Common use of Non-Discretionary Custodial Duties Clause in Contracts

Non-Discretionary Custodial Duties. Absent a contrary Instruction, the Custodian shall be permitted, and is hereby authorized and directed by Client to, and may authorize subcustodians or depositories to, carry out any of the following actions without any further Instructions or approval by or on behalf of Client: i. In the Client’s name or on its behalf, sign any affidavits, certificates of ownership and other certificates and documents relating to Assets which may be required (a) to obtain any Assets, or (b) by any tax or regulatory authority having jurisdiction over the Assets or the Custody Account; ii. Notify the Client of notices, circulars, reports and announcements that require discretionary action, in each case, which the Custodian has received in the course of acting in the capacity of custodian of any Assets held on the Client’s behalf; and iii. Attend to all non-discretionary matters in connection with anything provided in this Section 6.B or any Instruction.

Non-Discretionary Custodial Duties. Absent a contrary Instruction, the Custodian shall be permitted, and is hereby authorized and directed by Client to, and may authorize subcustodians or depositories to, carry out any of the following administrative non-discretionary actions without any further Instructions or approval by or on behalf of Client: : i. In the Client’s name or on its behalf, sign any affidavits, certificates of ownership and other certificates and documents relating to Assets which may be required to (a) to obtain any Assets, or (b) by any tax or regulatory authority having jurisdiction over the Assets or the Custody Account; ; ii. Notify the Client of notices, circulars, reports and announcements that require discretionary action, in each case, which the Custodian has received in the course of acting in the capacity of custodian of any Assets held on the Client’s behalf; and and iii. Attend to all administrative non-discretionary matters in connection with anything provided in this Section 6.B or any Instruction.

Non-Discretionary Custodial Duties. Absent a contrary Proper Instruction, the Custodian shall will be permitted, and is hereby authorized and directed by Client to, and may authorize subcustodians or depositories to, carry out any of the following actions without any further Proper Instructions or approval by or on behalf of Client: i. (a) In the Client’s name or on its behalf, sign any affidavits, certificates of ownership and other certificates and documents relating to Assets which may be required (ai) to obtain any Assets, or (bii) by any tax or regulatory authority having jurisdiction over the Assets or the Custody AccountAccount(s); ii. (b) Notify the Client of notices, circulars, reports and announcements that require discretionary action, in each case, which the Custodian has received in the course of acting in the capacity of custodian of any Assets held on the Client’s behalf; and iii. (c) Attend to all non-discretionary matters in connection with anything provided in this Section 6.B 6.2 or any Instruction.