Common use of Delivery of Securities in General Clause in Contracts

Delivery of Securities in General. The Custodian and any sub-custodian may only release and deliver, and shall release and deliver, domestic Securities owned by a Client and held by the Custodian, held by a sub-custodian, held in a U.S. Securities System account or held in an account at the Underlying Transfer Agent in the circumstances set forth under Section I of Schedule B. The Custodian and any Foreign Sub- Custodian may only release and deliver, and shall release and deliver, foreign Securities owned by the Client and held by the Custodian, held by a Foreign Sub-Custodian or held in a Foreign Securities System account in the circumstances set forth under Section III of Schedule B.

Delivery of Securities in General. The Custodian and any sub-custodian may only release and deliver, and shall release and deliver, domestic Securities owned by a Client and held by the Custodian, held by a sub-custodian, held in a U.S. Securities System account or held in an account at the Underlying Transfer Agent in the circumstances set forth under Section I of Schedule B. The Custodian and any Foreign Sub- Sub-Custodian may only release and deliver, and shall release and deliver, foreign Securities owned by the Client and held by the Custodian, held by a Foreign Sub-Custodian or held in a Foreign Securities System account in the circumstances set forth under Section III of Schedule B.