ACCESS TO SECURITIES Sample Clauses
The "Access to Securities" clause defines the rights and procedures by which parties can obtain or review securities involved in a transaction. Typically, this clause outlines who is permitted to access the securities, under what conditions, and through what mechanisms—such as electronic systems, custodians, or physical certificates. For example, it may specify that only authorized representatives can inspect or transfer the securities, or that access is contingent upon meeting certain regulatory requirements. The core function of this clause is to ensure transparency and control over the handling of securities, thereby reducing the risk of unauthorized access or mismanagement.
ACCESS TO SECURITIES. Except as otherwise provided by law, no person shall be authorized or permitted to have access to the Securities deposited with the Custodian except pursuant to a Board resolution. Each such resolution shall designate not more than five persons who shall be either officers or responsible employees of the Fund and shall provide that access to such investments shall be had only by two or more such persons jointly, at least one of whom shall be an officer; except that access to such investments shall be permitted (1) to properly authorized officers and employees of the Custodian and (2) to the Fund's independent public accountant jointly with any two persons so designated or with such officer or employee of the Custodian.
ACCESS TO SECURITIES. Except as otherwise provided by law, no person shall be authorized or permitted to have access to the Securities of a Portfolio deposited with Mellon except pursuant to a Board resolution. Each such resolution shall designate not more than five persons who shall be either officers or responsible employees of the Trust and shall provide that access to such investments shall be only by two or more such persons jointly, at least one of whom shall be an officer; except that access to such investments shall be permitted (1) to properly authorized officers and employees of Mellon and (2) to the Trust's or a Portfolio's independent public accountant jointly with any two persons so designated or with such officer or employee of Mellon.
ACCESS TO SECURITIES. All Securities shall be physically segregated at all times from those of any other person and shall be withdrawn only in accordance with this Agreement. Except as otherwise provided by law, no person shall be authorized or permitted to have access to the Securities except pursuant to a resolution of the Board of Directors of Depositor. Each such resolution shall designate not more than five persons who shall be either Directors or responsible employees of Depositor and shall provide that access to such Securities shall be had only by two or more such persons jointly, at least one of whom shall be a Director. Notwithstanding the foregoing, access shall be permitted (i) to properly authorized officers and employees of the Custodian and (ii) for purposes of Section 7 hereof, to the independent public accountant jointly with any two persons so designated by resolution or such authorized officers or employees of Custodian. Such Securities shall at all times be subject to inspection by the United States Securities Exchange Commission through its authorized employees or agents accompanied, unless otherwise directed by order of such Commission, by one or more of the persons designated pursuant to this Section 5.