Deposits of Securities in Securities Depositories. No provision of this Agreement shall be deemed to prevent the use by Custodian of a central securities clearing agency or securities depository, provided, however, that Custodian and the central securities clearing agency or securities depository meet all applicable federal and state laws and regulations, and the Board of Directors of the Fund approves by resolution the use of such central securities clearing agency or securities depository.
Deposits of Securities in Securities Depositories. No provision of this Agreement shall be deemed to prevent the use by Custodian of a central securities clearing agency or securities depository, provided, however, that Custodian and the central securities clearing agency or securities depository comply with all applicable federal and state laws and regulations, and the Board of Trustees of the Trust approves by resolution the use of such central securities clearing agency or securities depository.
Deposits of Securities in Securities Depositories. Custodian may deposit and/or maintain securities owned by the Funds in a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, each of which is referred to herein as "a Securities System," in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
Deposits of Securities in Securities Depositories. Custodian may deposit and/or maintain securities owned by the Funds in a clearing agency registered with the Securities and Exchange Commission under Section 17A of the system authorized by the U.S. Department of the Treasury and certain federal agencies, each of which is referred to herein as "a Securities System," in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
Deposits of Securities in Securities Depositories. The Custodian may deposit all or any part of the securities owned by the Fund in a (1) clearing agency registered with the Securities Exchange Commission under Section 17A of the Securities Exchange Act of 1934 (clearing agency), which acts as a securities depository, and/or (2) the book-entry system as provided in Subpart O of Treasury Circular Xx. 000, XXX 000, Xxxxxxx X of 31 CFR Part 350, and the book-entry regulations of federal agencies substantially in the form of Subpart O. For the purposes herein, a "securities depository" is a system for the central handling of securities where all securities of any particular class or series of any issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the securities. Any deposits made by the Custodian of the Fund's securities in a clearing agency which acts as a securities' depository or the book-entry system, or both shall be under an arrangement that contains the following elements:
Deposits of Securities in Securities Depositories. No provision of this Agreement shall be deemed to prevent the use by Custodian of a central securities clearing agency or securities depository, provided, however, that Custodian and the central securities clearing agency or securities depository meet all applicable federal and state laws and regulations, and the Board of Directors of each Company approves by resolution the use of such central securities clearing agency or securities depository. Custodian may deposit and/or maintain domestic securities owned by any Fund in a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Exchange Act, which acts as a securities depository, or in a Federal Reserve Bank, as Custodian may select, and to permit such deposited Assets to be registered in the name of Custodian or Custodian's agent or nominee on the records of such Federal Reserve Bank or such registered clearing agency or the nominee of either (collectively referred to herein as "Securities System") in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
Deposits of Securities in Securities Depositories. Pursuant to Rule 17f-4 promulgated under the Investment Company Act of 1940, the Federal Reserve Treasury Book Entry System is hereby designated as a permitted depository for United States Government securities owned by the Trust and that the Custodian for the Trust is hereby authorized to establish safekeeping accounts under the Book Entry System at Custodian and at such other institutions properly qualified to hold securities under the Book Entry System as they may, from time to time, deem appropriate; Further, pursuant to Rule 17f-4 promulgated under the Investment Company Act of 1940, the Depository Trust Company is hereby designated as a permitted depository for securities owned by the Trust and that the Custodian for the Trust is hereby authorized to establish safekeeping accounts with Depository Trust Company at the Custodian and at such other institutions properly qualified to participate in the Depository Trust Company system as the may, from time to time, deem appropriate; No provision of this Agreement shall be deemed to prevent the use by Custodian of a central securities clearing agency or securities depository, provided, however, that Custodian and the central securities clearing agency or securities depository meet all applicable federal and state laws and regulations, and the Board of Trustees of the Trust approves by resolution the use of such central securities clearing agency or securities depository.
Deposits of Securities in Securities Depositories. Custodian may deposit and/or maintain domestic securities owned by any Fund in a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Exchange Act, which acts as a securities depository, or in a Federal Reserve Bank, as Custodian may select, and to permit such deposited Assets to be registered in the name of Custodian or Custodian's agent or nominee on the records of such Federal Reserve Bank or such registered clearing agency or the nominee of either (collectively referred to herein as "Securities System") in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
Deposits of Securities in Securities Depositories. No provision of this Agreement shall be deemed to prevent the use by Custodian of a central securities clearing agency or securities depository, provided, however, that Custodian and the central securities clearing agency or securities depository meet all applicable federal and state laws and regulations, and the Board of Trustees of the Company approves by resolution the use of such central securities clearing agency or securities depository. With respect to securities of the Fund which are maintained in any such clearing agency or securities depository, the records of the Custodian shall identify by book entry or otherwise those securities belonging to the Fund. Any securities deposited with any such clearing agency or securities depository shall at all times be segregated from any assets controlled by the Custodian in other than a fiduciary or custodian capacity. All books and records maintained by the Custodian which relate to the Fund's participation in any such clearing agency or securities depository shall at all times during regular business hours be open to the inspection of authorized persons of the Company, including without limitation its independent public accountants.
Deposits of Securities in Securities Depositories. Subject to and in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, Custodian may deposit all or any part of the securities owned by the Fund in (1) a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 ("clearing agency") which acts as a securities depository, and/or (2) the book-entry system as provided in Subpart O of Treasury Circular No. 000, 00 X.X.X. 000, Xxxxxxx X xx 31 C.F.R. Part 350, and the book-entry regulations of federal agencies substantially in the form of Subpart O. For the purpose herein, a "securities depository" is a system for the central handling of securities where all securities of any particular class or series of any issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the securities. Any deposits made by Custodian of the Trust's Securities in a clearing agency which acts as a securities depository or the book-entry system, or both, shall be under an arrangement that contains the following elements:
