Common use of Powers of Custodian Clause in Contracts

Powers of Custodian. In the performance of its duties hereunder, Custodian shall have the following powers: 3.1. To register any of the Assets in the name of Customer or in the Custodian’s name or in the name of a nominee of Custodian or in the name of the Custodian’s agent bank or to hold any of the Assets in unregistered form or in such form as will pass title by delivery, provided that such Assets shall at all times be recorded in Customer’s Account hereunder as one of the Assets. In consideration of Custodian’s registration of any securities or other property in the name of Custodian or its nominee or agent, Customer agrees to pay on demand to Custodian or to Custodian’s nominee or agent the amount of any loss or liability for Stockholders’ assessments, or otherwise, claimed or asserted against Custodian or Custodian’s nominee or agent by reason of such registration. 3.2. To make, execute, acknowledge and deliver any and all documents of transfer and conveyance and any or all other instruments that may be necessary or appropriate to carry out the duties described and powers granted herein. 3.3. To maintain qualifying Assets in any registered clearing agency or in a Federal Reserve Bank (collectively a “Depository”), as Custodian may select, and to permit such deposited Assets to be registered in the name of Custodian or Custodian’s agent or nominee on the records of such Federal Reserve Bank or such registered clearing agency or the nominee of either, and to employ and use securities depositories, clearing agencies, clearance systems, sub- Custodians or agents located outside the United States in connection with transactions involving foreign securities. 3.4. To employ agents and to delegate duties to them as it sees fit and to employ or consult with experts, advisors and legal counsel (who may be employed also by Customer) and to rely on information and advice received from such agents, experts, advisors, and legal counsel. 3.5. To perform any and all other ministerial acts deemed by Custodian necessary or appropriate to the proper discharge of its duties hereunder. 3.6. To hold uninvested reasonable amounts of cash whenever it is deemed advisable to do so to facilitate disbursements or for other operational reasons, and to deposit the same, with or without interest, in the commercial or savings departments of the Custodian serving hereunder or of any other bank, trust company or other financial institution including those affiliated with the Custodian, notwithstanding the Custodian’s or other entity’s receipt of “float” from such uninvested cash.

Powers of Custodian. In the performance of its duties hereunder, Custodian shall have the following powers: 3.1. To register any of the Assets in the name of Customer or in the Custodian’s 's name or in the name of a nominee of Custodian or in the name of the Custodian’s 's agent bank or to hold any of the Assets in unregistered form or in such form as will pass title by delivery, provided that such Assets shall at all times be recorded in Customer’s 's Account hereunder as one of the Assets. In consideration of Custodian’s 's registration of any securities or other property in the name of Custodian or its nominee or agent, Customer agrees to pay on demand to Custodian or to Custodian’s 's nominee or agent the amount of any loss or liability for Stockholders’ ' assessments, or otherwise, claimed or asserted against Custodian or Custodian’s 's nominee or agent by reason of such registration. 3.2. To make, execute, acknowledge and deliver any and all documents of transfer and conveyance and any or all other instruments that may be necessary or appropriate to carry out the duties described and powers granted herein. 3.3. To maintain qualifying Assets in any registered clearing agency or in a Federal Reserve Bank (collectively a “"Depository”"), as Custodian may select, and to permit such deposited Assets to be registered in the name of Custodian or Custodian’s 's agent or nominee on the records of such Federal Reserve Bank or such registered clearing agency or the nominee of either, and and, in compliance with Rule 17f-7 under the 1940 act, to employ and use securities depositories, clearing agencies, clearance systems, sub- sub-Custodians or agents located outside the United States in connection with transactions involving foreign securities. 3.4. To employ agents and to delegate duties to them as it sees fit and to employ or consult with experts, advisors and legal counsel (who may be employed also by Customer) and to rely on information and advice received from such agents, experts, advisors, and legal counsel. 3.5. To perform any and all other ministerial acts deemed by Custodian necessary or appropriate to the proper discharge of its duties hereunder. 3.6. To hold uninvested reasonable amounts of cash whenever it is deemed advisable to do so to facilitate disbursements or for other operational reasons, and to deposit the same, with or without interest, in the commercial or savings departments of the Custodian serving hereunder or of any other bank, trust company or other financial institution including those affiliated with the Custodian, notwithstanding the Custodian’s or other entity’s receipt of “float” from such uninvested cash.

Powers of Custodian. In the performance of its duties hereunder, Custodian shall have the following powers: 3.1. To register any of the Assets in the name of the Customer or in the Custodian’s 's name or in the name of a nominee of Custodian or in the name of the Custodian’s 's agent bank or to hold any of the Assets in unregistered form or in such form as will pass title by delivery, provided that such Assets shall at all times be recorded in Customer’s 's Account hereunder as one of the AssetsAssets and provided further that any such designation shall make it clear that the Assets are owned by Customer and held for the benefit of the Trust. In consideration of Custodian’s 's registration of any securities or other property in the name of Custodian or its nominee or agent, Customer agrees to pay on demand to Custodian or to Custodian’s 's nominee or agent the amount of any loss or liability for Stockholders’ assessments, stockholders' assessments or otherwise, claimed or asserted against Custodian or Custodian’s 's nominee or agent by reason of such registration. 3.2. To make, execute, acknowledge and deliver any and all documents of transfer and conveyance and any or all other instruments that may be necessary or appropriate to carry out the duties described and powers granted herein. 3.3. To maintain qualifying Assets in any such registered clearing agency or in a Federal Reserve Bank (collectively a “"Depository”"), as Custodian may select, and to permit such deposited Assets to be registered in the name of Custodian or Custodian’s 's agent or nominee on the records of such Federal Reserve Bank or such registered clearing agency or the nominee of either, and to employ and use securities depositories, clearing agencies, clearance systems, sub- Custodians sub-custodians or agents located outside the United States in connection with transactions involving foreign securities, provided that such Assets shall at all times be recorded in Customer's Account herein as one of the Assets and provided further that any such registration shall make it clear that the Assets are owned by Customer and held for the benefit of the Trust. 3.4. To employ agents and to delegate duties to them as it sees fit and to employ or consult with experts, advisors and legal counsel (who may be employed also by Customer) and to rely on information and advice received from such agents, experts, advisors, and legal counsel. 3.5. To perform any and all other ministerial acts deemed by Custodian necessary or appropriate to the proper discharge of its duties hereunder. 3.6. To hold uninvested reasonable amounts of cash whenever it is deemed advisable to do so to facilitate disbursements or for other operational reasons, and to deposit the same, with or without interest, in the commercial or savings departments of the Custodian serving hereunder or of any other bank, trust company or other financial institution including those affiliated with the Custodian, notwithstanding the Custodian’s or other entity’s receipt of “float” from such uninvested cash.

Powers of Custodian. In the performance of its duties hereunder, Custodian shall have the following powers: 3.1. To register any of the Assets in the name of Customer or in the Custodian’s name or in the name of a nominee of Custodian or in the name of the Custodian’s agent bank or to hold any of the Assets in unregistered form or in such form as will pass title by delivery, provided that such Assets shall at all times be recorded in Customer’s Account hereunder as one of the Assets. In consideration of Custodian’s registration of any securities or other property in the name of Custodian or its nominee or agent, Customer agrees to pay on demand to Custodian or to Custodian’s nominee or agent the amount of any loss or liability for Stockholders’ assessments, or otherwise, claimed or asserted against Custodian or Custodian’s nominee or agent by reason of such registration. 3.2. To make, execute, acknowledge and deliver any and all documents of transfer and conveyance and any or all other instruments that may be necessary or appropriate to carry out the duties described and powers granted herein. 3.3. To maintain qualifying Assets in any registered clearing agency or in a Federal Reserve Bank (collectively a “Depository”), as Custodian may select, and to permit such deposited Assets to be registered in the name of Custodian or Custodian’s agent or nominee on the records of such Federal Reserve Bank or such registered clearing agency or the nominee of either, and to employ and use securities depositories, clearing agencies, clearance systems, sub- Custodians or agents located outside the United States in connection with transactions involving foreign securities. 3.4. To employ agents and to delegate duties to them as it sees fit and to employ or consult with experts, advisors and legal counsel (who may be employed also by Customer) and to rely on information and advice received from such agents, experts, advisors, and legal counselcounsel selected with due care. 3.5. To perform any and all other ministerial acts deemed by Custodian necessary or appropriate to the proper discharge of its duties hereunder. 3.6. To hold uninvested reasonable amounts of cash whenever it is deemed advisable to do so to facilitate disbursements or for other operational reasons, and to deposit the same, with or same without interest, interest for a limit of one day in the commercial or savings departments of the Custodian serving hereunder or of any other bank, trust company or other financial institution including those affiliated with the Custodian, notwithstanding the Custodian’s or other entity’s receipt of “float” from such uninvested cash; after the intra day limit the assets must be invested at interest in a money market fund.

Powers of Custodian. In the performance of its duties hereunder, Custodian shall have the following powers: 3.1. To register any of the Assets in the name of Customer or in the Custodian’s 's name or in the name of a nominee of Custodian or in the name of the Custodian’s 's agent bank or to hold any of the Assets in unregistered form or in such form as will pass title tittle by delivery, provided that such Assets shall at all times be recorded xxxxxded in Customer’s 's Account hereunder as one of the Assets. In consideration of Custodian’s 's registration of any securities or other property in the name of Custodian or its nominee or agent, Customer agrees to pay on demand to Custodian or to Custodian’s 's nominee or agent the amount of any loss or liability for Stockholders’ ' assessments, or otherwise, claimed or asserted against Custodian or Custodian’s 's nominee or agent by reason of such registration. 3.2. To make, execute, acknowledge and deliver any and all documents of transfer and conveyance and any or all other instruments that may be necessary or appropriate to carry out the duties described and powers granted herein. 3.3. To maintain qualifying Assets in any registered clearing agency or in a Federal Reserve Bank (collectively a “"Depository”"), as Custodian may select, and to permit such deposited Assets to be registered in the name of Custodian or Custodian’s 's agent or nominee on the records of such Federal Reserve Bank or such registered clearing agency or the nominee of either, and to employ and use securities depositories, clearing agencies, clearance systems, sub- Custodians sub-custodians or agents located outside the United States in connection with transactions involving foreign securities. 3.4. To employ agents and to delegate duties to them as it sees fit and to employ or consult with experts, advisors and legal counsel (who may be employed also by Customer) and to rely on information and advice received from such agents, experts, advisors, and legal counsel. 3.5. To perform any and all other ministerial acts deemed by Custodian necessary or appropriate to the proper discharge of its duties hereunder. 3.6. To hold uninvested reasonable amounts of cash whenever it is deemed advisable to do so to facilitate disbursements or for other operational reasons, and to deposit the same, with or without interest, in the commercial or savings departments of the Custodian serving hereunder or of any other bank, trust company or other financial institution including those affiliated with the Custodian, notwithstanding the Custodian’s or other entity’s receipt of “float” from such uninvested cash.

Powers of Custodian. In the performance of its duties hereunder, Custodian shall have the following powers: 3.1. To register any of the Assets in the name of Customer or in the Custodian’s 's name or in the name of a nominee of Custodian or in the name of the Custodian’s 's agent bank or to hold any of the Assets in unregistered form or in such form as will pass title by delivery, provided that such Assets shall at all times be recorded in Customer’s 's Account hereunder as one of the Assets. In consideration of Custodian’s 's registration of any securities or other property in the name of Custodian or its nominee or agent, Customer agrees to pay on demand to Custodian or to Custodian’s 's nominee or agent the amount of any loss or liability for Stockholders’ ' assessments, or otherwise, claimed or asserted against Custodian or Custodian’s 's nominee or agent by reason of such registration. 3.2. To make, execute, acknowledge and deliver any and all documents of transfer and conveyance and any or all other instruments that may be necessary or appropriate to carry out the duties described and powers granted herein. 3.3. To maintain qualifying Assets in any registered clearing agency or in a Federal Reserve Bank (collectively a “Depository”), as Custodian may select, and to permit such deposited Assets to be registered in the name of Custodian or Custodian’s agent or nominee on the records of such Federal Reserve Bank or such registered clearing agency or the nominee of either, and to employ and use securities depositories, clearing agencies, clearance systems, sub- Custodians or agents located outside the United States in connection with transactions involving foreign securities. 3.4. To employ agents and to delegate duties to them as it sees fit and to employ or consult with experts, advisors and legal counsel (who may be employed also by Customer) and to rely on information and advice received from such agents, experts, advisors, and legal counsel. 3.53.4. To perform any and all other ministerial acts deemed by Custodian necessary or appropriate to the proper discharge of its duties hereunder. 3.6. To hold uninvested reasonable amounts of cash whenever it is deemed advisable to do so to facilitate disbursements or for other operational reasons, and to deposit the same, with or without interest, in the commercial or savings departments of the Custodian serving hereunder or of any other bank, trust company or other financial institution including those affiliated with the Custodian, notwithstanding the Custodian’s or other entity’s receipt of “float” from such uninvested cash.