Common use of Fund Custody Accounts Clause in Contracts

Fund Custody Accounts. As to each Fund, the Custodian shall open and maintain a custody account in the name of the Trust coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Assets (including Securities that may be maintained in a Securities Depository and segregated in the Depository Account via Memo Segregation), which are delivered to it. Absent a written agreement between the Custodian and the Trust, Assets held by Custodian shall not be re- hypothecated, pledged, assigned, invested or otherwise disposed of by the Custodian and beneficial ownership shall be freely transferable without payment of money or value other than for safe custody and administration.

Fund Custody Accounts. As to each Fund, the Custodian shall open and maintain a custody account in the name of the Trust coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Assets Securities (including those Securities that which may be maintained in a Securities Depository and segregated in the Depository Account via Memo Segregation), cash and other assets of such Fund which are delivered to it. Absent a written agreement between the Custodian and the Trust, Assets securities and cash held by Custodian shall not be re- re-hypothecated, pledged, assigned, invested or otherwise disposed of by the Custodian and beneficial ownership shall be freely transferable without payment of money or value other than for safe custody and administration.