Common use of Appointment of Subcustodians; Transfer of Assets to Subcustodians or Brokers Clause in Contracts

Appointment of Subcustodians; Transfer of Assets to Subcustodians or Brokers. The Custodian is hereby authorized to appoint one or more domestic subcustodians (which may be an affiliate of the Custodian) to hold Assets at any time owned by the Series. The Custodian is also hereby authorized, when acting pursuant to Instructions, to: 1) place Assets with any Foreign Custodian located in a jurisdiction which is not a Foreign Country and with Euroclear, Clearstream, Banc One or any other transnational depository; and 2) settle or place Assets with a broker or any such domestic subcustodian or Foreign Custodian in connection with derivative transactions of any kind, including futures, options, short selling, swaps or other transactions. When acting pursuant to such Instructions, the Custodian shall not be liable for the acts or omissions of any such broker, subcustodian or Foreign Custodian.

Appointment of Subcustodians; Transfer of Assets to Subcustodians or Brokers. The Custodian is hereby authorized to appoint one or more domestic subcustodians (which may be an affiliate of the Custodian) to hold Assets Securities and monies at any time owned by the Series. The Custodian is also hereby authorized, authorized when acting pursuant to Instructions, Instructions to: 1) place Assets assets with any Foreign Custodian located in a jurisdiction which is not a Foreign Selected Country and with Euroclear, Clearstream, Banc One or any other transnational depository; and 2) settle or place Assets assets with a broker or any such domestic subcustodian or Foreign Custodian in connection with derivative transactions of any kind, including futures, options, short selling, swaps selling or other transactions. When acting pursuant to such Instructions, the Custodian shall not be liable for the acts or omissions of any such broker, subcustodian or Foreign Custodian.

Appointment of Subcustodians; Transfer of Assets to Subcustodians or Brokers. The Custodian is hereby authorized to appoint one or more domestic subcustodians (which may be an affiliate of the Custodian) to hold Assets Securities and monies at any time owned by the SeriesFund. The Custodian will give the Fund prompt notice of any such appointment. The Custodian is also hereby authorized, authorized when acting pursuant to Instructions, Instructions to: 1) place Assets assets with any Foreign Custodian located in a jurisdiction which is not a Foreign Selected Country and with Euroclear, Clearstream, Banc One or any other transnational depository; and 2) settle or place Assets assets with a broker or any such domestic subcustodian or Foreign Custodian in connection with derivative transactions of any kind, including futures, options, short selling, swaps selling or other transactions. When acting pursuant to such Instructions, the Custodian shall not be liable for the acts or omissions of any such broker, subcustodian or Foreign Custodian.

Appointment of Subcustodians; Transfer of Assets to Subcustodians or Brokers. The Custodian is hereby authorized to appoint one or more domestic subcustodians (which may be an affiliate of the Custodian) to hold Assets Securities and monies at any time owned by the SeriesFund. The Custodian will give the Fund prompt notice of any such appointment. The Custodian is also hereby authorized, authorized when acting pursuant to Instructions, Instructions to: 1) place Assets assets with any Foreign Custodian located in a jurisdiction which is not a Foreign Selected Country and with Euroclear, Clearstream, Banc One or any other transnational depository; and 2) settle or place Assets assets with a broker or any such domestic subcustodian or Foreign Custodian in connection with derivative transactions of any kind, including futures, options, short selling, swaps or other transactions. When acting pursuant to such Instructions, the Custodian shall not be liable for the acts or omissions of any such broker, subcustodian or Foreign Custodian.