Holding of Securities. Custodian shall hold all securities received by it for the account of the Fund, pursuant to the provisions hereof, in accordance with the provisions of Section 17(f) of the Investment Company Act of 1940 and the regulations thereunder. All such securities are to be held or disposed of by the Custodian for, and subject at all times to the proper instructions of, the Fund, pursuant to the terms of this Agreement. The Custodian shall have no power of authority to assign, hypothecate, pledge or otherwise dispose of any such securities and investments, except pursuant to the proper instructions of the Fund and only for the account of the Fund as set forth in Sec. 5 of this Agreement.
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Samples: Custodian Agreement (Franklin Tax Advantaged U S Government Securities Fund), Agreement (Franklin Tax Exempt Money Fund), Agreement (Franklin Government Securities Trust)
Holding of Securities. Custodian shall hold all securities received by it for the account of the FundFunds, pursuant to the provisions hereof, in accordance with the provisions of Section 17(f) of the Investment Company Act of 1940 and the regulations thereunder. All such securities are to be held or disposed of by the Custodian for, and subject at all times to the proper instructions of, the FundTrust, pursuant to the terms of this Agreement. The Custodian shall have no power of authority to assign, hypothecate, pledge or otherwise dispose of any such securities and investments, except pursuant to the proper instructions of the Fund Trust and only for the account of the Fund Funds as set forth in Sec. 5 of this Agreement.
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