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 Subcustodian appointed pursuant to 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 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 subcustodian or any nominee of such subcustodian appointed pursuant to Paragraph 11 hereof or shall be properly endorsed and in form for transfer satisfactory to the Custodian. (b) The Custodian shall at all times hold securities of the Trust either: (i) by physical possession of the share certificates or other instruments representing such securities in registered or bearer form; or (ii) in the Book-Entry System, or (iii) in a Securities Depository or (iv) a Sub-Custodian (as herein defined) of the Custodian. (c) The Custodian shall at all times hold securities of the Trust in the name of the Custodian, the Trust or any nominee of either of them, unless otherwise directed by Proper Instructions; provided that, in any event, all securities and other assets of the Trust shall be held in an account of the Custodian containing only the securities and assets of the Trust, or only securities and assets held by the Custodian as a fiduciary or custodian for customers, and provided further, that the records of the Custodian shall indicate at all times the Trust or other customer for which such securities and other assets are held in such account and the respective interests therein.

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 Subcustodian sub-custodian appointed pursuant to Paragraph 11 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 subcustodian 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 subcustodian sub-custodian or any nominee of such subcustodian sub-custodian appointed pursuant to Paragraph 11 paragraph 12 hereof or shall be properly endorsed and in form for transfer satisfactory to the Custodian. (b) The Custodian shall at all times hold securities of the Trust either: (i) by physical possession of the share certificates or other instruments representing such securities in registered or bearer form; or (ii) in the Book-Entry System, or (iii) in a Securities Depository or (iv) a Subsub-Custodian (as herein defined) custodian of the Custodian. (c) The Custodian shall at all times hold securities of the Trust in the name of the Custodian, the Trust or any nominee of either of them, unless otherwise directed by Proper Instructions; provided that, in any event, all securities and other assets of the Trust shall be held in an account of the Custodian containing only the securities and assets of the Trust, or only securities and assets held by the Custodian as a fiduciary or custodian for customers, and provided further, that the records of the Custodian shall indicate at all times the Trust or other customer for which such securities and other assets are held in such account and the respective interests therein.

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 Subcustodian sub-custodian appointed pursuant to Paragraph 11 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 subcustodian 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 subcustodian sub-custodian or any nominee of such subcustodian sub-custodian appointed pursuant to Paragraph 11 paragraph 12 hereof or shall be properly endorsed and in form for transfer satisfactory to the Custodian. (b) The Custodian shall at all times hold securities of the Trust either: : (i) by physical possession of the share certificates or other instruments representing such securities in registered or bearer form; or or (ii) in the Book-Entry System, or or (iii) in a Securities Depository or or (iv) a Subsub-Custodian (as herein defined) custodian of the Custodian. (c) The Custodian shall at all times hold securities of the Trust in the name of the Custodian, the Trust or any nominee of either of them, unless otherwise directed by Proper Instructions; provided that, in any event, all securities and other assets of the Trust shall be held in an account of the Custodian containing only the securities and assets of the Trust, or only securities and assets held by the Custodian as a fiduciary or custodian for customers, and provided further, that the records of the Custodian shall indicate at all times the Trust or other customer for which such securities and other assets are held in such account and the respective interests therein.

Delivery and Registration of the Property. (a) The Trust Company 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 Subcustodian appointed pursuant to Paragraph 11 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 subcustodian (other than in bearer form) shall be registered in the name of the Trust Company or in the name of a nominee of the Trust Company 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 subcustodian or any nominee of such subcustodian appointed pursuant to Paragraph 11 12 hereof or shall be properly endorsed and in form for transfer satisfactory to the Custodian. (b) The Custodian shall at all times hold securities of the Trust Company either: (i) by physical possession of the share certificates or other instruments representing such securities in registered or bearer form; or (ii) in the Book-Entry System, ; or (iii) in a Securities Depository Depository; or (iv) by a Subsub-Custodian (as herein defined) custodian of the CustodianCustodian appointed in accordance with Paragraph 12 of this Agreement. (c) The Custodian shall at all times hold securities of the Trust Company in the name of the Custodian, the Trust Company or any nominee of either of them, unless otherwise directed by Proper Instructions; provided that, in any event, all securities and other assets of the Trust Company shall be held in an account of the Custodian containing only the securities and assets of the TrustCompany, or only securities and assets held by the Custodian as a fiduciary or custodian for customers, and provided further, that the records of the Custodian shall indicate at all times the Trust Company or other customer for which such securities and other assets are held in such account and the respective interests therein.