Common use of Capital Changes; Income Clause in Contracts

Capital Changes; Income. 9.1 Custodian may, without further instructions from the Trust, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization, or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received actual notice of the event permitting or requiring such exchange at its office designated in Paragraph 15 of this Agreement or at the office of its designated agents. 9.2 Custodian, or its designated agents, are authorized and shall use reasonable commercial efforts, as the Trust's agent, to surrender against payment maturing obligations and obligations called for redemption, and to collect and receive payments of interest, dividends, warrants, and other things of value in connection with Securities. Except as otherwise provided in Subparagraph 16.4 of this Agreement, Custodian or its designated agents shall not be obligated to enforce collection of any item by legal process or other means. 9.3 Custodian or its designated agents are authorized to sign for the Trust all declarations, affidavits, certificates, or other documents that may be required to collect or receive payments or distributions with respect to Securities. Custodian or its designated agents are authorized to disclose, without further consent of the Trust, the Trust's identity to issuers of Securities, or the agents of such issuers, who may request such disclosure.

Capital Changes; Income. 9.1 Custodian may, without further instructions from the TrustPrincipal or any Investment Manager, exchange temporary certificates and may surrender and exchange Securities for other securities in connection with any reorganization, recapitalization, or similar transaction in which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it has received actual notice of the event permitting or requiring such exchange at its office designated in Paragraph 15 of this Agreement or at the office of its designated agents. 9.2 Custodian, or its designated agents, are authorized and shall use reasonable commercial efforts, as the Trust's Principal’s agent, to surrender against payment maturing obligations and obligations called for redemption, and to collect and receive payments of interestinterest and principal, dividends, warrants, and other things of value in connection with Securities. Except as otherwise provided in Subparagraph 16.4 of this Agreement, Custodian or its designated agents shall not be obligated to enforce collection of any item by legal process or other means. 9.3 Custodian or its designated agents are authorized to sign for the Trust Principal all declarations, affidavits, certificates, or other documents that may be required to collect or receive payments or distributions with respect to Securities. Custodian or its designated agents are authorized to disclose, without further consent of the TrustPrincipal, the Trust's Principal’s identity to issuers of Securities, or the agents of such issuers, who may request such disclosure.