Custodian Duties Sample Clauses

Custodian Duties. As Custodian for the Additional Collateral, the Custodian shall:
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs
Custodian Duties. The Custodian’s job duties shall include such duties as are set forth on Exhibit “A”, attached hereto.
Sample 1
Custodian Duties. (a) The Custodian shall receive or deliver, or shall instruct any other entity authorized to hold Securities hereunder to receive or deliver, Securities and credit or debit the Fund's Account, in accordance with properly authorized instructions from the Fund. The Custodian or such entity shall also receive in custody all stock dividends, rights and similar securities issued in connection with Securities held hereunder, shall surrender for payment, in a timely manner, all items maturing or called for redemption and shall take such other action as the Fund may direct in properly authorized instructions.
Sample 1
Custodian Duties. (a) The Custodian shall, at the direction of the Depositor, use its best efforts to undertake completion of any purchase, sale, exchange, or any other disposition of Securities made or arranged by the Depositor provided that such direction is received by the Custodian in each case prior to the applicable deadline as established by the Custodian. The net proceeds of any sale shall be credited to the Account or remitted in accordance with the instructions of the Depositor. The Depositor shall provide the Custodian with immediately available funds in an amount sufficient to complete any purchase. Any failure to provide such funds shall result in such purchase not being deemed completed as far as the Depositor's ownership of such Securities are concerned and the Custodian shall be authorized to dispose of such Securities and any proceeds therefrom as soon as practicable in such manner as the Custodian shall, within its sole discretion, deem appropriate for the purpose of recouping any amounts expended by the Custodian in the purchase of such Securities. Whether any Custodian funds shall be expended towards the purchase of Securities for the Depositor hereunder shall be within the Custodian's sole discretion. The Depositor shall be liable to the Custodian for any costs, expenses and losses incurred by the Custodian in the disposition of such Securities or proceeds and shall immediately reimburse the Custodian for such amounts upon demand.
Sample 1
Custodian Duties. Receive delivery and hold certain secured promissory notes delivered by the Company. • Receive promissory notes and deliver to vault for safekeeping. The vault adds the documents and agreements to the records by assigning security numbers. • Take appropriate action to comply with Company requests or deny requests with reasonable explanation. • Withdraw and deliver promissory notes as requested by the Company within three business days. EXHIBIT B CUSTODIAL FEE SCHEDULE Branch Banking and Trust Company of Virginia — Corporate Trust Services Department: Custodial Services Fee Schedule Prepared for GLADSTONE COMMERCIAL Annual Fees:
Sample 1

Related to Custodian Duties

  • Duties of Custodian WITH RESPECT TO THE BOOKS OF ACCOUNT AND CALCULATION OF NET ASSET VALUE AND NET INCOME The Custodian shall cooperate with and supply necessary information to the entity or entities appointed by the applicable Board to keep the books of account of each Portfolio and/or compute the net asset value per Share of the outstanding Shares or, if directed in writing to do so by the Fund on behalf of such Portfolio(s), shall itself keep such books of account and/or compute such net asset value per Share. If so directed, the Custodian shall also calculate daily the net income of each applicable Portfolio as described in the Prospectus and shall advise such Portfolio and the Transfer Agent daily of the total amounts of such net income and, if instructed in writing by an officer of the Fund on behalf of such Portfolio to do so, shall advise the Transfer Agent periodically of the division of such net income among its various components. Each Fund acknowledges and agrees that, with respect to investments maintained with the Underlying Transfer Agent, the Underlying Transfer Agent is the sole source of information on the number of shares of a fund held by it on behalf of a Portfolio and that the Custodian has the right to rely on holdings information furnished by the Underlying Transfer Agent to the Custodian in performing its duties under this Agreement, including, without limitation, the duties set forth in this Section 9 and in Section 10 hereof; provided, however, that the Custodian shall be obligated to reconcile information as to purchases and sales of Underlying Shares contained in trade instructions and confirmations received by the Custodian and to report promptly any discrepancies to the Underlying Transfer Agent. The calculations of the net asset value per Share and the daily income of each Portfolio shall be made at the time or times described from time to time in the Prospectus.

  • Custodian Agreement The Custodian Agreement, dated as of the Closing Date, between the Custodian and the Depositor, as amended, supplemented or modified from time to time. Cutoff Date: June 1, 2016.

  • SUB-CUSTODIAN ACCOUNT The Participant understands and agrees that, in the case of each Fund, as applicable, the Trust has caused the Trust’s custodian (the “Custodian”) to maintain with a sub-custodian for such Fund an account in each relevant jurisdiction to which the Participant shall, when applicable, deliver or cause to be delivered in connection with the creation of a Creation Unit aggregation the Deposit Securities not subject to settlement in the United States and any other applicable cash amounts (or the cash value of all or a part of such securities, in the case of a permitted or required cash purchase or “cash-in-lieu” amount) on behalf of itself or any other party for which it is acting (regardless of its capacity), with any appropriate adjustments as advised by the Trust, in accordance with the terms and conditions applicable to such account in such jurisdiction.

  • Duties of Collateral Custodian (a) The Collateral Custodian shall take and retain custody of the Contract Files delivered or cause to be delivered by the Trust Depositor or the Seller, as the case may be, in accordance with the terms and conditions of this Agreement, all for the benefit of the Trust, the Owner Trustee and the Indenture Trustee. Within five Business Days of its receipt of any Contract File, the Collateral Custodian shall review the related Contract to verify that such Contract has been executed and has no missing or mutilated pages and to confirm (in reliance on the related contract number and Obligor's name) that such Contract is referenced on the related List of Contracts and to confirm that the Contract File contains the original certificate of title or other title document with respect to the related Financed Item (if applicable). In order to facilitate the foregoing review by the Collateral Custodian, in connection with each delivery of Contract Files hereunder to the Collateral Custodian, the Servicer shall provide to the Collateral Custodian an electronic file, in EXCEL or a comparable format, that contains the related List of Contracts or which otherwise contains the Contract number and the name of the Obligor with respect to each related Contract. If, at the conclusion of such review, the Collateral Custodian shall determine that such Contract is not executed or in proper form on its face, has missing or mutilated pages, or that it is not referenced on such List of Contracts, or that such title document is not contained in the Contract File, the Collateral Custodian shall promptly notify the Servicer, the Seller, the Trust Depositor, the Owner Trustee and the Indenture Trustee of such determination by providing a written report to such Persons setting forth, with particularity, the lack of execution of such Contract, that such Contract has missing or mutilated pages, or the fact that such Contract was not referenced on the related List of Contracts or such title documents were missing. In addition, unless instructed otherwise by the Trust Depositor, the Owner Trustee or Indenture Trustee within 10 days of the Collateral Custodian's delivery of such report, the Collateral Custodian shall return any Contract not referenced on such List of Contracts to the Trust Depositor. Other than the foregoing, the Collateral Custodian shall not have any responsibility for reviewing any Contract File.

Time is Money Join Law Insider Premium to draft better contracts faster.