Common use of Street Name Clause in Contracts

Street Name. Client may direct Custodian to maintain or cause a Sub-Custodian to maintain Securities in so-called "street name"; provided, however, that notwithstanding anything herein to the contrary, Custodian and any such Sub-Custodian shall be obligated only to utilize best efforts to timely collect income due to Client on such Securities and to notify Client of relevant corporate actions, including, without limitation, pendency of calls, maturities, and tender and exchange offers.

Street Name. Client may direct Custodian to maintain or cause a Sub-Custodian to maintain Securities in so-called "street name"; provided, however, that notwithstanding anything herein to the contrary, Custodian and any such Sub-Custodian custodian shall be obligated only to utilize best efforts to timely collect income due to Client on such Securities and to notify nod Client of relevant corporate actions, including, without limitation, pendency of calls, maturities, and tender and exchange offers.