Liability for Depositories Sample Clauses
The 'Liability for Depositories' clause defines the responsibilities and potential liabilities of parties when assets or funds are held with third-party depositories. Typically, this clause clarifies whether the party using the depository is liable for losses resulting from the depository's actions, such as mismanagement, insolvency, or fraud, or if such risks are borne by the other party. By allocating responsibility for losses related to depositories, this clause helps manage risk and provides clarity on who bears the consequences of depository failures or misconduct.
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Liability for Depositories. The Custodian shall not be responsible for any losses resulting from the deposit or maintenance of Securities, Assets or other property of the Series with a Securities Depository.
Liability for Depositories. BNY Mellon will have no responsibility or liability for the activities of any Depository arising out of or relating to this Agreement or any cost or burden imposed on the transfer or holding of Assets held with such Depository.
Liability for Depositories. 18 4. Damages.....................................................................................................18 5. Indemnification; Liability of the Series....................................................................18 6.
Liability for Depositories. The Custodian shall not be responsible for any losses resulting from the deposit or maintenance of Securities, Assets or other property of the Fund with a Securities Depository.
Liability for Depositories. The Custodian shall not be responsible for any losses resulting from the deposit or maintenance of Securities, Assets or other property of the Fund with a Securities Depository. Nothing in this provision shall preclude damages for a breach of duties under Article III.
Liability for Depositories. 18 4. Damages.................................................... 18 5. Indemnification; Liability of the Fund..................... 18 6.
Liability for Depositories. 14 4. DAMAGES...........................................................14 5.
Liability for Depositories. BNY will have no responsibility or liability for the activities of any Depository arising out of or relating to this Agreement or any cost or burden imposed on the transfer or holding of Assets held with such Depository.
Liability for Depositories. 16 4. Damages.............................................................16 5.
Liability for Depositories. Mellon shall not be responsible for any losses resulting from the deposit or maintenance of Securities, Assets or other property of a Portfolio with a Securities Depository.