Limitation on Duty to Collect. Custodian shall promptly notify the Trust whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
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Samples: Custody Agreement (Aip Alternative Strategies Funds), Custody Agreement (Third Avenue Variable Series Trust), Custody Agreement (Blue Chip Investor Fund)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust Company whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio the Company is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's ’s custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 3 contracts
Samples: Custody Agreement (Kayne Anderson MLP Investment CO), Custody Agreement (Kayne Anderson Energy Total Return Fund, Inc.), Custody Agreement (Kayne Anderson Energy Development Co)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio Series is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 2 contracts
Samples: Custody Agreement (Underlying Funds Trust), Custody Agreement (Underlying Funds Trust)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust Company whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio the Fund is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's ’s custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 2 contracts
Samples: Custody Agreement (Wilshire Mutual Funds Inc), Custody Agreement (Wilshire Mutual Funds Inc)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust Company whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a the Portfolio is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 1 contract
Samples: Custody Agreement (Dreyfus Premier Equity Funds Inc)
Limitation on Duty to Collect. Custodian shall promptly notify the Trust Company whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's ’s custody and safekeeping business or of the custody and safekeeping business of such agents.
Appears in 1 contract
Limitation on Duty to Collect. Custodian shall promptly notify the ----------------------------- Trust whenever any money or property due and payable from or on account of any securities or other assets held hereunder for a Portfolio is not timely received by it. Custodian shall not, however, be required to enforce collection, by legal means or otherwise, of any such money or other property not paid when due, but shall receive the proceeds of such collections as may be effected by it or its agents in the ordinary course of Custodian's custody and safekeeping business or of the custody and safekeeping business of such agents.
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