Analyses of Custody Risks. The Custodian shall provide the Fund an analysis of the custody risks (which analyses may be provided to the Fund electronically) associated with maintaining the Fund's Foreign Assets with each Eligible Securities Depository used by the Custodian as of a date to be agreed upon between the parties, but which shall in no event be later than June 15, 2001, (or, in the case of an Eligible Securities Depository not used by the Custodian as of the agreed upon date, prior to the initial placement of the Fund's Foreign Assets at such Depository after such date) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian shall monitor the custody risks associated with maintaining the Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis, and shall promptly notify the Fund or its investment adviser of any material changes in such risks.
Appears in 4 contracts
Samples: Custodian Agreement (Growth Fund of America Inc), Custodian Agreement (Smallcap World Fund Inc), Custodian Agreement (Fundamental Investors Inc)
