Termination; Assignment. A. This Agreement may be terminated by VCA-2, or by Custodian, on 60 days' notice, given in writing and sent by registered mail to the following addresses: (i) If to VCA-2, to ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, with a copy to Irving ▇▇▇▇▇▇▇ ▇▇▇; and (ii) If to Custodian, to ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. Upon any termination of this Agreement, pending (i) appointment of a successor to Custodian or (ii) a determination by the VCA-2 Committee to hold its cash, securities and other property in its own custody, Custodian shall not deliver cash, securities or other property of VCA-2 to VCA-2, but may deliver them to a bank or trust company in the City of New York of its own selection, having an aggregate capital, surplus and undivided profits, as shown by its last published report of not less than five hundred thousand dollars ($500,000) as a temporary Custodian for VCA-2 to be held under terms similar to those of this Agreement; provided, however, that Custodian shall not be required to make any such delivery or payment until full payment shall have been made by VCA-2 of all liabilities constituting a charge on or against the properties then held by Custodian or on or against Custodian, and until full payment shall have been made to Custodian of all its fees, compensation, costs and expenses, subject to the provisions of Section 8 of this Agreement. B. This Agreement may not be assigned by Custodian without the consent of VCA-2, authorized by a resolution of the VCA-2 Committee.
Appears in 2 contracts
Sources: Custody Agreement (Prudential Variable Contract Account 2), Custody Agreement (Prudential Variable Contract Account 2)
Termination; Assignment. A. This Agreement may be terminated by VCA-2VCA-10, or by Custodian, on 60 days' notice, given in writing and sent by registered mail to the following addresses:
(i) If to VCA-2VCA-10, to ▇to: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇ Attention: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇ with a copy to to: Irving ▇▇▇▇▇▇▇ ▇▇▇▇ Vice President and Associate General Counsel at the same address; and
(ii) If to Custodian, to to: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, . ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. ▇ Upon any termination of this Agreement, pending (i) appointment of a successor to Custodian or (ii) a determination by the VCA-2 VCA-10 Committee to hold its cash, securities securities, and other property in its own custody, Custodian shall not deliver cash, securities or other property of VCA-2 VCA-10 to VCA-2VCA-10, but may deliver them to a bank or trust company in the City of New York of its own selection, having an aggregate capital, surplus and undivided profits, as shown by its last published report of not less than five hundred thousand dollars Five Hundred Thousand Dollars ($500,000) as a temporary Custodian for VCA-2 VCA-10 to be held under terms similar to those of this Agreement; provided, however, that Custodian shall not be required to make any such delivery or payment until full payment shall have been made by VCA-2 VCA-10 of all liabilities constituting a charge on or against the properties then held by Custodian or on or against Custodian, and until full payment shall have been made to Custodian of all its fees, compensation, costs and expenses, subject to the provisions of Section 8 of this Agreement.
B. This Agreement may not be assigned by Custodian without the consent of VCA-2, authorized by a resolution of the VCA-2 Committee.
Appears in 1 contract
Sources: Custody Agreement (Prudential Variable Contract Account 10)
Termination; Assignment. A. This Agreement may be terminated by VCA-2VCA-11, or by Custodian, on 60 days' notice, given in writing and sent by registered mail to the following addresses:
(i) If to VCA-2VCA-11, to to: ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇ Attention: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇ with a copy to to: Irving ▇▇▇▇▇▇▇ ▇▇▇; and▇ Vice President and Associate General Counsel at the same address;
(ii) If to Custodian, to to: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. ▇ Upon any termination of this Agreement, pending (i) appointment of a successor to Custodian or (ii) a determination by the VCA-2 VCA-11 Committee to hold its cash, securities and other property in its own custody, Custodian shall not deliver cash, securities securities, or other property of VCA-2 VCA-11 to VCA-2, VCA-11 but may deliver them to a bank or trust company in the City of New York of its own selection, having an aggregate capital, surplus and undivided profits, as shown by its last published report of not less than five hundred thousand dollars Five Hundred Thousand Dollars ($500,000) as a temporary Custodian for VCA-2 VCA-11 to be held under terms similar to those of this Agreement; provided, however, that Custodian shall not be required to make any such delivery or payment until full payment shall have been made by VCA-2 VCA-11 of all liabilities constituting a charge on or against the properties then held by Custodian or on or against Custodian, and until full payment shall have been made to Custodian of all its fees, compensation, costs and expenses, subject to the provisions of Section 8 7 of this Agreement.
B. This Agreement may not be assigned by Custodian without the consent of VCA-2, VCA-11 authorized by a resolution of the VCA-2 VCA-11 Committee.
Appears in 1 contract
Sources: Custody Agreement (Prudential Variable Contract Account 11)
Termination; Assignment. A. This Agreement may be terminated by VCA-2VCA-10, or by Custodian, on 60 days' notice, given in writing and sent by registered mail to the following addresses:
(i) If to VCA-2VCA-10, to to: ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇ Attention: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇ with a copy to to: Irving ▇▇▇▇▇▇▇ ▇▇▇▇ Vice President and Associate General Counsel at the same address; and
(ii) If to Custodian, to to: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. ▇ Upon any termination of this Agreement, pending (i) appointment of a successor to Custodian or (ii) a determination detemination by the VCA-2 VCA-10 Committee to hold its cash, securities and other property in its own custody, Custodian shall not deliver cash, securities or other property of VCA-2 VCA-10 to VCA-2, VCA-10 but may deliver them to a bank or trust company in the City of New York of its own selection, having an aggregate capital, surplus and undivided profits, as shown by its last published report of not less than five hundred thousand dollars Five Hundred Thousand Dollars ($500,000) as a temporary Custodian for VCA-2 VCA-10 to be held under terms similar to those of this Agreement; provided, however, that Custodian shall not be required to make any such delivery or payment until full payment shall have been made by VCA-2 VCA-10 of all liabilities constituting a charge on or against the properties then held by Custodian or on or against Custodian, and until full payment shall have been made to Custodian of all its fees, compensation, costs and expenses, subject to the provisions of Section 8 7 of this Agreement.
B. This Agreement may not be assigned by Custodian without the consent of VCA-2, VCA-10 authorized by a resolution of the VCA-2 VCA-10 Committee.
Appears in 1 contract
Sources: Custody Agreement (Prudential Variable Contract Account 10)