SUCCESSOR CUSTODIAN definition

SUCCESSOR CUSTODIAN shall have the meaning set forth in Section 2.04(b).

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SUCCESSOR CUSTODIAN shall have the meaning as set forth in Section 2.4(b).

SUCCESSOR CUSTODIAN. With respect to each Fund, this Agreement shall continue in full force and effect until the first to occur of: (a) termination by the Custodian by an instrument in writing delivered or mailed to such Fund, such termination to take effect not sooner than seventy-five (75) days after the date of such delivery; or (b) termination by such Fund by an instrument in writing delivered or mailed to the Custodian, such termination to take effect not sooner than seventy-five (75) days after the date of such delivery. In the event of termination pursuant to this Section 8 by any Fund (a "Terminating Fund") , each Terminating Fund shall make payment of all accrued fees and unreimbursed expenses with respect to such Terminating Fund within a reasonable time following delivery of a statement to the Terminating Fund setting forth such fees and expenses and in any event prior to delivery of the securities, cash or other property held by the Custodian to the Terminating Fund or a successor custodian. Each Terminating Fund shall identify in any notice of termination a successor custodian or custodians to which the cash, securities or other assets of such Fund shall, upon termination of this Agreement with respect to such Terminating Fund, be delivered. In the event that no written notice designating a successor custodian shall have been delivered to the Custodian on or before the date when termination of this Agreement as to a Terminating Fund shall become effective, the Custodian may deliver to a bank or trust company doing business in Boston, Massachusetts, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published report, of not less than $25,000,000, all securities cash and other property of such Terminating Fund held by the Custodian and all instruments held by the Custodian relative thereto and all other property of the Terminating Fund held by the Custodian under this Agreement. Thereafter such bank or trust company shall be the successor or the Custodian with respect to such Terminating Fund under this Agreement. In the event that securities, cash and other property of such Terminating Fund remain in the possession of the Custodian after the date of termination hereof with respect to such Terminating Fund owing to failure of the Terminating Fund to appoint a successor custodian, the Custodian shall be entitled to compensation for its services in accordance with the fee schedule most recently in effect, for such p...

Examples of SUCCESSOR CUSTODIAN in a sentence

• IF A SUCCESSOR CUSTODIAN IS APPOINTED BY THE BOARD OF TRUSTEES OF THE FUND, THE CUSTODIAN WILL, UPON TERMINATION, DELIVER TO THE SUCCESSOR CUSTODIAN AT THE OFFICE OF THE CUSTODIAN, DULY ENDORSED AND IN THE FORM FOR TRANSFER, ALL SECURITIES, FUNDS AND OTHER PROPERTIES THEN HELD BY IT PURSUANT TO THIS AGREEMENT, AND WILL TRANSFER TO AN ACCOUNT OF THE SUCCESSOR CUSTODIAN ALL OF THE PORTFOLIO'S SECURITIES HELD IN A SECURITIES SYSTEM.

• THE CUSTODIAN WILL USE ITS BEST EFFORTS TO ASSURE THAT THE SUCCESSOR CUSTODIAN WILL CONTINUE ANY SUBCUSTODIAN AGREEMENT ENTERED INTO BY THE CUSTODIAN AND ANY SUBCUSTODIAN ON BEHALF OF THE PORTFOLIO.

• By: Name: Title: THIS ASSIGNMENT, TRANSFER AND APPOINTMENT OF SUCCESSOR CUSTODIAN FOR ▇▇▇ ACCOUNTS (the “Agreement”) is made as of , 2011, by and between Main Street Bank (“Assignor”) and Green Bank, National Association (“Assignee”).

• THE BONDS ARE BEING HELD BY THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS CUSTODIAN (TOGETHER WITH ANY SUCCESSOR CUSTODIAN AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS, THE “CUSTODIAN”) PURSUANT TO THE TERMS OF A CUSTODY AGREEMENT, DATED AS OF SEPTEMBER 1, 2010 (AS AMENDED, MODIFIED OR SUPPLEMENTED FROM TIME TO TIME, THE “CUSTODY AGREEMENT”), BETWEEN ATAX TEBS I, LLC (THE “DEPOSITOR”), AND THE CUSTODIAN.

• IN THE EVENT OF ANY SUCH REMOVAL, THE CUSTODIAN SHALL PROMPTLY TRANSFER TO THE SUCCESSOR CUSTODIAN, AS DIRECTED, ALL AFFECTED CUSTODIAL FILES.

• IN THE EVENT OF SUCH RESIGNATION, THE INDENTURE TRUSTEE SHALL PROMPTLY APPOINT A SUCCESSOR CUSTODIAN TO SERVE AS CUSTODIAN HEREUNDER.

• NO SUCH TERMINATION OR RESIGNATION SHALL BE GIVEN EFFECT UNTIL A SUCCESSOR CUSTODIAN HAS ASSUMED THE DUTIES AS CUSTODIAN HEREUNDER AND IN THE TRANSACTION DOCUMENTS.

• IF THE TRUSTEE SHALL NOT HAVE TAKEN CUSTODY OF THE MORTGAGE FILES AND NO SUCCESSOR CUSTODIAN SHALL HAVE BEEN SO APPOINTED AND HAVE ACCEPTED APPOINTMENT WITHIN 30 DAYS AFTER THE GIVING OF SUCH WRITTEN NOTICE OF RESIGNATION, THE RESIGNING CUSTODIAN MAY PETITION ANY COURT OF COMPETENT JURISDICTION FOR THE APPOINTMENT OF A SUCCESSOR CUSTODIAN.

• HAVING GIVEN NOTICE OF SUCH REMOVAL, THE INDENTURE TRUSTEE PROMPTLY SHALL, BY WRITTEN INSTRUMENT, WITH A COPY TO THE DEPOSITOR AND AN ORIGINAL TO THE SUCCESSOR CUSTODIAN OR DOCUMENT CUSTODIAN, (I) APPOINT A SUCCESSOR CUSTODIAN TO ACT ON BEHALF OF THE INDENTURE TRUSTEE TO REPLACE THE CUSTODIAN UNDER THIS AGREEMENT, (II) DESIGNATE A DOCUMENT CUSTODIAN TO RECEIVE THE CUSTODIAL FILES WITH RESPECT TO THE MORTGAGE LOANS REMOVED FROM THIS AGREEMENT, OR (III) TAKE DELIVERY OF THE CUSTODIAL FILES.

• IN THE EVENT OF REMOVAL OF THE CUSTODIAN FOR CAUSE AND THE APPOINTMENT OF A SUCCESSOR CUSTODIAN UNDER THIS AGREEMENT, THE EXPENSES OF TRANSFERRING THE CUSTODIAL FILES TO THE SUCCESSOR CUSTODIAN SHALL BE AT THE EXPENSE OF THE CUSTODIAN.

More Definitions of SUCCESSOR CUSTODIAN

SUCCESSOR CUSTODIAN means a custodian specified by the Fund acceptable to the Counterparty in its reasonable discretion; provided that, the Custodian may petition to a court of competent jurisdiction for the appointment of a successor custodian, if 90 (ninety) days have elapsed from the date on which the Notice of Termination was provided and no successor custodian has otherwise been appointed and any such court-appointed successor custodian shall be the “Successor Custodian” for the purpose of this Agreement.

SUCCESSOR CUSTODIAN has the meaning specified in Section 3.2(a) hereof.

SUCCESSOR CUSTODIAN shall have the meaning set forth in Section 3.03.

SUCCESSOR CUSTODIAN means upon the death of the Custodian the individual designated as the successor custodian on a signature card related to an IUTMA account.

SUCCESSOR CUSTODIAN. Defined in Section 7.1.

SUCCESSOR CUSTODIAN shall have the meaning set forth in Section ------------------- 2.04(b).