Common use of Custodial Services Clause in Contracts

Custodial Services. 3.1.Obligations of DriveWealth. DriveWealth’s obligations with respect to the Securities and Offerings is limited to providing closing, settlement, custody and related services for Customer accounts established at DriveWealth pursuant to this Agreement. DriveWealth shall hold, as nominee custodian, the Securities and perform related services with respect to Issuer to the extent explicitly required by specific provisions contained in Schedule B-1 of this Agreement and shall not be responsible for any duties or obligations not specifically allocated to DriveWealth pursuant to this Agreement, which services shall be contingent upon Issuer and/or its designated agents meeting its or their obligations as outlined herein and in Schedule B-2, and as limited by Schedule C of this Agreement (collectively, the “Services”). DriveWealth’s obligation to hold the Securities in custody does not include any obligation to notify the Customer of the receipt or failure to receive any amount, to forward to the Customer any notices with respect to the investment, to monitor or report to the Customer as to the performance by or nonperformance of any person with respect to the investment (or the performance or nonperformance by any person of any obligation or term contained in, or imposed by, the investment) or to take enforcement or other action with respect thereto, irrespective of whether DriveWealth has actual or constructive knowledge which may make such action or inaction advisable. DriveWealth may also, in its sole discretion, take such actions as it reasonably deems necessary to perform due diligence or investigation with respect to Issuer and/or any Offering at any time and from time to time.

Custodial Services. 3.1.Obligations of DriveWealth. DriveWealth’s obligations with respect to the Securities and Offerings is limited to providing closing, settlement, custody and related services for Customer accounts established at DriveWealth pursuant to this Agreement. DriveWealth shall hold, as nominee custodian, the Securities and perform related services with respect to Issuer to the extent explicitly required by specific provisions contained in Schedule B-1 of this Agreement and shall not be responsible for any duties or obligations not specifically allocated to DriveWealth pursuant to this Agreement, which services shall be contingent upon Issuer and/or its designated agents the Transfer Agent meeting its or their obligations as outlined herein and in Schedule B-2, and as limited by Schedule C of this Agreement (collectively, the “Services”). DriveWealth’s obligation to hold the Securities in custody does not include any obligation to notify the Customer of the receipt or failure to receive any amount, to forward to the Customer any notices with respect to the investment, to monitor or report to the Customer as to the performance by or nonperformance of any person with respect to the investment (or the performance or nonperformance by any person of any obligation or term contained in, or imposed by, the investment) or to take enforcement or other action with respect thereto, irrespective of whether DriveWealth has actual or constructive knowledge which may make such action or inaction advisable. DriveWealth may also, in its sole discretion, take such actions as it reasonably deems necessary to perform due diligence or investigation with respect to Issuer and/or any Offering at any time and from time to time.

Custodial Services. 3.1.Obligations of DriveWealth. DriveWealth’s obligations with respect to the Securities and Offerings is limited to providing closing, settlement, custody and related services for Customer accounts established at DriveWealth pursuant to this Agreement. DriveWealth shall hold, as nominee custodian, the Securities and perform related services with respect to Issuer to the extent explicitly required by specific provisions contained in Schedule B-1 of this Agreement and shall not be responsible for any duties or obligations not specifically allocated to DriveWealth pursuant to this Agreement, which services shall be contingent upon Issuer and/or its designated agents meeting its or their obligations as outlined herein and in Schedule B-2, and as limited by Schedule C of this Agreement (collectively, the “Services”). DriveWealth’s obligation to hold the Securities in custody does not include any obligation to notify the Customer of the receipt or failure to receive any amount, to forward to the Customer any notices with respect to the investment, to monitor or report to the Customer as to the performance by or nonperformance of any person with respect to the investment (or the performance or nonperformance by any person of any obligation or term contained in, or imposed by, the investment) or to take enforcement or other action with respect thereto, irrespective of whether DriveWealth has actual or constructive knowledge which may make such action or inaction advisable. DriveWealth may also, in its sole discretion, take such actions as it reasonably deems necessary to perform due diligence or investigation with respect to Issuer and/or any Offering at any time and from time to time.

Custodial Services. 3.1.Obligations 3.1. Obligations of DriveWealth. DriveWealth’s obligations with respect to the Securities and Offerings is limited to providing closing, settlement, custody and related services for Customer accounts established at DriveWealth pursuant to this Agreement. DriveWealth shall hold, as nominee custodian, the Securities and perform related services with respect to Issuer to the extent explicitly required by specific provisions contained in Schedule B-1 of this Agreement and shall not be responsible for any duties or obligations not specifically allocated to DriveWealth pursuant to this Agreement, which services shall be contingent upon Issuer and/or its designated agents meeting its or their obligations as outlined herein and in Schedule B-2, and as limited by Schedule C of this Agreement (collectively, the “Services”). DriveWealth’s obligation to hold the Securities in custody does not include any obligation to notify the Customer of the receipt or failure to receive any amount, to forward to the Customer any notices with respect to the investment, to monitor or report to the Customer as to the performance by or nonperformance of any person with respect to the investment (or the performance or nonperformance by any person of any obligation or term contained in, or imposed by, the investment) or to take enforcement or other action with respect thereto, irrespective of whether DriveWealth has actual or constructive knowledge which may make such action or inaction advisable. DriveWealth may also, in its sole discretion, take such actions as it reasonably deems necessary to perform due diligence or investigation with respect to Issuer and/or any Offering at any time and from time to time.