Common use of Delivery of Securities and Evidence of Authority Clause in Contracts

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 and not otherwise, except for subparagraphs 5, 6, 7, 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 Instructions, proxies, consents, authorizations, and any other instruments whereby the authority of the Trust as owner of any Securities may be exercised;