Common use of Non-Discretionary Custodial Duties Clause in Contracts

Non-Discretionary Custodial Duties. Absent a contrary Instruction, the Custodian shall carry out the following without further Instructions: (i) in the Client or Fund’s name or on its behalf, sign any affidavits, certificates of ownership and other certificates and documents relating to Securities which may be required (i) to obtain any Securities or Cash or (ii) by any tax or regulatory authority; (ii) collect, receive, and/or credit on a timely basis as such amounts are received the Custody Account or Cash Account, as appropriate, with all income, payments and distributions in respect of Securities and any capital arising out of or in connection with Securities (including all Securities received by the Custodian as a result of a stock dividend, bonus issue, share sub-division or reorganization, capitalization of reserves or otherwise) and take any action necessary and proper in connection therewith; (iii) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates; (iv) notify the Client of notices, circulars, reports and announcements which the Custodian has received, in the course of acting in the capacity of custodian, concerning Securities held on the Client’s behalf, including, but not limited to, (i) any such notices that require discretionary action, (ii) pendency of calls and maturities of domestic Securities and expiration of rights in connection therewith, , (iii) tender or exchange offers, and (iv) notices of any bankruptcy, insolvency, restructuring or other similar event of the issuer or obligor. Custodian will use commercially reasonable efforts to notify Client, as soon as reasonably practicable, of any other notices relating to Client investments which may be received by Custodian. (v) make any payment by debiting the Cash Account or any other designated account of the Client with the Custodian as required to effect any Instruction; and (vi) attend to all non-discretionary matters in connection with anything provided in this Section 6(B) or any Instruction.

Non-Discretionary Custodial Duties. Absent a contrary Instruction, the Custodian shall promptly carry out the following without further Instructions: (i) in the Client or FundClient’s name or on its behalf, sign any affidavits, certificates of ownership and other certificates and documents relating to Securities which may be required (i) to obtain any Securities or Cash or (ii) by any tax or regulatory authority; (ii) collect, receive, and/or credit on a timely basis as such amounts are received the Custody Account or Cash Account, as appropriate, with all income, payments and distributions in respect of Securities and any capital arising out of or in connection with Securities (including all Securities received by the Custodian as a result of a stock split or dividend, bonus issue, share sub-division or reorganizationreorganisation, capitalization capitalisation of reserves or otherwise) and take any action necessary and proper in connection therewith; (iii) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificatescertificates and hold such new or definitive certificates in the Custody Account; (iv) notify the Client promptly of notices, circulars, reports and announcements which the Custodian has received, in the course of acting in the capacity of custodian, concerning Securities held on the Client’s behalf, including, but not limited to, (i) any such notices behalf that require discretionary action, (ii) pendency of calls and maturities of domestic Securities and expiration of rights in connection therewith, , (iii) tender or exchange offers, and (iv) notices of any bankruptcy, insolvency, restructuring or other similar event of the issuer or obligor. Custodian will use commercially reasonable efforts to notify Client, as soon as reasonably practicable, of any other notices relating to Client investments which may be received by Custodian.; (v) make any payment by debiting the Cash Account or any other designated account of the Client with the Custodian as required to effect any Instruction; (vi) endorse for collection, in the name of the Client, checks, drafts and other negotiable instruments; (vii) at least monthly, furnish the Client with a detailed statement of the Securities and Cash held by it; (viii) supply the Client or its designee with such daily information regarding the Securities and Cash as the Custodian and the Client or its designee shall from time to time agree. It is understood that such information will not be audited by the Custodian and the Custodian represents that such information will be the best information then available to the Custodian; and (viix) in general, attend to all non-discretionary matters in connection with anything provided in this Section 6(B) or any InstructionInstruction or in connection with the sale, exchange, or other disposition, substitution, purchase, transfer, delivery of, or other dealings with, the Securities and Cash of the Client.

Non-Discretionary Custodial Duties. Absent a contrary Instruction, the Custodian shall carry out the following without further Instructions: (i) in the Client or Fund’s name or on its behalf, sign any affidavits, certificates of ownership and other certificates and documents relating to Securities which may be required (i) to obtain any Securities or Cash or (ii) by any tax or regulatory authority; (ii) collect, receive, and/or credit on a timely basis as such amounts are received the Custody Account or Cash Account, as appropriate, with all income, payments and distributions in respect of Securities and any capital arising out of or in connection with Securities (including all Securities received by the Custodian as a result of a stock dividend, bonus issue, share sub-division or reorganizationreorganisation, capitalization capitalisation of reserves or otherwise) and take any action necessary and proper in connection therewith; (iii) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates; (iv) notify the Client of notices, circulars, reports and announcements which the Custodian has received, in the course of acting in the capacity of custodian, . concerning Securities held on the Client’s behalf, including, but not limited to, (i) any such notices behalf that require discretionary action, (ii) pendency of calls and maturities of domestic Securities and expiration of rights in connection therewith, , (iii) tender or exchange offers, and (iv) notices of any bankruptcy, insolvency, restructuring or other similar event of the issuer or obligor. Custodian will use commercially reasonable efforts to notify Client, as soon as reasonably practicable, of any other notices relating to Client investments which may be received by Custodian.; (v) make any payment by debiting the Cash Account or any other designated account of the Client with the Custodian as required to effect any Instruction; and (vi) transmit within a reasonably practicable time to the Client written information (including pendency of calls and maturities of securities and expirations of rights in connection therewith) received by the Custodian from its subcustodians or from issuers of the securities being held for the Account; (vii) with respect to tender or exchange offers, the Custodian shall transmit within a reasonably practicable time to the Client written information received by the Custodian from its agents or its subcustodians or from issuers of the secllrities whose tender or exchange is sought or from the party (or its agents) making the tender or exchange offer. The Custodian shall not be liable for any untimely exercise of any tender, exchange or other right or power in connection with securities or other property of the Client at any time held by it unless (i) it or its agents or its subcustodians are in actual or effective possession of such securities or property and (ii) it receives Proper Instructions with regard to the exercise of any such right or power, and both (i) and (ii) occur at least three business days prior to the Custodian’s deadline date to exercise such right or power set forth in the written materials described above or (iii) it fails to promptly transmit materials received by it to the Client; and (viii) attend to all non-discretionary matters in connection with anything provided in this Section 6(B) or any Instruction.

Non-Discretionary Custodial Duties. Absent a contrary Instruction, the Custodian shall carry out the following without further Instructions: : (i) in the Client or Fund’s name of the Client, on behalf of a Portfolio, or on its behalf, sign any affidavits, certificates of ownership and other certificates and documents relating to Securities which may be required (i) to obtain any Securities or Cash or (ii) by any tax or regulatory authority; ; (ii) collect, receive, and/or credit on a timely basis as such amounts are received the Custody Account or Cash Account, as appropriate, with all income, payments and distributions in respect of Securities and any capital arising out of or in connection with Securities (including all Securities received by the Custodian as a result of a a. stock dividend, bonus issue, share sub-division or reorganization, capitalization of reserves or otherwise) and take any action necessary and proper in connection therewith; ; (iii) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates; ; (iv) notify transmit promptly to the Client of notices, circulars, reports reports, announcements and announcements which similar written information that the Custodian has received, in the course of acting in the capacity of custodian, concerning Securities held on the Client’s behalf, including, but not limited to, (i) any such notices behalf that require discretionary actionaction (In this regard, (ii) pendency of calls the Custodian is authorized to accept and maturities of domestic Securities and expiration of rights in connection therewith, , (iii) tender open on the Client’s behalf all mail or exchange offers, and (iv) notices of any bankruptcy, insolvency, restructuring or other similar event of the issuer or obligor. Custodian will use commercially reasonable efforts to notify Client, as soon as reasonably practicable, of any other notices relating to Client investments which may be communications received by Custodian. it or directed in its care); (v) make any payment by debiting the a Cash Account or any other designated account of the Client Client, on behalf of a Portfolio, with the Custodian as required to effect any Instruction; and and (vi) attend to all non-discretionary matters in connection with anything provided in this Section 6(B5(E) or any Instruction.. (F)

Non-Discretionary Custodial Duties. Absent a contrary Instruction, the Custodian shall carry out the following without further Instructions: (i) in the Client or Fund’s name or on its behalf, sign any affidavits, certificates of ownership and other certificates and documents relating to Securities which may be required (i) to obtain any Securities or Cash or (ii) by any tax or regulatory authority; (ii) collect, receive, and/or credit on a timely basis as such amounts are received the Custody Account or Cash Account, as appropriate, with all income, payments and distributions in respect of Securities and any capital arising out of or in connection with Securities (including all Securities received by the Custodian as a result of a stock dividend, bonus issue, share sub-division or reorganization, capitalization of reserves or otherwise) and take any action necessary and proper in connection therewith;; 1940 ACT GCSA 2013 NY - V.06.14.2011- (Neg XXXX XXXXXXX FUNDS, FEBRUARY 28, 2014) (iii) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates; (iv) notify the Client of notices, circulars, reports and announcements which the Custodian has received, in the course of acting in the capacity of custodian, concerning Securities held on the Client’s behalf, including, but not limited to, (i) any such notices that require discretionary action, (ii) pendency of calls and maturities of domestic Securities and expiration of rights in connection therewith, , (iii) tender or exchange offers, and (iv) notices of any bankruptcy, insolvency, restructuring or other similar event of the issuer or obligor. Custodian will use commercially reasonable efforts to notify Client, as soon as reasonably practicable, of any other notices relating to Client investments which may be received by Custodian. (v) make any payment by debiting the Cash Account or any other designated account of the Client with the Custodian as required to effect any Instruction; and (vi) attend to all non-discretionary matters in connection with anything provided in this Section 6(B) or any Instruction.