Common use of Foreign Securities Systems Clause in Contracts

Foreign Securities Systems. Except as may otherwise be agreed upon in writing by the Custodian and a Fund, securities of the Fund shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, as listed on Part II of Schedule A, a “Foreign Securities System”).

Appears in 8 contracts

Sources: Master Custodian Agreement (VanEck Avalanche ETF), Master Custodian Agreement (VanEck Solana ETF), Master Custodian Agreement (VanEck BNB ETF)