Common use of Segregation Clause in Contracts

Segregation. (i) To the extent reasonably practicable, the Custodian will hold Securities with a sub custodian only in an account which holds exclusively assets held by the Custodian for its customers. The Custodian will direct each sub custodian to identify on its books that Securities are held for the account of the Custodian as custodian for its customers. The Custodian will direct each sub custodian, to the extent practicable, to hold Securities in a Clearance System only in an account of the sub custodian which holds exclusively assets held by the sub custodian for its customers. (ii) Any Securities deposited by the Custodian with a sub custodian will be subject only to the instructions of the Custodian, and any Securities held in a Clearance System for the account of a sub custodian will be subject only to the instructions of the sub custodian. (iii) The Custodian shall require the sub custodian to agree that Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the sub custodian.

Segregation. (i) To the extent reasonably practicable, the Custodian will hold Securities with a sub custodian subcustodian only in an account which holds exclusively assets held by the Custodian for its customers. The Custodian will direct each sub custodian subcustodian to identify on its books that Securities are held for the account of the Custodian as custodian for its customers. The Custodian will direct each sub custodiansubcustodian, to the extent practicable, to hold Securities in a Clearance System only in an account of the sub custodian subcustodian which holds exclusively assets held by the sub custodian subcustodian for its customers. (ii) Any Securities deposited by the Custodian with a sub custodian subcustodian will be subject only to the instructions of the Custodian, and any Securities held in a Clearance System for the account of a sub custodian subcustodian will be subject only to the instructions of the sub custodiansubcustodian. (iii) The Custodian shall require the sub custodian subcustodian to agree that Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor favour of the sub custodiansubcustodian.

Segregation. (i) To the extent reasonably practicable, the Custodian will hold Securities with a sub custodian Subcustodian only in an account which holds exclusively assets held by the Custodian for its customers. The Custodian will direct each sub custodian Subcustodian to identify on its books that Securities are held for the account of the Custodian as custodian for its customers. The Custodian will direct each sub custodianSubcustodian, to the extent practicable, to hold Securities in a Clearance System only in an account of the sub custodian Subcustodian which holds exclusively assets held by the sub custodian Subcustodian for its customers. (ii) Any Securities deposited by the Custodian with a sub custodian Subcustodian will be subject only to the instructions of the Custodian, and any Securities held in a Clearance System for the account of a sub custodian Subcustodian will be subject only to the instructions of the sub custodianSubcustodian. (iii) The Custodian shall require the sub custodian Subcustodian to agree that Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor favour of the sub custodianSubcustodian.

Segregation. (i) To the extent reasonably practicable, the Custodian will hold Securities with a sub custodian subcustodian only in an account which holds exclusively assets held by the Custodian for its customers. The Custodian will direct each sub custodian subcustodian to identify on its books that Securities are held for the account of the Custodian as custodian for its customers. The Custodian will direct each sub custodiansubcustodian, to the extent practicable, to hold Securities in a Clearance System only in an account of the sub custodian subcustodian which holds exclusively assets held by the sub custodian subcustodian for its customers. (ii) Any Securities deposited by the Custodian with a sub custodian subcustodian will be subject only to the instructions of the Custodian, and any Securities held in a Clearance System for the account of a sub custodian subcustodian will be subject only to the instructions of the sub custodiansubcustodian. (iii) The Custodian shall require the sub custodian subcustodian to agree that Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor favour ofany party other than the Custodian for its customers or as otherwise required by the rules or regulations of the sub custodianany Clearance System.

Segregation. (i) To the extent reasonably practicable, the Custodian will hold Securities with a sub custodian subcustodian only in an account which holds exclusively assets held by the Custodian for its customers. The Custodian will direct each sub custodian subcustodian to identify on its books that Securities are held for the account of the Custodian as custodian for its customers. The Custodian will direct each sub custodiansubcustodian, to the extent practicable, to hold Securities in a Clearance System only in an account of the sub custodian subcustodian which holds exclusively assets held by the sub custodian subcustodian for its customers. (ii) Any Securities Seq_J.ITities deposited by the Custodian with a sub custodian subcustodian will be subject only to the instructions of the Custodian, and any Securities held in a Clearance System for the account of a sub custodian subcustodian will be subject only to the instructions of the sub custodiansubcustodian. (iii) The Custodian shall require the sub custodian subcustodian to agree that Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor favour of the sub custodiansubcustodian.

Segregation. (i) To the extent reasonably practicable, the Custodian will hold Securities with a sub custodian subcustodian only in an account which holds exclusively assets held by the Custodian for its customers. The Custodian will direct each sub custodian subcustodian to identify on its books that Securities are held for the account of the Custodian as custodian for its customers. The Custodian will direct each sub custodiansubcustodian, to the extent practicable, to hold Securities in a Clearance System only in an account of the sub custodian subcustodian which holds exclusively assets held by the sub custodian subcustodian for its customers. (ii) . Any Securities deposited by the Custodian with a sub custodian subcustodian will be subject only to the instructions of the Custodian, and any Securities held in a Clearance System for the account of a sub custodian subcustodian will be subject only to the instructions of the sub custodian. (iii) subcustodian. The Custodian shall require the sub custodian subcustodian to agree that Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor favour of the sub custodiansubcustodian.