Common use of Proxies and Other Materials Clause in Contracts

Proxies and Other Materials. (a) Except as set forth in Section 7(b) below, or unless otherwise instructed by Customer, (i) Custodian shall promptly deliver to Customer all notices of meetings, proxy materials (other than proxies) and other announcements which it receives regarding securities held by it in each Securities Account, (ii) whenever Custodian or any of its agents receives a proxy with respect to securities in any Account, Custodian shall promptly request instructions from Customer on how such securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions; and (iii) if Customer timely informs Custodian that Customer wishes to vote any such securities in person, Custodian shall promptly seek to have a legal proxy covering such securities issued to Customer. Unless otherwise instructed by Customer, and subject to Section 7(b), neither Custodian nor any of its agents shall exercise any voting rights with respect to securities held in any Securities Account.

Proxies and Other Materials. (a) Except as set forth in Section 7(b) below, or unless otherwise instructed by Customer, (i) Custodian shall promptly deliver to Customer all notices of meetings, proxy materials (other than proxies) and other announcements which it receives regarding securities held by it in each Securities Account, (ii) whenever Custodian or any of its agents receives a proxy with respect to securities in any Account, Custodian shall promptly request instructions from Customer on how such securities are to be voted, and shall give such proxy, or cause it to be given, in accordance with such instructions; and (iii) if Customer timely informs Custodian that Customer wishes to vote any such securities in person, Custodian shall promptly seek to have a legal proxy covering such securities issued to Customer. Unless otherwise instructed by Customer, and subject to Section 7(b), neither Custodian nor any of its agents shall exercise any voting rights with respect to securities held in any Securities Account.. Negotiated by JG from JPMCB standard form dated Oct. 12, 2009