Custody of Cash and Securities Sample Clauses
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Custody of Cash and Securities. 1. Except as otherwise provided in paragraph 7 of this Article and in Article VIII, the Fund will deliver or cause to be delivered to the Custodian all Securities and all money owned by it, at any time during the period of this Agreement, and shall specify with respect to such Securities and money the Series to which the same are specifically allocated, and the Custodian shall not be responsible for any Securities or money not so delivered. The Custodian shall physically segregate, keep and maintain the Securities of the Series separate and apart from each other Series and from other assets held by the Custodian. Except as otherwise expressly provided in this Agreement, the Custodian will not be responsible for any Securities and money not actually received by it, unless the Custodian has been negligent or has engaged in willful misconduct with respect thereto. The Custodian will be entitled to reverse any credits of money made on the Fund's behalf where such credits have been previously made and money are not finally collected, unless the Custodian has been negligent or has engaged in willful misconduct with respect thereto. The Fund shall deliver to the Custodian a certified resolution of the Board of Trustees of the Fund, substantially in the form of Exhibit A hereto, approving, authorizing and instructing the Custodian on a continuous and on-going basis to deposit in the Book-Entry System all Securities eligible for deposit therein, regardless of the Series to which the same are specifically allocated and to utilize the Book-Entry System to the extent possible in connection with its performance hereunder, including, without limitation, in connection with settlements of purchases and sales of Securities, loans of Securities and deliveries and returns of Securities collateral. Prior to a deposit of Securities specifically allocated to a Series in any Depository, the Fund shall deliver to the Custodian a certified resolution of the Board of Trustees of the Fund, substantially in the form of Exhibit B hereto, approving, authorizing and instructing the Custodian on a continuous and on-going basis until instructed to the contrary by a Certificate to deposit in such Depository all Securities specifically allocated to such Series eligible for deposit therein, and to utilize such Depository to the extent possible with respect to such Securities in connection with its performance hereunder, including, without limitation, in connection with settlements of purchas...
Custody of Cash and Securities. 1. The Portfolio will deliver or cause to be delivered to the Custodian all Portfolio Assets, including cash received for the issuance of its beneficial interests ("shares"), at any time during the period of this Agreement. The Custodian will not be responsible for such Portfolio Assets until actually received by it. Upon such receipt, the Custodian shall hold in safekeeping and physically segregate at all times from the property of any other persons, firms or corporations all Portfolio Assets received by it from or for the account of the Portfolio. The Custodian will be entitled to reverse any credits made on the Portfolio's behalf where such credits have been previously made on the Portfolio's behalf where such credits have been previously made and monies are not finally collected within 90 days of the making of such credits. The Custodian is hereby authorized by the Portfolio to actually deposit any Portfolio Assets in the Book-Entry System or in a Depository, provided, however, that the Custodian shall always be accountable to the Portfolio for the Portfolio Assets so deposited. Portfolio Assets deposited in the Book-Entry System or the Depository will be represented in accounts which include only assets held by the Custodian for customers, including but not limited to accounts in which the Custodian acts in a fiduciary or representative capacity.
2. The Custodian shall credit to a separate account or accounts in the name of the Portfolio all monies received by it for the account of the Portfolio, and shall disburse the same only:
(a) In payment for Securities purchased for the account of the Portfolio, as provided in Article V;
(b) In payment of dividends or distributions, as provided in Article VI hereof;
(c) In payment of original issue or other taxes, as provided in Article VII hereof;
(d) In payment for shares of the Portfolio redeemed by it, as provided in Article VII hereof;
(e) Pursuant to Certificates (i) directing payment and setting forth the name and address of the person to whom the payment is to be made, the amount of such payment and the purpose for which payment is to be made (the Custodian not being required to question such direction) or (ii) if reserve requirements are established for the Portfolio by law or by valid regulation, directing the Custodian to deposit a specified amount of collected funds in the form of U.S. dollars at a specified Federal Reserve Bank and stating the purpose of such deposit; or
(f) In reimbursement of the...
Custody of Cash and Securities. As custodian for the Fund, the Bank will keep safely all of the portfolio securities delivered to the Bank, and will deposit to the account of the Fund all of the cash of the Fund delivered to the Bank, as set forth below.
Custody of Cash and Securities. 1. The Fund will deliver or cause to be delivered to the Custodian all securities and all moneys owned by it, including cash received for the issuance of its shares, at any time during the period of this Agreement. The Custodian will not be responsible for such securities and such moneys until actually received by it. The Fund shall instruct the Custodian from time to time in its sole discretion, by means of a certificate signed in the name of the Fund by two officers in accordance with the provisions of Article IX, or in connection with the purchase or sale of money market securities, by means of the oral instructions of an authorized person, as to the manner in which and in what amounts such securities and moneys are to be deposited on behalf of the Fund in the Book-Entry System or the depository, as each term is defined in Article IX; provided, however, that prior to the deposit of securities of the Fund in either the Book-Entry System or the depository, including a deposit in connection with the settlement of a purchase or sale, or a delivery of loan collateral, the Custodian shall have received a certified resolution of the Fund's Board of Directors specifically approving such deposits by the Custodian on behalf of the Fund in the Book-Entry System or the depository as the case may be. Securities and moneys of the Fund deposited in either the Book-Entry System or the depository, as the case may be, will be represented in accounts which include only assets held by the Custodian for its customers, in fiduciary or representative capacity.
2. The Custodian shall credit to a separate account in the name of the Fund all moneys received by it for the account of the Fund, and shall disburse the same only:
(a) In payment for securities purchased, as provided in Article III hereof; or
(b) In payment of dividends or distributions as provided in Article IV hereof; or
(c) In payment of original issue or other taxes, as provided in Article V hereof; or
(d) In payment for capital stock of the Fund redeemed by it, as provided in Article V hereof; or,
(e) Pursuant to certificates, notices or written instructions of the Fund, signed in its name by any two officers (as defined in Article IX) or, with respect to money market securities, as defined in Article IX, the oral instructions of an authorized person, as defined in Article IX, setting forth the name and address of the person to whom payment is to be made, the amount to be paid, and the corporate purpose for which ...
Custody of Cash and Securities. (a) RECEIPT AND HOLDING OF ASSETS. ------------------------------ The Fund will deliver or cause to be delivered to the Custodian all Securities and monies owned by the Fund at any time during the period of this Agreement. The Custodian will not be responsible for such Securities and monies until actually received by it. The Fund shall instruct the Custodian from time to time in its sole discretion, by means of Written Instructions, or, in connection with the purchase or sale of Money Market Securities, by means of Oral Instructions or Written Instructions, as to the manner in which and in what amounts Securities and monies are to be deposited on behalf of the Fund in the Book-Entry System or the Depository; provided, however, that prior to the deposit of Securities of the Fund in the Book-Entry System or the Depository, including a deposit in connection with the settlement of a purchase or sale, the Custodian shall have received a Certificate specifically approving such deposits by the Custodian in the Book-Entry System or the Depository. Securities and monies of the Fund deposited in the Book-Entry System or the Depository will be represented in accounts which include only assets held by the Custodian for customers, including but not limited to accounts which the Custodian acts in a fiduciary or representative capacity.
Custody of Cash and Securities a. Receipt and Holding of Assets. The Series will deliver or cause to be ----------------------------- delivered to the Custodian all Assets owned by it at any time during the period of this Custody Agreement. The Custodian will not be responsible for such Assets until actually received. The Board specifically authorizes the Custodian to hold Assets or other property of the Series with any domestic subcustodian or Securities Depository, and Foreign Custodians or Eligible Securities Depositories in the Foreign Countries as provided in Article II, as may be directed by the Fund or its investment adviser or subadviser, as the case may be. Assets of the Series deposited in a Securities Depository or Eligible Securities Depositories will be reflected in an account or accounts which include only assets held by the Custodian or a Foreign Custodian for its customers.
Custody of Cash and Securities. 1. Except as otherwise provided in paragraph 7 of this Article and in Article VIII, the Fund will deliver or cause to be delivered to the Custodian all Securities and all moneys owned by it, at any time during the period of this Agreement, and shall specify with respect to such Securities and money the Series to which the same are specifically allocated. The Custodian shall segregate, keep and maintain the assets of the Series separate and apart. The Custodian will not be responsible for any Securities and moneys not actually received by it. The Custodian will be entitled to reverse any credits made on the Fund's behalf where such credits have been previously made and moneys are not finally collected. The Fund shall deliver to the Custodian a certified resolution of the Board of Directors of the Fund, substantially in the form of Exhibit A hereto, approving, authorizing and instructing the Custodian on a continuous and on-going basis to deposit in the Book-Entry System all Securities eligible for deposit therein, regardless of the Series to which the same are specifically allocated and to utilize the Book-Entry System to the extent possible in connection with its performance hereunder, including, without limitation, in connection with settlements of purchases and sales of Securities, loans of Securities and deliveries and returns of Securities collateral. Prior to a deposit of Securities specifically allocated to a Series in the Depository, the Fund shall deliver to the Custodian
Custody of Cash and Securities. 1. The Custodian will from time to time deliver or cause to be delivered certain of the securities and monies owned by any particular Customer to the Selected Foreign Sub-Custodians of such Customer.
2. The Custodian hereby authorizes the Sub-Custodian and each Selected Foreign Sub-Custodian with respect to a particular Customer on a continuous and ongoing basis, until instructed to the contrary by a certificate, to deposit in a securities depository which is a Selected Foreign Sub-Custodian with respect to such Customer all securities of such Customer eligible for deposit therein and to utilize such securities depository to the extent possible in connection with settlements of purchases and sales of securities and other deliveries and returns of securities. Where securities are so deposited in a securities depository, the Selected Foreign Sub-Custodian shall identify as belonging to the Sub-Custodian as agent for the appropriate Customer a quantity of securities in a fungible bulk of securities shown on such Selected Foreign Sub-Custodian's account on the books of such securities depository. Securities and moneys deposited in a securities depository will be represented in accounts which include only assets held by the Selected Foreign Sub-Custodian for customers, including but not limited to, accounts in which such Selected Foreign Sub-Custodian acts in a fiduciary or agency capacity. The Selected Foreign Sub-Custodian shall hold securities of any particular Customer which are not held in a securities depository physically segregated at all times from those of any other Customer, account or person.
3. The Sub-Custodian, directly or through a Selected Foreign Sub-Custodian, shall disburse moneys credited to an Account only:
(a) Pursuant to certificates or written instructions in payment for securities purchased, as provided in Article IV hereof; or
(b) Pursuant to certificates or written instructions setting forth the name and address of the person to whom payment is to be made, the amount to be paid, and the purpose for which payment is to be made.
4. All securities identified in an Account which are issued or issuable only in bearer form, shall be held by the Selected Foreign Sub-Custodian in that form; all other securities identified in an Account may be registered in the name of the Customer, or in the name of any duly appointed nominee of the Selected Foreign Sub-Custodian. The Custodian shall furnish to the Sub-Custodian appropriate instruments to en...
Custody of Cash and Securities. The Fund will deliver or cause to be delivered to the Custodian all securities and all monies owned by it, including cash received for the issuance of its shares, at any time during the period of this Agreement. The Custodian will not be responsible for such securities and such monies until actually received by it.
Custody of Cash and Securities. As custodian for the Fund, the Bank will keep safely all of the Portfolio Securities delivered to the Bank, and will deposit to the account of the Fund all of the cash of the Fund delivered to the Bank, as set forth below.