Delivery of Securities and Evidence of Authority Sample Clauses
The "Delivery of Securities and Evidence of Authority" clause sets out the requirements for transferring securities and verifying the authority of the parties involved in the transaction. Typically, it specifies the manner, timing, and documentation needed for the delivery of securities, such as physical certificates or electronic transfers, and may require parties to provide proof of their legal capacity to act, like corporate resolutions or powers of attorney. This clause ensures that the transfer process is secure and that all parties have the proper authority, thereby reducing the risk of unauthorized or invalid transactions.
Delivery of Securities and Evidence of Authority. Upon receipt of an Instruction, the Custodian, directly or through the use of the Book-Entry System or a Depository, shall, or shall instruct the relevant Sub-Custodian to:
1. Execute and deliver or cause to be executed and delivered to such persons as may be designated in such Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of the Fund as owner of any Securities may be exercised;
2. Deliver or cause to be delivered any Securities held for a Portfolio in exchange for other Securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
3. Deliver or cause to be delivered any Securities held for a Portfolio to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation or recapitalization or sale of assets of any corporation, and receive and hold under the terms of this Agreement in the separate account for each such Portfolio certificates of deposit, interim receipts or other instruments or documents as may be issued to it to evidence such delivery;
4. Make or cause to be made such transfers or exchanges of the assets specifically allocated to the separate account of a Portfolio and take such other steps as shall be stated in Written Instructions to be for the purpose of effectuating any duly authorized plan of liquidation, reorganization, merger, consolidation or recapitalization of the Fund;
5. Deliver Securities upon sale of such Securities for the account of a Portfolio pursuant to Section 7;
6. Deliver Securities upon the receipt of payment in connection with any repurchase agreement related to such Securities entered into on behalf of a Portfolio;
7. Deliver Securities of a Portfolio to the issuer thereof or its agent when such Securities are called, redeemed, retired or otherwise become payable; provided, however, that in any such case the cash or other consideration is to be delivered to the Custodian or Sub-Custodian, as the case may be;
8. Deliver Securities for delivery in connection with any loans of securities made by a Portfolio but only against receipt of adequate collateral as agreed upon from time to time by the Custodian and the Fund which may be in the form of cash or obligations issued by the United States Government, its agencies or instrumentalities;
9. Deliver Securi...
Delivery of Securities and Evidence of Authority. Upon receipt of Written Instructions and not otherwise, except for Subparagraphs 5, 6, 7, and 8 which nay be effected by Oral or Written Instructions, the Custodian, directly or through the use of the Book-Entry System or the Depository, shall:
(1) execute and deliver or cause to be executed and delivered to such persons as may be designated in such Written Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of the Fund as owner of any Securities may be exercised.
(2) deliver or cause to be delivered any Securities held for the Fund in exchange for other securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, merger, consolidation, or recapitalization of any corporation, or the exercise of any conversion privilege;
(3) deliver or-cause to be delivered any Securities held for the Fund to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation, recapitalization, or sale of assets of any corporation, and receive and hold under the terms of this Agreement in the separate account for the Fund such certificates of deposit, interim receipts, or other instruments or documents as may be issued to it to evidence such delivery;
(4) make or cause to be made such transfers or exchanges of the assets specifically allocated to the separate account of the Fund and take such other steps as shall be stated in said Written Instructions to be for the purpose of effectuating any duly authorized plan of liquidation, reorganization, merger, consolidation, or recapitalization of the Fund;
(5) deliver Securities owned by the Fund upon sale of such Securities for the account of the Fund pursuant to Section 5;
(6) deliver Securities owned by the Fund upon the receipt of payment in connection with any repurchase agreement related to such securities entered into by the Fund;
(7) deliver Securities owned by the Fund to the issuer thereof its agent when such Securities are called, redeemed, retired, or otherwise become payable; provided, however, that in any such case the cash or other consideration is to be delivered to the Custodian. Notwithstanding the foregoing, the Custodian shall have no responsibility to the Fund for monitoring or ascertaining of any call, redemption, or retirement date with respect to put bonds which are owned by the Fund and held by the Custodian or its nominee. Nor shall the Custodian have ...
Delivery of Securities and Evidence of Authority. Upon receipt of an Instruction, the Custodian, directly or through the use of the Book-Entry System or a Depository, shall, or shall instruct the relevant Sub-Custodian to:
Delivery of Securities and Evidence of Authority. Upon receipt of Written Instructions, the Bank shall:
Delivery of Securities and Evidence of Authority. Upon receipt of Written Instructions and not otherwise, except for subparagraphs 5, 6, 7, and 8 which may be effected by Oral Instructions and confirmed by Written Instructions or Written Instructions, the Custodian, directly or through the use of the Book-Entry System or the Depository, shall:
1. Execute and deliver or cause to be executed and delivered to such persons as may be designated in such Written Instruction proxies, consents, authorizations, and any other instruments whereby the authority of the Trust as owner of any Securities may be exercised;
Delivery of Securities and Evidence of Authority. Upon receipt of Written Instructions, the Bank shall:
4.6.1 Execute and deliver or cause to be executed and delivered to such persons as may be designated in such Written Instructions, proxies, consents, authorization, and any other instruments whereby the authority of the Fund as owner of any Securities may be exercised;
4.6.2 Deliver or cause to be delivered any Securities held for a Series in exchange for other Securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
4.6.3 Deliver or cause to be delivered any Securities held for a Series to any protective committee, reorganization committee or other person in connection with the reorganization, refinancing, merger, consolidation or recapitalization or sale of assets of any corporation, and receive and hold under the terms of this Agreement in the separate (bookkeeping)
Delivery of Securities and Evidence of Authority. Upon receipt of Written Instructions, the Bank shall:
4.6.1 Execute and deliver or cause to be executed and delivered to such persons as may be designated in such Written Instructions, proxies, consents, authorization, and any other instruments whereby the authority of the Trust as owner of any Securities may be exercised;
4.6.2 Deliver or cause to be delivered any Securities held for a Series in exchange for other Securities or cash issued or paid in connection with the liquidation, reorganization, refinancing, merger, consolidation or recapitalization of any corporation, or the exercise of any conversion privilege;
Delivery of Securities and Evidence of Authority. Upon receipt of Written Instructions and not otherwise, except for subparagraphs 5, 6, 7, and 8 which may be effected by Oral or Written Instructions, the Custodian shall:
Delivery of Securities and Evidence of Authority. Upon receipt of an Instruction, the Custodian, directly or through the use of the Book-Entry System or a Depository, shall, or shall instruct the relevant Sub-Custodian to:
1. Execute and deliver or cause to be executed and delivered to such persons as may be designated in such Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of the Fund as owner of any Securities may be exercised or any notices to the beneficial owner of Securities or other portfolio instruments;
Delivery of Securities and Evidence of Authority. Upon receipt of Written Instructions and not otherwise, except for subparagraphs 5, 6, 7, and 8 which may be effected by Oral or Written Instructions, the Custodian, directly or through the use of the Book-Entry System or the Depository, shall:
1. Execute and deliver or cause to be executed and delivered to such persons as may be designated in such Written Instructions proxies, consents, authorizations, and any other instruments whereby the authority of the Trust as owner of any Securities may be exercised;
2. Deliver or cause to be delivered any Securities held for the Trust in exchange for other Securities or cash issued or paid in connection with the liquidation, reorganization, refinancing,