Common use of APPOINTMENT OF FOREIGN SUB-SUB-CUSTODIANS Clause in Contracts

APPOINTMENT OF FOREIGN SUB-SUB-CUSTODIANS. The Fund hereby authorizes and instructs the Sub-Custodian to employ as sub-sub-custodians for the Portfolio's securities and other assets maintained outside the United States the foreign banking institutions and foreign securities depositories designated on Schedule A hereto ("foreign sub-sub-custodians"). Upon receipt of "Proper Instructions", as defined in Section 5 of this Contract, together with a certified resolution of the Fund's Board of Directors, the Sub-Custodian and the Fund may agree to amend Schedule A hereto from time to time to designate additional foreign banking institutions and foreign securities depositories to act as sub-sub-custodian. Upon receipt of Proper Instructions, the Fund may instruct the Sub-Custodian to cease the employment of any one or more such sub-sub-custodians for maintaining custody of the Portfolio's assets.

Appears in 3 contracts

Samples: Sub Custodian Contract (St Clair Funds Inc), Sub Custodian Contract (St Clair Funds Inc), Sub Custodian Contract (Munder Funds Inc)

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APPOINTMENT OF FOREIGN SUB-SUB-CUSTODIANS. The Fund hereby authorizes and instructs the Sub-Custodian to employ as sub-sub-custodians for the Portfolio's securities and other assets maintained outside the United States the foreign banking institutions and foreign securities depositories designated on Schedule A hereto ("foreign sub-sub-custodians"). Upon receipt of "Proper Instructions", as defined in Section 5 of this Contract, together with a certified resolution of the Fund's Board of DirectorsTrustees, the Sub-Custodian and the Fund may agree to amend Schedule A hereto from time to time to designate additional foreign banking institutions and foreign securities depositories to act as sub-sub-custodian. Upon receipt of Proper Instructions, the Fund may instruct the Sub-Custodian to cease the employment of any one or more such sub-sub-custodians for maintaining custody of the Portfolio's assets.

Appears in 1 contract

Samples: Sub Custodian Contract (Munder Framlington Funds Trust)

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APPOINTMENT OF FOREIGN SUB-SUB-CUSTODIANS. The Fund hereby authorizes ----------------------------------------- and instructs the Sub-Custodian to employ as sub-sub-custodians for the Portfolio's securities and other assets maintained outside the United States the foreign banking institutions and foreign securities depositories designated on Schedule A hereto ("foreign sub-sub-custodians"). Upon receipt of "Proper Instructions", as defined in Section 5 of this Contract, together with a certified resolution of the Fund's Board of DirectorsTrustees, the Sub-Custodian and the Fund may agree to amend Schedule A hereto from time to time to designate additional foreign banking institutions and foreign securities depositories to act as sub-sub-custodian. Upon receipt of Proper Instructions, the Fund may instruct the Sub-Custodian to cease the employment of any one or more such sub-sub-custodians for maintaining custody of the Portfolio's assets.

Appears in 1 contract

Samples: Sub Custodian Contract (Munder Funds Trust)

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