Common use of Use of a Depository Clause in Contracts

Use of a Depository. Provided (i) the Bank has received a certified copy of a resolution of the Fund's Board specifically approving deposits in DTC and PTC or other such Depository; (ii) the Bank appoints any such depository its agent; and (iii) for each year following such Board approval, the Board has reviewed and approved the arrangement and has not delivered an Officer's Certificate to the Bank indicating that it has withdrawn its approval:

Appears in 3 contracts

Samples: Custodian Agreement (MFS Series Trust I), Custodian Agreement (MFS Variable Insurance Trust), Custodian Agreement (MFS Series Trust V)

AutoNDA by SimpleDocs

Use of a Depository. Provided (i) the Bank has received a certified copy of a resolution of the Fund's Board or the Manager specifically approving deposits in DTC and PTC or other such Depository; Depository and (ii) the Bank appoints for any subsequent changes to such depository its agent; and (iii) for each year arrangements following such Board approval, the Board or the Manager has reviewed and approved the arrangement and has not delivered an Officer's ’s Certificate to the Bank indicating that it the Board or the Manager has withdrawn its approval:

Appears in 1 contract

Samples: Custodian Agreement (FFTW Funds Inc)

Use of a Depository. Provided (i) the Bank has received a certified copy of a resolution of the Fund's Board or the Manager specifically approving deposits in DTC and PTC or other such Depository; Depository and (ii) the Bank appoints for any subsequent changes to such depository its agent; and (iii) for each year arrangements following such Board approval, the Board or the Manager has reviewed and approved the arrangement and has not delivered an Officer's Certificate to the Bank indicating that it the Board or the Manager has withdrawn its approval:

Appears in 1 contract

Samples: Custodian Agreement (Tiff Investment Program Inc)

Use of a Depository. Provided (i) the Bank has received a certified copy of a resolution of the Fund's Board Trustees of the Trust specifically approving deposits in DTC and PTC or other such Depository; Depository and (ii) the Bank appoints any such depository its agent; and (iii) for each year following such Board approval, the Board has Trustees of the Trust have reviewed and approved the arrangement and has have not delivered an Officer's ’s Certificate to the Bank indicating that it has the Trustees have withdrawn its their approval:

Appears in 1 contract

Samples: Conforming Custodian Agreement (GMO Series Trust)

AutoNDA by SimpleDocs

Use of a Depository. Provided (i) the Bank has received a certified copy of a resolution of the Fund's Board Manager specifically approving deposits in DTC and PTC or other such Depository; Depository and (ii) the Bank appoints for any subsequent changes to such depository its agent; and (iii) for each year arrangements following such Board approval, the Board Manager has reviewed and approved the arrangement and has not delivered an Officer's Certificate to the Bank indicating that it the Manager has withdrawn its approval:

Appears in 1 contract

Samples: Custody Agreement (HSBC Investor Funds)

Time is Money Join Law Insider Premium to draft better contracts faster.