Common use of Income Collection; Autocredit Clause in Contracts

Income Collection; Autocredit. (a) X.X. Xxxxxx will monitor information publicly available in the applicable market about forthcoming income payments on the Financial Assets held in the Securities Account, and will promptly notify the Customer of such information. (b) Except in cases where X.X. Xxxxxx agrees to offer the AutoCredit service described in paragraph (c) of this Section 2.6, X.X. Xxxxxx shall not be required to credit income on Financial Assets, net of any taxes withheld by X.X. Xxxxxx or any third party, prior to actual receipt and reconciliation by X.X. Xxxxxx. (c) In cases where X.X. Xxxxxx agrees to provide the following service, X.X. Xxxxxx will credit the Cash Account with the anticipated income proceeds on Financial Assets on the anticipated payment date, net of any taxes that are withheld by X.X. Xxxxxx or any third party (such service hereinafter defined as “AutoCredit”) for those Financial Assets and/or markets for which X.X. Xxxxxx customarily offers an AutoCredit service. X.X. Xxxxxx may reverse AutoCredit credits upon notice to the Customer if X.X. Xxxxxx believes that the corresponding payment will not be received by X.X. Xxxxxx within a reasonable period of time or the credit was incorrect. X.X. Xxxxxx will make available on its website a list of the markets for which it provides AutoCredit. X.X. Xxxxxx may add markets to or remove markets from the AutoCredit service upon notice to the Customer that is reasonable in the circumstances. Additionally, X.X. Xxxxxx reserves the right to restrict in good faith the availability of AutoCredit for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall. (d) X.X. Xxxxxx will use reasonable efforts to contact appropriate parties to collect unpaid interest, dividends or redemption proceeds and notify the Customer of the late payment; however, neither X.X. Xxxxxx nor its Subcustodians will be obliged to institute legal proceedings, file a proof of claim in any insolvency proceeding or take any similar action.

Income Collection; Autocredit. (a) X.X. J.X. Xxxxxx will monitor information publicly available in the applicable market about forthcoming income payments on the Financial Assets held in the Securities Account, and will promptly notify the Customer of such information. (b) Except in cases where X.X. J.X. Xxxxxx agrees to offer the AutoCredit service described in paragraph (c) of this Section 2.6, X.X. J.X. Xxxxxx shall not be required to credit income on Financial Assets, net of any taxes withheld by X.X. J.X. Xxxxxx or any third party, prior to actual receipt and reconciliation by X.X. J.X. Xxxxxx. (c) In cases where X.X. J.X. Xxxxxx agrees to provide the following service, X.X. J.X. Xxxxxx will credit the Cash Account with the anticipated income proceeds on Financial Assets on the anticipated payment date, net of any taxes that are withheld by X.X. J.X. Xxxxxx or any third party (such service hereinafter defined as “AutoCredit”) for those Financial Assets and/or markets for which X.X. J.X. Xxxxxx customarily offers an AutoCredit service. X.X. J.X. Xxxxxx may reverse AutoCredit credits upon notice to the Customer if X.X. J.X. Xxxxxx believes that the corresponding payment will not be received by X.X. J.X. Xxxxxx within a reasonable period of time or the credit Global Custody Agreement - New York - General February 2018 version was incorrect. X.X. J.X. Xxxxxx will make available on its website as contemplated by Section 3.5(a) (Electronic Access) a list of the markets for which it provides AutoCredit. X.X. J.X. Xxxxxx may add markets to or remove markets from the AutoCredit service upon notice to the Customer that is reasonable in the circumstances. Additionally, X.X. J.X. Xxxxxx reserves the right to restrict in good faith the availability of AutoCredit for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall. (d) X.X. J.X. Xxxxxx will use reasonable efforts to contact appropriate parties to collect unpaid interest, dividends or redemption proceeds and notify the Customer of the late payment; however, neither X.X. J.X. Xxxxxx nor its Subcustodians will be obliged to institute legal proceedings, file a proof of claim in any insolvency proceeding or take any similar action.

Income Collection; Autocredit. (a) X.X. Xxxxxx will monitor information publicly available in the applicable market about forthcoming income payments on the Financial Assets held in the Securities Account, and will promptly notify the Customer of such information. (b) Except in cases where X.X. Xxxxxx agrees to offer the AutoCredit service described in paragraph (c) of this Section 2.6, X.X. Xxxxxx shall not be required to credit income on Financial Assets, net of any taxes withheld by X.X. Xxxxxx or any third party, prior to actual receipt and reconciliation by X.X. Xxxxxx. (c) In cases where X.X. Xxxxxx agrees to provide the following service, X.X. Xxxxxx will credit the Cash Account with the anticipated income proceeds on Financial Assets on the anticipated payment date, net of any taxes that are withheld by X.X. Xxxxxx or any third party (such service hereinafter defined as “AutoCredit”) for those Financial Assets and/or markets for which X.X. Xxxxxx customarily offers an AutoCredit service. X.X. Xxxxxx may reverse AutoCredit credits upon notice to the Customer if X.X. Xxxxxx believes that the corresponding payment will not be received by X.X. Xxxxxx within a reasonable period of time or the credit was incorrect. Upon request, X.X. Xxxxxx shall promptly provide the Customer with relevant information that is available to X.X. Xxxxxx related to any such reversal of credits. X.X. Xxxxxx will make available on its website a list of the markets for which it provides AutoCredit. X.X. Xxxxxx may add markets to or remove markets from the AutoCredit service upon notice to the Customer that is reasonable in the circumstances. Additionally, X.X. Xxxxxx reserves the right to restrict in good faith the availability of AutoCredit for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall. (d) X.X. Xxxxxx will use reasonable efforts to contact appropriate parties to collect unpaid interest, dividends or redemption proceeds and notify the Customer of the late payment and, if any amounts continue to remain unpaid, will, to the extent not otherwise prohibited by Applicable Law, provide information reasonably requested by the Customer that X.X. Xxxxxx has in its possession with respect to the relevant late payment; however, neither X.X. Xxxxxx nor its Subcustodians will be obliged to institute legal proceedings, file a proof of claim in any insolvency proceeding or take any similar action.

Income Collection; Autocredit. (a) X.X. J.X. Xxxxxx will monitor information publicly available in the applicable market about forthcoming income payments on the Financial Assets held in the Securities Account, and will promptly notify the Customer of such information. (b) Except in cases where X.X. J.X. Xxxxxx agrees to offer the AutoCredit service described in paragraph (c) of this Section 2.6, X.X. J.X. Xxxxxx shall not be required to credit income on Financial Assets, net of any taxes withheld by X.X. J.X. Xxxxxx or any third party, prior to actual receipt and reconciliation by X.X. J.X. Xxxxxx. (c) In cases where X.X. J.X. Xxxxxx agrees to provide the following service, X.X. J.X. Xxxxxx will credit the Cash Account with the anticipated income proceeds on Financial Assets on the anticipated payment date, net of any taxes that are withheld by X.X. J.X. Xxxxxx or any third party (such service hereinafter defined as “AutoCredit”) for those Financial Assets and/or markets for which X.X. J.X. Xxxxxx customarily offers an AutoCredit service. X.X. J.X. Xxxxxx may reverse AutoCredit credits upon notice to the Customer if X.X. J.X. Xxxxxx believes that the corresponding payment will not be received by X.X. J.X. Xxxxxx within a reasonable period of time or the credit was incorrect. X.X. J.X. Xxxxxx will make available on its website a list of the markets for which it provides AutoCredit. X.X. J.X. Xxxxxx may add markets to or remove markets from the AutoCredit service upon notice to the Customer that is reasonable in the circumstances. Additionally, X.X. J.X. Xxxxxx reserves the right to restrict in good faith the availability of AutoCredit for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall. (d) X.X. J.X. Xxxxxx will use reasonable efforts to contact appropriate parties to collect unpaid interest, dividends or redemption proceeds and notify the Customer of the late payment; however, neither X.X. J.X. Xxxxxx nor its Subcustodians will be obliged to institute legal proceedings, file a proof of claim in any insolvency proceeding or take any similar action.

Income Collection; Autocredit. (a) X.X. J.X. Xxxxxx will monitor information publicly available in the applicable market about forthcoming income payments on the Financial Assets held in the Securities Account, and will promptly notify the Customer of such information. (b) Except in cases where X.X. J.X. Xxxxxx agrees to offer the AutoCredit service described in paragraph (c) of this Section 2.6, X.X. J.X. Xxxxxx shall not be required to credit income on Financial Assets, net of any taxes withheld by X.X. J.X. Xxxxxx or any third party, prior to actual receipt and reconciliation by X.X. J.X. Xxxxxx. (c) In cases where X.X. J.X. Xxxxxx agrees to provide the following service, X.X. J.X. Xxxxxx will credit the Cash Account with the anticipated income proceeds on Financial Assets on the anticipated payment date, net of any taxes that are withheld by X.X. J.X. Xxxxxx or any third party (such service hereinafter defined as “AutoCredit”) for those Financial Assets and/or markets for which X.X. J.X. Xxxxxx customarily offers an AutoCredit service. X.X. J.X. Xxxxxx may reverse AutoCredit credits upon notice to the Customer if X.X. J.X. Xxxxxx believes that the corresponding payment will not be received by X.X. J.X. Xxxxxx within a reasonable period of time or the credit was incorrect. X.X. J.X. Xxxxxx will make available on its website a list of the markets for which it provides AutoCredit. X.X. J.X. Xxxxxx may add markets to or remove markets from the AutoCredit service upon notice to the Customer that is reasonable in the circumstances. Additionally, X.X. J.X. Xxxxxx reserves the right to restrict in good faith the availability of AutoCredit for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall. (d) X.X. J.X. Xxxxxx will use reasonable efforts to contact appropriate parties to collect unpaid interest, dividends or redemption proceeds and notify the Customer of the late payment; however, neither X.X. J.X. Xxxxxx nor its Subcustodians will be obliged to institute legal proceedings, file a proof of claim in any insolvency proceeding or take any similar action.. Global Custody Agreement - New York - January 2022

Income Collection; Autocredit. (a) X.X. Xxxxxx will monitor information publicly available in the applicable market about forthcoming income payments on the Financial Assets held in the Securities Account, and will promptly notify the Customer of such information. (b) Except in cases where X.X. Xxxxxx agrees to offer the AutoCredit service described in paragraph (c) of this Section 2.6, X.X. Xxxxxx shall not be required to credit income on Financial Assets, net of any taxes withheld by X.X. Xxxxxx or any third party, prior to actual receipt and reconciliation by X.X. Xxxxxx. (c) In cases where X.X. Xxxxxx agrees to provide the following service, X.X. Xxxxxx will credit the Cash Account with the anticipated income proceeds on Financial Assets on the anticipated payment date, net of any taxes that are withheld by X.X. Xxxxxx or any third party (such service hereinafter defined as “AutoCredit”) for those Financial Assets and/or markets for which X.X. Xxxxxx customarily offers an AutoCredit service. X.X. Xxxxxx may reverse AutoCredit credits upon notice to the Customer if X.X. Xxxxxx believes that the corresponding payment will not be received by X.X. Xxxxxx within a reasonable period of time or the credit was incorrect. X.X. Xxxxxx will make available on its website a list of the markets for which it provides AutoCredit. X.X. Xxxxxx may add markets to or remove markets from the AutoCredit service upon notice to the Customer that is reasonable in under the circumstances. Additionally, X.X. Xxxxxx reserves the right to restrict in good faith the availability of AutoCredit for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall. (d) X.X. Xxxxxx will use reasonable efforts to contact appropriate parties to collect unpaid interest, dividends or redemption proceeds and notify the Customer of the late payment; however, neither X.X. Xxxxxx nor its Subcustodians will be obliged to institute legal proceedings, file a proof of claim in any insolvency proceeding or take any similar action.. Global Custody Agreement - New York - General - February 2025

Income Collection; Autocredit. (a) X.X. Xxxxxx will monitor information publicly available in the applicable market about forthcoming income payments on the Financial Assets held in the Securities Account, and will promptly notify the Customer of such information. (b) Except in cases where X.X. Xxxxxx agrees to offer the AutoCredit service described in paragraph (c) of this Section 2.6, X.X. Xxxxxx shall not be required to credit income on Financial Assets, net of any taxes withheld by X.X. Xxxxxx or any third party, prior to actual receipt and reconciliation by X.X. Xxxxxx. (c) In cases where X.X. Xxxxxx agrees to provide the following service, X.X. Xxxxxx will credit the Cash Account with the anticipated income proceeds on Financial Assets on the anticipated payment date, net of any taxes that are withheld by X.X. Xxxxxx or any third party (such service hereinafter defined as “AutoCredit”) for those Financial Assets and/or markets for which X.X. Xxxxxx customarily offers an AutoCredit service. X.X. Xxxxxx may reverse AutoCredit credits upon notice to the Customer if X.X. Xxxxxx believes that the corresponding payment will not be received by X.X. Xxxxxx within a reasonable period of time or the credit was incorrect. X.X. Xxxxxx will make available on its website a list of the markets for which it provides AutoCredit. X.X. Xxxxxx may add markets to or remove markets from the AutoCredit service upon notice to the Customer that is reasonable in the circumstances. Additionally, X.X. Xxxxxx reserves the right to restrict in good faith the availability of AutoCredit for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall.. Global Custody Agreement – New York – January 2021 (d) X.X. Xxxxxx will use reasonable efforts to contact appropriate parties to collect unpaid interest, dividends or redemption proceeds and notify the Customer of the late payment; however, neither X.X. Xxxxxx nor its Subcustodians will be obliged to institute legal proceedings, file a proof of claim in any insolvency proceeding or take any similar action.

Income Collection; Autocredit. (a) X.X. J.X. Xxxxxx will monitor information publicly available in the applicable market about forthcoming income payments on the Financial Assets held in the Securities Account, and will promptly notify the Customer of such information. (b) Except in cases where X.X. J.X. Xxxxxx agrees to offer the AutoCredit service described in paragraph (c) of this Section 2.6, X.X. J.X. Xxxxxx shall not be required to credit income on Financial Assets, net of any taxes withheld by X.X. J.X. Xxxxxx or any third party, prior to actual receipt and reconciliation by X.X. J.X. Xxxxxx. (c) In cases where X.X. J.X. Xxxxxx agrees to provide the following service, X.X. J.X. Xxxxxx will credit the Cash Account with the anticipated income proceeds on Financial Assets on the anticipated payment date, net of any taxes that are withheld by X.X. J.X. Xxxxxx or any third party (such service hereinafter defined as “AutoCredit”) for those Financial Assets and/or markets for which X.X. J.X. Xxxxxx customarily offers an AutoCredit service. X.X. J.X. Xxxxxx may reverse AutoCredit credits upon notice to the Customer if X.X. J.X. Xxxxxx believes that the corresponding payment will not be received by X.X. J.X. Xxxxxx within a reasonable period of time or the credit Global Custody Agreement - New York - General - February 2018 version was incorrect. X.X. J.X. Xxxxxx will make available on its website as contemplated by Section 3.5(a) (Electronic Access) a list of the markets for which it provides AutoCredit. X.X. J.X. Xxxxxx may add markets to or remove markets from the AutoCredit service upon notice to the Customer that is reasonable in the circumstances. Additionally, X.X. J.X. Xxxxxx reserves the right to restrict in good faith the availability of AutoCredit for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall. (d) X.X. J.X. Xxxxxx will use reasonable efforts to contact appropriate parties to collect unpaid interest, dividends or redemption proceeds and notify the Customer of the late payment; however, neither X.X. J.X. Xxxxxx nor its Subcustodians will be obliged to institute legal proceedings, file a proof of claim in any insolvency proceeding or take any similar action.