Common use of Voting and Other Clause in Contracts

Voting and Other. ACTION Custodian shall promptly deliver or mail to the Fund all forms of proxies and all notices of meetings relating to Securities held for the account of each Portfolio, and, upon receipt of proper instructions, shall execute and deliver such proxies or other authorizations as may be required. Neither Custodian nor its nominee shall vote any Securities or execute any proxy to vote the same or give any consent to take any other action with respect thereto (except as otherwise herein provided) unless directed to do so by the Fund on behalf of the Portfolio upon receipt of proper instructions.