Common use of Custodian Notification Clause in Contracts

Custodian Notification. The Custodian shall notify the Issuer of rights or discretionary actions as promptly as practicable under the circumstances, provided that the Custodian has actually received notice of such right or discretionary corporate action from the relevant Subcustodian or Depository. Absent the Custodian's actual receipt of such notice, the Custodian shall have no liability for failing to so notify the Issuer.

Custodian Notification. The Custodian shall notify the Issuer Customer or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action from the relevant Subcustodian or Depository. Absent the Custodian's Without actual receipt of such notice, notice by the Custodian in its capacity as custodian the Custodian shall have no liability for failing to so notify the IssuerCustomer.

Custodian Notification. The Custodian shall notify the Issuer a Trust or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action from the relevant Subcustodian issuer, or Depositoryfrom a Subcustodian, Depository or third party vendor. Absent the Custodian's Without actual receipt of such notice, notice by the Custodian in its capacity as custodian from its contracted corporate action service providers the Custodian shall have no liability for failing responsibility to so notify the IssuerTrust unless Custodian is otherwise aware of such rights or discretionary corporate actions.

Custodian Notification. The Custodian shall notify the Issuer Client or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action from the relevant Subcustodian subcustodian or Depositorydepository. Absent the Custodian's Without actual receipt of such notice, notice by the Custodian in its capacity as custodian the Custodian shall have no liability for failing to so notify the IssuerClient.