Common use of Failure to Appoint Successor Custodian Clause in Contracts

Failure to Appoint Successor Custodian. If a successor custodian is not designated by the Fund on or before the date of termination of this Agreement, then the Custodian shall have the right to deliver to a bank or trust company of its own selection, which bank or trust company:

Appears in 3 contracts

Samples: Custody Agreement (Beacon Pointe Multi-Alternative Fund), Custody Agreement (Finite Solar Finance Fund), Custody Agreement (Zell Capital)

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Failure to Appoint Successor Custodian. If a successor custodian is not designated by the Fund Trust on or before the date of termination of this Agreementspecified pursuant to Section 10.1 above, then the Custodian shall have the right to deliver to a bank or trust company of its own selection, which bank or trust company:is (a) a "Bank" as defined in the 1940 Act, (b) has aggregate capital, surplus and undivided

Appears in 1 contract

Samples: Custody Agreement (Summit Investment Trust)

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Failure to Appoint Successor Custodian. If a successor custodian is not designated by the Fund on or before the date of termination of this Agreement, then the Custodian shall have the right to deliver to a bank or trust company of its own selection, which bank or trust company:

Appears in 1 contract

Samples: Private Investment Company (WTI Fund XI, Inc.)

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