Common use of Recording of Assets Clause in Contracts

Recording of Assets. (a) Register the Property of the Trust Fund in its own name as Trustee, or in the names of its nominees or in the name of, or nominees of, any Subcustodian or Sub-Subcustodian appointed under this Agreement, or hold the investment in bearer form if the investment is not registrable or if it would not be in the best interest of the Beneficiaries of the Trust Fund to do otherwise. (b) Clearly record all assets of the Trust Fund at all times and in all circumstances in the books and records of the Trustee so as to show that the beneficial ownership of such assets is vested in the Beneficiaries. (c) Where any Property of the Trust Fund is held by a Subcustodian, identify in the books and records of the Trustee that such Property is being held on behalf of the Trust Fund by that Subcustodian.

Recording of Assets. (a) Register the Property of the Trust Fund in its own name as Trustee, or in the names of its nominees or in the name of, or nominees of, any Subcustodian subcustodian or Subsub-Subcustodian subcustodian appointed under this Agreement or of any Depository authorized under this Agreement, or hold the investment in bearer form if the investment is not registrable or if it would not be in the best interest of the Beneficiaries of the Trust Fund to do otherwise. (b) Clearly record all assets of the Trust Fund at all times and in all circumstances in the books and records of the Trustee so as to show that the beneficial ownership of such assets is vested in the Beneficiaries. (c) Where any Property of the Trust Fund is held by a Subcustodiansubcustodian, identify in the books and records of the Trustee that such Property is being held on behalf of the Trust Fund by that Subcustodiansubcustodian.

Recording of Assets. (a) Register the Property of the Trust Fund in its own name as Trustee, or in the names of its nominees or in the name of, or nominees of, any Subcustodian or Sub-Sub- Subcustodian appointed under this Agreement, or hold the investment in bearer form if the investment is not registrable or if it would not be in the best interest of the Beneficiaries of the Trust Fund to do otherwise. (b) Clearly record all assets of the Trust Fund at all times and in all circumstances in the books and records of the Trustee so as to show that the beneficial ownership of such assets is vested in the Beneficiaries. (c) Where any Property of the Trust Fund is held by a Subcustodian, identify in the books and records of the Trustee that such Property is being held on behalf of the Trust Fund by that Subcustodian.