PLANS AND CUSTODIANSHIP Sample Clauses

PLANS AND CUSTODIANSHIP. (a) The Sponsor offers four types of periodic payment plans: "Fidelity Systematic Investment Plans: Destiny Initial Plans I, for the Accumulation of Shares of Fidelity Destiny Portfolios: Destiny I: Initial Class" (referred to hereinafter as "Destiny Initial Plans I"), "Fidelity Systematic Investment Plans: Destiny New Plans I, for the Accumulation of Shares of Fidelity Destiny Portfolios: Destiny I: New Class" (referred to hereinafter as "Destiny New Plans I"), "Fidelity Systematic Investment Plans: Destiny Initial Plans II, for the Accumulation of Shares of Fidelity Destiny Portfolios: Destiny II: Initial Class" (referred to hereinafter as "Destiny Initial Plans II"), and "Fidelity Systematic Investment Plans: Destiny New Plans II, for the Accumulation of Shares of Fidelity Destiny Portfolios: Destiny II: New Class" (referred to hereinafter as "Destiny New Plans II") (collectively, the "Plans"). The Plans provide for the purchase of shares of a specified series and class of the Fund, or of shares of any other open-end management investment company substituted therefor under the terms of the Plans (all such shares and any fractional interests therein are hereinafter referred to as "Fund Shares"). In the event of a conflict between an applicable Plan Document in effect at the time of establishment of an account in connection with such Plan, the Custodian shall administer the applicable Plan according to this Agreement unless instructed otherwise by the Sponsor. Plans may, but need not, be issued in certificate form. Plans that have been issued in certificate form (a "Certificate") under a Predecessor Custodian Agreement or a Security Agreement, respectively, are substantially in one of the forms attached hereto at Exhibit A and Exhibit B. If a Certificate has been issued in connection with a Plan, then such Plan shall be governed by the terms and conditions set forth in the Certificate. In addition, each Plan, including Plans issued in Certificate form and Plans not issued in Certificate form, shall be governed by the terms and conditions set forth in the prospectus for such Plan as in effect at the time such Plan was issued ("Prospectus"). The terms and conditions set forth in the respective Certificates and Prospectuses (together, the "Plan Documents") are incorporated herein and made a part of this Agreement. Each Plan shall be administered under this Agreement in accordance with applicable Plan Documents in effect at the time of the establishment of an...
Sample 1
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PLANS AND CUSTODIANSHIP. (a) The Sponsor offers four types of periodic payment plans: "
Sample 1

Related to PLANS AND CUSTODIANSHIP

  • Custodianship The parties hereto acknowledge that U.S. Bank, National Association will act as custodian of the Serviced Mortgage Files for the Trustee pursuant to the Trust Agreement.

  • Custodians and nominees The Security Agent may appoint and pay any person to act as a custodian or nominee on any terms in relation to any asset of the trust as the Security Agent may determine, including for the purpose of depositing with a custodian this Agreement or any document relating to the trust created under this Agreement and the Security Agent shall not be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reason of the misconduct, omission or default on the part of any person appointed by it under this Agreement or be bound to supervise the proceedings or acts of any person.

  • SPECIAL SUB-CUSTODIANS Upon receipt of Special Instructions (as such term is defined in Section 8 hereof), the Custodian shall, on behalf of one or more Portfolios, appoint one or more banks, trust companies or other entities designated in such Special Instructions to act as a sub-custodian for the purposes of effecting such transaction(s) as may be designated by a Fund in Special Instructions. Each such designated sub-custodian is referred to herein as a “

  • Special Subcustodians Upon receipt of Special Instructions, the Custodian shall, on behalf of a Fund, appoint one or more banks, trust companies or other entities designated in such Special Instructions to act for the Custodian on behalf of such Fund as a subcustodian for purposes of: (i) effecting third-party repurchase transactions with banks, brokers, dealers or other entities through the use of a common custodian or subcustodian; (ii) providing depository and clearing agency services with respect to certain variable rate demand note Securities, (iii) providing depository and clearing agency services with respect to dollar denominated Securities, and (iv) effecting any other transactions designated by such Fund in such Special Instructions. Each such designated subcustodian (hereinafter referred to as a "Special Subcustodian") shall be listed on Appendix A attached hereto, as it may be amended from time to time. In connection with the appointment of any Special Subcustodian, the Custodian shall enter into a subcustodian agreement with the Special Subcustodian in form and substance approved by the appropriate Fund in Special Instructions. The Custodian shall not amend any subcustodian agreement entered into with a Special Subcustodian, or waive any rights under such agreement, except upon prior approval pursuant to Special Instructions.

  • FUND ASSETS HELD IN THE CUSTODIAN'S DIRECT PAPER SYSTEM The Custodian may deposit and/or maintain securities owned by a Portfolio in the Direct Paper System of the Custodian subject to the following provisions:

  • Foreign Subcustodians and Interim Subcustodians (a)(1) Delegation of Directors/Trustees Review of Subcustodians. From time to time, the Custodian may agree to perform certain reviews of Subcustodians and of Subcustodian Contracts as delegate of the Fund's Directors/Trustees. In such event, the Custodian's duties and obligations with respect to this delegated review will be performed in accordance with the terms of the attached 17f-5 Delegation Schedule to this Agreement.

  • SUB-CUSTODIANS Upon receipt of Proper Instructions, the Custodian shall on behalf of a Fund appoint one or more banks, trust companies or other entities located in the United States and designated in the Proper Instructions to act as a sub-custodian for the purposes of effecting such transactions as may be designated by the Fund in the Proper Instructions. The Custodian may place and maintain each Fund’s foreign securities with foreign banking institution sub-custodians employed by the Custodian or foreign securities depositories, all in accordance with the applicable provisions of Sections 4 and 5. An entity acting in the capacity of Underlying Transfer Agent is not an agent or sub-custodian of the Custodian for purposes of this Agreement.

  • Domestic Subcustodians and Securities Depositories The Custodian may deposit and/or maintain, either directly or through one or more agents appointed by the Custodian, Investments of the Fund in any Securities Depository in the United States, including The Depository Trust Company, provided such Depository meets applicable requirements of the Federal Reserve Bank or of the Securities and Exchange Commission. The Custodian may, at any time and from time to time, appoint any bank as defined in Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under Section 17(f) of the 1940 Act and the rules and regulations thereunder, to act on behalf of the Fund as a Subcustodian for purposes of holding Investments of the Fund in the United States.

  • Interim Subcustodians Notwithstanding the provisions of Section 5.01 to the contrary, the Custodian shall not be liable to a Fund for any loss, damage or expense suffered or incurred by such Fund or any of its Portfolios resulting from the actions or omissions of an Interim Subcustodian unless such loss, damage or expense is caused by, or results from, the negligence, misfeasance or misconduct of the Custodian; provided however, in the event of any such loss, damage or expense, the Custodian shall take all reasonable steps to enforce such rights as it may have against such Interim Subcustodian to protect the interests of the Funds and the Portfolios.

  • Master Servicer to Pay Custodian's Fees and Expenses The Master Servicer covenants and agrees to pay to the Custodian from time to time, and the Custodian shall be entitled to, reasonable compensation for all services rendered by it in the exercise and performance of any of the powers and duties hereunder of the Custodian, and the Master Servicer will pay or reimburse the Custodian upon its request for all reasonable expenses, disbursements and advances incurred or made by the Custodian in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ), except any such expense, disbursement or advance as may arise from its negligence or bad faith.

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