Foreign Custody Manager definition

Foreign Custody Manager has the meaning set forth in section (a)(3) of Rule 17f-5.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Foreign Custody Manager means the Fund’s foreign custody manager appointed pursuant to Rule 17f-5 of the 1940 Act.

Foreign Custody Manager shall have the meaning assigned to it in Rule 17f-5.

Examples of Foreign Custody Manager in a sentence

If Bank is not acting as Foreign Custody Manager for the relevant Portfolio at such time, Customer shall give Bank appropriate notice of such determinations.
Customer also confirms that, if Bank is acting as Customer’s Foreign Custody Manager and has delivered an Adverse Notification to Customer, Bank, as Foreign Custody Manager, shall have no further responsibility under this Agreement in relation to Customer’s Foreign Assets held under any custody arrangement covered by such Adverse Notification following the Adverse Notification.
Customer and Bank shall act in conformity with such rule (including any amendments thereto or successor provisions) for as long as Bank acts as Customer’s Foreign Custody Manager.
Customer hereby appoints Bank as its Foreign Custody Manager for each Portfolio in accordance with Rule 17f-5.
Customer hereby confirms that Customer will withdraw its Foreign Assets from any non-U.S. custodian as soon as reasonably practicable upon written notification from Customer’s Foreign Custody Manager that custody arrangements with such custodian no longer meet the requirements of Rule 17f-5 (an “Adverse Notification”).

More Definitions of Foreign Custody Manager

Foreign Custody Manager has the meaning set forth in Section (a)(3) of Rule 17f-5 promulgated under the 1940 Act.

Foreign Custody Manager or "FCM" has the meaning set forth in section (a)(2) of Rule 17f-5.

Foreign Custody Manager means a Foreign Custody Manager as defined in Rule 17f-5(a)(3) under the 1940 Act.

Foreign Custody Manager has the meaning set forth in section (a)(3) of Rule 17f-5 (as such term may be interpreted or modified by appropriate action of the SEC).

Foreign Custody Manager has the same meaning as in Rule 17f-5 under the 1940 Act.

Foreign Custody Manager has the meaning set forth in section (a)(2) of Rule 17f-5; it is a Fund's Board of Directors or any person serving as the Board's delegate under sections (b) or (d) of Rule 17f-5.

Foreign Custody Manager shall have the meaning provided in the Rule.