Common use of Use of Securities System Clause in Contracts

Use of Securities System. With respect to Property in the Account(s) that is maintained by the Bank or any Subcustodian through a Securities System employed pursuant to Section 4: (a) The Bank shall, and the Subcustodian will be required by its agreement with the Bank to, identify on its books such Property as being maintained for the account of the Bank or Subcustodian for its clients. (b) Any Property maintained through a Securities System for the account of the Bank or a Subcustodian will be subject only to the instructions of the Bank or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for clients of the Bank, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Bank shall provide the Bank with any report obtained by the Bank or Subcustodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) that is maintained by the Bank or any Subcustodian through a Securities System employed pursuant to Section 4: (a) The Bank shall, and the Subcustodian will be required by its agreement with the Bank to, identify on its books such Property as being maintained for the account of the Bank or Subcustodian for its clients. (b) Any Property maintained through a Securities System for the account of the Bank or a Subcustodian will be subject only to the instructions of the Bank or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for clients of the Bank, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Bank shall provide the Bank Forum with any report obtained by the Bank or Subcustodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) that is maintained by the Bank or any Subcustodian through a Securities System employed pursuant to Section 4: (a) The Bank shall, and the Subcustodian will be required by its agreement with the Bank to, identify on its books such Property as being maintained for the account of the Bank or Subcustodian for its clientsForums. (b) Any Property maintained through a Securities System for the account of the Bank or a Subcustodian will be subject only to the instructions of the Bank or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for clients Forums of the BankBank or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Bank shall provide the Bank with any report obtained by the Bank or Subcustodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) that is Account maintained by the Bank Custodian or any Subcustodian through in the custody of a Securities System employed pursuant to Section 46: (a) The Bank shallwill, and the Subcustodian will be required by its agreement with the Bank to, identify on its books such Property as being maintained held for the account of the Bank or Subcustodian for its clientscustomers. (b) Any Property maintained through held in a Securities System for the account of the Bank or a Subcustodian will be subject only to the instructions of the Bank or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for clients customers of the BankBank or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Bank shall will provide the Bank Custodian with any report obtained by the Bank or Subcustodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.