Common use of Appointment of Subcustodians; Use of Securities Depositories Clause in Contracts

Appointment of Subcustodians; Use of Securities Depositories. (a) X.X. Xxxxxx is authorized under this Agreement to act through and hold the Customer’s Financial Assets with Subcustodians. X.X. Xxxxxx will make available on its website a list of Subcustodians. X.X. Xxxxxx may modify the list of Subcustodians from time to time upon notice to the Customer. In addition, X.X. Xxxxxx and each Subcustodian may deposit Financial Assets with, and hold Financial Assets in any Securities Depository on such terms as such Securities Depository customarily operates, and the Customer will provide X.X. Xxxxxx with such documentation or acknowledgements that X.X. Xxxxxx may require to hold the Financial Assets in such Securities Depository. On the basis of such terms, a Securities Depository may have a security interest or lien over, or right of set-off in relation to the Financial Assets.

Appointment of Subcustodians; Use of Securities Depositories. (a) X.X. J.X. Xxxxxx is authorized under this Agreement to act through and hold the Customer’s Financial Assets with Subcustodians. X.X. J.X. Xxxxxx will make available on its website as contemplated by Section 3.5(a) (Electronic Access) a list of Subcustodians. X.X. J.X. Xxxxxx may modify the list of Subcustodians from time to time upon notice to the Customer. In addition, X.X. J.X. Xxxxxx and each Subcustodian may deposit Financial Assets with, and hold Financial Assets in any Securities Depository on such terms as such Securities Depository customarily operates, and the Customer will provide X.X. J.X. Xxxxxx with such documentation or acknowledgements that X.X. J.X. Xxxxxx may require to hold the Financial Assets in such Securities Depository. On the basis of such terms, a Securities Depository may have a security interest or lien over, or right of set-off in relation to the Financial Assets.

Appointment of Subcustodians; Use of Securities Depositories. (a) X.X. J.X. Xxxxxx is authorized under this Agreement to act through and hold the Customer’s 's Financial Assets with Subcustodians. X.X. J.X. Xxxxxx will make available on its website a list of Subcustodians. X.X. J.X. Xxxxxx may modify the list of Subcustodians from time to time upon notice to the Customer. In addition, X.X. J.X. Xxxxxx and each Subcustodian may deposit Financial Assets with, and hold Financial Assets in any Securities Depository on such terms as such Securities Depository customarily operates, and the Customer will provide X.X. J.X. Xxxxxx with such documentation or acknowledgements that X.X. J.X. Xxxxxx may require to hold the Financial Assets in such Securities Depository. On the basis of such terms, a Securities Depository may have a security interest or lien over, or right of set-off in relation to the Financial Assets.

Appointment of Subcustodians; Use of Securities Depositories. (a) X.X. J.X. Xxxxxx is authorized under this Agreement to act through and hold the Customer’s Financial Assets with Subcustodians. X.X. J.X. Xxxxxx will make available on its website a list of Subcustodians. X.X. J.X. Xxxxxx may modify the list of Subcustodians from time to time upon notice to the Customer. In addition, X.X. J.X. Xxxxxx and each Subcustodian may deposit Financial Assets with, and hold Financial Assets in any Securities Depository on such terms as such Securities Depository customarily operates, and the Customer will provide X.X. J.X. Xxxxxx with such documentation or acknowledgements that X.X. J.X. Xxxxxx may require to hold the Financial Assets in such Securities Depository. On the basis of such terms, a Securities Depository may have a security interest or lien over, or right of set-off in relation to the Financial Assets.