Common use of Dividends and Interest Clause in Contracts

Dividends and Interest. Any dividends paid on, distributions (including stock, if applicable) made on or interest paid with respect to the Collateral or other assets held in the Special Custody Account shall, when collected, be paid by Custodian to Customer or Customer's designee; provided, however, that upon Advice of Broker to Custodian that a Default, as defined in Section 5 hereof, has occurred (and so long as Broker shall not have sent an Advice to Custodian that such Default is no longer continuing), Custodian shall hold or release such dividends, distributions and interest in accordance with the other terms of this Agreement.

Dividends and Interest. Any dividends paid on, distributions (including stock, if applicable) made on or interest paid with respect to the Collateral or other assets held in the any Special Custody Account shall, when collected, be paid by Custodian to Customer or Customer's designee; provided, however, that upon Advice of Broker to Custodian that a Default, as defined in Section 5 hereof, has occurred and is continuing (and so long as Broker shall not have sent an Advice to Custodian that such Default is no longer continuing), Custodian shall hold or release such dividends, distributions and interest in accordance with the other terms of this Agreementthereof.