Program Custodian definition

Program Custodian means the financial institution selected from time to time by MEFA (which may include MEFA itself) to take custody of Commonwealth College Opportunity Bonds (directly or through a sub- custodian) and issue Tuition Certificates; the current Program Custodian is MEFA.
View Source
Program Custodian means The Bank of New York Mellon or any successor custodian appointed by FAME. The term “Recordkeeping Agent” means ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated or any successor recordkeeping agent appointed with FAME’s consent. The term “Act” means Chapter 417-E of Title 20-A of the Maine Revised Statutes Annotated of 1964, as amended. The term “Rule” means Chapter 611 of the Rules of FAME, as amended from time to time. Other capitalized terms used but not defined in this Participation Agreement shall have the same meaning as in the NextGen 529 Client Direct Series Program Description, as amended from time to time (the “Program Description”). Unless the context otherwise certification in a form approved by FAME and the Program Manager or Recordkeeping Agent. Individuals or entities other than you that contribute funds to your Account will have no subsequent control over the Contributions. Only you may direct transfers, rollovers, investment changes (as permitted under federal law), withdrawals and changes in the Designated Beneficiary.
View Source
Program Custodian. The company that provides certain custody services for the Program. Currently, The Bank of New York Mellon is the Program Custodian.
View Source

Examples of Program Custodian in a sentence

  • A PFI or Servicer that uses a Custodian other than the MPF Program Custodian must pay all fees charged by that Custodian for the performance of the Custodian's duties in connection with Collateral Files delivered by the PFI or Servicer.

  • Document Custodians‌ As an alternative to using the MPF Program Custodian, a PFI or Servicer may use an approved third party custodian, or a PFI or Servicer that satisfies the eligibility requirements may act as its own Custodian upon receiving approval from the MPF Bank and/or MPF Provider.

  • Upon such expiration or termination, regardless of whether the identity of the Direct Series Distributor, Investment Manager, Program Custodian and/or Program Manager changes, the fee and compensation structure for the Program, and accordingly Program expenses, might be higher or different.

  • FAME plans to execute a new contract with the Program Manager, Investment Manager and Program Custodian prior to June 30, 2024 for a term expiring June 30, 2029 (subject to two one-year renewals) and a contract with Northern Lights Distributors, LLC to serve as Direct Series Distributor commencing July 1, 2024.

  • If, notwithstanding its reasonable best efforts, the Securities Intermediary is unable to hold VIP Shares constituting Pledged Collateral hereunder such that the record holder of those VIP Shares shall be at all the times the same legal entity as is then acting as ADR Program Custodian, the Securities Intermediary shall provide the Collateral Agent with notice of that development as soon as practicable.

  • Contract year is for2021- 2022 snow season, commencing on November 12, 2021, and ending on April 15, 2022.

  • In case the Depositary receives notice of the resignation of any legal entity as is then acting as ADR Program Custodian, the Depositary shall notify the Securities Intermediary as promptly as practicable of that fact and as to the alternative custodial arrangements it intends to make for the ADR Program and the anticipated timing of that change.

  • If, notwithstanding its reasonable best efforts, the Securities Intermediary is unable to hold VIP Shares constituting Collateral hereunder such that the record holder of those VIP Shares shall be at all the times the same legal entity as is then acting as ADR Program Custodian, the Securities Intermediary shall provide the Collateral Agent with notice of that development as soon as practicable.

  • A Participant may authorize FAME, the Program Manager and the Program Custodian to provide their Financial Intermediary with full access to the Participant's Account information and the ability to execute transactions (investment of Contributions, withdrawals, exchanges among Investment Options) in the Account on the Participant's behalf.

  • A new Program Manager, Investment Manager, Direct Series Distributor and/or Program Custodian may be appointed either upon expiration of the term of the applicable contract with FAME or earlier in the event such contract is terminated by a party prior to its expiration.

Related to Program Custodian

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

  • 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.

  • Primary Custodian the meaning set forth in Rule 17f-7(b)(2).

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

  • Foreign Custodian means any of the following: