Safekeeping of Assets Clause Samples
Safekeeping of Assets. The General Partner is responsible for the safekeeping and use of all funds and assets of the Partnership, whether or not in its immediate possession or control, and will not employ or permit another Person to employ the funds or assets except for the exclusive benefit of the Partnership and in trust therefor.
Safekeeping of Assets. The Custodian will receive and keep safely the assets of the Fund delivered to it. The Custodian will not deliver any of the assets received from the Fund to any person except as permitted by the terms of this Agreement.
Safekeeping of Assets. Transfer Agent shall assume sole responsibility for the investment and the safekeeping of all Account assets. Transfer Agent shall perform all recordkeeping and accounting functions (including but not limited to purchases and redemptions and earnings and loss calculations) for each Account, and shall provide a detailed report regarding such recordkeeping and accounting to the Custodian at least annually or more frequently upon Custodian's reasonable request.
Safekeeping of Assets. All Assets shall, until distributed or paid over as herein provided or in the Plan, be held in trust for the benefit of the Beneficiaries in accordance with the Plan and this Agreement. The Trustee shall be under no liability for interest or producing income on any moneys received by it herein and held for distribution or payment to the Beneficiaries, except as such interest or income shall actually be received by the Trustee.
Safekeeping of Assets. The Manager shall open one or more separate accounts with respect to the Funds and shall not co- mingle any Fund Property with its own assets. The Manager shall appoint one or more of a bank, trust company, investment dealer or any other institution that is qualified to act as a custodian of the Funds (the "Custodian") to be responsible for the safekeeping of all of the portfolio assets of the Funds and for the purposes of performing the custodial and related responsibilities under this Trust Agreement, or to make such other arrangements, in accordance with industry practice, for the safe custody of some or all of Fund Property as the Manager deems prudent and who shall be paid for those services by the Manager. Such Custodian may be an Affiliate of the Trustee if the Trustee is not also acting as Manager. As directed by the Manager or required by law, the Manager shall deposit certain assets of the Funds with the Custodian for safekeeping and administration. The Manager shall enter into a written custodian agreement with the Custodian which may include provisions whereby the Manager may give instructions directly to such Custodian concerning the assets of the Funds and the Custodian may act thereon without approval by the Trustee and may provide for the appointment of sub-custodians. The Manager shall have authority to appoint a new custodian of the assets of the Funds and to make contractual arrangements for that purpose. The Trustee shall be under no obligation to supervise and shall have no responsibility or liability for acts of omission or commission of any such Custodian or sub-custodian under such arrangements.
Safekeeping of Assets. All Liquidating Trust Assets shall, until distributed or paid over as provided in the Controlling Documents, be held in trust for the benefit of the Beneficiaries in accordance with the Controlling Documents. The Liquidating Trustee shall be under no liability for interest or producing income on any moneys received by him or her herein and held for Distribution or payment to the Beneficiaries, except as such interest or income shall actually be received by the Liquidating Trust.
Safekeeping of Assets. 11 3.07 Indemnification .................................11 3.08
Safekeeping of Assets. STG is only required to place the assets entrusted to it in special safekeeping or to insure them, if the client has specifically requested this in writing.
Safekeeping of Assets. The General Partner is responsible for the safekeeping and use of all funds and assets of the Partnership, whether or not in its immediate possession or control.
Safekeeping of Assets. All assets for which WFG acts as investment adviser shall at all times be held by a custodian bank or broker/dealer in a segregated safekeeping account. CLIENT shall furnish WFG with a copy of all custody agreements between CLIENT and any designated custodian. WFG will not be responsible for the safekeeping of CLIENT's securities held by a custodian. 3.