Acceptance of Delivery of Account Property by Reasonable Means. Notwithstanding any term of Article II and this Article III to the contrary, the Custodian shall be entitled in any instance to take delivery of and hold any Account Property by such other means and procedures (whether or not as described in, or in compliance with, the terms of Article II and Article III) as it may deem appropriate or expedient, or as may be consistent with its then-applicable procedures, including, using nominees or other methods of good delivery, utilizing or holding through other agents, intermediaries, brokers, dealers, clearing or depository banks, sub-custodians or other depositories, or through any “direct paper” book entry or other recognized securities system, in each case in any combination, as it may deem appropriate or, where appropriate, holding of securities as part of a fungible bulk, subject, however, to its duties under any Requirement of Law.
Appears in 6 contracts
Samples: Guarantee and Security Agreement, Guarantee and Security Agreement, Custodial Agreement (Nuveen Mortgage Opportunity Term Fund 2)
