Agents and Subcustodians Clause Samples
Agents and Subcustodians. The Bank may employ agents in the performance of its duties hereunder and shall be responsible for the acts and omissions of such agents as if performed by the Bank hereunder. Upon receipt of Proper Instructions, the Bank may employ subcustodians in accordance with such instructions, provided that any such subcustodian meets at least the minimum qualifications required by Section 17(f) of the Act to act as a custodian of any Portfolio of the Trust's assets, and provided further that the Bank shall have no more or less responsibility to any Portfolio of the Trust on account of any actions or omissions of any subcustodian so employed than any such subcustodian has to the Bank, provided that the liability limitations have been disclosed to the Trust. At the election of the Trust, it shall be entitled to be subrogated to the rights of the Bank with respect to any claims against a subcustodian as a consequence of any such loss, damage, cost, expense, liability or claim if and to the extent that any Portfolio or the Trust has not been made whole for any such loss, damage, cost, expense, liability or claim. The affected Portfolio(s) of the Trust shall pay all appropriately apportioned fees and expenses of any subcustodian.
Agents and Subcustodians. Prime Broker may execute any of its duties and exercise any of its rights under any Contract by or through agents (including affiliates) or employees, including arrangements pursuant to which certain of Customer’s securities may be held by subcustodians, banks, financial institutions, clearing organizations and depositories inside or outside the United States. Prime Broker shall use reasonable care to select and appoint agents and shall not be liable for the acts or omissions of any such agent except the acts and omissions of the BofAML Entities.
Agents and Subcustodians. ML Pro may execute any of its duties and exercise any of its rights under any Contract by or through agents (including affiliates) or employees, including arrangements pursuant to which certain of Customer’s securities may be held by subcustodians, banks, financial institutions, clearing organizations and depositories inside or outside the United States. ML Pro shall use reasonable care to select and appoint agents and shall not be liable for the acts or omissions of any such agent except the acts and omissions of the BofAML Entities.
Agents and Subcustodians. 17 13.3 Duties of the Bank with Respect to Property Held Outside of the United States................. 18 13.4 Insurance........................................... 21 13.5 Fees and Expenses of Bank........................... 21 13.6 Advances by Bank................................... 21 14. Termination........................................................ 22 15. Confidentiality.................................................... 22 16. Notices............................................................ 23
Agents and Subcustodians. The Bank may employ agents in the performance of its duties hereunder and shall be responsible for the acts and omissions of such agents as if performed by the Bank hereunder. Upon receipt of Proper Instructions, the Bank may employ subcustodians with respect to domestic Portfolio Securities, provided that any such subcustodian meets at least the minimum qualifications required by Section 17(f)(1) of the Act to act as a custodian of the Fund's assets. Provided the Bank has received a certified copy of a resolution of the Board specifically approving the appointment of an Eligible Foreign Custodian and the depositing of Portfolio Securities which are Foreign Securities therewith and the Bank has not received an Officer's Certificate indicating that such approval has been withdrawn, the Bank may deposit such Foreign Securities and cash with such Eligible Foreign Custodian, as a subcustodian hereunder, in accordance with Schedule A hereto. The Bank shall have the same liability to the Fund on account of any actions or omissions of any sub-custodian so employed as any such sub-custodian has to the Bank. The Fund shall indemnify the Bank and hold it harmless from and against any and all actions, suits and claims, arising directly or indirectly out of the performance of any subcustodian. Upon request of the Bank, the Fund shall assume the entire defense of any action, suit, or claim subject to the foregoing indemnity. The Fund shall pay all fees and expenses of any subcustodian. The Bank shall use its best efforts to provide the Fund with information described in the "NOTES" to Rule 17f-5 and such other similar information as the Fund may reasonably request to assist its Board of Directors to satisfy their obligation under such Rule. In addition, the Bank shall use its best efforts to provide the Fund with prompt notice of any material change in information previously provided to the Fund pursuant to this Section 12-2 or any material changes in the facts or circumstances upon which such information is based.
Agents and Subcustodians. 18 13.3 Insurance.............................................. 18 13.4 Fees and Expenses of Bank.............................. 18 13.5
Agents and Subcustodians. (a) The Bank may employ agents in the performance of its duties hereunder and shall be responsible for the acts and omissions of such agents as if performed by the Bank hereunder.
Agents and Subcustodians. The Custodian may employ agents in the performance of its duties hereunder and shall be responsible for the acts and omissions of such agents as if performed by the Custodian hereunder. Upon receipt of Proper Instructions, the Custodian may employ subcustodians, provided that any such subcustodian meets at least the minimum qualifications required by Section
Agents and Subcustodians. 15.3 Insurance........................................ 15.4