Acceptance of Securities Sample Clauses

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Acceptance of Securities. Except as otherwise agreed in writing with the Client, State Street will only accept custody of Securities and other assets that it is operationally equipped and licensed to hold in the relevant market where it provides custodial services either directly or through an existing Subcustodian and may decline to accept custody of certain securities or asset types that it determines present an unacceptable risk profile or that it or its Subcustodians are not operationally equipped or permitted to hold under any law or regulation. Information Classification: Limited Access 3 Cash
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Acceptance of Securities. Except as otherwise agreed in writing with the Client, the Custodian will only accept custody of Securities and other assets that it is operationally equipped and licensed to hold in the relevant market where it provides custodial services either directly or through an existing Subcustodian and may decline to accept custody of certain securities or asset types that it determines present an unacceptable risk profile or that it or its Subcustodians are not operationally equipped or permitted to hold under any law or regulation.
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Acceptance of Securities. (a) Custodian shall receive or deliver Securities and shall credit or debit the Cash Account in accordance with properly authorized Instructions, as described in Exhibit 5. Custodian shall also receive into custody all: (i) interest and dividends, including securities lending income in lieu of interest or dividends; and (ii) stock dividends, rights and similar Securities issues, in connection with Securities held by Custodian under this Agreement. Custodian shall also, in a timely manner, surrender all items maturing or called for redemption and shall take other action(s) as Treasurer may direct in Instructions. Any Securities now held by Custodian for Treasurer under a prior Agreement shall be deemed to have been deposited hereunder. Accounting for all Security trades shall be on a contractual basis unless otherwise specified by Treasurer. (b) Custodian shall segregate and identify on its books and records all Securities delivered by or for the Account of Treasurer or Beneficial Owner. (c) Treasurer authorizes Custodian, for any Securities held hereunder, to use the services of any United States central securities depository Custodian deems appropriate and where it may hold any of its own Securities, including, but not limited to, the Depository Trust Company (“DTC”) and the Federal Reserve Custodian Book Entry System. The term “central securities depository” shall also include any depository service which acts as a Custodian of Securities in connection with a system for the central handling of Securities whereby all Securities of a particular class or series of any issuer deposited within the system are treated as fungible and may be transferred by bookkeeping entry without physical delivery of Securities. Placement by Custodian of Securities into a central securities depository or safekeeping facility shall neither augment nor diminish Custodian’s duties or obligations under any other paragraph of this Agreement, provided that Custodian shall have no liability for the acts or failure to act of any central securities depository. Nothing in this paragraph shall be interpreted to allow for the holding of any physical Security by any party other than a Subcustodian as defined in this Agreement.
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Acceptance of Securities. The Owner may accept Municipal, State or Federal bonds, securities negotiable without recourse, condition or restrictions, in a form and amount subject to the approval of the Owner, or an irrevocable letter of credit in lieu of all or part of the cash retainage.
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Acceptance of Securities. The Foreign Custodian shall accept delivery of all Securities for the account of the Custodian as agent for Clients except any Security as to which it has notice of any defect in title or any encumbrance affecting such Security or (ii) the fact that such Security is forged or fraudulent or cannot be freely transferred or delivered without encumbrance in any relevant market. The Foreign Custodian will not accept any form of receipt instead of Securities unless specifically instructed otherwise pursuant to Instructions from the Custodian.
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Acceptance of Securities. Except as otherwise agreed in writing with the Client, the Custodian will only accept custody of Securities and other assets that it is operationally equipped and licensed to hold in the relevant market where it provides custodial services either directly or through an existing Subcustodian and may decline to accept custody of certain securities or asset types that it determines present an unacceptable risk profile or that it or its Subcustodians are not operationally equipped or permitted to hold under any law or regulation. Without limiting the foregoing, the Custodian further reserves the right, in its sole discretion, to decline to accept custody of, and to provide services with respect to, any Digital Assets.
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Acceptance of Securities. Except as otherwise agreed in writing with the Client, the Custodian will only accept custody of Securities and other assets that it is operationally equipped and licensed to hold in the relevant market where it provides custodial services either directly or through an existing Subcustodian and may decline to accept custody of certain securities or asset types that it determines present an unacceptable risk profile or that it or its Subcustodians are not operationally equipped or permitted to hold under any law or regulation. The Custodian or relevant Subcustodian shall provide prompt written notice to the Client in the event it declines to accept custody of a security or asset type.
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Related to Acceptance of Securities

  • Issuance of Securities The issuance of the Notes and the Warrants are duly authorized and upon issuance in accordance with the terms of the Transaction Documents shall be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, mortgages, defects, claims, liens, pledges, charges, taxes, rights of first refusal, encumbrances, security interests and other encumbrances (collectively “Liens”) with respect to the issuance thereof. The Company shall have reserved from its duly authorized capital stock for issuance pursuant to the Notes not less than 150% of the sum of (i) the maximum number of Conversion Shares issuable upon conversion of the Notes (assuming for purposes hereof that (x) the Notes are convertible at the Alternate Conversion Price (as defined in the Notes) assuming an Alternate Conversion Date (as defined in the Note) as of the date hereof, (y) interest on the Notes shall accrue through the third anniversary of the Closing Date and will be converted in shares of Common Stock at a conversion price equal to the Alternate Conversion Price assuming an Alternate Conversion Date as of the date hereof and (z) any such conversion shall not take into account any limitations on the conversion of the Notes set forth in the Notes), and (ii) the maximum number of Warrant Shares initially issuable upon exercise of the Warrants (without taking into account any limitations on the exercise of the Warrants set forth therein). Upon issuance or conversion in accordance with the Notes or exercise in accordance with the Warrants (as the case may be), the Conversion Shares and the Warrant Shares, respectively, when issued, will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights or Liens with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock. Subject to the accuracy of the representations and warranties of the Buyers in this Agreement, the offer and issuance by the Company of the Securities is exempt from registration under the 1933 Act.

  • Replacement of Securities If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Securities.

  • Purchase of Securities Promptly upon each purchase of Securities for the Fund, Written Instructions shall be delivered to the Custodian, specifying (i) the name of the issuer or writer of such Securities, and the title or other description thereof, (ii) the number of shares, principal amount (and accrued interest, if any) or other units purchased, (iii) the date of purchase and settlement, (iv) the purchase price per unit, (v) the total amount payable upon such purchase, and (vi) the name of the person to whom such amount is payable. The Custodian shall upon receipt of such Securities purchased by the Fund pay out of the moneys held for the account of the Fund the total amount specified in such Written Instructions to the person named therein. The Custodian shall not be under any obligation to pay out moneys to cover the cost of a purchase of Securities for the Fund, if in the Fund Custody Account there is insufficient cash available to the Fund for which such purchase was made.