Common use of Segregation of Assets; Nominee Name Clause in Contracts

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a Securities Account of the Customer belong to the Customer, for itself or on behalf of the Fund to which such Security Account relates, (except as otherwise may be agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretion: (i) to hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities in or deposit Securities with any Securities Depository; (iii) to hold Securities in omnibus accounts on a fungible basis and to accept delivery of Securities of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; and (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, or their respective nominees, such Financial Assets as are customarily held in registered form.

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a the Fund’s Securities Account of the Customer belong to the Customer, for itself or on behalf of the such Fund to which such Security Account relates, (except as otherwise may be agreed by ▇.▇. ▇▇▇▇▇▇ and the CustomerTrust). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ acting on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it Global Custody Agreement — JPMCB New York — General — July 2010 is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretion: (i) to hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities in or deposit Securities with any Securities Depository; (iii) to hold Securities in omnibus accounts on a fungible basis and to accept delivery of Securities of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; and (iv) to register in the name names of the Customereach Fund, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, or their respective nominees, such Financial Assets as are customarily held in registered form.

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a the Customer’s Securities Account of the Customer belong to the Customer, for itself whether held directly or on behalf of the Fund to which such Security Account relates, indirectly through Securities Depositories or Subcustodians (except as otherwise may be otherwise agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretionshall at all times and as applicable hold: (i) to hold in bearer form, Financial Assets by physical possession of the share certificates or other instruments representing such Financial Assets as to the extent such Financial Assets are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities Financial Assets in book-entry form or deposit Securities Financial Assets with any a Securities Depository;; or (iii) to hold Securities Financial Assets in omnibus accounts on a fungible basis and to accept delivery of Securities Financial Assets of the same class and denomination as those deposited with ▇by the Customer.▇. ▇▇▇▇▇▇ or its Subcustodian; and (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, Depository or their respective nominees, such Financial Assets as are customarily held in registered form, provided that ▇.▇. ▇▇▇▇▇▇ shall, on an ongoing basis, provide accurate information to the Customer and such other persons as the Customer may designate with respect to the registration status of the Customer’s Financial Assets.

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a the Customer’s Securities Account of the Customer belong to the Customer, for itself or on behalf of the Fund to which such Security Account relates, Customer (except as otherwise may be agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretion: (i) to hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities in or deposit Securities with any Securities Depository;; Global Custody Agreement - New York - General - May 2012 (iii) to hold Securities in omnibus accounts on a fungible basis and to accept delivery of Securities of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; and; (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, or their respective nominees, such Financial Assets as are customarily held in registered form; and (v) to decline to accept any asset or property which it deems to be unsuitable or inconsistent with its custodial operations provided it will notify the Customer as soon as reasonably practicable of such decision.

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a the Customer’s Securities Account of the Customer belong to the Customer, for itself or on behalf of the Fund to which such Security Account relates, Customer (except as otherwise may be agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian.. Global Custody Agreement – New York – General – May 2012 EXECUTION COPY (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretion: (i) to hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities in or deposit Securities with any Securities Depository; (iii) to hold Securities in omnibus accounts on a fungible basis and to accept delivery of Securities of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; and; (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, or their respective nominees, such Financial Assets as are customarily held in registered form; and (v) to decline to accept any asset or property which it deems to be unsuitable or inconsistent with its custodial operations.

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a the Customer’s Securities Account of the Customer belong to the Customer, for itself or on behalf of the Fund to which such Security Account relates, Customer (except as otherwise may be agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretion: (i) to hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities in or deposit Securities with any Securities Depository; (iii) to hold Securities in omnibus accounts on a fungible basis and to accept delivery of Securities of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; and; (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, or their respective nominees, such Financial Assets as are customarily held in registered form; and (v) to decline to accept any asset or property which it deems to be unsuitable or inconsistent with its custodial operations.

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a Securities Account of the Customer belong to the Customer, for itself or on behalf of the Fund to which such Security Account relates, (except as otherwise may be agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretion: (i) to hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities in or deposit Securities with any Securities Depository; (iii) to hold Securities in omnibus accounts on a fungible basis and to accept delivery of Securities of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; and (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, or their respective nominees, such Financial Assets as are customarily held in registered form.. Global Custody Agreement – JPMCB New York – General – July 2010

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a the Customer’s Securities Account of the Customer belong to the Customer, for itself or on behalf of the Fund to which such Security Account relates, Customer (except as otherwise may be agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretion:: Global Custody Agreement – New York – General – May 2012 (i) to hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities in or deposit Securities with any Securities Depository; (iii) to hold Securities in omnibus accounts on a fungible basis and to accept delivery of Securities of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; and; (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, or their respective nominees, such Financial Assets as are customarily held in registered form; and (v) to decline to accept any asset or property which it deems to be unsuitable or inconsistent with its custodial operations.

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a the Customer’s Securities Account of the Customer belong to the Customer, for itself or on behalf of the Fund to which such Security Account relates, Customer (except as otherwise may be otherwise agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. ▇.▇. ▇▇▇▇▇▇ will notify Customer promptly following ▇.▇. ▇▇▇▇▇▇ becoming aware of a Sub-Custodian that holds Customer’s Financial Assets failing to segregate customer assets from its proprietary assets. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretiondiscretion to: (i) to hold in bearer form, form such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities Financial Assets in or deposit Securities Financial Assets with any Securities Depository; (iii) to hold Securities Financial Assets in omnibus accounts on a fungible basis and to accept delivery of Securities Financial Assets of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; andby the Customer; (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, Depository or their respective nominees, such Financial Assets as are customarily held in registered form; and (v) decline to accept any asset or property which it deems to be unsuitable or inconsistent with its custodial operations.

Segregation of Assets; Nominee Name. (a) ▇.▇. ▇▇▇▇▇▇ will identify in its books that Financial Assets credited to a Customer’s Securities Account of the Customer belong to the Customer, for itself or on behalf of the Fund to which such Security Account relates, Customer (except as otherwise may be agreed by ▇.▇. ▇▇▇▇▇▇ and the Customer). (b) To the extent permitted by Applicable Law or market practice, ▇.▇. ▇▇▇▇▇▇ will require each Subcustodian to identify in its own books that Financial Assets held at such Subcustodian by ▇.▇. ▇▇▇▇▇▇ on behalf of its customers belong to customers of ▇.▇. ▇▇▇▇▇▇, such that it is readily apparent that the Financial Assets do not belong to ▇.▇. ▇▇▇▇▇▇ or the Subcustodian. (c) ▇.▇. ▇▇▇▇▇▇ is authorized, in its discretion:, (i) to hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to ▇.▇. ▇▇▇▇▇▇ or its Subcustodian in bearer form; (ii) to hold Securities in or deposit Securities with any Securities Depository; (iii) to hold Securities in omnibus accounts on a fungible basis and to accept delivery of Securities of the same class and denomination as those deposited with ▇.▇. ▇▇▇▇▇▇ or its Subcustodian; and; (iv) to register in the name of the Customer, ▇.▇. ▇▇▇▇▇▇, a Subcustodian, a Securities Depository, or their respective nominees, such Financial Assets as are customarily held in registered form.