Common use of Custody Receipts Clause in Contracts

Custody Receipts. The Custodian shall issue the initial Custody Receipts in the form of one Custody Receipt to the Depository, who shall hold such certificate for the beneficial owners of the Preferred Stock until such time as the Fund determines that such beneficial owners should receive certificated Custody Receipts in which event the Custodian shall issue, transfer and exchange Custody Receipts as required in appropriate amounts as indicated by the Depository, each such Custody Receipt to evidence beneficial ownership by the Owner named therein of the Preferred Stock represented thereby (as set forth in the Custody Receipt Register) and the rights relating to such Custody Receipt under this Custody Agreement and the Surety Bond. Custody Receipts shall be substantially in the form set forth in Exhibit 1 hereto and shall be assigned consecutive registration numbers from CR-1. Each Custody Receipt shall be executed by the Custodian by the manual signature of an Authorized Officer and no Custody Receipt shall be entitled to any benefits under this Custody Agreement, or be valid or obligatory for any purpose, unless so executed by the Custodian. In case any Authorized Officer whose signature shall appear on any Custody Receipt shall cease to be an Authorized Officer, such signature shall nevertheless be valid and sufficient for all purposes as if such person had remained in office. The Custody Receipts shall not evidence any financial obligation of the Custodian except that the Custodian shall be required, as provided in Section 3.01 hereof, to apply all payments received in respect of the Preferred Stock deposited hereunder to the Custody Receipts evidencing ownership of such Preferred Stock without making any deduction whatsoever, other than as explicitly provided in this Custody Agreement.

Custody Receipts. The Note Custodian shall issue the initial Series [ ] Custody Receipts in the form Authorized Denominations as hereinafter provided, composed of one Custody Receipt to the Depository, who shall hold such certificate for the beneficial owners of the Preferred Stock until such time as the Fund determines that such beneficial owners should receive certificated Class [A] Custody Receipts in which event the Custodian shall issue, transfer and exchange Class [A-IO] Custody Receipts as required evidencing a beneficial ownership interest in appropriate amounts as indicated by the Depository, each related Underlying Securities for such Custody Receipt to evidence beneficial ownership by the Owner named therein of the Preferred Stock represented thereby Receipts (as set forth in such Custody Receipt and in the Custody Receipt Register) on the terms and conditions set forth herein and in the rights relating to such Custody Receipt under this Custody Agreement and the Surety Bondrelated Schedule of Terms. Class [A] Custody Receipts shall be substantially in the form set forth in Exhibit 1 hereto hereto, and shall be assigned consecutive registration numbers from CR-1numbers. The Class [A-IO] Custody Receipts shall be substantially in the form set forth in Exhibit 2 hereto, and shall be assigned consecutive registration numbers. Each Custody Receipt shall be executed by the Note Custodian by the manual signature of an Authorized Officer and no Custody Receipt shall be entitled to any benefits under this Custody Agreement, or be valid or obligatory for any purpose, unless so executed by the Note Custodian. In case any Authorized Officer whose signature shall appear on any Custody Receipt shall cease to be an Authorized Officer, such signature shall nevertheless be valid and sufficient for all purposes as if such person had remained in office. The Custody Receipts shall not evidence any financial obligation of the Depositor or the Note Custodian except that the Note Custodian shall be required, as provided in Section 3.01 hereof, to apply distribute in the amount specified in the related Schedule of Terms all payments received in respect of the Preferred Stock related Underlying Securities deposited hereunder to the Custody Receipts evidencing ownership of such Preferred Stock Underlying Securities without making any deduction whatsoever, other than as explicitly expressly provided in this Custody Agreement.

Custody Receipts. The Note Custodian shall issue the initial one or ---------------- more Series of Custody Receipts in the form of one Custody Receipt Authorized Denominations from time to the Depository, who shall hold such certificate for the beneficial owners of the Preferred Stock until such time as the Fund determines that such beneficial owners should receive certificated Custody Receipts in which event the Custodian shall issue, transfer and exchange Custody Receipts as required in appropriate amounts as indicated by the Depositoryhereinafter provided, each such Series to be composed of Class A Custody Receipt to evidence Receipts and Class A-IO Custody Receipts evidencing a beneficial ownership by interest in the Owner named therein of the Preferred Stock represented thereby related Underlying Securities for such Custody Receipts (as set forth in such Custody Receipt and in the related Custody Receipt Register) on the terms and conditions set forth herein and in the rights relating to such Custody Receipt under this Custody Agreement and the Surety Bondrelated Terms Agreement. Class A Custody Receipts shall be substantially in the form set forth in Exhibit 1 hereto, unless otherwise agreed to by the parties hereto in connection with a particular Series of Custody Receipts, in which case they shall be substantially in the form set forth in Schedule A to the related Terms Agreement, and shall be assigned consecutive registration numbers from CR-1numbers. The Class A-IO Custody Receipts shall be substantially in the form set forth in Exhibit 2 hereto unless otherwise agreed to by the parties hereto in connection with a particular Series of Custody Receipts, in which case they shall be substantially in the form set forth in Exhibit B to the related Terms Agreement, and shall be assigned consecutive registration numbers. Each Custody Receipt shall be executed by the Note Custodian by the manual signature of an Authorized Officer and no Custody Receipt shall be entitled to any benefits under this Custody Custodial Agreement, or be valid or obligatory for any purpose, unless so executed by the Note Custodian. In case any Authorized Officer whose signature shall appear on any Custody Receipt shall cease to be an Authorized Officer, such signature shall nevertheless be valid and sufficient for all purposes as if such person had remained in office. The Custody Receipts shall not evidence any financial obligation of the Depositor or the Note Custodian except that the Note Custodian shall be required, as provided in Section 3.01 hereof, to apply distribute in the amount specified in the related Terms Agreement all payments received in respect of the Preferred Stock related Underlying Securities deposited hereunder to the Custody Receipts evidencing ownership of such Preferred Stock Underlying Securities without making any deduction whatsoever, other than as explicitly expressly provided in this Custody Custodial Agreement.