CUSTODY TERMS Clause Samples

The Custody Terms clause defines the rules and responsibilities regarding the safekeeping and management of assets or property held by one party on behalf of another. It typically outlines how assets are to be stored, who has access to them, and the standards or procedures for their protection, such as insurance requirements or segregation from other property. This clause ensures that the party holding custody is accountable for the proper care and return of the assets, thereby protecting the interests of the asset owner and reducing the risk of loss or mismanagement.
CUSTODY TERMS. This Section is applicable to Clients for whom we act as custodian or for whom we arrange custody services where a non-segregation Acknowledgement Notice does not apply.
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CUSTODY TERMS. 18.1. Where the Client’s Assets are held or received by the Company, the Company may agree to arrange custody for Assets (“Custody Assets”) to be held in custody. The Company will open, or cause to be opened, such Accounts as are required to safeguard adequately the Client’s ownership rights in those securities and other Assets in the event of the Company’s insolvency, and to minimise the chance of loss or diminution of those Assets. 18.2. The Client hereby authorises the Company to register or arrange the registration of Custody Assets in any name permitted by the Laws. Normally, Custody Assets will be held in the name of an eligible nominee. However, where the Custody Assets are subject to the Laws or market practice outside the Republic of Kazakhstan and it is in the Client’s best interests to do so, the Company may register or record Custody Assets in the name of the custodian or the Company name. If Custody Assets are held in Company name or that of a custodian, the Custody Assets may not be segregated or separately identifiable from the Company Assets or those of a custodian and, in the event of a default by the Company or the custodian, may be not as well protected from any claims by the Company creditors. 18.3. The Company is responsible for the acts of the Company’s nominee to the same extent as for the Company’s own acts. The Company accepts no liability for the default of any other nominees, custodians or third parties. 18.4. Investments registered or recorded in the name of a nominee will be pooled with those of one or more of the Company’s other clients. Accordingly, the Client’s individual entitlements may not be identifiable by separate certificates, physical documents or entries on the register or equivalent electronic records. In the event of an irrecoverable shortfall following any default or failure by the custodian responsible for pooled investments, the Client may not receive full entitlement and may share in that shortfall pro-rata to original share of the Assets in the pool. When corporate events (such as partial redemptions) affect some but not all of the investments held in a pooled Account, the Company will allocate the investments so affected to particular clients in such fair and equitable manner as the Company consider appropriate (which may without limitation involve pro rata allocation). 18.5. The Company will claim all amounts of any dividends, interest, payments or analogous sums to which the Client may be entitled in relat...
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CUSTODY TERMS. This Section 6 shall apply only to the provision of services by the Lending Agent under this Agreement where such services relate to Financial Instruments (as defined below) in relation to the Programme only. Subject to the above, the terms set out in this Section 6 supplement the existing terms of the Agreement and in the event of any conflict between the terms of this Schedule and the other terms of the Agreement, the terms of this Schedule shall override the conflicting terms of, and thereby amend, the Agreement. Where the Lending Agent provides services in respect of Financial Instruments in relation to the Programme, those services will be delivered pursuant to and be governed by the terms of the Agreement as supplemented and amended by this Schedule 3 (which shall be referred to herein as the “Agreement”).
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CUSTODY TERMS. These terms supplement and form part of the N+1 Singer’s Terms of Business and contain information about the terms and conditions that apply where we hold a custody account for you with N+1 Singer (the “Custody Terms”).
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Related to CUSTODY TERMS

  • Delivery Terms All products sent to Customer shall be sent EX Works (EXW) or FCA the Company’s facility in El Cajon, CA, and in domestic packing. Customer will bear and pay for all taxes of any nature imposed prior to, at the time of, or after delivery to, the carrier at the EXW or FCA point. Customer shall also bear and pay for all charges for freight, shipping, consular fees, customs duties, and all costs and charges.

  • Key Terms Throughout this document, “You” and “

  • WARRANTY TERMS The Seller shall provide warranty for the quality of the Equipment for a period of 12 months. The warranty term shall commence on the day following the date of signing of the Handover Protocol pursuant to Section 10.4 hereof. In case the Buyer accepted the Equipment with defects or unfinished work the warranty term shall commence on the day following the date of removal of the defects or unfinished work. The warranty does not cover consumable things.

  • These Terms relate to our general relationship and each Assignment and, subject only to the terms of an Assignment or a variation provided for, these Terms comprise the sole and entire agreement between the Parties relating to the business described, supersede any previous agreement between you and us and, subject only as provided for, override any terms proposed by you.

  • Service Terms Each Service Order will provide for a service term. At the end of the service term of any Service Order, unless either party gives written notice to the other party of its intention not to renew at least ninety (90) days before the end of a service term, the term of such Service Order will automatically renew for successive twelve (12) month periods. Termination of one Service Order will not affect the term of any other Service Order.