Common use of OWNERSHIP AND IDENTIFICATION Clause in Contracts

OWNERSHIP AND IDENTIFICATION. All Securities held by a Sub-Custodian hereunder shall be identified (i) on Custodian's books, as belonging to Client and located at the Sub-Custodian, and (ii) on the Sub-Custodian's books, as belonging to Custodian or State Street, as applicable, for the account and beneficial interest of Custodian's customers or State Street's customers, as applicable.

OWNERSHIP AND IDENTIFICATION. All Securities held by a Sub-Custodian hereunder shall be identified (iI) on Custodian's books, as belonging to Client and located at the Sub-Custodiancustodian, and (ii) on the Sub-Custodian's books, as belonging to Custodian or State Street, as applicable, for the account and beneficial interest of Custodian's customers or State Street's customers, as applicable.