Common use of Banks Clause in Contracts

Banks. Except as otherwise set forth in this Contract, the provisions of this Article 3 shall not apply where the custody of the Fund's assets is maintained in a foreign branch of a banking institution which is a "bank" as defined by Section 2(a)(5) of the Investment Company Act of 1940 which meets the qualification set forth in Section 26(a) of said Act. The appointment of any such branch as a sub-custodian shall be governed by Section 1 of this Contract.

Appears in 22 contracts

Samples: Custodian Agreement (Price T Rowe International Series Inc), Custodian Agreement (Price T Rowe Otc Fund Inc), Custodian Agreement (Price T Rowe Personal Strategy Funds Inc)

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Banks. Except as otherwise set forth in this Contract, the provisions of this Article 3 shall not apply where the custody of the Fund's Fund assets is are maintained in a foreign branch of a banking institution which is a "bank" as defined by Section 2(a)(5) of the Investment Company Act of 1940 which meets meeting the qualification set forth in Section 26(a) of said Act. The appointment of any such branch as a sub-custodian subcustodian shall be governed by Section paragraph 1 of this Contract.

Appears in 1 contract

Samples: Custodian Contract (Goldman Sachs Trust)

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Banks. Except as otherwise set forth in this ContractAgreement, the provisions of this Article 3 shall not apply where the custody of the Fund's Fund assets is are maintained in a foreign branch of a banking institution which is a "bank" as defined by Section 2(a)(5) of the Investment Company Act of 1940 which meets meeting the qualification set forth in Section 26(a) of said Act. The appointment of any such branch as a sub-custodian shall be governed by Section paragraph 1 of this ContractAgreement.

Appears in 1 contract

Samples: Custodian Agreement (Prudential Series Fund Inc)

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