Transactions in Foreign Custody Account. (a) The Custodian or a Foreign Sub-Custodian shall release and deliver Foreign Securities of the Portfolios held by the Custodian or such Foreign Sub-Custodian, or in a Foreign Securities Depository account, only upon receipt of Proper Instructions, which may be continuing instructions when deemed appropriate by the parties, and only in the following cases:
Appears in 90 contracts
Samples: Custodian Services Agreement (Legg Mason Funds Trust), Custodian Services Agreement (Legg Mason Partners Institutional Trust), Custodian Services Agreement (Western Asset Emerging Markets Income Fund Ii Inc.)
Transactions in Foreign Custody Account. (a) The Custodian or a Foreign Sub-Custodian shall release and deliver Foreign Securities of the Portfolios held by the Custodian or such Foreign Sub-Custodian, or in a Foreign Securities Depository account, only upon receipt of Proper InstructionsInstructions (other than those actions which are expressly permitted to be taken without Proper Instructions under Section 2.7 hereof), which may be continuing instructions when deemed appropriate by the parties, and only in the following cases:
Appears in 20 contracts
Samples: Custodian Services Agreement (Western Asset Funds Inc), Custodian Services Agreement (Western Asset Global High Income Fund Inc.), Custodian Services Agreement (Legg Mason Partners Institutional Trust)
