Common use of Non-Discretionary Custodial Duties Clause in Contracts

Non-Discretionary Custodial Duties. Absent a contrary Instruction, Citi is authorized to carry out non-discretionary matters in connection with anything provided in this Agreement or any Instruction. Without limiting the authority of Citi with regard to non-discretionary matters, without further Instructions, Citi will: (i) in the Trust’s name or on its behalf, sign any documents relating to Shares or Securities which may be required (i) pursuant to an Instruction to obtain any Shares, Securities or Cash or (ii) by any tax or regulatory authority; (ii) receive and/or credit income, payments and distributions in respect of Shares or Securities; (iii) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates; and (iv) make any payment by debiting the Cash Account or any other designated account of the Trust with Citi as required to effect any Instruction.

Non-Discretionary Custodial Duties. Absent a contrary Instruction, Citi is authorized to carry out non-discretionary matters in connection with anything provided in this Agreement or any Instruction. Without limiting the authority of Citi with regard to non-discretionary matters, without further Instructions, Citi will: (i) in the Trust’s name or on its behalf, sign any documents relating to Shares or Securities which may be required (i) pursuant to an Instruction to obtain any Shares, Securities or Cash or (ii) by any tax or regulatory authority; (ii) receive and/or credit income, payments and distributions in respect of Shares or Securities; (iii) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates; andand ETF GCSA (iv) make any payment by debiting the Cash Account or any other designated account of the Trust with Citi as required to effect any Instruction.