Common use of Duties and Services of Custodian Clause in Contracts

Duties and Services of Custodian. (i) Custodian agrees that it is acting as a securities intermediary as defined in Section 8-102 of the UCC and as an intermediary as defined in the Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary, July 5, 2006, 17 U.S.T. 401, 46 I.L.M. 649 (entered into force April 1, 2017) with respect to the establishment and maintenance of the Collateral Accounts and any financial assets credited thereto, except Identified Securities (as defined below). The Custodian agrees, with respect to any associated deposit account, that it is acting as a “bank” as such term is used in Section 9-102 of the UCC.

Duties and Services of Custodian. (i) Custodian agrees that it is acting as a securities intermediary as defined in Section 8-102 of the UCC and as an intermediary as defined in the Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary, July 5, 2006, 17 U.S.T. 401, 46 I.L.M. 649 (entered into force April 1, 2017) with respect to the establishment and maintenance of the Collateral Accounts Account and any financial assets credited thereto, except Identified Securities (as defined below). The Custodian agrees, with respect to any associated deposit account, that it is acting as a “bank” as such term is used in Section 9-102 of the UCC.

Duties and Services of Custodian. (i) Custodian agrees that it is acting as a securities intermediary as defined in Section 8-8- 102 of the UCC and as an intermediary as defined in the Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary, July 5, 2006, 17 U.S.T. 401, 46 I.L.M. 649 (entered into force April 1, 2017) with respect to the establishment and maintenance of the Collateral Accounts and any financial assets credited thereto, except Identified Securities (as defined below). The Custodian agrees, with respect to any associated deposit account, that it is acting as a “bank” as such term is used in Section 9-102 of the UCC.