Effect on Property Sample Clauses
The "Effect on Property" clause defines how a particular event, agreement, or action impacts the ownership, use, or condition of a property. Typically, this clause outlines what happens to the property in scenarios such as the termination of a contract, the occurrence of damage, or the transfer of interests. For example, it may specify whether improvements made to the property remain with the owner or become the responsibility of another party. The core function of this clause is to provide clarity and certainty regarding the status and handling of the property under specific circumstances, thereby preventing disputes and misunderstandings between parties.
Effect on Property. The Custodian shall deliver the Securities and Cash as instructed by the Client. If by the termination date the Client has not given instructions to deliver any Securities or Cash, the Custodian will continue to safekeep such Securities and/or Cash until the Client provides instructions to effect a free delivery of such. However, the Custodian will provide no other services as regard to any such Securities except to collect and hold any cash distributions. Notwithstanding termination of this Agreement or any Instruction, the Custodian may retain sufficient Securities or Cash to close out or complete any transaction that the Custodian will be required to settle on the Client’s behalf.
Effect on Property. On or prior to the termination date of this agreement, the Custodian shall deliver the Securities and Cash as instructed by the Client. Any such Securities shall be duly endorsed and in the form for transfer. In addition, if requested by Client, Custodian shall provide to any successor custodian its records relating to the Fund. If by the termination date the Client has not given instructions to deliver any Securities or Cash, the Custodian will continue to safekeep such Securities and/or Cash until the Client provides instructions to effect a free delivery of such. However, the Custodian will provide no other services as regard to any such Securities except to collect and hold any cash distributions. Notwithstanding termination of this Agreement or any Instruction, the Custodian may retain sufficient Securities or Cash to close out or complete any transaction that the Custodian will be required to settle on the Client’s behalf.
Effect on Property. Citi will deliver Shares, Securities and Cash as Instructed by the Trust. If by the termination date the Trust has not given Instructions to deliver any Shares, Securities or Cash, Citi will continue to safekeep such Shares, Securities and/or Cash until the Trust provides Instructions to effect a free delivery of such. However, Citi will provide no other services as regard to any such Shares or Securities except to collect and hold any cash distributions. Citi will be entitled to charge the Trust standard fees for Shares, Securities or Cash retained in safekeeping after termination of this Agreement. Notwithstanding termination of this Agreement or any Instruction, Citi may retain sufficient Shares, Securities or Cash to close out or complete any transaction that Citi will be required to settle on the Trust’s behalf.
Effect on Property. If Landlord takes possession of the Leased Premises pursuant to the authority herein granted, then Landlord shall have the right to keep in place and use all of the furniture, fixtures and equipment at the Leased Premises, including that which is owned by or leased to Tenant at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. Landlord shall also have the right to remove from the Leased Premises (without the necessity of obtaining a distress warrant, writ of sequestration or other legal process and without being liable for prosecution or any claim for damages therefor) all or any portion of such furniture, fixtures, equipment and other property located thereon and place same in storage at any place within the County in which the Leased Premises is located; and in such event, Tenant shall be liable to Landlord for costs incurred by Landlord in connection with such removal and storage and shall indemnify, defend and hold Landlord and ▇▇▇▇▇▇▇▇'s Indemnitees harmless from and against all loss, damage, cost, expense and liability in connection with such removal and storage. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any Claimant who presents to Landlord a copy of any instrument represented to Landlord by Claimant to have been executed by ▇▇▇▇▇▇ (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity of said instrument and without the necessity of Landlord's making any nature of investigation or inquiry as to the validity of the factual or legal basis upon which Claimant purports to act; and ▇▇▇▇▇▇ agrees to indemnify, defend and hold Landlord and ▇▇▇▇▇▇▇▇'s Indemnitees harmless from and against all cost, expense, loss, damage and liability incident to Landlord's relinquishment of possession of all or any portion of such furniture, fixtures, equipment or other property to Claimant.
Effect on Property. The Custodian shall deliver the Securities and Cash as instructed by the Client. If by the termination date the Client has not given instructions to deliver any Securities or Cash, the Custodian will continue to safe keep such Securities or Cash until the Client provides instruction to effect a free delivery of such. However, the Custodian will provide no other services as regard to any such Securities except to collect and hold any cash distributions. Notwithstanding the termination of this Agreement or any Instruction, the Custodian may retain sufficient Securities or Cash to close out or complete any transaction that the Custodian will be required to settle on the Client’s behalf. Upon notice of termination of this Agreement, for any reason whatsoever, Custodian and Client agree to provide their committed cooperation to effect an orderly transition of Custodian’s duties and responsibilities hereunder to a new custodian selected by the Client or to the Client as soon as reasonably practicable, and for a period not to exceed one hundred eighty (180) days (the “Transition Period”). Further, Custodian agrees to provide access to the Client’s records relating to Cash and Securities under this Agreement and to facilitate the transfer of such records to a new custodian or to the Client. During the Transition Period all terms and conditions of this Agreement shall continue to be in full force and effect. Such cooperation shall include the development and implementation by the Parties of a conversion plan for the orderly migration of Client’s Cash or Securities. If such cooperation by Custodian requires Custodian to use resources in addition to the resources then regularly used in the performance of its duties under this Agreement, then the Client(s) shall pay Custodian for such additional resources at commercially reasonable rates unless termination of the Agreement was the result of Custodian’s breach of the Agreement. Upon termination, the Custodian will, at the expense and direction of the Client, transfer to the Client or any successor custodian(s) to the Client copies of all Client records, subject to the payment by the Client of unpaid and undisputed amounts due to the Custodian hereunder. If by the termination date the Client has not given Instructions to deliver the Client records, the Custodian will keep the Client records for up to six months until the Client provides Instructions to deliver the Client records, provided that the Custodian will be enti...
Effect on Property