Common use of Use of Clearing Organizations Clause in Contracts

Use of Clearing Organizations. The Lender hereby authorizes the Bank on a continuous and on-going basis, to deposit in the appropriate Clearing Organizations all Non-U.S. Securities eligible for deposit therein and to utilize the Clearing Organizations to the extent possible in connection with its receipt and delivery of Non-U.S. Securities, Non-U.S. Collateral, Approved Non-U.S. Investments and monies pursuant to this Supplement. Where Non-U.S. Securities, Non-U.S. Collateral and Approved Non-U.S. Investments eligible for deposit in a Clearing Organization are transferred to the Account, the Bank shall identify as belonging to the Lender a quantity of securities in a fungible bulk of securities shown on the Bank's account on the books of the appropriate Clearing Organization. Non-U.S. Securities, Non-U.S. Collateral and Approved Non-U.S. Investments deposited in a Clearing Organization will be represented in accounts which include only assets held by the Bank for customers, including but not limited to accounts in which the Bank acts in a fiduciary or agency capacity.

Use of Clearing Organizations. The Lender hereby authorizes the Bank on a continuous and on-going basis, to deposit in the appropriate Clearing Organizations all Non-U.S. Securities eligible for deposit therein and to utilize the Clearing Organizations to the extent possible in connection with its receipt and delivery of Non-U.S. Securities, Non-U.S. Collateral, Approved Non-U.S. Investments and monies pursuant to this Supplement. Where Non-U.S. Securities, Non-U.S. Collateral and Approved Non-Non- U.S. Investments eligible for deposit in a Clearing Organization are transferred to the Account, the Bank shall identify as belonging to the Lender a quantity of securities in a fungible bulk of securities shown on the Bank's account on the books of the appropriate Clearing Organization. Non-U.S. Securities, Non-U.S. Collateral and Approved Non-U.S. Investments deposited in a Clearing Organization will be represented in accounts which include only assets held by the Bank for customers, including but not limited to accounts in which the Bank acts in a fiduciary or agency capacity.

Use of Clearing Organizations. The Lender hereby authorizes the Bank on a continuous and on-going basis, to deposit in the appropriate Clearing Organizations all Non-U.S. Securities eligible for deposit therein and to utilize the Clearing Organizations to the extent possible in connection with its receipt and delivery of Non-U.S. Securities, Non-U.S. Collateral, Approved Non-U.S. Investments and monies pursuant to this Supplement. Where Non-U.S. Securities, Non-U.S. Collateral and Approved Non-U.S. U.S, Investments eligible for deposit in a Clearing Organization are transferred to the Account, the Bank shall identify as belonging to the Lender a quantity of securities in a fungible bulk of securities shown on the Bank's ’s account on the books of the appropriate Clearing Organization. Non-U.S. Securities, Non-U.S. Collateral and Approved Non-U.S. Investments deposited in a Clearing Organization will be represented in accounts which include only assets held by the Bank for customers, including but not limited to accounts in which the Bank acts in a fiduciary or agency capacity.