Common use of REGISTRATION AND OTHER ACTION Clause in Contracts

REGISTRATION AND OTHER ACTION. (A) The Client understands and agrees that, except as may be specified in the Service Standards, Property shall be registered as the Custodian may direct either in the name of the Custodian, Subcustodian or Clearance System, or nominee of any of them, in the jurisdiction where the Property is required to be registered or otherwise held; provided, however that the books and records of the Custodian shall reflect that such securities are held for the benefit of the Client. Where feasible, the Custodian will arrange on written request by the Client for the registration of Property with the issuer or its agent in the name of the Client or its nominee. The Client understands and agrees, however, that the Custodian shall have discretion to determine whether such direct registration is feasible. (B) The Custodian shall, to the extent reasonably possible, notify, make available or deliver to the Client, in a timely manner, all official notices, circulars, reports and announcements that are received by the Custodian in such capacity concerning the Securities held on the Client's behalf that require discretionary action. (C) The Custodian shall provide proxy services to the Client only where there is a separate agreement in relation to proxy services between the Custodian and the Client. (D) Upon receipt of each transaction advice and/or statement of account, the Client shall examine the same and notify the Custodian within sixty (60) days of the date of any such advice or statement of any discrepancy between Instructions given and the situation shown in the transaction advice and/or statement, and/or of any other errors therein. In the event that the Client does not inform the Custodian in writing of any exceptions or objections within sixty (60) days after the date of such transaction advice and/or statement, the Client shall be deemed to have approved such transaction advice and/or statement.

REGISTRATION AND OTHER ACTION. (A) The Client understands and agrees that, except as may be specified in the Service Standardsany operating procedures, Property shall be registered as the Custodian may direct either in the name of the Custodian, Subcustodian or Clearance System, or nominee of any of them, in the jurisdiction where the Property is required to be registered or otherwise held; provided, however that the books and records of the Custodian shall reflect that such securities are held for the benefit of the Client. Where feasible, the Custodian will arrange on written request by the Client for the registration of Property Property, consistent of certificated securities held by the Custodian, with the issuer or its agent in the name of the Client or its nominee. The Client understands and agrees, however, that the Custodian shall have discretion to determine whether such direct registration is feasible. (B) The Custodian shall, to the extent reasonably possible, notify, make available or deliver to the Client, in a timely manner, all official notices, circulars, reports and announcements that are received by the Custodian in such capacity concerning the Securities held on the Client's behalf that require discretionary action. (C) The Custodian shall provide proxy services to the Client only where there is a separate agreement in relation to proxy services between the Custodian and the Client; provided, however, the Custodian shall deliver to the Client any proxy received from an issuer, which shall be signed by the Custodian. (D) Upon receipt of each transaction advice and/or statement of account, the Client shall examine the same and notify the Custodian within sixty thirty (6030) days of the date of any such advice or statement of any discrepancy between Instructions given and the situation shown in the transaction advice and/or statement, and/or of any other errors therein. In the event that the Client does not inform the Custodian in writing of any exceptions or objections within sixty thirty (6030) days after the date of such transaction advice and/or statement, the Client shall be deemed to have approved such transaction advice and/or statement.

REGISTRATION AND OTHER ACTION. (A) The Client understands and agrees that, except as may be specified in the Service Standards, Property shall be registered as the Custodian may direct either in the name of the Custodian, Subcustodian or Clearance System, or nominee of any of them, in the jurisdiction where the Property is required to be registered or otherwise held; provided, however that the books and records of the Custodian shall reflect that such securities are held for the benefit of the Client. Where feasible, the Custodian will arrange on written request by the Client for the registration of Property with the issuer or its agent in the name of the Client or its nominee. The Client understands and agrees, however, that the Custodian shall have discretion to determine whether such direct registration is feasible. (B) The Custodian shall, to the extent reasonably possible, notify, make available or deliver to the Client, in a timely manner, all official notices, circulars, reports and announcements that are received by the Custodian in such capacity concerning the Securities held on the Client's ’s behalf that require discretionary action. (C) The Custodian shall provide proxy services to the Client only where there is a separate agreement in relation to proxy services between the Custodian and the Client. (D) Upon receipt of each transaction advice and/or statement of account, the Client shall examine the same and notify the Custodian within sixty (60) days of the date of any such advice or statement of any discrepancy between Instructions given and the situation shown in the transaction advice and/or statement, and/or of any other errors therein. In the event that the Client does not inform the Custodian in writing of any exceptions or objections within sixty (60) days after the date of such transaction advice and/or statement, the Client shall be deemed to have approved such transaction advice and/or statement.