Delivery of Property. The Company has heretofore delivered, will deliver or will cause to be delivered, Property to the Custody Account with the Bank, which Property the Bank agrees to safekeep as custodian for the Company. The Bank shall not be responsible for any Property of the Company which is not delivered to the Bank. All Securities (other than bearer securities) delivered to the Bank will be registered in the name of any person specified in Section 3(b) hereof or properly endorsed in a form for transfer satisfactory to the Bank.
Appears in 12 contracts
Samples: Custody Agreement (Princor High Yield Fund Inc), Custody Agreement (Princor Tax Exempt Cash Management Fund Inc), Custody Agreement (Princor Utilities Fund Inc)
