Common use of Use of Securities System Clause in Contracts

Use of Securities System. With respect to Property in the Account(s) which are maintained by the Custodian or any Subcustodian in the custody of a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) Account which are is maintained by the Custodian or any Subcustodian in the custody of through a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will shall be required by its agreement with the Custodian to, identify on its books such Property as being held maintained for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in maintained through a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are that is maintained by the Custodian or any Subcustodian in the custody of through a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held maintained for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in maintained through a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian or Subcustodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) Account which are maintained by the Custodian or any Subcustodian in the custody of a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are that is maintained by the Custodian or any Subcustodian in the custody of through a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held maintained for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in maintained through a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are is maintained by the Custodian or any Subcustodian in the custody of through a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held maintained for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in maintained through a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are is maintained by the Custodian or any Subcustodian in the custody of through a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held maintained for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in maintained through a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, regulation or regulationlocal market practice. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) Account which are is maintained by the Custodian or any Subcustodian in the custody of a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are maintained by the Custodian or any Subcustodian in the custody of a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian or Subcustodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System. (e) The Custodian shall send the Customer a confirmation of every transfer to or from the Account.

Use of Securities System. With respect to Property in the Account(s) which are maintained by the Custodian or any Subcustodian in the custody of a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or of Subcustodian, as the case may be, unless precluded by applicable law, rule, rule or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) Account which are is maintained by the Custodian or any Subcustodian in the custody of through a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will shall be required by its agreement with the Custodian to, identify on its books such Property as being held maintained for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in maintained through a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for - 4 - safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are that is maintained by the Custodian or any -------------------------- Subcustodian in the custody of through a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held maintained for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in maintained through a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are maintained by the Custodian or any Subcustodian in the custody of a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement assignment with the Custodian to, identify on its books such Property as being held for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are is maintained by the Custodian or any Subcustodian in the custody of through a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held maintained for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in maintained through a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation, in which case the Custodian will notify the Customer. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(s) which are maintained by the Custodian or any Subcustodian in the custody of a Securities System employed pursuant to Section 43: (a) The Custodian shall, and the Subcustodian will be required by its agreement with the Custodian to, identify on its books such Property as being held for the account of the Custodian or Subcustodian for its customers. (b) Any Property held in a Securities System for the account of the Custodian or a Subcustodian will be subject only to the instructions of the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account holding only assets for customers of the Custodian or Subcustodian, as the case may be, unless precluded by applicable law, rule, or regulation. (d) The Custodian shall provide the Customer with any report obtained by the Custodian on the Securities System's accounting system, internal accounting control controls and procedures for safeguarding securities deposited in the Securities System.

Use of Securities System. With respect to Property in the Account(stheAccount(s) which are maintained by the Custodian or any Subcustodian in Subcustodianin the custody of a Securities System employed pursuant to Section 4: (a) The Custodian shall, and the Subcustodian will be required by its agreement itsagreement with the Custodian to, identify on its books such Property as Propertyas being held for the account of the Custodian or Subcustodian for its customersitscustomers. (b) Any Property held in a Securities System for the account of the Custodian theCustodian or a Subcustodian will be subject only to the instructions of instructionsof the Custodian or such Subcustodian, as the case may be. (c) Property deposited with a Securities System will be maintained in an account anaccount holding only assets for customers of the Custodian or SubcustodianorSubcustodian, as the case may be, unless precluded by applicable law, ,rule, or regulation. (d) The Custodian shall provide the Customer Trust with any report obtained by the bythe Custodian on the Securities System's accounting system, internal accounting internalaccounting control and procedures for safeguarding securities deposited securitiesdeposited in the Securities System.