Primary Custodian definition

Primary Custodian the meaning set forth in Rule 17f-7(b)(2).
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Primary Custodian means State Street Bank and Trust Company.
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Primary Custodian the meaning set forth in Rule 17f-7(b)(2) of the Act.
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Examples of Primary Custodian in a sentence

  • As Primary Custodian, the Custodian shall perform the duties and obligations set forth in Rule 17f-7 and in Part II of these guidelines and procedures.

  • AIM will notify the Boards of Directors/Trustees in writing of any material change in the Eligible Foreign Securities Depositories for a Fund that has not been reported by the Primary Custodian promptly after the occurrence of the material change.

  • AIM will submit to the Boards of Directors/Trustees a quarterly report indicating changes to Eligible Foreign Securities Depositories to the extent such report is not provided by the Primary Custodian.

  • The Custodian shall exercise reasonable care, diligence and prudence in performing its duties as each Fund's Primary Custodian.

  • The contract between the Fund and the Primary Custodian states that the Primary Custodian will agree to exercise reasonable care, prudence, and diligence in performing the requirements of Paragraphs 3(A)(1) and (2) above, or adhere to a higher standard of care.

  • The Custodian also shall serve as each Fund's Primary Custodian as defined in and pursuant to the requirements of Rule 17f-7 under the Investment Company Act.

  • The Custodian shall exercise reasonable care, diligence and prudence in performing its duties as each Fund’s Primary Custodian.

  • The Custodian also shall serve as each Fund’s Primary Custodian as defined in and pursuant to the requirements of Rule 17f-7 under the Investment Company Act.

  • As Primary Custodian, the Custodian shall perform the duties and obligations set forth in Rule 17f-7 and in Part II of these procedures and guidelines.

  • The Primary Custodian has right to request the return of or destruction of Licensed Materials it provides to other Custodians for any reason.


More Definitions of Primary Custodian

Primary Custodian the Custodian shall be the Primary Custodian designated to perform the Information Services described in Article III hereof all within the meaning set forth in Rule 17f-7(b)(2).
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Related to Primary Custodian

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • DTC Custodian means the Indenture Trustee as a custodian for DTC.

  • Sub-Custodian means and include (i) any branch of a “U.S. bank,” as that term is defined in Rule 17f-5 under the 1940 Act, and (ii) any “Eligible Foreign Custodian” having a contract with the Custodian which the Custodian has determined will provide reasonable care of assets of the Fund based on the standards specified in Section 3.3 below. Such contract shall be in writing and shall include provisions that provide: (i) for indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) that the Foreign Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Sub-Custodian or its creditors except a claim of payment for their safe custody or administration, in the case of cash deposits, liens or rights in favor of creditors of the Sub-Custodian arising under bankruptcy, insolvency, or similar laws; (iii) that beneficial ownership for the Foreign Securities will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) that adequate records will be maintained identifying the assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) that the Fund’s independent public accountants will be given access to those records or confirmation of the contents of those records; and (vi) that the Fund will receive periodic reports with respect to the safekeeping of the Fund’s assets, including, but not limited to, notification of any transfer to or from a Fund's account or a third party account containing assets held for the benefit of the Fund. Such contract may contain, in lieu of any or all of the provisions specified in (i)-(vi) above, such other provisions that the Custodian determines will provide, in their entirety, the same or a greater level of care and protection for Fund assets as the specified provisions.

  • Security Custodian means, with respect to Securities of a series issued in global form, the Trustee for Securities of such series, as custodian with respect to the Securities of such series, or any successor entity thereto.

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.