Cash Accounts. (i) All cash received or held by the Bank or by any entity authorized to hold Property in accordance with Section 7 hereof as interest, dividends, proceeds from transfer, and other payments for or with respect to the Securities shall be (x) held in a cash account in accordance with properly authorized Instructions received by the Bank or such entity, or (y) if specified in the Fund's Instructions, converted to or from U.S. dollars and remitted to the Fund. The Fund shall bear any foreign exchange risk in connection with any such conversion. In effecting any currency conversions hereunder, the Bank or such entity may use any methods or agencies as it may see fit including the Bank's or such entity's facilities at customary rates.
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Samples: Custodial Services Agreement (MML Series Investment Fund), Custodial Services Agreement (MML Series Investment Fund), Custodial Services Agreement (Conestoga Family of Funds)
Cash Accounts. (i) All cash received or held by the Bank or by any entity authorized to hold Property in accordance with Section 7 hereof as interest, dividends, proceeds from transfer, and other payments for or with respect to the Securities shall be (x) held in a cash account in accordance with properly authorized Instructions received by the Bank or such entity, or (y) if specified in the Fund's Instructions, converted to or from U.S. dollars and remitted to the Fund. The Fund shall bear any foreign exchange risk in connection with any such conversion. In effecting any currency conversions hereunder, the Bank or such entity may use any methods or agencies as it may see fit including the Bank's or such entity's own facilities at customary rates.
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Samples: Custodial Services Agreement (Matthews International Funds), Custodial Services Agreement (Matthews International Funds)
Cash Accounts. (i) All cash received or held by the Bank or by any entity authorized to hold Property in accordance with Section 7 hereof as interest, dividends, proceeds from transfer, and other payments for or with respect to the Securities shall be (x) held in a cash account in accordance with properly authorized Instructions of the Customer received by the Bank or such entity, or (y) if specified in the FundCustomer's Instructions, converted to or from U.S. dollars and remitted to the FundCustomer. The Fund Customer shall bear any foreign exchange risk in connection with any such conversion. In effecting any currency conversions hereunder, the Bank or such entity may use any such methods or agencies as it may see fit including the Bank's or such entity's facilities at customary rates.
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Samples: Subcustodial Services Agreement (Compass Capital Funds\)
Cash Accounts. (i) All cash received or held by the Bank or by any entity authorized to hold Property in accordance with Section 7 hereof as interest, dividends, proceeds from transfer, and other payments for or with respect to the Securities shall be (x) held in a cash account in accordance with properly properly' authorized Instructions received by the Bank or such entity, or (y) if specified in the Fund's Instructions, converted to or from U.S. dollars and remitted to the Fund. The Fund shall bear any foreign exchange risk in connection with any such conversion. In effecting any currency conversions hereunder, the Bank or such entity may use any methods or agencies as it may see fit including the Bank's or such entity's facilities at customary rates.
Appears in 1 contract
Samples: Custodial Services Agreement (Chubb America Fund Inc)