Common use of BNY AS A FOREIGN CUSTODY MANAGER Clause in Contracts

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.

Appears in 37 contracts

Samples: Foreign Custody Manager Agreement (Morgan Stanley Multi State Muni Series Trust), Foreign Custody Manager Agreement (Morgan Stanley Special Value Fund), Foreign Custody Manager Agreement (Morgan Stanley Mid Cap Value Fund)

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BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf Each Fund, by authority of its Board Board, hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Funds' Foreign Assets (as defined in the Rule) would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including including, but not limited to, the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign CustodianCustodian and such additional information regarding such matters as and when the Board may reasonably request and containing such detail as the parties shall agree.

Appears in 29 contracts

Samples: Foreign Custody Manager Agreement (Nations Funds Trust), Foreign Custody Manager Agreement (Nations Funds Trust), Foreign Custody Manager Agreement (Nations Separate Account Trust)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of hereby acknowledges that its Board hereby delegates has delegated to BNY the Responsibilities with respect to each Specified Country in accordance with the ResponsibilitiesRule. 2. BNY hereby accepts the Board's ’s delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets ’s assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's ’s foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.

Appears in 12 contracts

Samples: Foreign Custody Manager Agreement, Foreign Custody Manager Agreement (BlackRock Enhanced Equity Dividend Trust), Foreign Custody Manager Agreement (BlackRock Real Asset Equity Trust)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Each Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets (as defined in the Rule) would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets Foreign Assets (as defined in the Rule) of the Fund with any such Eligible Foreign Custodian.

Appears in 8 contracts

Samples: Foreign Custody Manager Agreement (Franklin Strategic Mortgage Portfolio), Foreign Custody Manager Agreement (Templeton Global Investment Trust), Foreign Custody Manager Agreement (Franklin Global Trust)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The With respect to the Foreign Assets of the Fund, the Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's ’s delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's ’s Foreign Assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's ’s foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets Foreign Assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets Foreign Assets of the Fund with any such Eligible Foreign Custodian.

Appears in 6 contracts

Samples: Foreign Custody Manager Agreement (Alger Portfolios), Foreign Custody Manager Agreement (Alger ETF Trust), Foreign Custody Manager Agreement (Alger Funds)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.. 01NYC7813

Appears in 3 contracts

Samples: Foreign Custody Manager Agreement (Active Assets Premier Money Trust), Foreign Custody Manager Agreement (Morgan Stanley Competitive Edge Fund), Foreign Custody Manager Agreement (Active Assets Money Trust)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of hereby acknowledges that its Board hereby delegates has delegated to BNY the Responsibilities with respect to each Specified Country in accordance with the ResponsibilitiesRule. 2. BNY hereby accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.

Appears in 2 contracts

Samples: Foreign Custody Manager Agreement (BlackRock Health Sciences Trust), Foreign Custody Manager Agreement (BlackRock Global Energy & Resources Trust)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Each Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's ’s delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's ’s Foreign Assets (as defined in the Rule) would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's ’s foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets Foreign Assets (as defined in the Rule) of the Fund with any such Eligible Foreign Custodian.

Appears in 2 contracts

Samples: Foreign Custody Manager Agreement (Templeton Funds), Foreign Custody Manager Agreement (Franklin ETF Trust)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's ’s delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's ’s Foreign Assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate appropriate, but no less often than quarterly, based on the circumstances of the Fund's ’s foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund Fund’s Foreign Assets with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets the Foreign Assets of the Fund with any such Eligible Foreign Custodian.

Appears in 2 contracts

Samples: Foreign Custody Manager Agreement (YieldStreet Prism Fund Inc.), Foreign Custody Manager Agreement (Susa Registered Fund, L.L.C.)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of hereby acknowledges that its Board hereby delegates has delegated to BNY the Responsibilities with respect to each Specified Country in accordance with the ResponsibilitiesRule. 2. BNY hereby accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying notifYing the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.

Appears in 1 contract

Samples: Foreign Custody Manager Agreement (Guggenheim Strategic Opportunities Fund)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf Each Fund, by authority of its Board Board, hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's ’s delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Funds’ Foreign Assets (as defined in the Rule) would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's ’s foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including including, but not limited to, the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign CustodianCustodian and such additional information regarding such matters as and when the Board may reasonably request and containing such detail as the parties shall agree.

Appears in 1 contract

Samples: Foreign Custody Manager Agreement (Nations Separate Account Trust)

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BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of hereby acknowledges that its Board hereby delegates has delegated to BNY the Responsibilities with respect to each Specified Country in accordance with the ResponsibilitiesRule. 2. BNY hereby accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets asses of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.

Appears in 1 contract

Samples: Foreign Custody Manager Agreement (Old Mutual/Claymore Long-Short Fund (f.k.a. Analytic Covered Call Plus Fund))

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.. 60694-FOREIGN AGREEMENT

Appears in 1 contract

Samples: Foreign Custody Manager Agreement (Morgan Stanley Growth Fund)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets (as defined by the Rule) would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets Foreign Assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets Foreign Assets of the Fund with any such Eligible Foreign Custodian.

Appears in 1 contract

Samples: Foreign Custody Manager Agreement (O'Connor Fund of Funds: Multi-Strategy)

BNY AS A FOREIGN CUSTODY MANAGER. Section 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the ResponsibilitiesResponsibilities to be performed for each Series of the Fund. Section 2. BNY accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets would exercise. Section 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets the Foreign Assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets the Foreign Assets of the Fund with any such Eligible Foreign Custodian.

Appears in 1 contract

Samples: Custody Agreement (First Trust Exchange-Traded Fund)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country and each Foreign Depository, the Responsibilities. 2. BNY accepts the Board's ’s delegation of Responsibilities with respect to each Specified Country and each Foreign Depository and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets ’s assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's ’s foreign custody arrangements arrangements, but not less frequently than quarterly, written reports notifying the Board and the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.

Appears in 1 contract

Samples: Foreign Custody Manager Agreement (Eii Realty Securities Trust)

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of hereby acknowledges that its Board hereby delegates has delegated to BNY the Responsibilities with respect to each Specified Country in accordance with the ResponsibilitiesRule. 2. BNY hereby accepts the Board's ’s delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets ’s assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's ’s foreign custody arrangements written reports notifying the Board and the Fund's investment adviser of the placement of assets asses of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.

Appears in 1 contract

Samples: Foreign Custody Manager Agreement (Guggenheim Enhanced Equity Income Fund (F/K/a Old Mutual/Claymore Long-Short Fund))

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities. 2. BNY accepts the Board's delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund's Foreign Assets assets would exercise. 3. BNY shall provide to the Board and to the Fund's investment adviser at such times as the Board deems reasonable and appropriate based on the circumstances of the Fund's foreign custody arrangements written reports notifying the Board and to the Fund's investment adviser of the placement of assets of the Fund with a particular Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of the Fund with any such Eligible Foreign Custodian.

Appears in 1 contract

Samples: Custody Agreement (Alliancebernstein Blended Style Series Inc)

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