Common use of Custodian Actions without Direction Clause in Contracts

Custodian Actions without Direction. With respect to Securities held hereunder, the Custodian shall: a. Receive all eligible income and other payments due to the Account; b. Carry out any exchanges of Securities or other corporate actions not requiring discretionary decisions; c. Facilitate access by the Fund or its designee to ballots or online systems to assist in the voting of proxies received for eligible positions of Securities held in the Account (excluding bankruptcy matters); d. Forward to the Fund or its designee information (or summaries of information) that the Custodian receives from Depositories or Subcustodians concerning Securities in the Account (excluding bankruptcy matters); e. Forward to the Fund or its designee an initial notice of bankruptcy cases relating to Securities held in the Account and a notice of any required action related to such bankruptcy cases as may be received by the Custodian. No further action or notification related to the bankruptcy case shall be required; f. Endorse for collection checks, drafts or other negotiable instruments; and g. Execute and deliver, solely in its custodial capacity, certificates, documents or instruments incidental to the Custodian’s performance under this Agreement.

Custodian Actions without Direction. With respect to Securities held hereunder, the Custodian shall: a. Receive all eligible income and other payments due to the AccountAccounts; b. Carry out any exchanges of Securities or other corporate actions not requiring discretionary decisions; c. Facilitate access by the Fund or its designee to ballots or online systems to assist in the voting of proxies received by the Custodian in its capacity as custodian for eligible positions of Securities held in the Account Accounts (excluding bankruptcy matters); d. Forward to the Fund or its designee information (or summaries of information) that the Custodian receives in its capacity as custodian from Depositories or Subcustodians concerning Securities in the Account Accounts (excluding bankruptcy matters); e. Forward to the Fund or its designee an initial notice of bankruptcy cases relating to Securities held in the Account Accounts and a notice of any required action related to such bankruptcy cases as may be received by the CustodianCustodian in its capacity as custodian. No further action or notification related to the bankruptcy case shall be required; f. Endorse for collection checks, drafts or other negotiable instruments; and g. Execute and deliver, solely in its custodial capacity, certificates, documents or instruments incidental to the Custodian’s performance under this Agreement.

Custodian Actions without Direction. With respect to Securities held hereunder, the Custodian shall: a. Receive all eligible income and other payments due to the Account; b. Carry out any exchanges of Securities or other corporate actions not requiring discretionary decisions; c. Facilitate access by the Fund Client or its designee to ballots or online systems to assist in the voting of proxies received for eligible positions of Securities held in the Account (excluding bankruptcy matters); d. Forward to the Fund Client or its designee information (or summaries of information) that the Custodian receives from Depositories or Subcustodians concerning Securities in the Account (excluding bankruptcy matters); e. Forward to the Fund Client or its designee an initial notice of bankruptcy cases relating to Securities held in the Account and a notice of any required action related to such bankruptcy cases as may be received by the Custodian. No further action or notification related to the bankruptcy case shall be required; f. Endorse for collection checks, drafts or other negotiable instrumentsinstruments received on behalf of the Account; and g. Execute and deliver, solely in its custodial capacity, certificates, documents or instruments incidental to the Custodian’s performance under this Agreement.