Common use of Appointment of Sub-Custodians Clause in Contracts

Appointment of Sub-Custodians. In its discretion, the Custodian may appoint, and at any time remove, any domestic bank or trust company, which 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 it may determine, and may also open and maintain one or more banking accounts with such a bank or trust company (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 Custodian shall have no more or less responsibility or liability to the Trust on account of any actions or omissions of such Sub-custodian so employed than any such sub-custodian has to the Custodian.

Appointment of Sub-Custodians. In its discretion, the Custodian may ----------------------------- appoint, and at any time remove, any domestic bank or trust company, company which has been approved by the Board of Trustees Directors and is qualified to act as a custodian under the 1940 Act, as sub-custodian custodian, to hold Securities securities and cash of the Funds Fund and to carry out such other provisions of this Agreement as it may determine, and may also open and maintain one or more banking accounts with such a bank or trust company (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 Custodian shall have no more or less responsibility or liability to the Trust Fund on account of any actions or omissions of such Subsub-custodian so employed than any such sub-custodian has to the Custodian.

Appointment of Sub-Custodians. In its discretion, the Custodian may appoint, and at any time remove, any domestic bank or trust company, company which has been approved by the Board of Trustees and is qualified to act as a custodian under the 1940 Act, as sub-custodian custodian, to hold Securities securities and cash of the Funds Portfolios and to carry out such other provisions of this Agreement as it may determine, and may also open and maintain one or more banking accounts with such a bank or trust company (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 Custodian shall have no more or less responsibility or liability to the Trust on account of any actions or omissions of such Subsub-custodian so employed than any such sub-custodian has to the Custodian.

Appointment of Sub-Custodians. In its discretion, the Custodian may appoint, and at any time remove, any domestic bank or trust company, company which has been approved by the Board of Trustees and is qualified to act as a custodian under the 1940 Act, as sub-custodian sub- custodian, to hold Securities securities and cash of the Funds Portfolios and to carry out such other provisions of this Agreement as it may determine, and may also open and maintain one or more banking accounts with such a bank or trust company (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 Custodian shall have no more or less responsibility or liability to the Trust on account of any actions or omissions of such Subsub-custodian so employed than any such sub-custodian has to the Custodian.