Foreign Securities Depository definition

Foreign Securities Depository means a foreign securities clearing system qualifying as an Eligible Securities Depository (as defined in Section (b)(1) of Rule 17f-7 under the 0000 Xxx) that is listed on Schedule B annexed hereto, as amended from time to time pursuant to Section 4.5 hereof.

Foreign Securities Depository shall have the meaning provided in Section 4.1 hereof.

Foreign Securities Depository means any system for the central handling of securities abroad where all securities of any particular class or series of any issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping without physical delivery of the securities by any Chase Branch or Foreign Bank.

Examples of Foreign Securities Depository in a sentence

• Notwithstanding anything to the contrary in Section 8 of this Agreement, for the avoidance of doubt the Custodian shall have no obligation to withdraw assets from a Foreign Securities Depository other than upon receipt of such Proper Instructions from the Funds.

• Nothing in this Agreement shall be read to limit the responsibility or liability of the Custodian or a Foreign Custodian for their failure to exercise reasonable care with regard to any decision or recommendation made by the Custodian or Subcustodian regarding the use or continued use of a Foreign Securities Depository.

• The Custodian shall monitor such risks on a continuing basis, shall promptly notify the Fund of any material change in such risks, in accordance with Section (a)(1)(i)(B) of Rule 17f-7 and the Funds shall, as soon as reasonably practicable and via Proper Instructions to the Custodian, withdraw the Fund’s assets from a Foreign Securities Depository if the custody arrangements with such Foreign Securities Depository no longer meets the requirements of Rule 17f-7.

• The Custodian shall not be liable to any Fund for any loss, damage or expense suffered or incurred by such Fund resulting from or occasioned by the actions or omissions of a Securities System, Interim Subcustodian, Special Subcustodian, Foreign Securities Depository or Clearing Agency unless such loss, damage or expense is caused by, or results from, the fraud, negligence or willful misconduct of the Custodian.

• Unless instructed otherwise by the Fund, the Custodian may deposit and/or maintain non-U.S. Investments of the Fund in any Foreign Securities Depository provided such Securities Depository meets the requirements of an "eligible securities depository" under Rule 17f-7 promulgated under the 1940 Act, or any successor rule or regulation ("Rule 17f-7") or which by order of the Securities and Exchange Commission is exempted therefrom.

More Definitions of Foreign Securities Depository

Foreign Securities Depository means a foreign securities depository or clearing agency as defined in the 1940 Act.

Foreign Securities Depository means a foreign securities clearing system qualifying as an Eligible Securities Depository (as defined in Section (b)(1) of Rule 17f-7 under the 1940 Act) that is listed on SCHEDULE B annexed hereto, as amended from xxxx xx time pursuant to Section 4.5 hereof.

Foreign Securities Depository means a foreign securities depository or clearing agency which is an Eligible Securities Depository.

Foreign Securities Depository means a system that (i) acts as or operates a system for the central handling of Securities or equivalent book-entries in the country where it is incorporated, or a transnational system for the central handling of Securities or equivalent book-entries; (ii) is regulated by a foreign financial regulatory authority as defined by Section 2(a)(50) of the 1940 Act; (iii) holds assets for the custodian that participates in the system under safekeeping conditions no less favorable than the conditions that apply to other participants; (iv) maintains records that identify the assets of each participant and segregate the system's own assets from the assets of participants; (v) provides periodic reports to its participants with respect to safekeeping of assets, including notices of transfers to or from any participant's account; and (vi) is subject to periodic examination by regulatory authorities or independent accountants.

Foreign Securities Depository means a securities depository (as defined in subparagraph (a)(6) of the Rule) or clearing agency used in connection with Foreign Assets and with respect to which one of the Fund's custodian banks has not accepted the role of Foreign Custody Manager.

Foreign Securities Depository means any system for the central handling of securities abroad where all securities of any particular class or series of any issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping without physical delivery of the securities by any JPMorgan Branch or Foreign Bank and which shall be limited to Eligible Securities Depositories as defined in (ii)(a) of the definition of Eligible Securities Depositories contained herein; provided that, for purposes of the sections of this Agreement addressing JPMorgan liability (including, but not limited to, Sections 7, 10, 14, and 16-17) the term Foreign Securities Depository shall be deleted. (g) The term "securities depository" as used herein shall mean the following when referring to a securities depository located:

Foreign Securities Depository means a securities or clearing agency as defined in subparagraphs (c)(2)(iii) and (iv) of Rule 17f-5 under the 1940 Act.