Common use of Actions Prohibited by Applicable Law, Etc Clause in Contracts

Actions Prohibited by Applicable Law, Etc. In no event shall the Custodian incur liability hereunder if the Custodian or any Subcustodian or Securities System, or any subcustodian, Securities Depository or Clearing Agency utilized by any such Subcustodian, or any nominee of the Custodian or any Subcustodian (individually, a "Person") is prevented, forbidden or delayed from performing, or omits to perform, any act or thing which this Agreement provides shall be performed or omitted to be performed, by reason of: (i) any provision of any present or future law or regulation or order of the United States of America, or any state thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction (and the Custodian nor any other Person shall not be obligated to take any action contrary thereto); or (ii) any act of God or war or other similar circumstance beyond the control of the Custodian unless in each case, such delay or nonperformance is caused by the negligence, misfeasance or misconduct of the Custodian.

Appears in 44 contracts

Samples: Custodian Agreement (United Government Securities Fund Inc), Custodian Agreement (United Municipal Bond Fund Inc), Custodian Agreement (United High Income Fund Inc)

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Actions Prohibited by Applicable Law, Etc. In no event shall the Custodian incur liability hereunder if the Custodian or any Subcustodian or Securities System, or any subcustodian, Securities Depository securities depository or Clearing Agency securities system utilized by any such SubcustodianSubcustodian or the Custodian, or any nominee of the Custodian or any Subcustodian (individuallySubcustodian, a "Person") is prevented, forbidden or delayed from performing, or omits to perform, any act or thing which this Agreement provides shall be performed or omitted to be performed, by reason of: (i) any provision of any present or future law or regulation or order of the United States of America, or any state thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction (and the Custodian nor any other Person shall not be obligated to take any action contrary thereto)jurisdiction; or (ii) any act of God or war or action of any de facto or de jure government or other similar circumstance beyond the control of the Custodian unless Custodian, unless, in each case, such delay or nonperformance is caused by the negligence, misfeasance or misconduct of the Custodiansuch person.

Appears in 16 contracts

Samples: Custodian Agreement (Investors Fund Series), Custodian Agreement (Scudder Variable Life Investment Fund/Ma/), Custodian Agreement (Scudder New Europe Fund Inc)

Actions Prohibited by Applicable Law, Etc. In no event shall the Custodian incur liability hereunder if the Custodian or any Subcustodian or Securities System, or any subcustodian, Securities Depository securities depository or Clearing Agency securities system utilized by any such SubcustodianSubcustodian or the Custodian, or any nominee of the Custodian or any Subcustodian (individuallySubcustodian, a "Person") is prevented, forbidden or delayed from performing, or omits to perform, any act or thing which this Agreement provides shall be performed or omitted to be performed, by reason of: (i) any provision of any present or future law or regulation or order of the United States of America, or any state or D.C., Puerto Rico, etc. thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction (and the Custodian nor any other Person shall not be obligated to take any action contrary thereto)jurisdiction; or (ii) any act of God or war or action of any de facto or de jure government or other similar circumstance beyond the control of the Custodian unless Custodian, unless, in each case, such delay or nonperformance is caused by the negligence, misfeasance or misconduct of the Custodiansuch person.

Appears in 1 contract

Samples: Custodian Agreement (Aarp Growth Trust)

Actions Prohibited by Applicable Law, Etc. In no event shall the ------------------------------------------ Custodian incur liability hereunder if the Custodian or any Subcustodian or Securities System, or any subcustodian, Securities Depository securities depository or Clearing Agency securities system utilized by any such SubcustodianSubcustodian or the Custodian, or any nominee of the Custodian or any Subcustodian (individuallySubcustodian, a "Person") is prevented, forbidden or delayed from performing, or omits to perform, any act or thing which this Agreement provides shall be performed or omitted to be performed, by reason of: (i) any provision - of any present or future law or regulation or order of the United States of America, or any state thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction (and the Custodian nor any other Person shall not be obligated to take any action contrary thereto)jurisdiction; or (ii) any act -- of God or war or action of any de facto or de jure government or other similar circumstance beyond the control of the Custodian unless Custodian, unless, in each case, such delay or nonperformance is caused by the negligence, misfeasance or misconduct of the Custodiansuch person.

Appears in 1 contract

Samples: Custodian Agreement (Brazil Fund Inc)

Actions Prohibited by Applicable Law, Etc. In no event shall the Custodian incur liability hereunder if the Custodian or any Subcustodian SubCustodian or Securities System, or any subcustodiansubCustodian, Securities Depository securities depository or Clearing Agency securities system utilized by any such SubcustodianSubCustodian or the Custodian, or any nominee of the Custodian or any Subcustodian (individuallySubCustodian, a "Person") is prevented, forbidden or delayed from performing, or omits to perform, any act or thing which this Agreement provides shall be performed or omitted to be performed, by reason of: (i) any provision of any present or future law or regulation or order of the United States of America, or any state thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction (and the Custodian nor any other Person shall not be obligated to take any action contrary thereto)jurisdiction; or (ii) any act of God or war or action of any de facto or de jure government or other similar circumstance beyond the control of the Custodian unless Custodian, unless, in each case, such delay or nonperformance is caused by the negligence, misfeasance or misconduct of the Custodiansuch person.

Appears in 1 contract

Samples: Custodian Agreement (DWS Advisor Funds)

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Actions Prohibited by Applicable Law, Etc. In no event shall the Custodian incur liability hereunder if the Custodian or any Subcustodian or Securities System, or any subcustodian, Securities Depository or Clearing Agency utilized by any such Subcustodian, or any nominee of the Custodian or any Subcustodian (individually, a "Person") is prevented, forbidden or delayed from performing, or omits to perform, any act or thing which this Agreement provides shall be performed or omitted to be performed, by reason of: (i) any provision of any present or future law or regulation or order of the United States of America, or any state thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction (and the Custodian nor any other Person shall not be obligated to take any action contrary thereto); or (ii) any act of God or war or other similar circumstance beyond the control of the Custodian unless in each case, such delay or nonperformance is caused by the negligence, misfeasance or misconduct of the Custodian.by

Appears in 1 contract

Samples: Custodian Agreement (United Cash Management Inc)

Actions Prohibited by Applicable Law, Etc. In no event shall the Custodian incur liability hereunder if the Custodian or any Subcustodian or Securities System, or any subcustodian, Securities Depository securities depository or Clearing Agency securities system utilized by any such SubcustodianSubcustodian or the Custodian, or any nominee of the 28 Custodian or any Subcustodian (individuallySubcustodian, a "Person") is prevented, forbidden or delayed from performing, or omits to perform, any act or thing which this Agreement provides shall be performed or omitted to be performed, by reason of: (i) any provision of any present or future law or regulation or order of the United States of America, or any state thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction (and the Custodian nor any other Person shall not be obligated to take any action contrary thereto)jurisdiction; or (ii) any act of God or war or action of any de facto or de jure government or other similar circumstance beyond the control of the Custodian unless Custodian, unless, in each case, such delay or nonperformance is caused by the negligence, misfeasance or misconduct of the Custodiansuch person.

Appears in 1 contract

Samples: Custodian Agreement (Korea Fund Inc)

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