Common use of Appointment of Other Agents Clause in Contracts

Appointment of Other Agents. Custodian may employ other suitable agents, which may include affiliates of Custodian such as Bear Xxxxxxx or BS Securities, both of which are securities broker-dealers, provided, however, that Custodian shall not employ either of such affiliates to hold any collateral pledged to the Company, or purchased by the Company, under any securities loan agreement or repurchase agreement (whether now or hereafter in effect) between the Company and such affiliate. The appointment of any agent pursuant to this Section 3.7 shall not relieve Custodian of any of its obligations or liabilities under this Agreement.

Appointment of Other Agents. Custodian may employ other suitable agents, which may include affiliates of Custodian such as Bear, Xxxxxxx & Co. Inc. ("Bear Xxxxxxx") or Bear, Xxxxxxx or BS SecuritiesSecurities Corp., both of which are securities broker-dealers, provided, however, that Custodian shall not employ either of such affiliates Bear Xxxxxxx to hold any collateral pledged to the Company, or securities purchased by the Company, Fund under any securities loan agreement or repurchase agreement (between them, whether now or hereafter in effect) between the Company and such affiliate. The appointment of any agent pursuant to this Section 3.7 shall not relieve Custodian of any of its obligations or liabilities under this Agreement.