Common use of Receipt of Securities Clause in Contracts

Receipt of Securities. Custodian shall hold in a separate account, and physically segregated at all times from those of any other persons, firms or corporations, pursuant to the provisions hereof, all securities received by it from or for the account of the Corporation. All such securities are to be held or disposed of by Custodian for, and subject at all times to the instructions of, the Corporation pursuant to the terms of this Agreement. The Custodian shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities and investments, except pursuant to the direction of the Corporation and only for the account of the Corporation as set forth in Section 5 of this Agreement.

Receipt of Securities. Custodian shall hold in a separate account, and physically segregated at all times from those of any other persons, firms or corporations, pursuant to the provisions hereof, all securities received by it from or for the account of the Corporation. All such securities are to be held or disposed of by Custodian for, and subject at all times to the instructions of, the Corporation pursuant to the terms of this the Agreement. The Custodian shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities and investments, except pursuant to the direction of the Corporation and only for the account of the Corporation as set forth in Section 5 of this Agreement.

Receipt of Securities. Custodian shall hold in a separate account, and physically segregated at all times from those of any other persons, firms or corporations, pursuant to the provisions hereof, all securities received by it from or for the account of any Series of the Corporation. All such securities are to be held or disposed of by Custodian for, and subject at all times to the instructions of, the Corporation pursuant to the terms of this Agreement. The Custodian shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities and investments, except pursuant to the direction of the Corporation and only for the account of the appropriate Series of the Corporation as set forth in Section 5 of this Agreement.

Receipt of Securities. Custodian shall hold in a separate account, and physically segregated at all times from those of any other persons, firms or corporations, pursuant to the provisions hereof, all securities received by it from or for the account of the Corporation. All such securities are to be held or disposed of by Custodian for, and subject at all times to the instructions of, the Corporation pursuant to the terms of this Agreement. The Custodian shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities and investments, except pursuant to the direction directive of the Corporation and only for the account of the Corporation as set forth in Section Sec. 5 of this Agreement.

Receipt of Securities. Custodian shall hold in a separate account, and physically segregated at all times from those of any other personsFund, firms person, firm or corporationscorporation, pursuant to the provisions hereof, all securities received by it from or for the account of the Corporationapplicable Fund. All such securities are to be held or disposed of by Custodian for, and subject at all times to the instructions of, the Corporation pursuant to the terms of this Agreement. The Custodian shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities and investments, except pursuant to the direction of the Corporation and only for the account of the Corporation appropriate Fund as set forth in Section 5 of this Agreement.