Appointment of Agents and Sub Custodians. The Custodian may appoint one or more banking institutions, including but not limited to banking institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub-Custodians of Securities and monies at any time owned by the Fund. The Custodian shall use reasonable care in selecting a Depository and/or Sub-Custodian located in a country other than the United States ("Foreign Sub-Custodian"), which selection shall be in accordance with the requirements of Rule 17f-5 under the 1940 Act, and shall oversee the maintenance of any Securities or monies of the Fund by any Foreign Sub-Custodian. In addition, the Custodian shall hold the Fund harmless from, and indemnify the Fund against, any loss, action, claim, demand, expense and proceeding, including counsel fees, that occurs as a result of the failure of any Foreign Sub-Custodian or Depository to exercise reasonable care with respect to the safekeeping of Securities and monies of the Fund. Notwithstanding the generality of the foregoing, however, the Custodian shall not be liable for any losses resulting from the general risk of investing or holding Securities and monies in a particular country, including, but not limited to, losses resulting from nationalization, expropriation, devaluation, revaluation, confiscation, seizure, cancellation, destruction or similar action by any governmental authority, de facto or de jure; or enactment, promulgation, imposition or enforcement by any such governmental authority of currency restrictions, exchange controls, taxes, levies or other charges affecting the Fund's property; or acts of war, terrorism, insurrection or revolution; or any other similar act or event beyond the Custodian's control.
Appointment of Agents and Sub Custodians. The Custodian may appoint one or more banking institutions, including but not limited to banking or other qualified institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub-Custodians of Securities and moneys at any time owned by the Trust, upon terms and conditions specified in a Certificate. The Custodian shall use reasonable care in selecting a Depository and/or Sub-Custodian located in a country other than the United States ("Foreign Sub-Custodian"), and shall oversee the maintenance of any Securities or moneys of the Trust by any Foreign Sub-Custodian. Any selection of and form of contract with a Foreign Custodian shall be subject to approval by the Trust that such selection and contract are consistent with the requirements of Rule 17f-5 (and Rule 17f-4, if applicable) under the 1940 Act, and the Custodian shall provide the Trust with such information and recommendations as may be reasonably necessary as a basis for such approval.
Appointment of Agents and Sub Custodians. The Custodian may appoint one or more banking institutions, including but not limited to banking institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub-Custodians of Securities and moneys at any time owned by the Fund, upon terms and conditions specified in Written Instructions. The Custodian shall use reasonable care in selecting a Depository and/or Sub-Custodian located in a country other that the United States ("Foreign Sub-Custodian") and shall oversee the maintenance of any Securities or moneys of the Fund by any Foreign Sub-Custodian. Any agreement between the Custodian and any Depository or Sub-Custodian shall impose on such Depository or Sub-Custodian responsibilities and liabilities similar in nature and scope to those imposed by this Agreement relating to the function to be performed by such Depository or Sub-Custodian.
Appointment of Agents and Sub Custodians. The Custodian may appoint one or more banking institutions, including but not limited to banking institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub-Custodians of Securities and moneys at any time owned by any Series, upon terms and conditions specified in Written Instructions. The Custodian shall use reasonable care in selecting a Depository and/or Sub-Custodian located in a country other than the United States ("Foreign Sub-Custodian"), and shall oversee the maintenance of any Securities or moneys of the Trust by any Foreign Sub-Custodian.
Appointment of Agents and Sub Custodians. In its discretion, the Custodian may appoint, and at any time remove, any person who has been approved by the Board of Trustees and is qualified to act as a custodian under the 1940 Act, as sub-custodian, to hold Securities and cash of the Funds and to carry out such other provisions of this Agreement as the Custodian may determine, and the Custodian may also open and maintain one or more accounts with such person (any such accounts to be in the name of the Custodian on behalf of its customers and subject only to its draft or order pursuant to the terms of this Agreement), PROVIDED, HOWEVER, that the appointment of any such person hereunder shall not relieve the Custodian of any of its obligations or liabilities under this Agreement.
Appointment of Agents and Sub Custodians. The Custodian may appoint one or more banking institutions, including but not limited to banking or other qualified institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub- Custodians of Securities and moneys at any time owned by any Series, upon terms and conditions specified in a certificate; provided that any such appointment shall have been approved by a vote of the Board of Trustees of the Client. The Custodian shall use reasonable case in selecting a Depository and/or Sub- Custodian located in a country other than the United States ("Foreign Sub- Custodian"), and shall oversee the maintenance of any Securities or moneys of a Series by any Foreign Sub-Custodian. The Custodian shall be liable to the Client for any loss or damage to the Client resulting from the negligence or willful misconduct of any foreign Sub-Custodian to the same extent that the Custodian would be liable to the Client if the Custodian were holding such Securities or money in the Commonwealth of Massachusetts. Notwithstanding, the Custodian herein agrees to pursue at the expense of the Client, any claim which the Custodian may assert against any Foreign Sub-Custodian to recover any loss or damage arising under such arrangement. The Client shall have, at its election, the right to enforce Custodian's rights against any Sub-Custodian, agent or Depository for loss, damage or expenses caused the Client or any Series by such Sub-Custodian, agent or Depository which Custodian may have as a consequence of any such loss, damage or expenses if and to the extent that the Client or a Series has not been made whole for any such loss or damage. Any selection of and form of contract with a Foreign Custodian shall be subject to approval by the Client that such selection and contract are consistent with the requirements of Rule 17f-5 (and Rule 17f-4, if applicable) under the 1940 Act, and the Custodian warrants that such arrangement shall, among other things, provide that:
Appointment of Agents and Sub Custodians. The Custodian may at any time and from time to time appoint (and may at any time remove) any banking institution located in the United States and qualified under the 1940 Act or Futures Commission Merchant to act (i) as a sub-custodian of Domestic Securities and monies owned by a Portfolio, upon terms and conditions specified in Proper Instructions, or (ii) as its agent to carry out such of the provisions of this Article 2 as the Custodian of its responsibilities or liabilities hereunder and the Custodian shall hold the Portfolio and Fund harmless from, and indemnify the Portfolio and Fund against, any loss that occurs as a result of (a) the negligence of such sub-custodian or agent or (b) the failure of any such sub-custodian or agent to exercise reasonable care with respect to the safekeeping of the Domestic Securities and monies of the Portfolio.
Appointment of Agents and Sub Custodians. The Custodian may appoint one or more banking institutions, including but limited to banking institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub-Custodians of Securities and monies at any time owned by the Fund, upon terms and conditions specified in a Certificate. The Custodian shall use reasonable care in selecting a Depository and/or Sub-Custodian located in a country other than the United States ("Foreign Sub-Custodian"), and shall oversee the maintenance of any Securities or monies of the Fund by any Foreign Sub-Custodian. In addition, the Custodian shall hold the Fund harmless from, and indemnify the Fund against, any loss that occurs as a result of the failure of any Foreign Sub-Custodian to exercise reasonable care with respect to the safekeeping of Securities and monies of the Fund.
Appointment of Agents and Sub Custodians. (a) Appointment of Agents. Northern, as custodian, may at any time or times appoint (and may at any time remove) in accordance with the 1940 Act any other bank, trust company or responsible commercial agent as its agent to carry out such of the provisions of this Agreement as Northern may from time to time direct, provided that the appointment of such agent shall not relieve Northern of any of its responsibilities under this Agreement.
Appointment of Agents and Sub Custodians. The Custodian may appoint one or more banking institutions, including but not limited to banking institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub-Custodians of Securities and moneys at any time owned by any Portfolio, upon terms and conditions specified in a Certificate. The Custodian shall use reasonable care in selecting a Depository and/or Sub-Custodian located in a country other than the United States ("Foreign Sub-Custodian"), and shall oversee the maintenance of any Securities or moneys of the Fund by any Foreign Sub-Custodian. In addition, the Custodian shall hold the Fund harmless from, and indemnify the Fund against, any loss that occurs as a result of the failure of any Foreign Sub-Custodian to exercise reasonable care with respect to the safekeeping of Securities and moneys of the Fund.
