Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 121 contracts
Samples: Custodian Services Agreement (Firsthand Technology Value Fund, Inc.), Amended And (PNC Advantage Funds), Custodian Services Agreement (PNC Funds)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities Securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 13 contracts
Samples: Custodian Services Agreement (Highland Funds I), Form of Custodian Services Agreement (Highland Special Situations Fund II), Custodian Services Agreement (Highland Floating Rate Fund)
Collections. All collections of monies or other property in respect, or which are to become part, part of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and responses, memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust also shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 13 contracts
Samples: Custodian Services Agreement (Pw Equity Opportunity Fund LLC), Custodian Services Agreement (Ubs Pw Credit & Recovery Fund LLC), Custodian Services Agreement (Pw Cypress Fund LLC)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundFunds. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Funds in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the FundFunds. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Funds as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund Funds with periodic status reports of such income collected after a reasonable time.
Appears in 9 contracts
Samples: Custodian Services Agreement (PNC Absolute Return Fund LLC), Custodian Services Agreement (PNC Long-Short TEDI Fund LLC), Custodian Services Agreement (PNC Alternative Strategies TEDI Fund LLC)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property of a Portfolio (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fundsuch Portfolio. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the applicable Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the such Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the applicable Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the such Fund with periodic status reports of such income collected after a reasonable time.
Appears in 8 contracts
Samples: Custodian Services Agreement (Nicholas Applegate Fund Inc), Custodian Services Agreement (Target Portfolio Trust), Custodian Services Agreement (Prudential World Fund Inc)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and responses, memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 8 contracts
Samples: Amended and Restated Custodian Services Agreement (Eii Realty Securities Trust), Custodian Services Agreement (Harvest Funds //), Custodian Services Agreement (Warburg Pincus Trust)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundCompany. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Company in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the FundCompany. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Company as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund Company with periodic status reports of such income collected after a reasonable time.
Appears in 8 contracts
Samples: Custodian Services Agreement (UST Global Private Markets Fund, LLC), Custodian Services Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 1), LLC), Custodian Services Agreement (Grosvenor Registered Multi-Strategy Fund (Te), LLC)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundFunds. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the applicable Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 6 contracts
Samples: Custodian Services Agreement (Legg Mason Permal Global Active Strategies Master Fund), Form of Custodian Services Agreement (Legg Mason Permal Global Active Strategies TEI Fund), Custodian Services Agreement (Wells Fargo Multi-Strategy 100 Fund I, LLC)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundCompany. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Company in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the FundCompany. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Company as soon as reasonably practicable whenever income due on securities Securities is not collected in due course and shall provide the Fund Company with periodic status reports of such income collected after a reasonable time.
Appears in 5 contracts
Samples: Custodian Services Agreement (Highland Distressed Opportunities Fund, Inc.), Custody Agreement (Stratigos Fund LLC), Administrative Services Agreement (Alyeska Fund LLC)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundTrust. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Trust in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the FundTrust. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Trust as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund Trust with periodic status reports of such income collected after a reasonable time.
Appears in 5 contracts
Samples: Custodian Services Agreement (Constellation Funds), Custodian Services Agreement (Hambrecht & Quist Fund Trust), Custodian Services Agreement (BHR Institutional Funds)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC TrustTrust ) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 4 contracts
Samples: Custodian Services Agreement (Flaherty & Crumrine/Claymore Total Return Fund Inc), Custodian Services Agreement (F&c/Claymore Preferred Securities Income Fund Inc), Custodian Services Agreement (Flaherty & Crumrine/Claymore Total Return Fund Inc)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Partnership in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Partnership as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund Partnership with periodic status reports of such income collected after a reasonable time.
Appears in 3 contracts
Samples: Custodian Services Agreement (Hatteras Multi-Strategy Fund II, L.P.), Custodian Services Agreement (Hatteras Master Fund, L.P.), Custodian Services Agreement (Hatteras Multi-Strategy Fund I, L.P.)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 3 contracts
Samples: Custodian Services Agreement (Harris Insight Funds Trust), Custodian Services Agreement (Phoenix Insight Funds Trust), Custodian Services Agreement (Harris Insight Funds Trust)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundPartnership. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Partnership in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the FundPartnership. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Partnership as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund Partnership with periodic status reports of such income collected after a reasonable time.
Appears in 3 contracts
Samples: Custodian Services Agreement (Gam Avalon Multi-Europe Lp), Custodian Services Agreement (Gam Avalon Multi-Global Lp), Custodian Services Agreement (Gam Avalon Multi Technology Lp)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Investment Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Investment Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Investment Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Investment Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Investment Fund with periodic status reports of such income collected after a reasonable time.
Appears in 2 contracts
Samples: Custodian Services Agreement (Multi-Strategy Hedge Opportunities LLC), Custodian Services Agreement (Multi Strategy Hedge Advantage)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and responses, memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust also shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 2 contracts
Samples: Custodian Services Agreement (Morgan J P Hedge Fund Series/Core LLC), Custodian Services Agreement (Morgan J P Hedge Fund Series/Alpha LLC)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the a Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the such Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the such Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the each Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the each Fund with periodic status reports of such income collected after a reasonable time.
Appears in 2 contracts
Samples: Custodian Services Agreement (Eip Investment Trust), Custodian Services Agreement (Eip Investment Trust)
Collections. All collections of monies or other property in respect, ----------- or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 2 contracts
Samples: Custodian Services Agreement (Provident Institutional Funds), Custodian Services Agreement (Provident Institutional Funds)
Collections. All collections of monies or other property in respect, ----------- or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 2 contracts
Samples: Custodian Services Agreement (Spirit of America Investment Fund Inc), Custodian Services Agreement (Torray Fund)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged obligated to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Finance Co of Pennsylvania)
Collections. All collections of monies or other property in ----------- respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Stratton Monthly Dividend Reit Shares Inc)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundPartnership. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Partnership in writing, including copies of all demand letters, any written responses and responses, memoranda of all oral responses and shall await instructions from the FundPartnership. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust also shall also notify the Fund Partnership as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund Partnership with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Pw Technology Partners Lp)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from form the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Elite Group of Mutual Funds)
Collections. All collections of monies or other property in respect, or which that are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until unfil reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Kelmoore Strategic Trust)
Collections. All collections of monies or other property in ----------- respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time. 16.
Appears in 1 contract
Collections. All collections of monies or other property in ----------- respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.reasonable
Appears in 1 contract
Samples: Custodian Services Agreement (Old Dominion Investors Trust Inc)
Collections. All collections of monies or other property in respectrespect of, or which are to become partpart of, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundTrust. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Trust in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the FundTrust. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Trust as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund Trust with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Afl Cio Housing Investment Trust)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC TrustPFPC) shall be at the sole risk of the FundTrust. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Trust in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the FundTrust. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Trust as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund Trust with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundFunds. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the affected Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the affected Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (CFSB Alternative Capital Event Driven Master Fund, LLC)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the FundTrust. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund Trust in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the FundTrust. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund Trust as soon as reasonably practicable whenever income due on securities Securities is not collected in due course and shall provide the Fund Trust with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Highland Capital Multi-Strategy Fund)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also a lso notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable areasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Sit Mutual Funds Trust)
Collections. All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.
Appears in 1 contract
Samples: Custodian Services Agreement (Energy Income & Growth Fund)
