Custodial Duties Clause Samples
The Custodial Duties clause defines the responsibilities and obligations of a party acting as a custodian for certain assets or property. It typically outlines the standards of care, record-keeping requirements, and procedures for safeguarding, managing, and possibly transferring the assets under custody. For example, a custodian may be required to maintain accurate inventories, prevent unauthorized access, and report any discrepancies. This clause ensures that assets are properly protected and managed, reducing the risk of loss, mismanagement, or disputes over asset handling.
Custodial Duties. ESP employees shall not be required to perform custodial duties outside the scope of the job expectations for their position such as, but not limited to, cleaning floors or furniture, emptying trash, washing bathroom facilities, changing light bulbs, dusting, and wiping desks, when such duties are not directly related to the instructional program, student activity or service they support.
Custodial Duties. The Collateral Custodian shall take and retain custody of the Contract Files delivered by the Seller pursuant to Section 3.3 hereof in accordance with the terms and conditions of this Agreement, all for the benefit of the Purchasers and subject to the Lien thereon in favor of the Deal Agent as agent for the Purchasers. Within five Business Days of its receipt of any Contract File, the Collateral Custodian shall review the related Contract to verify that such Contract has been executed and has no missing or mutilated pages and to confirm (in reliance on the related contract number and Lessee name) that such Contract is referenced on the related list of Contracts. In order to facilitate the foregoing review by the Collateral Custodian, in connection with each delivery of Contract Files hereunder to the Collateral Custodian, the Servicer shall provide to the Collateral Custodian an electronic file (in EXCEL or a comparable format) that contains the related list of Contracts or which otherwise contains the Contract number and the name of the Lessee with respect to each related Contract. If, at the conclusion of such review, the Collateral Custodian shall determine that such Contract is not executed or in proper form on its face, or that it is not referenced on such list of Contracts, the Collateral Custodian shall promptly notify the Seller and the Deal Agent of such determination by providing a written report to such Persons setting forth, with particularity, the lack of execution of such Contract, that such Contract has missing or mutilated pages, or the fact that such Contract was not referenced on the related list of Contracts. In addition, unless instructed otherwise in writing by the Seller or the Deal Agent within 10 days of the Collateral Custodian's delivery of such report, the Collateral Custodian shall return any Contract not referenced on such list of Contracts to the Seller. Other than the foregoing, the Collateral Custodian shall not have any responsibility for reviewing any Contract File. In taking and retaining custody of the Contract Files, the Collateral Custodian shall be deemed to be acting as the agent of the Deal Agent as agent for the Purchasers, provided, however, that the Collateral Custodian makes no representations as to the existence, perfection or priority of any Lien on the Contract Files or the instruments therein, and provided, further, that the Collateral Custodian's duties as agent shall be limited to those expressly contempla...
Custodial Duties. (a) In the absence of contrary Instructions, the Custodian is authorised by the Issuer to, and where applicable, the Custodian shall, carry out the following actions in relation to the Securities Collateral:
(i) sign any affidavits, certificates of ownership or other certificates relating to the Securities Collateral which may be required by the Commissioners of HM Revenue & Customs or any other tax or regulatory authority in any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Issuer further agrees to ratify and to confirm or do, or to procure the doing of, such things as may be necessary or appropriate to complete or evidence the Custodian's actions under this paragraph 4(a)(i) or otherwise under the terms of this Agreement);
(ii) collect and receive, for the account of the Issuer (subject to the security created by the Deed of Charge), all distributions received in respect of the Securities Collateral (Distributions) and any security or property offered or delivered in exchange for the Securities Collateral and shall notify the Cash Manager, the Servicer, the Issuer and the Security Trustee promptly of any such receipt and the deposit thereof into the Swap Collateral Account;
(iii) make presentation of interest items and receipts and other principal items or presentation for payment, conversion or exchange of any Securities Collateral which become payable or convertible or exchangeable and the endorsement for collection of cheques, drafts and other negotiable instruments;
(iv) save to the extent provided below in paragraph 4(b)(ii), take any action which is necessary and proper in connection with the receipt of Distributions or security or property as referred to in paragraph 4(a)(ii) above;
(v) exchange interim or temporary receipts for definitive certificates, and old or over stamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account;
(vi) deliver to the Cash Manager and the Servicer (with a copy to the Security Trustee) transaction advices and/or regular statements of account showing the Securities Collateral held as at the any Calculation Date and at such other intervals as may be agreed between the Cash Manager, the Servicer, the Security Trustee and the Custodian or otherwise upon the Security Trustee's request; and
(vii) forward to the Issuer, the Cash Manager, the Servicer and the Securit...
Custodial Duties. Bulk delivery of books to classrooms.
Custodial Duties. No teacher or pupil shall be assigned responsibilities normally performed by the custodial staff. Teachers assigned to schools having a Breakfast, Hot Lunch and/or Bag Lunch Program shall not be responsible for custodial duties related to these programs.
Custodial Duties. Employees are individually responsible for the cleaning and/or sanitation of their immediate work area as required. Custodial duties, if required and not in the Position Description, will be rotated fairly and equitably.
Custodial Duties. 9 Section 3.04 Withdrawals from the Custodial Account...........................................10 Section 3.05 Maintenance of Hazard Insurance; Property Protection Expenses....................12 Section 3.06 Modification Agreements..........................................................14 Section 3.07 Trust Estate; Related Documents..................................................14 Section 3.08 Realization upon Defaulted Mortgage Loans........................................15 Section 3.09 Management and Sale of REO Property..............................................16 Section 3.10 Issuer and Indenture Trustee to Cooperate........................................16 Section 3.11 Compensation; Payment of Certain Expenses........................................17 Section 3.12 Annual Statement as to Compliance................................................17 Section 3.13 Annual Servicing Report..........................................................18 Section 3.14 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................................................18 Section 3.15 Maintenance of Certain Servicing Insurance Policies..............................18 Section 3.16 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property..............................18 Section 3.17 Assignments; Recordings of Assignments...........................................19 Section 3.18 [Reserved].......................................................................19 TABLE OF CONTENTS (Continued) Page Section 3.19 Funding Accounts.................................................................19 Section 3.20 [Reserved].......................................................................21 Section 3.21 P&I Advances.....................................................................21 Section 3.22 Transfer of Mortgage Loans.......................................................21 Section 3.23 Notice of Rating Change..........................................................23 Section 3.24 Calculation of LIBOR, Note Rate, Net WAC Rate and Maximum Auction Rate...........23
Custodial Duties. Except in emergency situations, teacher will not be expected to perform custodial duties for any student; e.g., diapering, toileting, or lifting.
Custodial Duties. The duties of the custodians shall be as follows: Duties of all custodians include items 1 and 7 below. Items 1 through 8 are the duties of the head custodian. Effective with the payroll period following approval of this Agreement, employees in the position of Head Custodian shall work 37.5 hours per week during regular work weeks.
1. He or she shall be in charge of the cleaning of the building, repairs, and the general supervision of the maintenance of the building, reporting any need for skilled service to the Superintendent of Schools, or his/her designee, through the Building Principal.
2. He or she shall be in charge of the heating, ventilating, plumbing, and general supervision of the maintenance of all mechanical equipment in the building, reporting any need for skilled service to the Superintendent of Schools, or his/her designee, through the Building Principal.
3. He or she shall be expected to take care of the load of duties as may be worked out and assigned by the Building Principal and the Superintendent of Schools or his/her designee.
4. He or she shall be responsible for the proper requisition of needed supplies and checking upon repair or supplies for use in the building in which he or she is assigned.
5. He or she shall be responsible for organizing and supervising, under the direction of the Superintendent of Schools, the work of other temporary operating or maintenance Employees assigned to his or her building.
6. He or she is expected to arrange for a custodian or other person authorized by the Building Principal and/or the Superintendent to be present whenever the building is open to the general public, as determined by the Building Principal and/or the Superintendent.
7. On school days, and on other days as assigned by the Superintendent, he or she shall be in charge of the upkeep of the grounds and shall keep all sidewalks free of snow and ice, along with all driveways and parking lots. All additional work, including overtime related to these responsibilities must be approved in advance by the Superintendent or his/her designee. Day custodians shall work his/her regular scheduled day on days cancelled due to inclement weather unless directed otherwise by the Superintendent or his/her designee. On days cancelled due to inclement weather, night custodians shall work his/her regularly scheduled hours during the day.
8. Head Custodians will be in charge of all building checks.
Custodial Duties. GESPA employees are not required to perform custodial duties while supervising the cafeteria.