Use of Immobilization Programs Clause Samples
The 'Use of Immobilization Programs' clause defines the conditions under which immobilization programs—systems or procedures that restrict the movement or use of certain assets—may be implemented within the scope of an agreement. Typically, this clause outlines which assets or equipment are subject to immobilization, the circumstances that trigger such programs (such as non-payment or breach of contract), and the responsibilities of each party in managing or responding to immobilization events. By establishing clear guidelines for when and how immobilization can occur, this clause helps prevent disputes and ensures that both parties understand the consequences of specific actions or defaults.
Use of Immobilization Programs. Provided (i) the Bank has received a certified copy of a resolution of the Board specifically approving the maintenance of Portfolio Securities in an immobilization program operated by a bank which meets the requirements of Section 26(a)(1) of the 1940 Act, and (ii) for each year following such approval the Board has reviewed and approved the arrangement and has not delivered an Officer's Certificate to the Bank indicating that the Board has withdrawn its approval, the Bank shall enter into such immobilization program with such bank acting as a subcustodian hereunder.
Use of Immobilization Programs. 8 6.8 Eurodollar CDs................................................... 8 6.9
Use of Immobilization Programs. 8 6.7 Eurodollar CDs................................................ 8 6.8 Options and Futures Transactions.............................. 8 6.9
Use of Immobilization Programs. Provided the Bank has received Proper Instructions, the Bank shall enter into immobilization programs with any bank acting as a subcustodian hereunder.
Use of Immobilization Programs. 8 6.7 Eurodollar CDs..................................8 6.8 Options and Futures Transactions................9
(a) Puts and Calls Traded on Securities Exchanges, NASDAQ or Over-the-Counter.................9 (b) Puts, Calls, and Futures Traded on Commodities Exchanges...................9
Use of Immobilization Programs. 10 6.7 Eurodollar CDs . . . . . . . . . . . . . . . . . . 11 6.8
Use of Immobilization Programs. Provided (i) the Bank has received a certified copy of a resolution of the Trustees of the Trust specifically approving the maintenance of portfolio securities in an immobilization program operated by a bank which meets the requirements of Section 26(a)(1) of the Investment Company Act of 1940, and (ii) for each year following such approval the Trustees of the Trust have reviewed and approved the arrangement and have not delivered an Officer’s Certificate to the Bank indicating that the Trustees have withdrawn their approval, the Bank shall enter into such immobilization program with such bank acting as a subcustodian hereunder.
Use of Immobilization Programs. 7 6.7 Reserved............................................................... 7 6.8 Options and Futures Transactions.................................... 7
Use of Immobilization Programs. 8 6.7 Eurodollar CDs................................................................ 8 6.8 Options and Futures Transactions.............................................. 9 (a) Puts and Calls Traded on Securities Exchanges, NASDAQ or Over-the-Counter........................................... 9