Use of Depositories. Secured Party and Pledgor hereby authorize Securities Intermediary to utilize Depositories to the extent possible in connection with its performance hereunder. Collateral held by Securities Intermediary in a Depository will be held subject to the rules, terms and conditions of such Depository. Where Collateral is held in a Depository, Securities Intermediary shall identify on its records as belonging to Pledgor and pledged to Secured Party a quantity of securities as part of a fungible bulk of securities held in Securities Intermediary’s account at such Depository. Securities deposited in a Depository will be represented in accounts which include only assets held by Securities Intermediary for its customers.
Use of Depositories. State Street may deposit and/or maintain securities owned by a Portfolio in a Depository in compliance with the conditions of Rule 17f-4 under the 1940 Act. Custodial Services Service Module 3 BTC | State Street CONFIDENTIAL
Use of Depositories. Secured Party and Pledgor hereby authorize Securities Intermediary to utilize Depositories in connection with its performance hereunder. Indemnification Collateral or Pledge Collateral held by Securities Intermediary in a Depository will be held subject to the rules, terms and conditions of such Depository. Where Indemnification Collateral or Pledge Collateral is held in a Depository, Securities Intermediary shall identify on its records as belonging to Pledgor and pledged to Secured Party or Pledge Collateral Agent for the benefit of Secured Party, as appropriate, a quantity of securities as part of a fungible bulk of securities held in Securities Intermediary’s account at such Depository. Securities deposited in a Depository will be represented in accounts which include only assets held by Securities Intermediary for its customers.
Use of Depositories. The Agent and the Customer hereby authorize the Custodian to utilize Depositories to the extent possible in connection with its performance hereunder. Collateral held by the Custodian in a Depository will be held subject to the rules, terms and conditions of such Depository. Where Collateral is held in a Depository, the Custodian shall identify on its records as belonging to the Customer and pledged to the Agent a quantity of securities as part of a fungible bulk of securities held in the Custodian’s account at such Depository. Securities deposited in a Depository will be represented in accounts which include only assets held by the Custodian for its customers.
Use of Depositories. To the extent the nature of a Security may require or it is customary for such Security, Provider may deposit and/or maintain Securities owned by a Lending Fund in a Depository in compliance with the conditions of Rule 17f-4 under the 1940 Act. Securities held by Provider in a Depository will be held subject to the customary rules, terms, and conditions of such Depository and, on the basis of such terms, a Depository may have a security interest or lien over, or right of set-off in relation to the Securities. Where Securities are held in a Depository, Provider shall identify on its records as belonging to Lending Fund, a quantity of Securities as part of a fungible bulk of Securities held in Provider’s account at such Depository. To the extent permitted by applicable Law and consistent with market practice, Securities deposited in a Depository will be represented in accounts that include only assets held by Provider for its customers. The Lending Funds acknowledge that Provider may use domestic Depositories and their related nominees to hold, receive, exchange, release, lend, deliver and otherwise deal with Securities and to receive and remit, on behalf of a Lending Fund, all income and other payments thereon and to take all steps necessary and proper in connection with the collection thereof.
Use of Depositories. PFPC Trust will deposit in a Depository all securities belonging to the Portfolios eligible for deposit therein and will utilize Depositories to the extent possible in connection with settlements of purchases and sales of securities by the Portfolios, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PFPC Trust shall continue to perform such duties until it receives Written or Oral Instructions authorizing contrary actions. Assets maintained in a Depository shall be subject to the rules, terms, conditions and procedures of that Depository, and PFPC Trust shall not have liability relative to such rules, terms, conditions or procedures. Notwithstanding anything in this Agreement to the contrary, PFPC Trust's use of a Book-Entry System shall comply with the requirement of Rule 17f-4 under the 1940 Act. PFPC Trust shall administer a Depository as follows:
Use of Depositories. To the extent the nature of a Security may require or it is customary for such Security, Provider may deposit and/or maintain Securities owned by a BFA Recipient in a Depository in compliance with the conditions of Rule 17f-4 or Rule 17f-7 under the 1940 Act. Securities held by Provider in a Depository will be held subject to the customary rules, terms, and conditions of such Depository. Where Securities are held in a Depository, Provider shall identify on its records as belonging to BFA Recipient, a quantity of Securities as part of a fungible bulk of Securities held in Provider’s account at such Depository. To the extent permitted by applicable Law and consistent with market practice, Property deposited in a Depository will be represented in accounts that include only assets held by Provider for its customers. Each Depository shall operate on such terms as such Depository customarily operates and, on the basis of such terms, a Depository may have security interest in, or lien on, or right of setoff in respect of the Property. Provider shall not be liable to repay Securities credited to a BFA Account and held at Provider’s or Provider’s Sub-Custodian’s account at such Depository that Provider is not able to recover and credit back to such account; provided that the inability to recover and credit back to any BFA Account such Security is not the direct result of Provider’s failure to fulfill its duties hereunder. Provider shall use its Commercially Reasonable Efforts to recover such Securities in accordance with applicable market practice and Provider shall have no obligation or liability to credit or repay to any BFA Account Property that it is unable to recover as a result of losses arising out of nationalization, expropriation or other governmental action; regulation of the banking or securities industry, exchange or currency controls or restrictions, devaluations or fluctuations or currency redenomination, availability of securities or cash, or market conditions that prevent the transfer of property or the execution of transactions or that affect the value of property (collectively, “Country Risk Events”).
Use of Depositories. (a) Chase Texas may deposit Financial Assets with, and hold Financial Assets in, any securities depository, settlement system, dematerialized book entry system or similar system (collectively a "Securities Depository") on such terms as such systems customarily operate and the Fund will provide Chase Texas with such documentation or acknowledgements that Chase Texas may require to hold the Financial Assets in such systems. Chase Texas will have no responsibility for any act or omission by (or the insolvency of) any Securities Depository. In the event the Fund incurs a loss due to the negligence, willful misconduct, or insolvency of a Securities Depository, Chase Texas will make reasonable endeavors, in its discretion, to seek recovery from the Securities Depository.
Use of Depositories. Secured Party hereby authorizes Custodian to utilize Depositories to the extent possible in connection with its performance hereunder. Collateral held by Custodian in or maintained by a Depository will be held subject to the regulations, rules, terms and conditions applicable to such Depository. Where Collateral is held in or maintained by a Depository, Custodian shall identify such Collateral on its records as pledged to Secured Party as a quantity of securities as part of a fungible bulk of securities held in Custodian’s account at such Depository. Collateral deposited in or maintained by a Depository will be represented in accounts which include only assets held by Custodian for its customers.
Use of Depositories. Company hereby authorizes Custodian to utilize Depositories to the extent possible in connection with its performance hereunder. Assets held by Custodian in or maintained by a Depository will be held subject to the regulations, rules, terms and conditions applicable to such Depository. Where an Asset is held in or maintained by a Depository, Custodian shall identify such Asset on its records as pledged to Secured Party as a quantity of Securities as part of a fungible bulk of Securities held in Custodian’s account at such Depository. Assets deposited in or maintained by a Depository will be represented in accounts which include only assets held by Custodian for its customers.
