Composite Currency Units definition
Composite Currency Units means the European Currency Unit ("ECU"), the Special Drawing Right ("SDR") or another composite unit consisting of the aggregate of specified amounts of specified currencies, as such ECU, SDR or other unit may be constituted from time to time.
Composite Currency Units means the Euro or any other composite unit consisting of the aggregate of specified amounts of specified currencies, as such unit may be constituted from time to time.
Composite Currency Units means the European Currency Unit ("ECU"), the Special Drawing Right ("SDR") or another composite unit consisting of the aggregate of specified amounts of specified currencies, as such ECU, SDR or other unit may be constituted from time to time. "Morgan Affiliate" means any office or br▇▇▇▇ ▇f Morgan Guaranty Trust Company of New ▇▇▇▇ ("Morgan") and any other entity that di▇▇▇▇▇▇, or indirectly through one or more intermediaries, controls Morgan or that is controlled by or is ▇▇▇▇▇ common control with Morgan. "Securities Account" mean▇ ▇▇▇ securities account opened by the Custodian on its books in the name of the Client. "Securities Depository" means any securities depository, bookentry system or clearing system used by the Custodian from time to time in accordance with Section 4(e) hereof. "Security" means any share, stock, bond, debenture, note, certificate of indebtedness, warrant or other security or financial instrument acceptable to the Custodian (whether represented by a certificate or by a book-entry on the records of the issuer or other entity responsible for recording such book- entries) that is from time to time held for the account of the Client directly, or indirectly through a Subcustodian or Securities Depository, by the Custodian pursuant to this Agreement. "Security Procedure" means, for any specified method of communication, a procedure agreed upon in writing by the Custodian and the Client for the purpose of verifying that an Authorized Instruction given pursuant to such method of communication is that of the Client or detecting error in the transmission or the content of such Authorized Instruction. A Security Procedure may require the use of algorithms or other codes, identifying words or numbers, encryption, callback procedures, or similar security devices. "Subcustodian" means any bank or other institution (other than a Securities Depository) used by the Custodian to hold Securities from time to time in accordance with Section 4(e) hereof. 2 (a).