Common use of Custody of Cash and Securities Clause in Contracts

Custody of Cash and Securities. 1. The Fund will deliver or cause to be delivered to the Custodian all securities and all moneys owned by it, including cash received for the issuance of its shares, at any time during the period of this Agreement. The Custodian will not be responsible for such securities and such moneys until actually received by it. The Fund shall instruct the Custodian from time to time in its sole discretion, by means of a certificate signed in the name of the Fund by two officers in accordance with the provisions of Article IX, or in connection with the purchase or sale of money market securities, by means of the oral instructions of an authorized person, as to the manner in which and in what amounts such securities and moneys are to be deposited on behalf of the Fund in the Book-Entry System or the depository, as each term is defined in Article IX; provided, however, that prior to the deposit of securities of the Fund in either the Book-Entry System or the depository, including a deposit in connection with the settlement of a purchase or sale, or a delivery of loan collateral, the Custodian shall have received a certified resolution of the Fund's Board of Directors specifically approving such deposits by the Custodian on behalf of the Fund in the Book-Entry System or the depository as the case may be. Securities and moneys of the Fund deposited in either the Book-Entry System or the depository, as the case may be, will be represented in accounts which include only assets held by the Custodian for its customers, in fiduciary or representative capacity.

Custody of Cash and Securities. 1. The Fund will deliver or cause to be delivered to the Custodian all securities and all moneys owned by it, including cash received for the issuance of its shares, at any time during the period of this Agreement. The Custodian will not be responsible for such securities and such moneys until actually received by it. The Fund shall instruct the Custodian from time to time in its sole discretion, by means of a certificate signed in the name of the Fund by two officers in accordance with the provisions of Article IX, or in connection with the purchase or sale of money market securities, by means of the oral instructions of an authorized person, as to the manner in which and in what amounts such securities and moneys are to be deposited on behalf of the Fund in the Book-Entry System or the depository, (as each term is defined in Article IX); provided, however, that prior to the deposit of securities of the Fund in either the Book-Entry System or the depository, including a deposit in connection with the settlement of a purchase or sale, or a delivery of loan collateral, the Custodian shall have received a certified resolution of the Fund's Board of Directors specifically approving such deposits by the Custodian on behalf of the Fund in the Book-Entry System or the depository as the case may be. Securities and moneys of the Fund deposited in either the Book-Entry System or the depository, as the case may be, will be represented in accounts which include only assets held by the Custodian for its customers, in fiduciary or representative capacity.

Custody of Cash and Securities. 1. The Fund will deliver or cause to be delivered to the Custodian all securities and all moneys owned by it, including cash received for the issuance of its shares, at any time during the period of this Agreement. The Custodian will not be responsible for such securities and such moneys until actually received by it. The Fund shall instruct the Custodian from time to time in its sole discretion, by means of a certificate signed in the name of the Fund by two officers in accordance with the provisions of Article IX, or in connection with the purchase or sale of money market securities, by means of the oral instructions of an authorized person, as to the manner in which and in what amounts such securities and moneys are to be deposited on behalf of the Fund in the Book-Entry System or the depository, as each term is defined in Article IX; provided, however, that prior to the deposit of securities of the Fund in either the Book-Entry System or the depository, including a deposit in connection with the settlement of a purchase or sale, or a delivery of loan collateral, the Custodian shall have received a certified resolution of the Fund's Board of Directors Trustees specifically approving such deposits by the Custodian on behalf of the Fund in the Book-Entry System or the depository as the case may be. Securities and moneys of the Fund deposited in either the Book-Entry System or the depository, as the case may be, will be represented in accounts which include only assets held by the Custodian for its customers, in fiduciary or representative capacity.