Custody Arrangements. 7.1. The Company will as the written request of the Manager arrange with the Client, on behalf of a Series, for the opening of bank accounts in the name of each Series with the Custodian. All sums belonging to a Series including proceeds of sales and income received on investments shall be credited directly to such accounts. The Manager will hold no moneys on behalf of a Series, and accepts no liability for any default by the Custodian. These bank accounts and moneys are not Client Bank Accounts or Clients’ Money (as defined in the Rules).
Appears in 3 contracts
Samples: Sub Sub Investment Advisory Agreement (Rs Investment Trust), Sub Sub Investment Advisory Agreement (RS Variable Products Trust), Sub Sub Investment Advisory Agreement (Rs Investment Trust)
Custody Arrangements. 7.16.1. The Company will as the written request of the Manager arrange with the Client, on behalf of a Series, for the opening of bank accounts in the name of each Series with the Custodian. All sums belonging to a Series including proceeds of sales and income received on investments shall be credited directly to such accounts. The Manager will hold no moneys on behalf of a Series, and accepts no liability for any default by the Custodian. These bank accounts and moneys are not Client Bank Accounts or Clients’ Money (as defined in the Rules).
Appears in 3 contracts
Samples: Sub Sub Investment Advisory Agreement (RS Variable Products Trust), Sub Sub Investment Advisory Agreement (Rs Investment Trust), Rs Investment Trust
Custody Arrangements. 7.1. 7.1 The Company on behalf of each Series will as at the written request of the Manager arrange with the Client, on behalf of a Series, for the opening of bank accounts in the name of each Series with the Custodian. All sums belonging to a Series including proceeds of sales and income received on investments shall be credited directly to such accounts. The Manager will hold no moneys on behalf of a Series, and accepts no liability for any default by the Custodian. These bank accounts and moneys are not Client Bank Accounts or Clients’ ' Money (as defined in the Rules).
Appears in 2 contracts
Samples: Investment Advisory Agreement (Baillie Gifford International Fund Inc), Investment Advisory Agreement (Park Avenue Portfolio)
Custody Arrangements. 7.1. 7.1 The Company will as the written request of the Manager arrange with the Client, on behalf of a Series, for the opening of bank accounts in the name of each Series with the Custodian. All sums belonging to a Series including proceeds of sales and income received on investments shall be credited directly to such accounts. The Manager will hold no moneys on behalf of a Series, and accepts no liability for any default by the Custodian. These bank accounts and moneys are not Client Bank Accounts or Clients’ ' Money (as defined in the Rules).
Appears in 1 contract
Samples: Sub Investment Advisory Agreement (Park Avenue Portfolio)
Custody Arrangements. 7.1. 7.1 The Company will as at the written request of the Manager arrange with the Client, on behalf of a Series, for the opening of bank accounts in the name of each Series with the Custodian. All sums belonging to a Series including proceeds of sales and income received on investments shall be credited directly to such accounts. The Manager will hold no moneys on behalf of a Series, and accepts no liability for any default by the Custodian. These bank accounts and moneys are not Client Bank Accounts or Clients’ ' Money (as defined in the Rules).
Appears in 1 contract
