Common use of Appointment of Sub-Custodian Clause in Contracts

Appointment of Sub-Custodian. With prior written notice to a Fund, and at the direction of a Fund with respect to any foreign Sub-custodian, the Custodian may from time to time employ one or more Sub-custodians for a Custodial Account. The Custodian in its capacity as Foreign Custody Manager as described in Section 2.5 shall be responsible for determining whether any foreign Sub-custodian meets the requirements of a custodian under Section 17(f) of the 1940 Act and the rules and regulations thereunder, and for performing the duties of a foreign custody manager set forth in Rule 17f-5 under the 1940 Act. The appointment of any Sub-custodian and the maintenance of any Assets and cash of a Fund or its Subsidiaries with such Sub-custodian shall be at a Fund’s expense and shall not relieve the Custodian of any of its obligations or liabilities under this Agreement. Every Sub-custodian shall be qualified to act as a custodian under the 1940 Act.

Appointment of Sub-Custodian. With prior written notice to a the Fund, and at the direction of a the Fund with respect to any foreign Sub-custodian, the Custodian may from time to time employ one or more Sub-custodians for a the Custodial Account. The Custodian in its capacity as Foreign Custody Manager as described in Section 2.5 below shall be responsible for determining whether any foreign Sub-custodian meets the requirements of a custodian under Section 17(f) of the 1940 Act and the rules and regulations thereunder, and for performing the duties of a foreign custody manager set forth in Rule 17f-5 under the 1940 Act. The appointment of any Sub-custodian and the maintenance of any Assets and cash of a the Fund or its Subsidiaries with such Sub-custodian shall be at a the Fund’s expense and shall not relieve the Custodian of any of its obligations or liabilities under this Agreement. Every Sub-custodian shall be qualified to act as a custodian under the 1940 Act.