Common use of Delivery of Assets Clause in Contracts

Delivery of Assets. All Fund's securities and monies, except as permitted by the Investment Company Act of 1940 ("1940 Act"), will be delivered either to Custodian or to The Chase Manhattan Bank, N.A., pursuant to a separate custody agreement. Fund will deliver or cause to be delivered to Custodian on the effective date of this Agreement, or as soon thereafter as practicable, and from time to time thereafter, portfolio securities acquired by it and monies then owned by it except as permitted by the 1940 Act or from time to time coming into its possession during the time this Agreement shall continue in effect. Custodian shall have no responsibility or liability whatsoever for or on account of securities or monies not so delivered. All securities so delivered to Custodian (other than bearer securities) shall be registered in the name of Fund or its nominee, or of a nominee of Custodian, or shall be properly endorsed and in form for transfer satisfactory to Custodian.

Delivery of Assets. All Fund's securities and monies, except as permitted by the Investment Company Act of 1940 ("1940 Act"), will be delivered either to Custodian or to The Chase Manhattan Bank, N.A., pursuant to a separate custody agreement. Fund will deliver or cause to be delivered to Custodian on the effective date of this Agreement, or as soon thereafter as practicable, and from time to time thereafter, portfolio securities acquired by it and monies then owned by it except as permitted by the 1940 Act or from time to time coming into its possession during the time this Agreement shall continue in effect. Custodian shall have no responsibility or liability whatsoever for or on account of securities or monies not so delivered. All securities so delivered to Custodian (other than bearer securities) shall be registered in the name of Fund or its nominee, or of a nominee of Custodian, or shall be properly endorsed and in form for transfer satisfactory to Custodian.