Common use of REPORTING OF CERTAIN MATTERS Clause in Contracts

REPORTING OF CERTAIN MATTERS. Custodian shall promptly deliver to Client upon receipt all written information (including, without limitation, pendency of calls and maturities of Securities and expirations of rights in connection therewith, calls for voting or the exercise of rights or other specific action intended to be transmitted to holders of the Securities, proxy statements, proxy forms, prospectuses and other corporate reports) received from issuers of, or otherwise in respect of, the Securities held under this Agreement. With respect to tender or exchange offers, Custodian shall promptly deliver to Client upon receipt all written information received from issuers of the Securities whose tender or exchange is sought and from the party (or the party's agents) making the tender or exchange offer. If Client desires to take action with respect to any tender offer, exchange offer or other similar transaction, Client will so instruct Custodian (i) as to Securities held in the United States, one (1) day prior to the date on which such action is due; and (ii) as to Securities held outside the United States, two (2) day prior to the day by which Custodian must provide instructions to any Sub-Custodian; provided, however, that in the event special requirements applicable to any such transaction require earlier delivery of instructions from Client, Custodian shall notify Client thereof and Client shall provide instructions to Custodian in sufficient time to provide Custodian a reasonable time to act thereon.

REPORTING OF CERTAIN MATTERS. Custodian shall promptly deliver to Client upon receipt all written information (including, without limitation, pendency of calls and maturities of Securities and expirations of rights in connection therewith, calls for voting or the exercise of rights or other specific action intended to be transmitted to holders of the Securities, proxy statements, proxy forms, prospectuses and other corporate reports) received from issuers of, or otherwise in respect of, the Securities held under this Agreement. With respect to tender or exchange offers, Custodian shall promptly deliver to Client upon receipt all written information received from issuers of the Securities whose tender or exchange is sought and from the party (or the party's agents) making the tender or exchange offer. If Client desires to take action with respect to any tender offer, exchange offer off~r or other similar transaction, Client will so instruct Custodian (iI) as to Securities held in the United States, one (1) day prior to the date on which such action is due; and (ii) as to Securities held outside the United States, two (2) day prior to the day by which Custodian must provide instructions to any a~y Sub-Custodian; provided, however, that in the event special requirements applicable to any such transaction require earlier delivery of instructions from Client, Custodian shall notify Client thereof and Client shall provide instructions to Custodian in sufficient time to provide Custodian a reasonable time to act thereon.