Common use of Disposition of Cancelled Certificates; Record Retention Clause in Contracts

Disposition of Cancelled Certificates; Record Retention. The Paying Agent shall retain share certificates which have been cancelled in transfer or in exchange and accompanying documentation in accordance with applicable rules and regulations of the Securities and Exchange Commission for two calendar years from the date of such cancellation. The Paying Agent shall, upon written request from the Trust, afford to the Trust, its agents and counsel access at reasonable times during normal business hours to review and make extracts or copies (at the Trust's sole cost and expense) of such certificates and accompanying documentation. Upon request by the Trust at any time after the expiration of this two-year period, the Paying Agent shall deliver to the Trust the cancelled certificates and accompanying documentation. The Trust shall, at its expense, retain such records for a minimum additional period of four calendar years from the date of delivery of the records to the Trust and shall make such records available during this period at any time, or from time to time, for reasonable periodic, special, or other examinations by representatives of the Securities and Exchange Commission. The Trust shall also undertake to furnish to the Securities and Exchange commission, upon demand, at either the principal office or at any regional office, complete, correct and current hard copies of any and all such records. Thereafter such records shall not be destroyed by the Trust without the approval of the Paying Agent, which shall not be unreasonably withheld, but will be safely stored for possible future reference.

Disposition of Cancelled Certificates; Record Retention. The Paying Agent shall retain share stock certificates which have been cancelled in transfer or in exchange and accompanying documentation in accordance with applicable rules and regulations of the Securities and Exchange Commission for two calendar years from the date of such cancellation. The Paying Agent shall, upon written request from the TrustCompany, afford to the TrustCompany, its agents and counsel access at reasonable times during normal business hours to review and make extracts or copies (at the TrustCompany's sole cost and expense) of such certificates and accompanying documentation. Upon request by the Trust Company at any time after the expiration of this two-year period, the Paying Agent shall deliver to the Trust Company the cancelled certificates and accompanying documentation. The Trust Company shall, at its expense, retain such records for a minimum additional period of four calendar years from the date of delivery of the records to the Trust Company and shall make such records available during this period at any time, or from time to time, for reasonable periodic, special, or other examinations by representatives of the Securities and Exchange Commission. The Trust Company shall also undertake to furnish to the Securities and Exchange commissionCommission, upon demand, at either the principal office or at any regional office, complete, correct and current hard copies of any and all such records. Thereafter such records shall not be destroyed by the Trust Company without the approval of the Paying Agent, which shall not be unreasonably withheld, but will be safely stored for possible future reference.

Disposition of Cancelled Certificates; Record Retention. The Paying Agent shall retain share stock certificates which have been cancelled in transfer or in exchange and accompanying documentation in accordance with applicable rules and regulations of the Securities and Exchange Commission for two calendar years from the date of such cancellation. The Paying Agent shall, upon written request from the TrustCompany, afford to the TrustCompany, its agents and counsel access at reasonable times during normal business hours to review and make extracts or copies (at the Trust's Company’s sole cost and expense) of such certificates and accompanying documentation. Upon request by the Trust Company at any time after the expiration of this two-year period, the Paying Agent shall deliver to the Trust Company the cancelled certificates and accompanying documentation. The Trust Company shall, at its expense, retain such records for a minimum additional period of four calendar years from the date of delivery of the records to the Trust Company and shall make such records available during this period at any time, or from time to time, for reasonable periodic, special, or other examinations by representatives of the Securities and Exchange Commission. The Trust Company shall also undertake to furnish to the Securities and Exchange commissionCommission, upon demand, at either the principal office or at any regional office, complete, correct and current hard copies of any and all such records. Thereafter such records shall not be destroyed by the Trust Company without the approval of the Paying Agent, which shall not be unreasonably withheld, but will be safely stored for possible future reference.