Common use of Delivery and Registration of the Property Clause in Contracts

Delivery and Registration of the Property. (a) The Trust will deliver or cause to be delivered to the Custodian all Property owned by it, at any time during the period of this Agreement, except for securities and monies to be delivered to any sub-custodian appointed pursuant to paragraph 12 hereof. The Custodian will not be responsible for such securities and such monies until actually received by it. All securities delivered to the Custodian or to any such sub-custodian (other than in bearer form) shall be registered in the name of the Trust or in the name of a nominee of the Trust or in the name of the Custodian or any nominee of the Custodian (with or without indication of fiduciary status) or in the name of any sub-custodian or any nominee of such sub-custodian appointed pursuant to paragraph 12 hereof or shall be properly endorsed and in form for transfer satisfactory to the Custodian.

Delivery and Registration of the Property. (a) The Trust will deliver or cause to be delivered to the Custodian all Property owned by it, at any time during the period of this Agreement, except for securities and monies to be delivered to any sub-custodian Subcustodian appointed pursuant to paragraph 12 Paragraph 11 hereof. The Custodian will not be responsible for such securities and such monies until actually received by it. All securities delivered to the Custodian or to any such sub-custodian subcustodian (other than in bearer form) shall be registered in the name of the Trust or in the name of a nominee of the Trust or in the name of the Custodian or any nominee of the Custodian (with or without indication of fiduciary status) or in the name of any sub-custodian subcustodian or any nominee of such sub-custodian subcustodian appointed pursuant to paragraph 12 Paragraph 11 hereof or shall be properly endorsed and in form for transfer satisfactory to the Custodian.