Transaction Procedures. All series transactions for the Designated Series shall be consummated by payment to, or delivery by, the Custodian(s) from time to time designated by the Fund (the “Custodian”), or such depositories or agents as may be designated by the Custodian in writing, of all cash and/or securities due to or from the Series. The Subadviser shall not have possession or custody of such cash and/or securities or any responsibility or liability with respect to such custody. The Subadviser shall advise the Custodian and confirm in writing to the Fund all investment orders for the Designated Series placed by it with brokers and dealers at the time and in the manner set forth in Schedule A hereto (as amended from time to time). The Fund shall issue to the Custodian such instructions as may be appropriate in connection with the settlement of any transaction initiated by the Subadviser. The Fund shall be responsible for all custodial arrangements and the payment of all custodial charges and fees, and, upon giving proper instructions to the Custodian, the Subadviser shall have no responsibility or liability with respect to custodial arrangements or the act, omissions or other conduct of the Custodian.
Transaction Procedures. All transactions concerning the Portfolio will be consummated by payment to, or delivery by, the Portfolio, of all cash or securities due to or from the Portfolio. Instructions of the Sub-Adviser to the Portfolio, brokers or Custodian shall be made in writing sent by first class mail or, at the option of the Sub-Adviser, orally and confirmed in writing as soon as practical thereafter.
Transaction Procedures. It is the intent of the Parties to facilitate Transactions in accordance with the agreed procedures in this Article 2 and assure that such Transactions are valid and enforceable as a result of the use of these procedures for the mutual benefit of the Parties. Any Transaction may be formed and effectuated (i) by a written paper-based Transaction Agreement executed by the Parties (including by facsimile and/or counterparts) or (ii) in a recorded telephone conversation between the Parties occurring on any Business Day during the Pricing Hours whereby an offer and acceptance shall constitute the agreement of the Parties to a Transaction as evidenced by the Transaction Tape; provided, each Party may stipulate by prior notice to the other Party that any particular contemplated Transaction may be effectuated and formed only by means of procedure (i) above. The Parties shall be legally bound by each Transaction from the time they agree to its terms in accordance with this Article 2 and acknowledge that each Party will rely thereon in doing business related to the Transaction. The Transaction Tape is adopted by the Parties as a means by which a Transaction is reduced to tangible form, and the Parties to a Transaction are identified and authenticate a Transaction. Any Transaction formed and effectuated pursuant to the foregoing shall be considered to be a "writing" or "in writing" and to have been "signed" and any Transaction Tape shall be considered to constitute an "original" document evidencing the Transaction. Each Party consents to the recording of its employees' telephone conversations without any further notice.
Transaction Procedures. All transactions will be consummated by payment to, or delivery by, Client, or such other party or parties as Client may designate in writing (the “Custodian”), of all cash and/or securities due to or from the Account. Adviser shall not act as custodian for the Account, but may issue such instructions to the Custodian as may be appropriate in connection with the settlement of transactions initiated by Adviser pursuant to Paragraph 1 hereof, including instructions for the delivery of securities and the payment of monies. Client hereby authorizes Adviser to bill Custodian directly for its fees relating to Client’s account, and authorizes Custodian to pay Adviser’s fees directly from Client’s account. Instructions of Adviser to Client and/or the Custodian (including invoices for Adviser’s fees) shall be made in writing sent by first-class mail or, at the option of Adviser, orally and confirmed in writing as soon as practical thereafter and Adviser shall instruct all brokers and dealers executing orders on behalf of the Account to forward to Client and/or the Custodian copies of all confirmations promptly after execution of transactions. Adviser shall not be responsible for any loss incurred by reason of any act or omission of any broker or dealer of the Custodian; provided, however, that Adviser will make reasonable efforts to require that brokers and dealers selected by Adviser perform their obligations with respect to the Account. Withdrawal of cash or securities from the portfolio account may be made at any time upon submission seven (7) days in advance of a written notice to Adviser.
Transaction Procedures. The assets of each Account are or will be held in custody by the bank custodian(s) appointed by each Allstate Affiliate from time to time. ALLSTATE INVESTMENTS shall not act as custodian for the assets of any Account and shall not, under any circumstances, have or be deemed to have ownership, custody or physical control of any of the assets of any Account. ALLSTATE INVESTMENTS may, however, issue instructions to, and communicate with, the bank custodian for each Account as may be necessary and appropriate in connection with provision of its services pursuant to this Agreement. At the option of ALLSTATE INVESTMENTS, instructions by ALLSTATE INVESTMENTS to the bank custodian may be made orally or by computer, electronic instruction systems or telecommunications terminals. ALLSTATE INVESTMENTS will confirm that the bank custodian has effected such instructions either by access to the bank's computerized identification system or by telephonic confirmation. The bank custodian will confirm with ALLSTATE INVESTMENTS receipt of trade instructions orally or by computer for the Account. ALLSTATE INVESTMENTS will instruct all brokers, dealers and counterparties executing orders on behalf of the assets of an Account to forward to ALLSTATE INVESTMENTS copies of all confirmations.
Transaction Procedures. All transactions will be consummated by payment to or delivery by the Trust's custodian (the "Custodian"), or such depositories or agents as may be designated by the Custodian in writing, as custodian for the Trust, of all cash and/or securities due to or from the Fund, and the Adviser shall not have possession or custody thereof.
Transaction Procedures. The Subadviser’s duties under this Agreement are limited to providing recommendations to the Adviser with respect to the Designated Series. The Subadviser shall have no authority or responsibility for implementing its recommendations on behalf of the Designated Series, including the execution of any transactions (other than with respect to Subadviser’s recommendations as set forth herein). The Subadviser shall not have possession or custody of such cash and/or securities or any responsibility or liability with respect to such custody.
Transaction Procedures. The Managed Assets are held by the Custodian pursuant to a trust or custody agreement. IIM shall not act as trustee or custodian for the Managed Assets and shall not under any circumstances have custody or physical control of the Managed Assets. IIM may, however, issue instructions to, and communicate with, the Custodian as may be necessary and appropriate in connection with the services provided to the Client under this Agreement. At the option of IIM, instructions from IIM to the Custodian may be made orally or by computer, electronic instruction systems or telecommunications terminals. The Client acknowledges that the Custodian must notify IIM immediately in the event any transaction fails. The Client shall instruct all brokers, dealers, futures commission merchants and counterparties executing orders on behalf of the Managed Assets to forward to IIM copies of all confirmations. The Client shall use its best efforts to have the Custodian comply with IIM’s instructions, including any operating procedures necessary to implement IIM’s instructions, issued in connection with the services provided to the Client under this Agreement. To the extent the Client or the Custodian is obligated to provide IIM with information in connection with IIM’s provision of services hereunder, the Client shall use its best efforts to ensure such information is provided in an accurate and timely manner. IIM shall be entitled to rely on any record provided or instruction, order, or request made by the Custodian pursuant to this Agreement. IIM shall not be liable for any losses caused by any act or omission of the Client or the Custodian in connection with the Client’s or Custodian’s discharge of its duties, or by any act or omission of any employee or agent of the Client or the Custodian.