Common use of Client Clause in Contracts

Client. The Client further represents and warrants to the Custodian that: (i) it is the beneficial owner of the assets comprising the Portfolio or is entitled to deal with the assets comprising the Portfolio under this Agreement as if it were beneficial owner; and (ii) unless otherwise agreed, the Client acts as principal for the purposes of this Agreement and not as agent for another person.

Appears in 64 contracts

Sources: Custody Agreement (Strategic Trust), Custodian Agreement (New Mountain Private Credit Fund), Custody Agreement (Diamond Hill Securitized Credit Fund)

Client. The Client further represents and warrants to the Custodian that: (i) it is the beneficial owner of the assets comprising the Portfolio or is entitled to deal with the assets comprising the Portfolio under this Agreement as if it were beneficial owner; and (ii) unless otherwise agreed, the Client acts as principal for the purposes of this Agreement and not as agent for another person.. Information Classification: Limited Access

Appears in 2 contracts

Sources: Custody Agreement (Lord Abbett Private Credit Fund), Custody Agreement (Apollo S3 Private Markets Fund)

Client. The Client (and a Subsidiary, as applicable) further represents and warrants to the Custodian that: (i) it is the beneficial owner of the assets comprising the Portfolio or is entitled to deal with the assets comprising the Portfolio under this Agreement as if it were beneficial owner; and (ii) unless otherwise agreed, the Client (and a Subsidiary, as applicable) acts as principal for the purposes of this Agreement and not as agent for another person.

Appears in 2 contracts

Sources: Custody Agreement (Cascade Private Capital Fund), Custody Agreement (MassMutual Access Pine Point Fund)

Client. The Client further represents and warrants to the Custodian that: (i) it or the applicable Fund is the beneficial owner of the assets comprising the Portfolio or is entitled to deal with the assets comprising the Portfolio under this Agreement as if it were beneficial owner; and (ii) unless otherwise agreed, the Client or the applicable Fund acts as principal for the purposes of this Agreement and not as agent for another person.

Appears in 1 contract

Sources: Custody Agreement (Kraneshares Crypto Trust)

Client. The Client further represents and warrants to the Custodian that: (i) it is the beneficial owner of the assets comprising the Portfolio or is entitled to deal with the assets comprising the Portfolio under this Agreement as if it were beneficial owner; and (ii) unless otherwise agreed, the Client acts as principal for the purposes of this Agreement and not as agent for another person.and

Appears in 1 contract

Sources: Custody Agreement (Northern Lights Fund Trust Iii)