Common use of Partial Redemptions Clause in Contracts

Partial Redemptions. Promptly after the Custodian becomes aware thereof, the Custodian shall notify the Client of the partial redemption of any Securities. If the Custodian or any Subcustodian or Securities Depository holds any Securities in which the Client has an interest as part of a fungible mass, the Custodian or such Subcustodian or Securities Depository may select the securities to participate in partial redemptions, partial payments or other actions affecting less than all securities of the relevant class in any non-discriminatory manner that it customarily uses to make such selection.

Appears in 3 contracts

Samples: Domestic Custody Agreement (Smith Barney Travelers Series Fund Inc), Global Custody Agreement (Nations Annuity Trust), Global Custody Agreement (Smith Barney Shearson Precious Metals & Mineral Fund Inc)

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Partial Redemptions. Promptly after the Custodian becomes ------------------- aware thereof, the Custodian shall notify the Client of the partial redemption of any Securities. If the Custodian or any Subcustodian or Securities Depository holds any Securities in which the Client has an interest as part of a fungible mass, the Custodian or such Subcustodian or Securities Depository may select the securities to participate in partial redemptions, partial payments or other actions affecting less than all securities of the relevant class in any non-non- discriminatory manner that it customarily uses to make such selection.

Appears in 1 contract

Samples: Global Custody Agreement (Delaware Pooled Trust Inc)

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Partial Redemptions. Promptly after the Custodian becomes aware thereof, the Custodian shall notify the Client of the partial redemption of any Securities. If the Custodian or any Subcustodian or Securities Depository holds any Securities in which the Client has an interest as part of a fungible mass, the Custodian or such Subcustodian or Securities Depository may select the securities to participate in partial redemptions, partial payments or other actions affecting less than all securities of the relevant class in any non-discriminatory manner that it customarily uses to make such selection.. (d)

Appears in 1 contract

Samples: Consulting Group Capital Markets Funds

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