Common use of Registration of Securities and Physical Separation Clause in Contracts

Registration of Securities and Physical Separation. All Securities held for a Series which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, shall be held by the Bank in that form; all other Securities held for a Series may be registered in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time determine, or in the name of the Book-Entry System or the Depository of their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, it is understood by the parties that the action may be taken directly or in the case of book-entry Securities, through the appropriate depository. The Trust agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry System or the Depository, any Securities which it may hold for the account of a Series. The Bank (or its Sub-Custodians) shall hold all such Securities specifically allocated to a Series which are not held in the Book-Entry System or the Depository in a separate account for such Series in the name of such Series physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, shall be held by the Bank in that form; all other Securities held for a Series may be registered registered, in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time to time determine, or in the name of the Book-Entry System or the Depository of their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, Bank it is understood by the parties that the action may be taken directly or or, in the case of book-entry Securitiessecurities, through the appropriate depository. The Trust Fund agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry System or the Depository, any Securities which it may hold for the account of a Series. The Bank (or its Subsub-Custodianscustodians) shall hold all such Securities specifically allocated to a Series which are not held in the Book-Entry System or the Depository in a separate account for such Series series in the name of such Series physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, shall be held by the Bank in that form; all other Securities held for a Series may be registered registered, in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time to time determine, or in the name of the Book-Entry System or the Depository of their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, Bank it is understood by the parties that the action may be taken directly or in the case of book-entry Securitiessecurities, through the appropriate depository. The Trust Fund agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry System or the Depository, any and Securities which it may hold for the account of a Series. The Bank (or its Subsub-Custodianscustodians) shall hold all such Securities specifically allocated to a Series which are not held in the Book-Entry System or the Depository in a separate account for such Series series in the name of such Series physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, shall be held by the Bank in that form; all other Securities held for a Series may be registered in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time determine, or in the name of the Book-Entry System or the Depository of their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, it is understood by the parties that the action may be taken directly or in the case of book-entry Securities, through the appropriate depository. The Trust Company agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry System or the Depository, any Securities which it may hold for the account of a Series. The Bank (or its Sub-Custodians) shall hold all such Securities specifically allocated to a Series which are not held in the Book-Entry System or the Depository in a separate account for such Series in the name of such Series physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, shall be held by the Bank in that form; all other Securities held for a Series may be registered registered, in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time to time determine, or in the name of the Book-Entry System or the Depository of their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, Bank it is understood by the parties that the action may be taken directly or or, in the case of book-entry Securitiessecurities, through the appropriate depository. The Trust agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry System or the Depository, any Securities which it may hold for the account of a Series. The Bank (or its Subsub-Custodianscustodians) shall hold all such Securities specifically allocated to a Series which are not held in the Book-Entry System or the Depository in a separate account for such Series series in the name of such Series physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry BookEntry System, shall be held by the Bank in that form; all other Securities held for a Series may be registered in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time timetotime determine, or in the name of the Book-Entry BookEntry System or the Depository of their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, it is understood by the parties that the action may be taken directly or in the case of book-entry bookentry Securities, through the appropriate depository. The Trust Fund agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry BookEntry System or the Depository, any Securities which it may hold for the account of a Series. The Bank (or its Sub-CustodiansSubCustodians) shall hold all such Securities specifically allocated to a Series which are not held in the Book-Entry BookEntry System or the Depository in a separate account for such Series in the name of such Series physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry BookEntry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, shall be held by the Bank in that form; all other Securities held for a Series may be registered in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time determine, or in the name of the Book-Entry System or the Depository of their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, it is understood by the parties that the action may be taken directly or in the case of book-entry Securities, through the appropriate depository. The Trust agrees to furnish to the Bank appropriate instruments to enable the Bank the appropriate depository. The Trust agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Book- Entry System or the Depository, any Securities which it may hold for the account of a Series. The Bank (or its Sub-Custodians) shall hold all such Securities specifically allocated to a Series which are not held in the Book-Entry System or the Depository in a separate account for such Series in the name of such Series physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series Portfolio which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, shall be held by the Bank in that form; all other Securities held for a Series Portfolio may be registered in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time to time determine, or in the name of the Book-Entry System or the Depository of or their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, the Bank it is understood by the parties that the action may be taken directly or in the case of book-entry Securitiessecurities, through the appropriate depository. The Trust Fund agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry System or the Depository, any Securities which it may hold for the account of a SeriesPortfolio. The Bank (or its Subsub-Custodianscustodians) shall hold all such Securities specifically allocated to a Series Portfolio which are not held in the Book-Entry System or the Depository in a separate account for such Series Portfolio in the name of such Series Portfolio and physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, System shall be held by the Bank in that form; all other Securities held for a Series may be registered registered, in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time to time determine, or in the name of the Book-Entry System or the Depository of or their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, Bank it is understood by the parties that the action may be taken directly or in the case of book-entry Securitiessecurities, through the appropriate depositoryDepository. The Trust agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry System or the Depository, any Securities which it may hold for the account of a Series. The Bank (or its Subauthorized sub-Custodianscustodians) shall hold all such Securities specifically allocated to a Series which are not held in the Book-Entry System or the Depository in a separate account for such Series in the name of such Series physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.

Registration of Securities and Physical Separation. All Securities held for a Series Portfolio which are issued or issuable only in bearer form, except such Securities as are held in the Book-Entry System, shall be held by the Bank in that form; all other Securities held for a Series Portfolio may be registered in the name of any duly appointed registered nominee of the Bank as the Bank may from time-to-time to time determine, or in the name of the Book-Entry System or the Depository of or their successor or successors, or their nominee or nominees. When a reference is made in this Agreement to an action to be taken by Bank, Bank it is understood by the parties that the action may be taken directly or in the case of book-entry Securitiessecurities, through the appropriate depository. The Trust Fund agrees to furnish to the Bank appropriate instruments to enable the Bank to hold or deliver in proper form for transfer, or to register in the name of its registered nominee or in the name of the Book-Entry System or the Depository, any Securities which it may hold for the account of a SeriesPortfolio. The Bank (or its Subauthorized sub-Custodianscustodians) shall hold all such Securities specifically allocated to a Series Portfolio which are not held in the Book-Entry System or the Depository in a separate account for such Series Portfolio in the name of such Series Portfolio physically segregated at all times from those of any other person or persons. Where Securities purchased by a Series are in a fungible bulk of Securities registered in the name of the Bank (or its nominee) or shown on the Bank's account on the books of the Depository or the Book-Entry System, the Bank shall by book entry or otherwise identify the quantity of those Securities belonging to such Series.