Pledge of Collateral. To the extent that any Advance Obligations of the Fund are not satisfied by the close of business on the first Business Day following the Business Day on which the Fund receives a Written Notice requesting security for such Advance Obligation and stating the amount of such Advance Obligation, the Fund shall pledge, assign and grant to the Custodian a first priority security interest in Collateral specified by the Fund by delivering to the Custodian a Pledge Certificate executed by the Fund describing such Collateral. Such Written Notice may, in the discretion of the Custodian, be included within or accompany the Notice of Advance (as defined in the Custodian Agreement) relating to the applicable Advance Obligation.
Appears in 25 contracts
Sources: Master Custodian Agreement (DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.), Custodian Agreement (DWS Advisor Funds), Master Custodian Agreement (DWS Variable Series Ii)
Pledge of Collateral. To the extent that any Advance Obligations of the Fund are not satisfied by the close of business on the first Business Day following the Business Day on which the Fund receives a Written Notice requesting security for such Advance Obligation and stating the amount of such Advance Obligation, the Fund shall pledge, assign and grant to the Custodian a first priority security interest in Collateral specified by the Fund by delivering to the Custodian a Pledge Certificate executed by the Fund describing such Collateral. Such Written Notice may, in the discretion of the Custodian, be included within or accompany the Notice of Advance (as defined in the Amended and Restated Master Custodian Agreement) relating to the applicable Advance Obligation.
Appears in 12 contracts
Sources: Master Custodian Agreement (DWS Variable Series I), Master Custodian Agreement (DWS Institutional Funds), Master Custodian Agreement (DWS Variable Series I)