Custody Standard Sample Clauses

Custody Standard. The Escrow Agent shall invest the Security Amount in Swiss Francs denominated fiduciary deposits, free of any withholding tax, with first class international banks and with a term of not more than three (3) months. Interest and other earnings from such investments shall be credited to the Escrow Account. The Escrow Agent undertakes to ensure that the Escrow Account and all funds held in it are maintained as a separate bank account, identified as a fiduciary deposit (Treuhandkonto), such that (i) the Security Amount shall be released pursuant to article 5.2 only, and (ii) no third parties (including the account holding bank) shall be entitled to make or claim any rights, liens or encumbrances to or over the Escrow Account or any funds held in it.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Custody Standard. The Escrow Agent shall hold the Escrow Share in safe custody and shall not sell, pledge, or otherwise encumber the Escrow Share. The Escrow Agent undertakes to ensure on a best effort’s basis (subject to third party attachment and similar rights) that the Escrow Share will be released in accordance with (and only in accordance with) Section 0.
Sample 1Sample 2
Custody Standard. (a) The Escrow Agent shall hold the Shares in safe custody and shall not sell, pledge or otherwise encumber the Shares.
Sample 1
Custody Standard. The Escrow Agent shall invest the Security Amount in Swiss francs-denominated fiduciary deposits, free of any withholding tax, with first class international banks and with a term of not more than three
Sample 1

Related to Custody Standard

  • Monitoring System In each case in which the Custodian has exercised delegated authority to place Assets with a Foreign Custodian, the Custodian shall establish a system, to re-assess or re-evaluate selected Foreign Custodians, at least annually in accordance with Rule 17f-5(c)(3).

  • General Standard of Care The Custodian shall exercise reasonable care and diligence in carrying out all of its duties and obligations under this Agreement, and shall be liable to the Fund for all loss, damage and expense suffered or incurred by the Fund resulting from the failure of the Custodian to exercise such reasonable care and diligence.

  • Collection Guidelines As long as it is the Servicer, CAC will comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract.

  • Operations Manual The Franchisor agrees to loan to the Franchisee one or more manuals, technical bulletins, cookbooks and recipes and other written materials (collectively referred to as “Operations Manual”) covering Factory Candy ordering, Store Candy manufacturing, processing and stocking and other operating and in-store marketing techniques for the ROCKY MOUNTAIN CHOCOLATE FACTORY Store. The Franchisee agrees that it shall comply with the Operations Manual as an essential aspect of its obligations under this Agreement, that the Operations Manual shall be deemed to be incorporated herein by reference and failure by the Franchisee to substantially comply with the Operations Manual may be considered by the Franchisor to be a breach of this Agreement.

  • Manager’s Standard of Care Manager shall perform its duties under this Agreement in a manner consistent with professional property management services. In no event shall the scope or quality of services provided by Manager for the Property hereunder be less than those generally performed by professional property managers of similar properties in the market area where the Property is located. Manager shall make available to Owner the full benefit of the judgment, experience, and advice of the members and employees of Manager’s organization with respect to the policies to be pursued by Owner in operating the Property, and will perform the services set forth herein and such other services as may be requested by Owner in managing, operating, maintaining and servicing the Property.

  • EXERCISE OF CARE AS FOREIGN CUSTODY MANAGER The Foreign Custody Manager shall exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Foreign Assets would exercise in performing the delegated responsibilities.

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