Common use of Actions of the Bank Clause in Contracts

Actions of the Bank. Until the Bank receives instructions from Authorized Persons to the contrary, the Bank will, or will instruct its subcustodian to, (a) present for payment any Securities in the Custody Account which are called, redeemed or retired or otherwise become payable and all coupons and other income items which call for payment upon presentation to the extent that the Bank or subcustodian is aware of such opportunities for payment, and hold cash received upon presentation of such Securities in accordance with the provisions of Sections 2, 3 and 4 of this Agreement; (b) in respect of Securities in the Custody Account, execute in the name of the Fund such ownership and other certificates as may be required to obtain payments in respect thereof; (c) exchange interim receipts or temporary Securities in the Custody Account for definitive Securities; (d) convert moneys received with respect to Securities of foreign issue into United States dollars or any other currency necessary to effect any transaction involving the Securities whenever it is practicable to do so through customary banking channels, using any method or agency available, including, but not limited to, the facilities of the Bank, its subsidiaries, affiliates or subcustodians; and (e) in the event of any loss of Securities or Cash, use its best efforts to ascertain the circumstances relating to such loss and promptly report the same to the Fund.

Actions of the Bank. Until the Bank receives instructions from Authorized Persons to the contrary, the Bank will, or will instruct its subcustodian subcustodian, to,: (a) present for payment any Securities in the Custody Account which are called, redeemed or retired or otherwise become payable and all coupons and other income items which call for payment upon presentation to the extent that the Bank or subcustodian is aware of such opportunities for payment, and hold cash received upon presentation of such Securities in accordance with the provisions of Sections 2, 3 and 4 of this Agreement; (b) in respect of Securities in the Custody Account, execute in the name of the Fund such ownership and other certificates as may be required to obtain payments in respect thereof; (c) exchange interim receipts or temporary Securities in the Custody Account for definitive Securities; (d) convert moneys received with respect to Securities of foreign issue into United States dollars or any other currency necessary to effect any transaction involving the Securities whenever it is practicable to do so through customary banking channels, using any method or agency available, including, but not limited to, the facilities of the Bank, its subsidiaries, affiliates or subcustodians; and (e) in the event of any loss of Securities or Cashcash, use its best efforts to ascertain the circumstances relating to such loss and promptly report the same to the Fund.

Actions of the Bank. Until the Bank receives instructions from Authorized Persons to the contrary, the Bank will, or will instruct its subcustodian to, (a) present for payment any Securities in the Custody Account which are called, redeemed or retired or otherwise become payable and all coupons and other income items which call for payment upon presentation to the extent that the Bank or subcustodian is aware of such opportunities for payment, and hold cash received upon presentation of such Securities in accordance with the provisions of Sections 2, 3 and 4 of this Agreement; (b) in respect of Securities in the Custody Account, execute in the name of the Fund such ownership and other certificates as may be required to obtain payments in respect thereof; (c) exchange interim receipts or temporary Securities in the Custody Account for definitive Securities; (d) convert moneys received with respect to Securities of foreign issue into United States dollars or any other currency necessary to effect any transaction involving the Securities whenever it is practicable to do so through customary banking channels, using any method or agency available, including, but not limited to, the facilities of the Bank, its subsidiaries, affiliates or subcustodians; and (e) in the event of any loss of Securities or Cashcash, use its best efforts to ascertain the circumstances relating to such loss and promptly report the same to the Fund.

Actions of the Bank. Until the Bank receives instructions Instructions from Authorized Persons to the contrary, the Bank will, or will instruct its subcustodian subcustodian, to, (a) present for payment any Securities in the Custody Account which are called, redeemed or retired or otherwise become payable and all coupons and other income items which call for payment upon presentation to the extent that the Bank or subcustodian is aware of such opportunities for payment, and hold cash received upon presentation of such Securities in accordance with the provisions of Sections 2, 3 and 4 of this Agreement; (b) in respect of Securities in the Custody Account, execute in the name of the Fund Company such ownership and other certificates as may be required to obtain payments in respect thereof; (c) exchange interim receipts or temporary Securities in the Custody Account for definitive Securities; (d) convert moneys received with respect to Securities of foreign issue into United States dollars or any other currency necessary to effect any transaction involving the Securities whenever it is practicable to do so through customary banking channels, using any method to or agency available, including, including but not limited to, the facilities of the Bank, its subsidiaries, affiliates or subcustodians; and (e) appoint brokers and agents for any transaction involving the Securities in the event Custody Account, including, without limitation, affiliates of the Bank or any loss of Securities subcustodian, but except as otherwise specifically provided herein the Bank or Cashits subcustodian, use its best efforts to ascertain as the circumstances relating to case may be, will not be responsible for any act, omission or default of, or for the solvency of, any such loss and promptly report the same to the Fundbroker or agent.

Actions of the Bank. Until the Bank receives instructions Instructions from Authorized Persons to the contrary, the Bank will, or will instruct its subcustodian subcustodian, to, (a) present for payment any Securities in the Custody Account which are called, redeemed or retired or otherwise become payable and all coupons and other income items which call for payment upon presentation to the extent that the Bank or subcustodian is aware of such opportunities for payment, and hold cash received upon presentation of such Securities in accordance with the provisions of Sections 2, 3 and 4 of this Agreement; (b) in respect of Securities in the Custody Account, execute in the name of the Fund such ownership and other certificates as may be required to obtain payments in respect thereof; (c) exchange interim receipts or temporary Securities in the Custody Account for definitive Securities; (d) convert moneys received with respect to Securities of foreign issue into United States dollars or any other currency necessary to effect any transaction involving the Securities whenever it is practicable to do so through customary banking channels, using any method or agency available, including, but not limited to, the facilities of the Bank, its subsidiaries, affiliates or subcustodians; and (e) appoint brokers and agents for any transaction involving the Securities in the event Custody Account, including, without limitation, affiliates of the Bank or any loss of Securities or Cash, use its best efforts to ascertain the circumstances relating to such loss and promptly report the same to the Fundsubcustodian.