Common use of Authority to Hold Securities Clause in Contracts

Authority to Hold Securities. Subject to the terms and conditions of this Agreement, Client hereby authorizes Custodian to hold Securities received, from time to time, for the account of Client. Custodian may hold the Securities directly or indirectly through Securities Depositories and Sub-Custodians qualifying under Section 1.6 and this Section 4.

Appears in 5 contracts

Samples: Custody Agreement (Prudential Variable Contract Account 10), Custody Agreement (Prudential Series Fund Inc), Custody Agreement (Prudential Variable Contract Account 11)

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