Common use of ACCESS TO CUSTODIAL ACCOUNT; REPORTS Clause in Contracts

ACCESS TO CUSTODIAL ACCOUNT; REPORTS. (a) The Custodian shall furnish the Company with a monthly activity statement and a summary of all transfers to or from a Company Custodial Account on the day following such transfers (as of the last day of the subject month). No later than the 3rd Business Day of each of July, October, January and April, the Custodian shall provide the Company and such other Persons as the Company shall request in writing with quarterly statements of the Assets and cash held in a Custodial Account as of the last Business Day of each of June, September, December and March, respectively. (b) Upon the request of the Company, the Custodian shall request on behalf of the Company information regarding or view-only access to one or more of the Bank Accounts and accounts held by any Sub-custodian for the Company, its Subsidiaries and such other Persons as the Company shall request. (c) The Custodian shall have no duty or obligation to undertake any market valuation of the Assets under any circumstance.

ACCESS TO CUSTODIAL ACCOUNT; REPORTS. (a) The Custodian shall furnish the Company with a monthly activity statement and a summary of all transfers to or from a Company Custodial Account on the day following such transfers (as of the last day of the subject month). No later than the 3rd Business Day of each of July, October, January and April, the Custodian shall provide the Company and such other Persons as the Company shall request in writing with quarterly statements of the Assets and cash held in a Custodial Account as of the last Business Day of each of June, September, December and March, respectively. (b) Upon the request of the Company, the Custodian shall request on behalf of the Company information regarding or view-only access to one or more of the Bank Accounts and accounts held by any Sub-custodian for the Company, its Subsidiaries Company and such other Persons as the Company shall request. (c) The Custodian shall have no duty or obligation to undertake any market valuation of the Assets under any circumstance.