Common use of Collection of Income and Other Matters Affecting Securities Clause in Contracts

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written Instruction, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, shall with respect to all Securities held for a Series in accordance with this Agreement: (1) Collect all income due or payable; (2) Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed or retired, or otherwise become payable. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Client or the Series for monitoring or ascertaining any call, redemption or retirement dates with respect to Put Bonds which are owned by the Client or the Series and held by the Custodian or its nominees. Nor shall the Custodian have any responsibility or liability to the Client or the Series for any loss by the Client or the Series for any missed payments or other defaults resulting therefrom; unless the Custodian received timely notification from the Client specifying the time, place and manner for the presentment of any such Put Bond owned by the Client for the Series and held by the Custodian or its nominee. The Custodian shall not be responsible and assumes no liability to the Client or the Series for the accuracy or completeness of any notification the Custodian may furnish to the Client with respect to Put Bonds; (3) Surrender Securities in temporary form for definitive Securities; (4) Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Series; and (5) Hold directly, or through the Book-Entry System or the Depository with respect to securities therein deposited, for the account of each Series all rights and similar securities issued with respect to any Securities held by the Custodian hereunder for each Series.

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written InstructionInstructions, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for a Series in accordance with this Agreement: (1) 4.5.1 Collect all income due or payable;payable and credit such income promptly on the contractual settlement date, whether or not actually received, to the account of the appropriate Series, except for income from foreign issues. Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall be repaid to the Bank pending final collection at such date as may be mutually agreed upon by the Trust and the Bank. (2) 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed or retired, or otherwise become payable. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility monitor major publications for notice or corporate actions in accordance with normal industry standards and shall make a good faith effort to the Client or the Series for monitoring or ascertaining inform Trust of any call, redemption or retirement dates date with respect to Put Bonds Securities which are owned by the Client or the a Series and held by the Custodian Bank or its nomineesnominee. Notwithstanding the foregoing, the Bank makes no guarantees to the Trust or a Series that such normal monitoring shall identify any call, redemption or retirement date with respect to Securities which are held by a Series and held by Bank or its nominee. Nor shall the Custodian Bank have any responsibility or liability to the Client Trust or the to a Series for any loss by the Client or the a Series for any missed payments payment or other defaults default resulting therefrom; therefrom unless the Custodian Bank received timely notification notification, which shall not be less than 5 business days, from the Client Trust or the Series or a depository specifying the time, place and manner for the presentment of any such Put Bond put bond owned by the Client for the a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Client Trust or the a Series for the accuracy or completeness of any notification the Custodian may furnish provided to the Client Bank that the Bank shall provide to the Trust or a Series with respect to Put Bonds; (3) Surrender Securities in temporary form for definitive put Securities; (4) 4.5.3 Execute any necessary declarations or certificates of or ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Serieseffect; and (5) 4.5.4 Hold directly, or through the Book-Entry System or the Depository with respect to securities therein deposited, for the account of each Series all rights and similar securities other Securities issued with respect to any Securities held by the Custodian Bank hereunder for each such Series.

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written InstructionInstructions, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for a Series in accordance with this Agreement: (1) 4.5.1 Collect all income due or payablepayable and credit such income promptly on the contractual settlement date, whether or not actually received, to the account of the appropriate Series, except for income from foreign issues. Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall be repaid to the Bank pending final collection at such date as may be mutually agreed upon by the Trust and the Bank; (2) 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed or retired, or otherwise become payable. Bank shall make a good faith effort to inform Fund of any call, redemption or retirement date with respect to securities which are owned by a Series and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Client Fund or the a Series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to Put Bonds securities which are owned held by the Client or the a Series and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Client Fund or the to a Series for any loss by the Client or the a Series for any missed payments payment or other defaults default resulting therefrom; therefrom unless the Custodian Bank received timely notification general notification, which shall not be less than 5 business days, from the Client Fund or the Series specifying the time, place and manner for the presentment of any such Put Bond put bond owned by the Client for the a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Client Fund or the a Series for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Client Fund or a series with respect to Put Bondsput securities; (3) Surrender Securities in temporary form for definitive Securities; (4) 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Serieseffect; and (5) Hold directly, or through the Book-Entry System or the Depository with respect to securities therein deposited, for the account of each Series all rights and similar securities issued with respect to any Securities held by the Custodian hereunder for each Series.

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written InstructionInstructions, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for a Series in accordance with this Agreement: (1) 4.5.1 Collect all income due or payable;payable and credit such income promptly on the contractual settlement date, whether or not actually received, to the account of the appropriate Series, except for income from foreign issues. Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall be repaid to the Bank pending final collection at such date as may be mutually agreed upon by the Company and the Bank. (2) 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed or retired, or otherwise become payable. Bank shall make a good faith effort to inform Company of any call, redemption or retirement date with respect to Securities which are owned by a Series and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Client Company or the a Series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to Put Bonds Securities which are owned held by the Client or the a Series and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Client Company or the to a Series for any loss by the Client or the a Series for any missed payments payment or other defaults default resulting therefrom; therefrom unless the Custodian Bank received timely notification notification, which shall not be less than 5 business days, from the Client Company or the Series specifying the time, place and manner for the presentment of any such Put Bond put bond owned by the Client for the a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Client Company or the a Series for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Client Company or a Series with respect to Put Bonds; (3) Surrender Securities in temporary form for definitive put Securities; (4) 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Serieseffect; and (5) 4.5.4 Hold directly, or through the Book-Entry System or the Depository with respect to securities therein deposited, for the account of each Series all rights and similar securities other Securities issued with respect to any Securities held by the Custodian Bank hereunder for each such Series.

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written InstructionInstructions, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for a Series in accordance with this Agreement: (1) 4.5.1. Collect all income due or payable;payable and credit such ------ income promptly on the contractual settlement date, whether or not actually received, to the account of the appropriate Series, except for income from foreign issues. Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall, be repaid to the Bank pending final collection at such date as may be mutually agreed upon by the Fund and the Bank. (2) 4.5.2. Present for payment and collect the amount payable upon ------ all Securities which may mature or be called, redeemed or retired, or otherwise become payable. Bank shall promptly inform Fund of any call, redemption or retirement date with respect to Securities which are owned by a Series and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Client Fund or the a Series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to Put Bonds Securities, which are owned held by the Client or the a Series and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Client Fund or the to a Series for any loss by the Client or the a Series for any missed payments payment or other defaults default resulting therefrom; therefrom unless the Custodian Bank received timely notification from the Client issuer or its agent specifying the time, place and manner for the presentment of any such Put Bond put bond owned by the Client for the a Series and held by the Custodian Bank or its nominee, and Bank fails to promptly notify the Fund of the same. 4.5.3. The Custodian shall not be responsible and assumes no liability to the Client or the Series for the accuracy or completeness of any notification the Custodian may furnish to the Client with respect to Put Bonds; (3) Surrender Securities in temporary form for definitive Securities; (4) Execute any necessary declarations or certificates of ------ ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Serieseffect; and (5) 4.5.4. Hold directly, or through the Book-Entry System or the Depository with respect to securities therein deposited, for the account of each Series all rights and similar securities ------ other Securities issued with respect to any Securities held by the Custodian Bank hereunder for each such Series.

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written InstructionInstructions, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for a Series in accordance with this Agreement: (1) 4.5.1 Collect all income due or payablepayable and credit such income promptly on the contractual settlement date, whether or not actually received, to the account of the appropriate Series, except for income from foreign issues. Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall be repaid to the Bank pending final collection at such date as may be mutually agreed upon by the Trust and the Bank; (2) 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed or retired, or otherwise become payable. Bank shall make a good faith effort to inform Trust of any call, redemption or retirement date with respect to securities which are owned by a Series and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Client Trust or the a Series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to Put Bonds securities which are owned held by the Client or the a Series and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Client Trust or the to a Series for any loss by the Client or the a Series for any missed payments payment or other defaults default resulting therefrom; therefrom unless the Custodian Bank received timely notification general notification, which shall not be less than 5 business days, from the Client Trust or the Series specifying the time, place and manner for the presentment of any such Put Bond put bond owned by the Client for the a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Client Trust or the a Series for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Client Trust or a series with respect to Put Bondsput securities; (3) Surrender Securities in temporary form for definitive Securities; (4) 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Serieseffect; and (5) 4.5.4 Hold directly, or through the Book-Entry System or the Depository with respect to securities therein deposited, for the account of each Series all rights and similar securities other Securities issued with respect to any Securities held by the Custodian Bank hereunder for each such Series.

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written InstructionInstructions, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for a Series in accordance with this Agreement: (1) 4.5.1 Collect all income due or payablepayable and credit such income promptly on the contractual settlement date, whether or not actually received, to the account of the appropriate Series, except for income from foreign issues. Income which has not been collected after C-104 reasonable effort, within a time agreed upon between the parties, shall be repaid to the Bank pending final collection at such date as may be mutually agreed upon by the Trust and the Bank; (2) 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed or retired, or otherwise become payable. Bank shall make a good faith effort to inform Fund of any call, redemption or retirement date with respect to securities which are owned by a Series and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Client Fund or the a Series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to Put Bonds securities which are owned held by the Client or the a Series and held by the Custodian Bank or its nomineesnominee. Nor shall the Custodian Bank have any responsibility or liability to the Client Fund or the to a Series for any loss by the Client or the a Series for any missed payments payment or other defaults default resulting therefrom; therefrom unless the Custodian Bank received timely notification general notification, which shall not be less than 5 business days, from the Client Fund or the Series specifying the time, place and manner for the presentment of any such Put Bond put bond owned by the Client for the a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Client Fund or the a Series for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Client Fund or a series with respect to Put Bondsput securities; (3) Surrender Securities in temporary form for definitive Securities; (4) 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Serieseffect; and (5) 4.5.4 Hold directly, or through the Book-Entry System or the Depository with respect to securities therein deposited, for the account of each Series all rights and similar securities other Securities issued with respect to any Securities held by the Custodian Bank hereunder for each such Series.

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written InstructionInstructions, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for a Series in accordance with this Agreement: (1) 4.5.1 Collect all income due or payablepayable and credit such income promptly on contractual settlement date, whether or not actually received, to the account of the appropriate Series, except for income from foreign issues. Income which has not been collected after reasonable effort, within a time agreed upon between the parties, shall be repaid to the Bank pending final collection at such date as may be mutually agreed upon by the Trust and the Bank; (2) 4.5.2 Present for payment and collect in a timely manner the amount payable upon all Securities which may mature or be called, redeemed or retired, or otherwise become payable. bank shall make a good faith effort to inform Trust of any call, redemption or retirement date with respect to Securities which are owned by a Series and held by the Bank or its nominee. Notwithstanding the foregoing, the Custodian Bank shall have no responsibility to the Client Trust or the Series a series for monitoring or ascertaining of any call, redemption or retirement dates date with respect to Put Bonds Securities which are owned by the Client or the a Series and held by the Custodian Bank or its nomineesnominee. Nor with respect to any put bond shall the Custodian Bank have any responsibility or liability to the Client Trust or the to a Series for any loss by the Client or the a Series for any missed payments payment or other defaults default resulting therefrom; therefrom unless the Custodian Bank received timely notification general notification, which shall not be less than 5 business days, from the Client Trust or the Series specifying the time, place and manner for the presentment of any such Put Bond put bond owned by the Client for the a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Client Trust or the a Series for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Client Trust or a Series with respect to Put Bondsput securities; (3) Surrender Securities in temporary form for definitive Securities; (4) 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Series; andeffect; (5) 4.5.4 Hold directly, or through the Book-Entry System or the Depository with respect to securities therein deposited, for the account of each Series all rights and similar securities Securities issued with respect to any Securities held by the Custodian Bank hereunder for such Series; and 4.5.5 With respect to all Securities (except foreign securities) the Bank will pay to the Trust for the benefit of the Series, all interest and dividend income which is due and payable but unpaid on the contractual settlement or payment dates, subject to reimbursement from the Trust in each Seriescase at such a later date as may be agreed upon by the Trust and the Bank.

Collection of Income and Other Matters Affecting Securities. Unless otherwise instructed to the contrary by Written InstructionInstructions, the Custodian by itself, or through the use of the Book-Entry System or the Depository with respect to Securities therein deposited, Bank shall with respect to all Securities held for a Series in accordance with this Agreement: (1) 4.5.1 Collect all income due or payablepayable and credit such income promptly on the contractual settlement date, whether or not actually received, to the Account of the appropriate Series, except for income from foreign issues, which shall be credited thereto only upon receipt thereof by the Bank. Income which has not been collected after reasonable effort, within a time agreed upon between MCM and the Bank, shall be repaid to the Bank pending final collection at such date as may be mutually agreed upon by MCM and the Bank; (2) 4.5.2 Present for payment and collect the amount payable upon all Securities which may mature or be called, redeemed or retired, or otherwise become payable. Notwithstanding the foregoing, the Custodian The Bank shall have no responsibility make a good faith effort to the Client or the Series for monitoring or ascertaining inform MCM of any call, redemption or retirement dates date with respect to Put Bonds Securities which are owned by the Client or the a Series and held by the Custodian Bank or its nomineesnominee. Nor Notwithstanding the foregoing, the Bank shall have no responsibility to MCM or a Series for monitoring or ascertaining of any call, redemption or retirement date with respect to Securities that are owned by or in the Custodian possession of a Series and held by the Bank or its duly appointed registered nominee. The Bank also shall have any no responsibility or liability to the Client MCM or the to a Series for any loss by the Client or the a Series for any missed payments payment or other defaults default resulting therefrom; therefrom unless the Custodian Bank received timely notification notification, which shall not be less than three (3) Business Days, from the Client MCM specifying the time, place and manner for the presentment of any such Put Bond put bond owned by the Client for the a Series and held by the Custodian Bank or its nominee. The Custodian Bank shall not be responsible and assumes no liability to the Client MCM or the a Series for the accuracy or completeness of any notification the Custodian may furnish Bank shall provide to the Client MCM or a Series with respect to Put Bonds; (3) Surrender Securities in temporary form for definitive put Securities; (4) 4.5.3 Execute any necessary declarations or certificates of ownership under the Federal income tax laws or the laws or regulations of any other taxing authority now or hereafter in effect including filing such documents as may be necessary to reclaim foreign withholding taxes paid by the Serieseffect; and (5) 4.5.4 Hold directly, or through in the Book-Entry System or the Depository with respect to securities therein deposited, for the account Account of each Series all rights and similar securities other Securities issued with respect to any Securities held by the Custodian Bank hereunder for each such Series.