Common use of Agreements with Foreign Custodians Clause in Contracts

Agreements with Foreign Custodians. Each agreement with a Foreign Custodian shall provide generally that: (a) the Trust's assets will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Foreign Custodian or its creditors, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the Trust's assets will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to the Trust; (d) the independent public accountants for the Trust, will be given access to the records of the Foreign Custodian relating to the assets of the Trust or confirmation of the contents of those records; (e) the disposition of assets of the Trust held by the Foreign Custodian will be subject only to the instructions of the Custodian or its agents; (f) the Foreign Custodian shall indemnify and hold harmless the Custodian and the Trust from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the Foreign Custodian's performance of its obligations under such agreement; (g) to the extent practicable, the Trust's assets will be adequately insured in the event of loss; and (h) the Custodian will receive periodic reports with respect to the safekeeping of the Trust's assets, including notification of any transfer to or from the Trust's account.

Agreements with Foreign Custodians. Each agreement with a Foreign Custodian shall provide generally that: (a) the TrustFund's assets will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Foreign Custodian or its creditors, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the TrustFund's assets will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to the TrustFund; (d) the independent public accountants for the TrustFund, will be given access to the records of the Foreign Custodian relating to the assets of the Trust Fund or confirmation of the contents of those records; (e) the disposition of assets of the Trust Fund held by the Foreign Custodian will be subject only to the instructions of the Custodian or its agents; (f) the Foreign Custodian shall indemnify and hold harmless the Custodian and the Trust Fund from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the Foreign Custodian's performance of its obligations under such agreement; (g) to the extent practicable, the TrustFund's assets will be adequately insured in the event of loss; and (h) the Custodian will receive periodic reports with respect to the safekeeping of the TrustFund's assets, including notification of any transfer to or from the TrustFund's account.

Agreements with Foreign Custodians. Each agreement with a Foreign Custodian shall provide generally that: (a) the TrustFund's assets will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Foreign Custodian or its creditors, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the TrustFund's assets will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to the TrustFund; (d) the independent public accountants for the Trust, Fund will be given access to the records of the Foreign Custodian relating to the assets of the Trust Fund or confirmation of the contents of those records; (e) the disposition of assets of the Trust Fund held by the Foreign Custodian will be subject only to the instructions of the Custodian or its agents; (f) the Foreign Custodian shall indemnify and hold harmless the Custodian and the Trust Fund from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the Foreign Custodian's performance of its obligations under such agreement; (g) to the extent practicable, the TrustFund's assets will be adequately insured in the event of loss; and (h) the Custodian will receive periodic reports with respect to the safekeeping of the TrustFund's assets, including notification of any transfer to or from the TrustFund's account.

Agreements with Foreign Custodians. Each agreement with a Foreign Custodian shall provide generally that: (a) the Trust's assets will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Foreign Custodian or its creditors, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the Trust's assets will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to the TrustCustodian; (d) the independent public accountants for the Trust, will be given access to the records of the Foreign Custodian relating to the assets of the Trust or confirmation of the contents of those records; (e) the disposition of assets of the Trust held by the Foreign Custodian will be subject only to the instructions of the Custodian or its agents; (f) the Foreign Custodian shall indemnify and hold harmless the Custodian and the Trust from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the Foreign Custodian's performance of its obligations under such agreement; (g) to the extent practicable, the Trust's assets will be adequately insured in the event of loss; and (h) the Custodian will receive periodic reports with respect to the safekeeping of the Trust's assets, including notification of any transfer to or from the Trust's account.