Common use of Depositories Clause in Contracts

Depositories. The Custodian shall have no liability whatsoever for the action or inaction of any Depository or Foreign Depository or for any Losses resulting from the maintenance of Securities or cash with a Depository or a Foreign Depository, except in each case to the extent such action or inaction is a direct result of the Custodian’s failure to fulfill its obligations hereunder.

Appears in 25 contracts

Samples: Custody Agreement (EGA Frontier Diversified Core Fund), Custody Agreement (PowerShares Exchange-Traded Fund Trust II), Custody Agreement (Powershares Actively Managed Exchange-Traded Fund Trust)

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Depositories. The Custodian shall have no liability whatsoever for the action or inaction of any Depository or Foreign Depository or for any Losses resulting from the maintenance of Securities or cash with a Depository or a Foreign Depository, except in each case to the extent such action or inaction is a direct result of the Custodian’s failure to fulfill its obligations hereunder.

Appears in 5 contracts

Samples: Custody Agreement (Ivy Funds Variable Insurance Portfolios), Custody Agreement (Waddell & Reed Advisors Funds), Custody Agreement (Ivy Funds)

Depositories. The Custodian shall have no liability whatsoever for the action or inaction of any Depository or Foreign Depository or for any Losses resulting from the maintenance of Securities or cash Cash with a Depository or a Foreign Depository, except in each case to the extent such action or inaction is a direct result of the Custodian’s failure to fulfill its obligations hereunder.

Appears in 2 contracts

Samples: Custody Agreement, Version Custody Agreement

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Depositories. The Custodian shall have no liability whatsoever for the action or inaction of any Depository or Foreign Depository or for any Losses resulting from the maintenance of Securities Eligible Collateral or cash Cash with a Depository or a Foreign Depository, except in each case to the extent such action or inaction is a direct result of the Custodian’s failure to fulfill its obligations hereunder.

Appears in 2 contracts

Samples: Custody Agreement, Custody Agreement

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