Common use of Assets to be Held Clause in Contracts

Assets to be Held. The Custodian shall limit the securities and other assets maintained in the custody of the foreign sub-custodians to: (a) "foreign securities", as defined in paragraph (c)(1) of Rule 17f-5, (b) cash and cash equivalents in such amounts as the Custodian may determine to be reasonably necessary to effect the Portfolio's foreign securities transactions and (c) such cash and securities as the Fund shall give Proper Instructions to be held in segregated accounts pursuant to Section 3.21 hereof. The Custodian shall identify on its books as belonging to the Fund the foreign securities of the Fund held by each foreign sub-custodian.

Assets to be Held. The Custodian shall limit the securities and other assets maintained in the custody of the foreign sub-custodians to: (a) "foreign securities", as defined in paragraph (c)(1) of Rule 17f-5, (b) cash and cash equivalents in such amounts as the Custodian may determine to be reasonably necessary to effect the PortfolioFund's foreign securities transactions and (c) such cash and securities as the Fund shall give Proper Instructions to be held in segregated accounts pursuant to Section 3.21 hereof. The Custodian shall identify on its books as belonging to the Fund the foreign securities of the Fund held by each foreign sub-custodian.