Common use of Exchange of Securities Clause in Contracts

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 156 contracts

Samples: Custody Agreement (Hamilton Lane Private Infrastructure Fund), Custody Agreement (FT Vest Total Return Income Fund: Series A2), Custody Agreement (FT Vest Hedged Equity Income Fund: Series A2)

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Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 115 contracts

Samples: Custody Agreement (Aim Investment Funds (Invesco Investment Funds)), Custody Agreement (World Funds Trust), Custody Agreement (Cheswold Lane Funds)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 31 contracts

Samples: Custody Agreement (Meketa Infrastructure Fund), Custody Agreement (Alti Private Equity Access & Commitments Fund), Custody Agreement (Calamos Aksia Alternative Credit & Income Fund)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 19 contracts

Samples: Custody Agreement (Oppenheimer SteelPath Master MLP Fund, LLC), Custody Agreement (TFS Capital Investment Trust), Custody Agreement (TFS Capital Investment Trust)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit tender any such portfolio Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 3 contracts

Samples: Custody Agreement (Twentieth Century Strategic Portfolios Inc /Mo/), Custody Agreement (Tci Portfolios Inc), Custody Agreement (Twentieth Century World Investors Inc)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a Fund Portfolio for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 3 contracts

Samples: Custody Agreement (Avalon Funds Inc), Custody Agreement (Fairholme Funds Inc), Custody Agreement (Electric City Funds Inc)

Exchange of Securities. Upon receipt of InstructionsInstructions to do so, the Custodian will exchange portfolio Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 2 contracts

Samples: Custody Agreement (Partners Group Private Equity (Institutional TEI), LLC), Custody Agreement (Partners Group Private Equity (TEI), LLC)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a Fund for other Securities securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities securities held by it at maturity or call.

Appears in 2 contracts

Samples: Custody Agreement (Colonial Trust Iv), Custody Agreement (Van Wagoner Funds Inc)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(25(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 2 contracts

Samples: Custody Agreement (Cantor Fitzgerald Sustainable Infrastructure Fund), Custody Agreement (Cantor Select Portfolios Trust)

Exchange of Securities. Upon receipt of InstructionsInstructions to do so, the Custodian will exchange portfolio Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (Partners Group Private Equity (Master Fund), LLC)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefortherefore, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (Profunds)

Exchange of Securities. Upon receipt of InstructionsIn accordance with Instructions received by the Custodian, the Custodian will exchange Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (Little Harbor MultiStrategy Composite Fund)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, conversion or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (E-Valuator Funds Trust)

Exchange of Securities. Upon receipt of Instructionsinstructions, the Custodian will exchange portfolio Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (American Growth Fund Inc)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.. (e)

Appears in 1 contract

Samples: Custody Agreement (Icap Funds Inc)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, . merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the th~ terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Administration and Agency Agreement (Elite Group of Mutual Funds)

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Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a Fund the Company for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (CIM Real Assets & Credit Fund)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by 7 Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (Dem Inc)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidationconsolidation , conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefortherefo r, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (FlowStone Opportunity Fund)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.. (e)

Appears in 1 contract

Samples: Custody Agreement (Pear Tree Funds)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(24(c)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (Equipointe Funds)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.. Exhibit (g)

Appears in 1 contract

Samples: Custody Agreement (Gottex Trust)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a the Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.. Exhibit (j)(1)

Appears in 1 contract

Samples: Custody Agreement (FS MVP Private Markets Fund)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar event, and will deposit any such Securities in accordance with the terms of any reorganization or protective planplan or agreement. Unless otherwise directed by Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional shares, and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (Burnham Investors Trust)

Exchange of Securities. Upon receipt of Instructions, the Custodian will exchange portfolio Securities held by it for a Fund for other Securities or cash paid in connection with any reorganization, recapitalization, merger, consolidation, conversion, or similar eventconversion of convertible Securities, and will deposit any such Securities in accordance with the terms of any reorganization or protective plan. Unless otherwise directed by Without Instructions, the Custodian is authorized to exchange Securities held by it in temporary form for Securities in definitive form, to surrender Securities for transfer into a name or nominee name as permitted in Section 4(b)(2), to effect an exchange of shares in a stock split or when the par value of the stock is changed, to sell any fractional sharesshares (excluding shares of open-end management investment companies), and, upon receiving payment therefor, to surrender bonds or other Securities held by it at maturity or call.

Appears in 1 contract

Samples: Custody Agreement (American Pension Investors Trust)

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