Common use of Other Acquisitions Clause in Contracts

Other Acquisitions. Owner authorizes Agent to act, and Agent agrees that it shall act for Owner from time to time, in the acceptance of the delivery from a fiduciary or a donor to the Owner of securities, cash or other property. Upon delivery to it of securities, cash or other property to be credited to Owner's account, whether as the result of a purchase or distribution of a bequest or gift, Agent shall promptly notify Owner and issue to it a receipt setting forth an accurate description of each item received, together with the face value thereof in the case of an evidence of indebtedness and the number of shares in the case of stock.

Other Acquisitions. Owner authorizes Agent to act, and Agent ------------------ agrees that it shall act for Owner from time to time, in the acceptance of the delivery from a fiduciary or a donor to the Owner of securities, cash or other property. Upon delivery to it of securities, cash or other property to be credited to Owner's account, whether as the result of a purchase or distribution of a bequest or gift, Agent shall promptly notify Owner and issue to it a receipt setting forth an accurate description of each item received, together with the face value thereof in the case of an evidence of indebtedness and the number of shares in the case of stock.