Common use of Performance by the Bank Clause in Contracts

Performance by the Bank. (A) General ------- The Bank's performance of its duties hereunder and the day-to-day operations of the Custody Account shall be in accordance with written service standards furnished to, and accepted by the Fund in writing, by the Bank from time to time, provided that at all times the Bank shall use at least the due care expected of a professional custodian for hire in the performance of its duties. Such service standards, as amended from time to time, are incorporated herein by reference. (B) Receipt, Delivery and Disposal of Securities -------------------------------------------- The Bank shall, or shall instruct any other entity authorized to hold Property in accordance with Section 6 or 7 hereof to, receive or deliver Securities and credit or debit the Fund's account, in accordance with properly authorized Instructions from the Fund. The Bank or such entity shall also receive in custody all stock dividends, rights and similar securities issued in connection with Securities held hereunder, shall surrender for payment, in a timely manner, all items maturing or called for redemption and shall take such other action as the Fund may direct in properly authorized Instructions.