Holding Foreign Securities Sample Clauses

Holding Foreign Securities. (a) The Custodian shall identify on its books as belonging to the Portfolios the Foreign Securities held by each Foreign Sub-Custodian or Foreign Securities Depository. The Custodian may hold Foreign Securities for all of its customers, including the Portfolios, with any Foreign Sub-Custodian in an account that is identified as belonging to the Custodian for the benefit of its customers, provided however, that (i) the records of the Custodian with respect to Foreign Securities of the Portfolios which are maintained in such account shall identify those securities as belonging to the Portfolios and (ii), to the extent permitted and customary in the market in which the account is maintained, the Custodian shall require that securities so held by the Foreign Sub-Custodian be held separately from any assets of such Foreign Sub-Custodian or of other customers of such Foreign Sub-Custodian.
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Holding Foreign Securities. The Custodian shall identify on its books as belonging to a Series the foreign securities held by each Selected Foreign Custodian or Foreign Securities System. The Custodian may hold foreign securities for all of its customers, including the Series, with any Selected Foreign Custodian in an account that is identified as belonging to the Custodian for the benefit of its customers, provided, however, that (i) the records of the Custodian with respect to foreign securities of a Series which are maintained in such account shall identify those foreign securities as belonging to the Series, and (ii) to the extent permitted and customary in the market in which the account is maintained, the Custodian shall require that the foreign securities so held by the Selected Foreign Custodian be held separately from any assets of such Selected Foreign Custodian or of other customers of such Selected Foreign Custodian.
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Holding Foreign Securities. Section 3.4 of the Custodian Contract is hereby amended in its entirety as follows: "The Custodian may hold securities and other non-cash property for all of its customers, including the Portfolios of the Trust, with a foreign sub-custodian in a single account that is identified as belonging to the Custodian for the benefit of its customers, PROVIDED HOWEVER, that (i) the records of the Custodian with respect to securities and other non-cash property of the Portfolios which are maintained in such account shall identify by book-entry those securities and other non-cash property belonging to the Portfolios and (ii) the Custodian shall require that securities and other non-cash property so held by the foreign sub-custodian be held separately from any assets of the foreign sub-custodian or of others."
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Related to Holding Foreign Securities

  • REGISTRATION OF FOREIGN SECURITIES The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.