Common use of No Liability Until Receipt Clause in Contracts

No Liability Until Receipt. The Custodian shall not be liable for, or considered to be the Custodian of, any money whether or not represented by any check, draft, or other instrument for the payment of money, or any securities received by it on behalf of any Portfolio until the Custodian actually receives and collects such money or securities directly or by the final crediting of the Account representing the Portfolio's interest in a Securities System, or a subcustodian.

No Liability Until Receipt. The Custodian shall not be liable for, or considered to be the Custodian of, any money money, whether or not represented by any check, draft, or other instrument for the payment of money, or any securities received by it on behalf of any Portfolio the Fund until the Custodian actually receives and collects such money or securities directly or by the final crediting of the Account account representing the PortfolioFund's interest in a Securities System, the Book- Entry System or a subcustodianthe Depository.

No Liability Until Receipt. The Custodian shall not be liable for, or -------------------------- considered to be the Custodian of, any money money, whether or not represented by any check, draft, or other instrument for the payment of money, or any securities received by it on behalf of any Portfolio the Fund until the Custodian actually receives and collects such money or securities directly or by the final crediting of the Account account representing the PortfolioFund's interest in a Securities System, the Book-Entry System or a subcustodianthe Depository.

No Liability Until Receipt. The Custodian shall not be liable for, or considered to be the Custodian of, any money money, whether or not represented by any check, draft, or other instrument for the payment of money, or any securities received by it on behalf of any Portfolio until the Custodian actually receives and collects such money or securities directly or by the final crediting of the Account account representing the PortfolioFund's interest in a Securities System, the Book-Entry System or a subcustodianthe Depository.

No Liability Until Receipt. The Custodian shall not be liable for, or considered to be the Custodian of, any money whether or not represented by any check, draft, draft or other instrument for the payment of money, or any securities received by it on behalf of any Portfolio until the Custodian actually receives and collects such Custodian Agreement American Independence Funds Trust and INTRUST Bank, N. A. money or securities directly or by the final crediting of the Account representing the Portfolio's ’s interest in a Securities System, or a subcustodiansub-custodian.

No Liability Until Receipt. The Custodian shall not be liable for, or considered to be the Custodian of, any money whether or not represented by any check, draft, draft or other instrument for the payment of money, or any securities received by it on behalf of any Portfolio until the Custodian actually receives and collects such money suchmoney or securities directly or by the final crediting of the Account representing the Portfolio's ’s interest in a Securities System, or a subcustodiansub-custodian.

No Liability Until Receipt. The Custodian shall not be liable for, or considered to be the Custodian of, any money whether or not represented by any check, draft, draft or other instrument for the payment of money, or any securities Securities received by it on behalf of any Portfolio until the Custodian actually receives and collects such money or securities Securities directly or by the final crediting of the Account representing the Portfolio's ’s interest in a Securities System, or a subcustodiansub-custodian.

No Liability Until Receipt. The Custodian shall not be liable for, or considered to be the Custodian of, any money whether or not represented by any check, draft, draft or other instrument for the payment of money, or any securities received by it on behalf of any Portfolio until the Custodian actually receives and collects such money or securities directly or by the final crediting of the Account representing the Portfolio's ’s interest in a Securities System, or a subcustodian.sub-custodian. Custodian Agreement American Independence Funds Trust and INTRUST Bank, N. A.

No Liability Until Receipt. The Custodian shall not be liable for, or considered to be the Custodian of, any money money, whether or not represented by any check, draft, or other instrument for the payment of money, or any securities received by it on behalf of any Portfolio until the Custodian actually receives and collects such money or securities directly or by the final crediting of the Account account representing the PortfolioTrust's interest in a Securities System, the Book-Entry System or a subcustodianthe Depository.