Custodial and Agency Services Agreement (Emles Trust)
Cash Held by a Sub-Custodian. 4.4.1. 5.4.1 In some circumstances applicable law and regulation may require the sub-sub- custodian to establish and maintain the local cash account in the name of the Client rather than in the name of the Custodian. In any such case, the Client hereby authorizes the Custodian as agent of the Client, and agrees to confirm and ratify any steps taken by the Custodian, to open a cash account with the relevant sub-custodian in the name of the Client.
Appears in 1 contract
Samples: Global Custodial Services Agreement
