Common use of Actions not Required by Custodian Clause in Contracts

Actions not Required by Custodian. Without limiting the generality of the foregoing, the Custodian, acting in the capacity of Custodian hereunder, shall be under no obligation to inquire into, and shall not be liable for: 1.) The validity of the issue of any Securities purchased by or for the account of any Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2.) The legality of the sale of any Securities by or for the account of any Fund, or the propriety of the amount for which the same are sold; 3.) The legality of the issue or sale of any Shares of any Fund, or the sufficiency of the amount to be received therefor; 4.) The legality of the redemption of any Shares of any Fund, or the propriety of the amount to be paid therefor; 5.) The legality of the declaration or payment of any dividend by the Trust in respect of Shares of any Fund; 6.) The legality of any borrowing by the Trust on behalf of the Trust or any Fund, using Securities as collateral; 7.) Whether the Trust or a Fund is in compliance with the 1940 Act, the regulations thereunder, the provisions of the Trust's Declaration of Trust or by-laws, or its investment objectives and policies as then in effect. C.

Actions not Required by Custodian. Without limiting the generality of the foregoing, the Custodian, acting in the capacity of Custodian hereunder, shall be under no obligation to inquire into, and shall not be liable for: 1.) The validity of the issue of any Securities purchased by or for the account of any Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2.) The legality of the sale of any Securities by or for the account of any Fund, or the propriety of the amount for which the same are sold; 3.) The legality of the issue or sale of any Shares of any Fund, or the sufficiency of the amount to be received therefor; 4.) The legality of the redemption of any Shares of any Fund, or the propriety of the amount to be paid therefor; 5.) The legality of the declaration or payment of any dividend by the Trust in respect of Shares of any Fund; 6.) The legality of any borrowing by the Trust on behalf of the Trust or any Fund, using Securities as collateral; 7.) Whether the Trust or a Fund is in compliance with the 1940 Act, the regulations thereunder, the provisions of the Trust's Declaration of Trust charter documents or by-laws, or its investment objectives and policies as then in effect. VIII. C.

Actions not Required by Custodian. Without limiting the ---------------------------------- generality of the foregoing, the Custodian, acting in the capacity of Custodian hereunder, shall be under no obligation to inquire into, and shall not be liable for: 1.) The validity of the issue of any Securities purchased by or for the account of any Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2.) The legality of the sale of any Securities by or for the account of any Fund, or the propriety of the amount for which the same are sold; 3.) The legality of the issue or sale of any Shares of any Fund, or the sufficiency of the amount to be received therefor; 4.) The legality of the redemption of any Shares of any Fund, or the propriety of the amount to be paid therefor; 5.) The legality of the declaration or payment of any dividend by the Trust in respect of Shares of any Fund; 6.) The legality of any borrowing by the Trust on behalf of the Trust or any Fund, using Securities as collateral; 7.) Whether the Trust or a Fund is in compliance with the 1940 Act, the regulations thereunder, the provisions of the Trust's Declaration of Trust charter documents or by-laws, or its investment objectives and policies as then in effect. VIII. C.

Actions not Required by Custodian. Without limiting the generality of the foregoing, the Custodian, acting in the capacity of Custodian hereunder, shall be under no obligation to inquire into, and shall not be liable for: 1.) The validity of the issue of any Securities purchased by or for the account of any Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2.) The legality of the sale of any Securities by or for the account of any Fund, or the propriety of the amount for which the same are sold; 3.) The legality of the issue or sale of any Shares of any Fund, or the sufficiency of the amount to be received therefor; 4.) The legality of the redemption of any Shares of any Fund, or the propriety of the amount to be paid therefor; 5.) The legality of the declaration or payment of any dividend by the Trust in respect of Shares of any Fund; 6.) The legality of any borrowing by the Trust on behalf of the Trust or any Fund, using Securities as collateral; 7.) Whether the Trust or a Fund is in compliance with the 1940 Act, the regulations thereunder, the provisions of the Trust's Declaration of Trust or by-laws, or its investment objectives and policies as then in effect. C.as

Actions not Required by Custodian. Without limiting the generality of the foregoing, the Custodian, acting in the capacity of Custodian hereunder, shall be under no obligation to inquire into, and shall not be liable for: 1.) The validity of the issue of any Securities purchased by or for the account of any Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2.) The legality of the sale of any Securities by or for the account of any Fund, or the propriety of the amount for which the same are sold; 3.) The legality of the issue or sale of any Shares of any Fund, or the sufficiency of the amount to be received therefor; 4.) The legality of the redemption of any Shares of any Fund, or the propriety of the amount to be paid thereforthere for; 5.) The legality of the declaration or payment of any dividend by the Trust in respect of Shares of any Fund; 6.) The legality of any borrowing by the Trust on behalf of the Trust or any Fund, using Securities as collateral; 7.) Whether the Trust or a Fund is in compliance with the 1940 Act, the regulations thereunder, the provisions of the Trust's Declaration of Trust charter documents or by-laws, or its investment objectives and policies as then in effect. VIII. C.

Actions not Required by Custodian. Without limiting the generality of the foregoing, the Custodian, acting in the capacity of Custodian hereunder, shall be under no obligation to inquire into, and shall not be liable for: 1.) The validity of the issue of any Securities purchased by or for the account of any Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2.) The legality of the sale of any Securities by or for the account of any Fund, or the propriety of the amount for which the same are sold; 3.) The legality of the issue or sale of any Shares of any Fund, or the sufficiency of the amount to be received therefor; 4.) The legality of the redemption of any Shares of any Fund, or the propriety of the amount to be paid therefor; 5.) The legality of the declaration or payment of any dividend by the Trust in respect of Shares of any Fund; 6.) The legality of any borrowing by the Trust on behalf of the Trust or any Fund, using Securities as collateral; 7.) Whether the Trust or a Fund is in compliance with the 1940 Act, the regulations thereunder, the provisions of the Trust's Declaration of Trust charter documents or by-laws, or its investment objectives and policies as then in effect. C..

Actions not Required by Custodian. Without limiting the --------------------------------- generality of the foregoing, the Custodian, acting in the capacity of Custodian hereunder, shall be under no obligation to inquire into, and shall not be liable for: 1.) The validity of the issue of any Securities purchased by or for the account of any Fund, the legality of the purchase thereof, or the propriety of the amount paid therefor; 2.) The legality of the sale of any Securities by or for the account of any Fund, or the propriety of the amount for which the same are sold; 3.) The legality of the issue or sale of any Shares of any Fund, or the sufficiency of the amount to be received therefor; 4.) The legality of the redemption of any Shares of any Fund, or the propriety of the amount to be paid therefor; 5.) The legality of the declaration or payment of any dividend by the Trust in respect of Shares of any Fund; 6.) The legality of any borrowing by the Trust on behalf of the Trust or any Fund, using Securities as collateral; 7.) Whether the Trust or a Fund is in compliance with the 1940 Act, the regulations thereunder, the provisions of the Trust's Declaration of Trust charter documents or by-laws, or its investment objectives and policies as then in effect. VIII. C.