Common use of Voting and Other Actions Clause in Contracts

Voting and Other Actions. Neither the Custodian nor any nominee of the Custodian shall vote any of the Securities held hereunder by or for the accounts of the Trust, except in accordance with instructions. The Custodian shall execute and deliver, or cause to be executed and delivered, to the appropriate investment advisor of each series of the Trust, all notices, proxies and proxy soliciting materials with relation to such Securities (excluding any Securities loaned and delivered by the Custodian pursuant to item (h) of Section 5 hereof), such proxies to be executed by the registered holder of such Securities (if registered otherwise than in the name of the Trust), but without indicating the manner in which such proxies are to be voted. Such proxies shall be delivered by regular mail to the appropriate investment advisor of each series of the Trust.