11A. 2 The foreign custody arrangements are governed by a written contract that the Sub-Custodian has determined will provide reasonable care for the Fund's assets based on those factors set forth in clauses (i) through (iv) of subparagraph (c)(1) of Rule 17f-5, which contract shall include the provisions required by clause (i) of subparagraph (c)(2) of Rule 17f-5, or in lieu of any or all of such provisions, the contract may contain such other provisions that the Sub-Custodian determines will provide, in their entirety, the same or a greater level of care and protection for the Fund's assets as the provisions set forth in such clause, in their entirety.
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Samples: Custodian Agreement (Putnam Europe Growth Fund), Custodian Agreement (Putnam Municipal Income Fund), Custodian Agreement (Putnam High Yield Trust Fund)
11A. 2 The foreign custody arrangements are governed by a written contract that the Sub-Custodian has determined will provide reasonable care for the Fund's ’s assets based on those factors set forth in clauses (i) through (iv) of subparagraph (c)(1) of Rule 17f-5, which contract shall include the provisions required by clause (i) of subparagraph (c)(2) of Rule 17f-5, or in lieu of any or all of such provisions, the contract may contain such other provisions that the Sub-Custodian determines will provide, in their entirety, the same or a greater level of care and protection for the Fund's assets as the provisions set forth in such clause, in their entirety.
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