FX TRANSACTIONS. 1. Whenever the Fund shall enter into an FX Transaction, the Fund shall promptly deliver to the Custodian a Certificate or Oral Instructions specifying with respect to such FX Transaction: (a) the Series to which such FX Transaction is specifically allocated; (b) the type and amount of Currency to be purchased by the Fund; (c) the type and amount of Currency to be sold by the Fund; (d) the date on which the Currency to be purchased is to be delivered; (e) the date on which the Currency to be sold is to be delivered; and (f) the name of the person from whom or through whom such currencies are to be purchased and sold. Unless otherwise instructed by a Certificate or Oral Instructions, the Custodian shall deliver, or shall instruct a Foreign Sub-Custodian to deliver, the Currency to be sold on the date on which such delivery is to be made, as set forth in the Certificate, and shall receive, or instruct a Foreign Sub-Custodian to receive, the Currency to be purchased on the date as set forth in the Certificate.
FX TRANSACTIONS. To the extent that the Client issues any Instruction, including a standing Instruction, for the Custodian to enter into foreign exchange transactions,, a report summarizing the terms of such foreign exchange transactions, including trade and settlement dates, the amounts and currencies exchanged and the exchange rates applied and any fees, charges, costs or commissions charged by any party to such foreign exchange transaction shall be made available to the Client. Included in the Fee Schedule, the Custodian has provided the Client with a schedule (the “FX Pricing”) specifying foreign exchange (“FX”) spreads over Citi benchmarks in connection with FX transactions effected through the Custodian’s AutoFX service and standing instructions. The Custodian represents that upon Instructions the Custodian will execute FX transactions on behalf of the Client at the spreads specified for each type of currency as specified in the Fee Schedule. For currencies not identified on the Fee Schedule, the rates will be on a negotiated basis at the time of any such FX transaction. The FX Pricing may be amended from time to time by mutual agreement. If the Custodian proposes a modification to a spread to reflect increased volatility and agreement cannot be reached on such modification, the Custodian reserves the right to remove the related currency from the Fee Schedule and cease providing benchmark pricing for the related currency, moving to pricing on a negotiated basis at the time of any such FX transaction. The Custodian may decline to act on any Instruction for FX or to effect any FX transactions without regard to the specified rate on the Fee Schedule due to the requirements of applicable law with regard to the FX transaction, applicable market regulations or directives of applicable market authorities, market restrictions or market conditions; provided, however, the Custodian shall give the Client prior notice where practicable.
FX TRANSACTIONS. (a) Whenever a Master Portfolio shall enter into a FX Transaction, the Master Portfolio shall promptly deliver to Custodian a Certificate or Oral Instructions specifying with respect to such FX Transaction: (i) the Series to which such FX Transaction is specifically allocated; (ii) the type and amount of Currency to be purchased by the Master Portfolio; (iii) the type and amount of Currency to be sold by the Master Portfolio; (iv) the date on which the Currency to be purchased is to be delivered; (v) the date on which the Currency to be sold is to be delivered; and (vi) the name of the person from whom or through whom such Currencies are to be purchased and sold. Unless otherwise instructed by a Certificate or Oral Instructions, Custodian shall deliver, or shall instruct a Foreign Sub-Custodian to deliver, the Currency to be sold on the date on which such delivery is to be made, as set forth in the Certificate, and shall receive, or instruct a Foreign Sub-Custodian to receive, the Currency to be purchased on the date as set forth in the Certificate.
FX TRANSACTIONS. 10.1 RBCIS will generally treat any FX Transaction with a settlement date between T+2 and T+5 as a Spot FX Transaction if (a) sufficient details relating to the underlying security trade are provided to RBCIS at the time of execution, or (b) RBCIS has concluded that such FX Transaction is a Spot FX Transaction (e.g. by virtue of the trading relationship, the FX Transaction being executed under a Standing Mandate Trade Instruction given by the Customer to RBCIS). Otherwise, RBCIS will treat such FX Transaction as an FX forward transaction.
FX TRANSACTIONS. 1. Whenever the Fund shall enter into an FX Transaction, the Fund shall promptly deliver to the Custodian a Certificate or Oral Instructions specifying with respect to such FX Transaction: (a) the Series to which such FX Transaction is specifically allocated; (b) the type and amount of Currency to be purchased by the Fund; (c) the type and amount of Currency to be sold by the Fund; (d) the date on which the
FX TRANSACTIONS. 6.1 SHKFX may, in carrying out Client’s instructions, contract or otherwise deal with or through any broker for the purchase, sale of, or otherwise dealing in, FX, or any person associated with SHKFX in any manner, on such terms as SHKFX may in its discretion determine.
FX TRANSACTIONS. 1. Whenever the Fund shall enter into an FX Transaction, the Fund shall promptly deliver to the Custodian a Certificate or Oral Instructions specifying with respect to such FX Transaction: (a) the type and amount of Currency to be purchased by the Fund; (b) the type and amount of Currency to be sold by the Fund; (c) the date on which the Currency to be purchased is to be delivered; (d) the date on which the Currency to be sold is to be delivered; and (e) the name of the person from whom or through whom such currencies are to be purchased and sold. Unless otherwise instructed by a Certificate or Oral Instructions, the Custodian shall deliver, or shall instruct a Foreign Sub-Custodian to deliver, the Currency to be sold on the date on which such delivery is to be made, as set forth in the Certificate, and shall receive, or instruct a Foreign Sub-Custodian to receive, the Currency to be purchased on the date as set forth in the Certificate.
FX TRANSACTIONS. 1. Whenever the Fund shall enter into an FX Transaction, the Fund shall promptly deliver to the Custodian a Certificate or Oral Instructions specifying with respect to such FX Transaction: (a) the Series to which such FX Transaction is specifically allocated; (b) the type and amount of Currency to be purchased by the Fund; (c) the type and amount of Currency to be sold by the Fund; (d) the date on which the Currency to be purchased is to be delivered; (e) the date on which the Currency to be sold is to be delivered; and (f) the name of the person from whom or through whom such currencies are to be purchased and sold. Unless otherwise instructed by a Certificate or Oral Instructions, the
FX TRANSACTIONS. 8.1 Unless RBCIS and the Customer otherwise agree in writing, RBCIS will send the Customer confirmations (each a “FX Confirmation”) at the end of the trading day for any FX Transactions executed that trading day, by electronic mail or fax to the e-mail address or fax number that RBICS has on record for the Customer. The Customer will be responsible for informing RBCIS of any change to the Customer’s e- mail address, the non-receipt of a FX Confirmation, or whether any FX Confirmations is incorrect before settlement. FX Confirmations shall, in the absence of manifest error, be conclusive and binding on the Customer, unless RBCIS receives objection in writing from the Customer within one Business Day of RBCIS sending the FX Confirmation to the Customer or RBCIS notifies the Customer of an error in the FX Confirmation within the same period.
FX TRANSACTIONS. Ravenswood may request and BABC may, in its sole and absolute discretion, arrange for Ravenswood to enter into FX Transactions with the Bank. Each Borrower agrees to indemnify and hold BABC harmless from all losses, liabilities, costs, expenses and claims incurred by BABC arising from or related to such FX Transactions pursuant to the FX Indemnity. Each Borrower agrees to pay the Bank all amounts owing to the Bank pursuant to the FX Transactions. Ravenswood agrees that it shall provide to the Bank and BABC a certified copy of resolutions of the Board of Directors of Ravenswood authorizing Ravenswood to enter into the FX Transactions with the Bank prior to Ravenswood's entering into any FX Transaction with the Bank. Ravenswood understands and agrees that the Bank shall require Ravenswood to pay to the Bank sufficient cash to settle each FX Transaction one (1) Business Day prior to the settlement date of each FX Transaction. Ravenswood further agrees to negotiate with the Bank to enter into an International Foreign Exchange Master Agreement relating to the FX Transactions on or before July 15, 1998. Each Borrower acknowledges and agrees that Ravenswood's entering into the FX Transactions with the Bank (a) is in the sole and absolute discretion of the Bank, (b) is subject to all rules and regulations of the Bank, and (c) is due
