Duties and Responsibilities of the Custodian Sample Clauses

Duties and Responsibilities of the Custodian. The Custodian shall have such powers and authority to perform such acts as are deemed necessary and as are conferred by law and regulation to fulfill its duties and responsibilities as Custodian, including but not limited to the following: General Duties: The Custodian shall use all reasonable care, skill, prudence and diligence in the administration of the Depositor’s Custodial Account. The Custodian shall receive all contributions and pay all distributions from the Depositor’s Custodial Account to the extent directed in writing by the Depositor and it shall have no duty or obligation to ascertain whether such contributions or distributions are in violation of the requirements of law, regulation, the provisions of this Agreement and/or in the best interest of the Depositor. In addition, the Custodian shall have no responsibility to ascertain or report the deductibility or nondeductibility of any contributions made by a Depositor to his or her Custodial Account.
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Duties and Responsibilities of the Custodian. (a) The Custodian shall exercise the same degree of care toward the Selling Stockholders’ Shares and proceeds in its possession as it exercises toward its own similar property and shall not be held to any higher standard of care under this Agreement.
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Duties and Responsibilities of the Custodian. We will establish an HSA for you under Section 223 of the IRS Code, it’s sub-sections, and the applicable rulings and provisions of the IRS Code (the “Code”) upon submission of a properly executed written or electronic application (“Application”). Our sole obligations are as set forth herein. We assume no fiduciary status with regard to your HSA and nothing herein shall be construed to confer fiduciary status upon us for any purpose. To help the U.S. government fight the funding of terrorism and money laundering activities, federal law requires us to obtain, verify, and record information that identifies each person who opens an Account. As a result, the Application requires you to provide your name, address, date of birth, Taxpayer Identification Number (TIN) and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. You must have a physical address in the United States and we reserve the right to decline your HSA request if we are not able to fully verify your personal information. The Custodian has policies and procedures in place designed to maintain the confidentiality of your personal information. We collect this information in accordance with our Privacy Policy available online at xxxxx://xxxxxxxxxx.xxx/ or xxxxx://xxxxx.xxx/summit-dfs/. We will maintain your Account as a separate Account, distinct from all other Accounts, for your exclusive benefit and the benefit of your beneficiaries and we shall be responsible for performing only such services as are described in this Agreement. We agree to provide you with a statement of activity at least quarterly. Unless you file with us a written objection to the statement within 20 calendar days after the statement is furnished, we will be relieved and discharged from all liability to you or your beneficiary with respect to all matters set forth in such statement. You can access and retrieve the statements through the Custodian’s website or your Administrator’s portal, or choose to have such statements mailed at an additional cost as provided for on the published schedule of fees. We will apply interest to your Account in accordance with the current published rate(s) as may be adjusted from time to time. We may accept cash contributions on your behalf during your tax year and such contributions will be applied to the tax year in which they were received by us unless otherwise designated by you. Contributions for any tax year may be ...
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Duties and Responsibilities of the Custodian. (a) The Custodian shall exercise the same degree of care toward the Company Debenture as it exercises toward its own similar property and shall not be held to any higher standard of care under this Article IV.
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Duties and Responsibilities of the Custodian. (a) The Custodian shall exercise the same degree of care toward the property in the Escrow Fund as it exercises toward its own similar property and shall not be held to any higher standard of care under this Agreement.
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Duties and Responsibilities of the Custodian. The Custodian shall have such powers and authority to perform such acts as are deemed necessary and as are conferred by law and regulation to fulfill its duties and responsibilities as Custodian, including but not limited to the following: General Duties: The Custodian shall use all reasonable care, skill, prudence and diligence in the administration of the Depositor’s Custodial Account. The Custodian shall receive all contributions and pay all distributions from the Depositor’s Custodial Account to the extent directed in writing by the Depositor and it shall have no duty or obligation to ascertain whether such contributions or distributions are in violation of the requirements of law, regulation, the provisions of this Agreement and/or the best interest of the Depositor.
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Duties and Responsibilities of the Custodian. The Custodian shall have such powers and authority to perform such acts as are deemed necessary and as are conferred by law and regulation to fulfill its duties and responsibilities as Custodian, including but not limited to the following:
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Related to Duties and Responsibilities of the Custodian

  • Duties and Responsibilities of the Servicer (a) The Servicer shall conduct the servicing, administration and collection of the Transferred Loans and shall take, or cause to be taken, all such actions as may be necessary or advisable to service, administer and collect Transferred Loans from time to time on behalf of the Borrower and as the Borrower’s agent.

  • Duties and Responsibilities of the Trustee During Default; Prior to Default. With respect to the Holders of any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a particular series and after the curing or waiving of all Events of Default which may have occurred with respect to such series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (which has not been cured or waived) the Trustee shall exercise with respect to such series of Securities such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own wilful misconduct, except that

  • Duties and Responsibilities of the Trustees (a) The rights, immunities, duties and responsibilities of the Trustees shall be as provided by this Trust Agreement and there shall be no other duties (including fiduciary duties) or obligations, express or implied, at law or in equity, of the Trustees; provided, however, that if an Event of Default known to the Property Trustee has occurred and is continuing, the Property Trustee shall, prior to the receipt of directions, if any, from the Holders of at least a Majority in Liquidation Amount of the Preferred Securities, exercise such of the rights and powers vested in it by this Trust Agreement, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. Notwithstanding the foregoing, no provision of this Trust Agreement shall require any of the Trustees to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its or their rights or powers, if it or they shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. Whether or not herein expressly so provided, every provision of this Trust Agreement relating to the conduct or affecting the liability of or affording protection to the Trustees shall be subject to the provisions of this Section 8.5. Nothing in this Trust Agreement shall be construed to release any Administrative Trustee from liability for his or her own negligent action, negligent failure to act; or his or her own willful misconduct. To the extent that, at law or in equity, a Trustee has duties and liabilities relating to the Trust or to the Holders, such Trustee shall not be liable to the Trust or to any Holder for such Trustee’s good faith reliance on the provisions of this Trust Agreement. The provisions of this Trust Agreement, to the extent that they restrict the duties and liabilities of the Trustees otherwise existing at law or in equity, are agreed by the Depositor and the Holders to replace such other duties and liabilities of the Trustees.

  • Duties and Responsibilities of Manager During the Term, subject to the provisions of Section 3.1 herein, Manager shall provide, in exchange for the Management Fee, all such services as are necessary and appropriate for the day-to-day administration and management of Practice in a manner consistent with good business practice, including without limitation those services set forth in this Article 2.

  • Duties and Responsibilities of Trustee The Trustee, prior to the occurrence of an Event of Default and after the curing or waiver of all Events of Default that may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In the event an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs; provided that if an Event of Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security reasonably satisfactory to it against any loss, liability or expense that might be incurred by it in compliance with such request or direction. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own grossly negligent action, its own grossly negligent failure to act or its own willful misconduct, except that:

  • Duties and Responsibilities of the Escrow Agent The Escrow Agent's duties and responsibilities shall be subject to the following terms and conditions:

  • Certain Duties and Responsibilities of the Trustee In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided.

  • Rights, Duties and Responsibilities of Escrow Agent It is understood and agreed that the duties of the Escrow Agent are purely ministerial in nature, and that:

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