Custodial and Related Services Clause Samples
The 'Custodial and Related Services' clause defines the responsibilities and scope of services provided by a custodian, typically involving the safekeeping and administration of assets on behalf of a client. This clause outlines the specific duties the custodian must perform, such as holding securities, processing transactions, and maintaining accurate records, and may also address related services like reporting or compliance support. Its core function is to clearly allocate responsibilities and set expectations for asset management, thereby reducing the risk of mismanagement or disputes between the parties.
Custodial and Related Services. Folio shall hold, as nominee custodian, the Securities and perform related services with respect to the Issuer to the extent explicitly required by specific provisions contained in Schedule B-1 of this Agreement and shall not be responsible for any duties or obligations not specifically allocated to Folio pursuant to this Agreement, which services shall be contingent upon Issuer meeting its obligations as outlined herein and in Schedule B-2, and as limited by Schedule C of this Agreement (the “Services”). Folio may also, in its sole discretion, take such actions as it reasonably deems necessary to perform due diligence or investigation with respect to the Issuer and/or any Offering at any time and from time to time.
Custodial and Related Services. ▇▇▇▇▇ shall introduce custodian to hold, as nominee custodian, the Private Securities and perform related services with respect to the Issuer to the extent explicitly contemplated by specific provisions contained in Schedule B-1 of this Agreement and shall not be responsible for any duties or obligations not specifically allocated to ▇▇▇▇▇ pursuant to this Agreement, which services shall be contingent upon Issuer meeting its obligations as outlined in this Agreement includingSchedule B-2, and as limited by Schedule C of this Agreement (the “Services”). ▇▇▇▇▇ may also, in its sole discretion, take such actions as it reasonably deems necessary to perform due diligence or investigation with respect to the Issuer and/or any Offering at any time and from time to time.