Common use of Authorized Depositories Clause in Contracts

Authorized Depositories. The Company authorizes the Bank, for any Property held hereunder, to use the services of any United States securities depository permitted to perform such services for registered investment companies and their custodians pursuant to Rule 17f-4 under the Act, including, but not limited to, the Depository Trust Company, Participants Trust Company and the Federal Reserve Book Entry System (each an "Authorized Depository"), in accordance with the provisions of this Section 6.

Appears in 12 contracts

Samples: Custody Agreement (Princor Bond Fund Inc), Custody Agreement (Princor Balanced Fund Inc /Ia/), Custody Agreement (Princor Growth Fund Inc)

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