Common use of Holding of Securities, Nominees, etc Clause in Contracts

Holding of Securities, Nominees, etc. Securities in an Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an the Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the Customer, on behalf of a Portfolio, Customer or in bearer form or maintained in the Custodian's or Subcustodian's name, or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an the Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security Security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which that are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it Custodian or Subcustodian as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an the Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, Customer in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with in the Subcustodian or the Securities System in an account for the CustodianCustomer's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an the Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which that are held maintained by the Custodian Bank or any Subcustodian may be held directly by such entity in the name of the CustomerForum or in bearer form or maintained, on behalf of a Portfolio, in the CustodianBank's or Subcustodian's name, name or in the name of the CustodianBank's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customersForum, unless prohibited by law, rule, or regulation. The Custodian Bank or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it Bank or Subcustodian as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian Bank or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian Bank may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian Bank deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a the appropriate Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's, Subcustodian's or SubcustodianSecurities System's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an the Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with in the Subcustodian or the Securities System in an account for the CustodianCustomer's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the Customer, Customer or in bearer form or maintained on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The So long as and to the extent that Rule 17f-5 shall permit, the Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitableequitable and shall provide Customer prompt notice of any such action.

Holding of Securities, Nominees, etc. Securities in an the Account which are held by the Custodian or any Subcustodian subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's its own name, in the name of the Custodian's or Subcustodian's nominee, its nominee or in bearer form. Securities that which are held by with a Subcustodian subcustodian or which are eligible for deposit in a Securities System securities depository as provided above may be maintained with the Subcustodian subcustodian or depository, as the Securities System case may be, in an account for the Custodian's or Subcustodiansubcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodiansubcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian one of its subcustodians and registered in the name of such Subcustodian subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System securities depository in which such Securities have been deposited, allot, or cause to be allotted, the called portion of to the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which that are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a PortfolioFund, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it Custodian or Subcustodian as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's ’s or Subcustodian's name, ’s name or in the name of the Custodian's ’s or Subcustodian's ’s nominee, or in bearer form. Securities that are held by maintained through a Subcustodian may be maintained with the Subcustodian or non-U.S. Securities System, and Securities which are eligible for deposit in a U. S. Securities System as provided above may shall be maintained with the Subcustodian or the U. S. Securities System in an account for the Custodian's ’s or Subcustodian's ’s customers, unless prohibited by law, rule, regulation or regulationif local market practice provides otherwise. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee for the account of Customer and/or other beneficial owners, whether in physical or book entry form, are called for partial redemption by the issuer of such Security, the Custodian or the Subcustodian may, subject to local market practice and the rules or regulations pertaining to allocation of any Securities System in which such Securities may have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian or Subcustodian deems to be fair and equitableequitable with prior notice to Customer. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants. Notwithstanding anything herein to the contrary, the Custodian agrees that it will at all times be bound by the Instructions and Entitlement Orders (as defined in the UCC) from the Customer and shall not permit, honor or act upon any prior, equal or contemporaneous claim to or instructions or orders of any kind with respect to the Property by or from any other person, entity, association, etc., and shall keep all Property deposited and maintained with the Custodian at all times free from all security interests, charges, claims, mortgages, pledges or other liens, restrictions or encumbrances other than those arising in connection with the settlement of transactions pursuant to this Agreement and other charges and payments to Custodian as permitted by this Agreement.

Holding of Securities, Nominees, etc. Securities in an Account which that are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a the Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it Custodian or Subcustodian as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held by the Custodian or any Subcustodian subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's its own name, in the name of the Custodian's or Subcustodian's nominee, its nominee or in bearer form. Securities that which are held by with a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or Securities System, as the Securities System case may be, in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian one of its Subcustodians and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of to the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which that are held maintained by the Custodian Forum or any Subcustodian may be held directly by such entity in the name of the CustomerTrust or in bearer form or maintained, on behalf of a Portfolio, in the CustodianForum's or Subcustodian's name, name or in the name of the CustodianForum's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the CustodianForum's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian Forum or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it Forum or Subcustodian as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian Forum or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian Forum may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian Forum deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian may be maintained with the Subcustodian or non-U.S. Securities System, and Securities which are eligible for deposit in a U.S. Securities System as provided above may shall be maintained with the Subcustodian or the U.S. Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, regulation or regulationlocal market practice provides otherwise. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee for the account of Customer and/or other beneficial owners, whether in physical or book entry form, are called for partial redemption by the issuer of such Security, the Custodian or the Subcustodian may, subject to local market practice and the rules or regulations pertaining to allocation of any Securities System in which such Securities may have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian or Subcustodian deems to be fair and equitableequitable with prior notice to Customer. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants. Notwithstanding anything herein to the contrary, the Custodian agrees that it will at all times be bound by the Instructions and "entitlement orders" (as defined in Section 8-102(a)(8) of the UCC) from the Customer and shall not permit, honor or act upon any prior, equal or contemporaneous claim to or instructions or orders of any kind with respect to the Property by or from any other person, entity, association, etc., and shall keep all Property deposited and maintained with the Custodian at all times free from all security interests, charges, claims, mortgages, pledges or other liens, restrictions or encumbrances other than those arising in connection with the settlement of transactions pursuant to this Agreement and other charges and payments to Custodian as permitted by this Agreement.

Holding of Securities, Nominees, etc. Securities in an Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a PortfolioFund, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an the Account which are held by the Custodian or any Subcustodian subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's its own name, in the name of the Custodian's or Subcustodian's nominee, its nominee or in bearer form. Securities that which are held by a Subcustodian subcustodian or which are eligible for deposit in a Securities System securities depository as provided above may be maintained with the Subcustodian or the Securities System depository in an account for the Custodian's or Subcustodiansubcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodiansubcustodian, as the case may be, may combine certificates representing Securities held in an the Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian one of its subcustodians and registered in the name of such Subcustodian subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System securities depository in which such Securities have been deposited, allot, or cause to be allotted, the called portion of to the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, regulation or regulationlocal market practice provides otherwise. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee nominee, whether in physical or book entry form, are called for partial redemption by the issuer of such Security, the Custodian or the Subcustodian may, subject to local market practice and the rules or regulations pertaining to allocation of any Securities System in which such Securities may have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian or Subcustodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which that are held maintained by the Custodian Bank or any Subcustodian may be held directly by such entity in the name of the CustomerForum or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the CustodianBank's or Subcustodian's customersForums, unless prohibited by law, rule, or regulation. The Custodian Bank or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it Custodian or Subcustodian as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian Bank or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian Bank may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian Bank deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which that are held maintained by the Custodian Bank or any Subcustodian may be held directly by such entity in the name of the CustomerForum or in bearer form or maintained, on behalf of a Portfolio, in the CustodianBank's or Subcustodian's name, name or in the name of the CustodianBank's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customersForum, unless prohibited by law, rule, or regulation. The Custodian Bank or Subcustodian, as the case may be, may combine certificates representing Securities securities held in an Account with certificates of the same issue held by it Bank or Subcustodian as fiduciary or as a custodian. In the event that any Securities securities in the name of the Custodian Bank or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian Bank may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian Bank deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants. Securities held in the name of Forum shall indicate that they are held by Forum "as custodian" and not in its individual capacity.

Holding of Securities, Nominees, etc. Securities in an the Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the Customer, on behalf of a Portfolio, Customer or in bearer form or maintained in the Custodian's or Subcustodian's name, or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an the Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security Security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants. 10. Proxies, etc. With respect to any proxies, notices, reports or other communications relative to any of the Securities in the Account, the Custodian shall perform such services and only such services relative thereto as are (i) set forth in Section 3 of this Agreement, (ii) described in Exhibit A attached hereto (as such service therein described may be in effect from time to time) (the "Proxy Service") or (iii) as may otherwise be agreed upon between the Custodian and the Customer. The liability and responsibility of the Custodian in connection with the Proxy Service referred to in (ii) of the immediately preceding sentence and in connection with any additional services which the Custodian and the Customer may agree upon as provided in (iii) of the immediately preceding sentence shall be as set forth in the description of the Proxy Service and as may be agreed upon by the Custodian and the Customer in connection with the furnishing of any such additional service and shall not be affected by any other term of this Agreement. Neither the Custodian nor its nominees or agents shall vote upon or in respect of any of the Securities in the Account, execute any form of proxy to vote thereon, or give any consent or take any action (except as provided in Section 3) with respect thereto except upon the receipt of Instructions relative thereto. 11.

Holding of Securities, Nominees, etc. Securities in an the Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an the Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which are whichare held by the Custodian or any Subcustodian may be held by such entity in entityin the name of the CustomerTrust, on behalf of a Portfolio, in the Custodian's or SubcustodianorSubcustodian's name, in the name of the Custodian's or Subcustodian's nomineeSubcustodian'snominee, or in bearer form. Securities that are held by a Subcustodian or which orwhich are eligible for deposit in a Securities System as provided above may abovemay be maintained with the Subcustodian or the Securities System in an account anaccount for the Custodian's or Subcustodian's customers, unless prohibited by prohibitedby law, rule, or regulation. The Custodian or Subcustodian, as the case may casemay be, may combine certificates representing Securities held in an Account anAccount with certificates of the same issue held by it as fiduciary or as a asa custodian. In the event that any Securities in the name of the Custodian theCustodian or its nominee or held by a Subcustodian and registered in the name thename of such Subcustodian or its nominee are called for partial redemption by redemptionby the issuer of such Security, the Custodian may, subject to the rules or regulations orregulations pertaining to allocation of any Securities System securities depository in which such whichsuch Securities have been deposited, allot, or cause to be allotted, the called thecalled portion of the respective beneficial holders of such class of security ofsecurity in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which that are held maintained by the Custodian Forum or any Subcustodian may be held directly by such entity in the name of the CustomerTrust or in bearer form or maintained, on behalf of a Portfolio, in the CustodianForum's or Subcustodian's name, name or in the name of the CustodianForum's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the CustodianForum's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian Forum or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it Forum or Subcustodian as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian Forum or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian Forum may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian Forum deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an the Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an the Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, allot or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the ---------------------------------------- Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian may be maintained with the Subcustodian or non-U.S. Securities System, and Securities which are eligible for deposit in a U. S. Securities System as provided above may shall be maintained with the Subcustodian or the U. S. Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, regulation or regulationlocal market practice provides otherwise. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee for the account of Customer and/or other beneficial owners, whether in physical or book entry form, are called for partial redemption by the issuer of such Security, the Custodian or the Subcustodian may, subject to local market practice and the rules or regulations pertaining to allocation of any Securities System in which such Securities may have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian or Subcustodian deems to be fair and equitableequitable with prior notice to Customer. . Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants. Notwithstanding anything herein to the contrary, the Custodian agrees that it will at all times be bound by the Instructions and Entitlement Orders from the Customer and shall not permit, honor or act upon any prior, equal or contemporaneous claim to or instructions or orders of any kind with respect to the Property by or from any other person, entity, association, etc., and shall keep all Property deposited and maintained with the Custodian at all times free from all security interests, charges, claims, mortgages, pledges or other liens, restrictions or encumbrances other than those arising in connection with the settlement of transactions pursuant to this Agreement and other charges and payments to Custodian as permitted by this Agreement.

Holding of Securities, Nominees, etc. Securities in an the Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an the Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of by any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may shall be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the Customer, on behalf of a Portfolio, Customer or in bearer form or maintained in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held hold by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of or such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, allot or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian may be maintained with the Subcustodian or non-U.S. Securities System, and Securities which are eligible for deposit in a U. S. Securities System as provided above may shall be maintained with the Subcustodian or the U. S. Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, regulation or regulationlocal market practice provides otherwise. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee for the account of Customer and/or other beneficial owners, whether in physical or book entry form, are called for partial redemption by the issuer of such Security, the Custodian or the Subcustodian may, subject to local market practice and the rules or regulations pertaining to allocation of any Securities System in which such Securities may have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian or Subcustodian deems to be fair and equitableequitable with prior notice to Customer. . Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants. Notwithstanding anything herein to the contrary, the Custodian agrees that it will at all times be bound by the Instructions and Entitlement Orders from the Customer and shall not permit, honor or act upon any prior, equal or contemporaneous claim to or instructions or orders of any kind with respect to the Property by or from any other person, entity, association, etc., and shall keep all Property deposited and maintained with the Custodian at all times free from all security interests, charges, claims, mortgages, pledges or other liens, restrictions or encumbrances other than those arising in connection with the settlement of transactions pursuant to this Agreement and other charges and payments to Custodian as permitted by this Agreement.

Holding of Securities, Nominees, etc. Securities in an the Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's own name, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that which are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an the Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian one of its Subcustodians and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the tot he rules or regulations pertaining to allocation of any Securities System securities depository in which such Securities have been deposited, allot, or cause to be allotted, the called portion of to the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the CustomerCustomer or in bearer form or maintained, on behalf of a Portfolio, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. , provided that such certificates shall at all times be segregated from the assets of the Custodian.. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held maintained by the Custodian or any Subcustodian may be held directly by such entity in the name of the Customer, on behalf of a PortfolioCustomer or in bearer form or maintained, in the Custodian's or Subcustodian's name, name or in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by maintained through a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, regulation or regulationlocal market practice provides otherwise. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee nominee, whether in physical or book entry form, are called for partial redemption by the issuer of such Security, the Custodian or the Subcustodian may, subject to local market practice and the rules or regulations pertaining to allocation of any Securities System in which such Securities may have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian or Subcustodian deems to be fair and equitable. Securities maintained with a Securities System shall be maintained subject to the rules of that Securities System governing the rights and obligations among the Securities System and its participants.

Holding of Securities, Nominees, etc. Securities in an Account which are held by the Custodian or any Subcustodian may be held by such entity in the name of the Customer, on behalf of a Portfolio, in the Custodian's or Subcustodian's namenames, in the name of the Custodian's or Subcustodian's nominee, or in bearer form. Securities that are held by a Subcustodian or which are eligible for deposit in a Securities System as provided above may be maintained with the Subcustodian or the Securities System in an account for the Custodian's or Subcustodian's customers, unless prohibited by law, rule, or regulation. The Custodian or Subcustodian, as the case may be, may combine certificates representing Securities held in an Account with certificates of the same issue held by it as fiduciary or as a custodian. In the event that any Securities in the name of the Custodian or its nominee or held by a Subcustodian and registered in the name of such Subcustodian or its nominee are called for partial redemption by the issuer of such Security, the Custodian may, subject to the rules or regulations pertaining to allocation of any Securities System in which such Securities have been deposited, allot, or cause to be allotted, the called portion of the respective beneficial holders of such class of security in any manner the Custodian deems to be fair and equitable.