RECEIPT OF SECURITIES; SUB-CUSTODIANS. (a) SEI Trust shall hold all securities received by it for the Accounts in a separate account that physically segregates such securities from those of any other persons, firms or corporations, except for securities held in a Book-Entry System. All such securities shall be held or disposed of only upon Written Instructions of the Fund pursuant to the terms of this Agreement. SEI Trust shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities or investment, except upon the express terms of this Agreement or upon Written Instructions authorizing the transaction. In no case may any member of the Fund's Board of Managers, or any officer, employee or agent of the Fund withdraw any securities.
Appears in 3 contracts
Samples: Custodian Services Agreement (Madison Harbor Balanced Strategies Inc), Custodian Services Agreement (Mezzacappa Multi Strategy Plus Fund LLC), Custodian Services Agreement (Mezzacappa Long Short Fund LLC)
RECEIPT OF SECURITIES; SUB-CUSTODIANS. (a) SEI Trust shall hold all securities received by it for the Accounts in a separate account that physically segregates such securities from those of any other persons, firms or corporations, except for securities held in a Book-Entry System. All such securities shall be held or disposed of only upon Written Instructions of the Master Fund pursuant to the terms of this Agreement. SEI Trust shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities or investment, except upon the express terms of this Agreement or upon Written Instructions authorizing the transaction. In no case may any member of the Master Fund's Board of Managers, or any officer, employee or agent of the Master Fund withdraw any securities.
Appears in 1 contract
Samples: Custodian Services Agreement (Goldman Sachs Hedge Fund Partners Registered Master Fund, LLC)
RECEIPT OF SECURITIES; SUB-CUSTODIANS. (a) SEI Trust shall hold all securities received by it for the Accounts in a separate account that physically segregates such securities from those of any other persons, firms or corporations, except for securities held in a Book-Entry System. All such securities shall be held or disposed of only upon Written Instructions of the Feeder Fund pursuant to the terms of this Agreement. SEI Trust shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities or investment, except upon the express terms of this Agreement or upon Written Instructions authorizing the transaction. In no case may any member of the Feeder Fund's Board of Managers, or any officer, employee or agent of the Feeder Fund withdraw any securities.
Appears in 1 contract
Samples: Custodian Services Agreement (Goldman Sachs Hedge Fund Partners Registered Fund LLC)
