Common use of CENTRAL CERTIFICATE SERVICE Clause in Contracts

CENTRAL CERTIFICATE SERVICE. Subject to such rules, regulations, and orders as ------- ----------- ------- the Securities and Exchange Commission may adopt as necessary or appropriate for the protection of investors, the Trust's Custodian may deposit all or any part of the securities owned by the Trust in a system for the central handling of securities established by a national securities exchange or national securities association registered with the Commission under the Securities Exchange Act of 1934, or such other person as may be permitted by the Commission, pursuant to which system all securities of any particular class or series of any issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of such securities. [ Investment Company Act, Section 17(f) ]