Common use of Miscellaneous Administrative Duties Clause in Contracts

Miscellaneous Administrative Duties. (a) Until X.X. Xxxxxx receives Instructions to the contrary, X.X. Xxxxxx will: (i) present all Financial Assets for which X.X. Xxxxxx has received notice of a call for redemption or that have otherwise matured, and all income and interest coupons and other income items that call for payment upon presentation; (ii) execute in the name of the Customer such certificates as may be required to obtain payment in respect of Financial Assets; and Global Custody Agreement - New York - General - DOCUMENT ID: [D2817270] - May 2016 (iii) exchange interim or temporary documents of title held in the Securities Account for definitive documents of title. (b) In the event that, as a result of holding of Financial Assets in an omnibus account, the Customer receives fractional interests in Financial Assets arising out of a Corporate Action or class action litigation, X.X. Xxxxxx will credit the Customer with the amount of cash the Customer would have received, as reasonably determined by X.X. Xxxxxx, had the Financial Assets not been held in an omnibus account, and the Customer shall relinquish to X.X. Xxxxxx its interest in such fractional interests. (c) If some, but not all, of an outstanding class of Financial Assets is called for redemption, X.X. Xxxxxx may allot the amount redeemed among the respective beneficial holders of such a class of Financial Assets on a pro rata basis or in a similar manner X.X. Xxxxxx deems fair and equitable. (d) X.X. Xxxxxx reserves the right to reverse any transactions that are credited to the Accounts due to mis-postings and other similar actions.

Miscellaneous Administrative Duties. (a) Until X.X. Xxxxxx receives Instructions to the contrary, X.X. Xxxxxx will: (i) present all Financial Assets for which X.X. Xxxxxx has received notice of a call for redemption or that have otherwise matured, and all income and interest coupons and other income items that call for payment upon presentation; (ii) execute in the name of the Customer such certificates as may be required to obtain payment in respect of Financial Assets; and Global Custody Agreement - New York - General - DOCUMENT ID: [D2817270] - May 2016and (iii) exchange interim or temporary documents of title held in the Securities Account for definitive documents of title. (b) In the event that, as a result of holding of Financial Assets in an omnibus account, the Customer receives fractional interests in Financial Assets arising out of a Corporate Action or class action litigation, X.X. Xxxxxx will credit the Customer with the amount of cash equivalent in value to the Customer fractional interest it would have received, as reasonably determined by X.X. Xxxxxx, received had the Financial Assets not been held in an omnibus account, and the Customer shall relinquish to X.X. Xxxxxx its interest in such fractional interests.. Global Custody Agreement – JPMCB New York – General – July 2010 (c) If some, but not all, of an outstanding class of Financial Assets is called for redemption, X.X. X. X. Xxxxxx may allot the amount redeemed among the respective beneficial holders of such a class of Financial Assets on a pro rata basis or in a similar manner X.X. Xxxxxx deems fair and equitable. (d) X.X. Xxxxxx reserves the right to reverse any transactions that are credited to the Accounts due to mis-postings and other similar actions.

Miscellaneous Administrative Duties. (a) Until X.X. Xxxxxx receives Instructions to the contrary, X.X. Xxxxxx will: (i) present all Financial Assets for which X.X. Xxxxxx has received notice of a call for redemption or that have otherwise matured, and all income and interest coupons and other income items that call for payment upon presentation; (ii) execute in the name of the Customer such certificates as may be required to obtain payment in respect of Financial Assets; and Global Custody Agreement - New York - General - DOCUMENT ID: [D2817270] - May 2016and (iii) exchange interim or temporary documents of title held in the Securities Account for definitive documents of title. (b) In the event that, as a result of holding of Financial Assets in an omnibus account, the Customer receives fractional interests in Financial Assets arising out of a Corporate Action or class action litigation, X.X. Xxxxxx will credit the Customer with the amount of cash the Customer it would have received, as reasonably determined by X.X. Xxxxxx, received had the Financial Assets not been held in an omnibus account, and the Customer shall relinquish to X.X. Xxxxxx its interest in such fractional interests. (c) If some, but not all, of an outstanding class of Financial Assets is called for redemption, X.X. Xxxxxx may allot the amount redeemed among the respective beneficial holders of such a class of Financial Assets on a pro rata basis or in a similar manner X.X. Xxxxxx deems fair and equitable. (d) X.X. Xxxxxx reserves the right to reverse any transactions that are credited to the Accounts due to mis-postings and other such similar actionsactions as determined by X.X. Xxxxxx in good faith.

Miscellaneous Administrative Duties. (a) Until X.X. Xxxxxx receives Instructions to the contrary, X.X. Xxxxxx will: (i) present all Financial Assets for which X.X. Xxxxxx has received notice of a call for redemption or that have otherwise matured, and all income and interest coupons and other income items that call for payment upon presentation; (ii) execute in the name of the Customer such certificates as may be required to obtain payment in respect of Financial Assets; and Global Custody Agreement - New York - General - DOCUMENT ID: [D2817270] - May 2016and (iii) exchange interim or temporary documents of title held in the Securities Account for definitive documents of title. (b) In the event that, as a result of holding of Financial Assets in an omnibus account, the Customer receives fractional interests in Financial Assets arising out of a Corporate Action or class action litigation, X.X. Xxxxxx will credit the Customer with the amount of cash the Customer it would have received, as reasonably determined by X.X. Xxxxxx, received had the Financial Assets not been held in an omnibus account, and the Customer shall relinquish to X.X. Xxxxxx its interest in such fractional interests. (c) If some, but not all, of an outstanding class of Financial Assets is called for redemption, X.X. Xxxxxx may allot the amount redeemed among the respective beneficial holders of such a class of Financial Assets on a pro rata basis or in a similar manner X.X. Xxxxxx deems fair and equitable.. Global Custody Agreement – New York – General – May 2012 EXECUTION COPY (d) X.X. Xxxxxx reserves the right to reverse any transactions that are credited to the Accounts due to mis-postings and other such similar actions.

Miscellaneous Administrative Duties. (a) Until X.X. J.X. Xxxxxx receives Instructions to the contrary, X.X. J.X. Xxxxxx will: (i) present all Financial Assets for which X.X. J.X. Xxxxxx has received notice of a call for redemption or that have otherwise matured, and all income and interest coupons and other income items that call for payment upon presentation; (ii) execute in the name of the Customer such certificates as may be required to obtain payment in respect of Financial Assets; and Global Custody Agreement - New York - General - DOCUMENT ID: [D2817270] - May 2016and (iii) exchange interim or temporary documents of title held in the Securities Account for definitive documents of title. (b) In the event that, as a result of holding of Financial Assets in an omnibus account, the Customer receives fractional interests in Financial Assets arising out of a Corporate Action or class action litigation, X.X. J.X. Xxxxxx will credit the Customer with the amount of cash the Customer it would have received, as reasonably determined by X.X. Xxxxxx, received had the Financial Assets not been held in an omnibus account, and the Customer shall relinquish to X.X. J.X. Xxxxxx its interest in such fractional interests. (c) If some, but not all, of an outstanding class of Financial Assets is called for redemption, X.X. J.X. Xxxxxx may allot the amount redeemed among the respective beneficial holders of such a class of Financial Assets on a pro rata basis or in a similar manner X.X. J.X. Xxxxxx deems fair and equitable. (d) X.X. J.X. Xxxxxx reserves the right to reverse any transactions that are credited to the Accounts due to mis-postings and other such similar actions.

Miscellaneous Administrative Duties. (a) Until X.X. Xxxxxx receives Instructions to the contrary, X.X. Xxxxxx will: (i) present all Financial Assets for which X.X. Xxxxxx has received notice of a call for redemption or that have otherwise matured, and all income and interest coupons and other income items that call for payment upon presentation; (ii) execute in the name of the Customer such certificates as may be required to obtain payment in respect of Financial Assets; and Global Custody Agreement - New York - General - DOCUMENT ID: [D2817270] - May 2016and (iii) exchange interim or temporary documents of title held in the Securities Account for definitive documents of title. (b) In the event that, as a result of holding of Financial Assets in an omnibus account, the Customer receives fractional interests in Financial Assets arising out of a Corporate Action or class action litigation, X.X. Xxxxxx will credit the Customer with the amount of cash the Customer it would have received, as reasonably determined by X.X. Xxxxxx, received had the Financial Assets not been held in an omnibus account, and the Customer shall relinquish to X.X. Xxxxxx its interest in such fractional interests. (c) If some, but not all, of an outstanding class of Financial Assets is called for redemption, X.X. Xxxxxx may allot the amount redeemed among the respective beneficial holders of such a class of Financial Assets on a pro rata basis or in a similar manner X.X. Xxxxxx deems fair and equitable. (d) X.X. Xxxxxx reserves the right to reverse any transactions that are credited to the Accounts due to mis-postings and other such similar actions.Global Custody Agreement - New York - General - May 2012