Securities in Custody Sample Clauses

The 'Securities in Custody' clause defines the responsibilities and procedures for holding and safeguarding securities on behalf of a client. It typically outlines how the custodian will store, record, and manage the securities, including processes for settlement, reporting, and handling of corporate actions such as dividends or voting rights. This clause ensures that the client's assets are securely managed and clearly delineates the custodian's obligations, thereby reducing the risk of loss, mismanagement, or disputes over asset ownership.
Securities in Custody. You acknowledge and agree that: (a) there are risks in leaving Securities in the safe custody of SoFi HK, our nominee or agent; and (b) SoFi HK, our nominee or agent will not be responsible for: (i) any damage or loss arising in connection with such safe custody, save where due to the negligence or willful default of SoFi HK; or (ii) any damage or loss arising in connection with any act, default or negligence of any independent nominee, or our foreign brokers or agents or our foreign brokers’ or agents’ nominee, and you accept that any Securities placed with any independent nominee or our foreign brokers or agents, or our foreign brokers’ and agents’ nominee are at your own risk, provided that SoFi HK shall have exercised reasonable care in selecting any such nominee, broker or agent.
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Securities in Custody. The Client acknowledges and agrees that there are risks in leaving Securities in the safe custody of USL, USL’s nominee or agent or in authorizing USL to deposit Securities as collateral for loans or advances made to the Client or authorizing USL to borrow or loan Securities; and that USL will not be responsible for any damage or loss arising in connection with such safe custody nor any act, default or negligence of any independent nominee, or other third party(ies) and the Client accepts that any Securities placed and pledged with any of them are at the Client’s own risk.
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Securities in Custody. The Client acknowledges and agrees that there are risks in leaving Securities in the safe custody of GTJAS, GTJAS’s nominee or agent or in authorizing GTJAS to deposit Securities as collateral for loans or advances made to the Client or authorizing GTJAS to borrow or loan Securities; and that GTJAS will not be responsible for any damage or loss arising in connection with such safe custody nor any act, default or negligence of any independent nominee, or other third party(ies) and the Client accepts that any Securities placed and pledged with any of them are at the Client’s own risk.
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Securities in Custody. The Client acknowledges and agrees that there are risks in leaving Securities in the safe custody of ▇▇▇▇▇▇, ▇▇▇▇▇▇’s nominee or agent; and that Suntek Suntek will not be responsible for any damage or loss arising in connection with such safe custody nor any act, default or negligence of any independent nominee, or other third party(is) and the Client accepts that any Securities placed and pledged with any of them are at the Client’s own risk.
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Securities in Custody. The Client acknowledges and agrees that there are risks in leaving securities in the safe custody of NECHK, NECHK’s nominee or agent or in authorizing NECHK to deposit securities as collateral for loans or advances made to the Client or authorizing NECHK to borrow or loan securities; and that NECHK will not be responsible for any damage or loss arising in connection with such safe custody nor any act, default or negligence of any independent nominee, or other third party(is) and the Client accepts that any Securities placed and pledged with any of them are at the Client’s own risk.
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Securities in Custody. Certificates in negotiable form for all Securities to be sold by such Selling Shareholder under this Agreement, together with a stock power or powers duly endorsed in blank by such Selling Shareholder, have been placed in custody with the custodian (the “Custodian”) appointed pursuant to the Power of Attorney and Custody Agreement for the purpose of effecting delivery hereunder, subject to the terms of the Power of Attorney and Custody Agreement.
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Securities in Custody. You also acknowledge that there are risks associated with leaving Securities in BOOM’s custody.
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Securities in Custody. The Client acknowledges and agrees that there are risks in leaving Securities in the safe custody of USPL, USPL’s nominee or agent or in authorising USPL to deposit Securities as collateral for loans or advances made to the Client or authorising USPL to borrow or loan Securities; and that USPL will not be responsible for any damage or loss arising in connection with such safe
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Related to Securities in Custody

  • Securities in Global Form If Securities of a series are issuable in global form, as specified as contemplated by Section 2.03(b), then, notwithstanding clause (10) of Section 2.03(b) and the provisions of Section 2.05, any such Security in global form shall represent such of the Securities of such series Outstanding as shall be specified therein, and any such Security in global form may provide that it shall represent the aggregate amount of Securities Outstanding from time to time endorsed thereon and that the aggregate amount of Securities Outstanding represented thereby may from time to time be reduced to reflect any exchanges of beneficial interests in such Security in global form for Securities of such series as contemplated herein. Any endorsement of a Security in global form to reflect the amount, or any decrease in the amount, of Securities Outstanding represented thereby shall be made by the Trustee or the Security Registrar in such manner and upon instructions given by such person or persons as shall be specified in such Security in global form or in the Company Order to be delivered to the Trustee pursuant to Section 2.06 or Section 2.08. Subject to the provisions of Section 2.06 and, if applicable, Section 2.08, the Trustee or the Security Registrar shall deliver and redeliver any Security in permanent global form in the manner and upon instructions given by the person or persons specified in such Security in global form or in the applicable Company Order. If a Company Order pursuant to Section 2.06 or Section 2.08 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not be represented by a Company Order and need not be accompanied by an Opinion of Counsel. The provisions of the last sentence of Section 2.06 shall apply to any Security represented by a Security in global form if such Security was never issued and sold by the Company and the Company delivers to the Trustee or the Security Registrar the Security in global form together with written instructions (which need not be represented by a Company Order and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 2.06. Notwithstanding the provisions of Section 2.05, unless otherwise specified as contemplated by Section 2.03(b), payment of principal of and any premium and interest on any Security in permanent global form shall be made to the persons or persons specified therein.

  • Global Securities in General Each Global Security shall represent such of the outstanding Securities as shall be specified therein and each shall provide that it shall represent the aggregate amount of outstanding Securities from time to time endorsed thereon and that the aggregate amount of outstanding Securities represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges, redemptions, purchases or conversions of such Securities. Any endorsement of a Global Security to reflect the amount of any increase or decrease in the amount of outstanding Securities represented thereby shall be made by the Securities Custodian in accordance with the standing instructions and procedures existing between the Depositary and the Securities Custodian. Members of, or participants in, the Depositary ("Agent Members") shall have no rights under this Indenture with respect to any Global Security held on their behalf by the Depositary or under any Global Security, and the Depositary (including, for this purpose, its nominee) may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and Holder of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall (A) prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or (B) impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security.

  • Securities Depository The Fund agrees to maintain settlement of the VMTP Shares in global book entry form through the Securities Depository or such other clearance system acceptable to ▇▇▇▇▇ Fargo.

  • SECURITIES SYSTEMS The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in compliance with the conditions of Rule 17f-4 under the 1940 Act, as amended from time to time.

  • Custodian and Depository The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to act as depository for and to maintain custody of the property of the Trust or any Series or Class and accounting records in connection therewith.