Common use of Board’s Conclusive Determination Regarding Country Risk Clause in Contracts

Board’s Conclusive Determination Regarding Country Risk. In exercising its delegated authority under this Agreement, Delegate may assume, for all purposes, that the Board (or each Fund’s investment adviser, pursuant to authority delegated by the Board) has considered, and pursuant to its fiduciary duties to each Fund and each Fund’s shareholders, determined to accept, such Country Risk as is incurred by placing and maintaining Foreign Assets in the jurisdictions to which this Agreement applies. In exercising its delegated authority under this Agreement, Delegate may also assume that the Board (or each Fund’s investment adviser, pursuant to authority delegated by the Board) has, and will continue to, Monitor such Country Risk to the extent the Board (or such investment adviser) deems necessary or appropriate. Except as specifically described herein, nothing in this Agreement shall require Delegate to make any selection or to engage in any Monitoring on behalf of any Fund that would entail consideration of Country Risk.

Board’s Conclusive Determination Regarding Country Risk. In exercising its delegated authority under this Agreement, the Delegate may assume, for all purposes, that the Board (or each the Fund’s 's investment adviseradvisor, pursuant to authority delegated by the Board) has considered, and pursuant to its fiduciary duties to each the Fund and each the Fund’s 's shareholders, determined to accept, such Country Risk as is incurred by placing and maintaining Foreign Assets in the jurisdictions to which this Agreement applies. In exercising its delegated authority under this Agreement, the Delegate may also assume that the Board (or each the Fund’s 's investment adviseradvisor, pursuant to authority delegated by the Board) has, and will continue to, Monitor such Country Risk to the extent the Board (or such investment adviser) deems necessary or appropriate. Except as specifically described herein, nothing Nothing in this Agreement shall require the Delegate to make any selection or to engage in any Monitoring on behalf of any the Fund that would entail consideration of Country Risk.

Board’s Conclusive Determination Regarding Country Risk. In exercising its delegated authority under this Agreementauthority, the Delegate may assume, for all purposes, that the Board (or each Fund’s the Portfolio's investment adviser, pursuant to authority delegated by the Board) has considered, and pursuant to its fiduciary duties to each Fund the Portfolio and each Fund’s the Portfolio's shareholders, determined to accept, such Country Risk as is incurred by placing and maintaining Foreign Assets in the jurisdictions identified on Appendix A-1 or Appendix A-2 as in effect from time to which this Agreement appliestime. In exercising its delegated authority under this Agreementauthority, the Delegate may also assume that the Board (or each Fund’s the Portfolio's investment adviser, pursuant to authority delegated by the Board) has, and will continue to, Monitor such Country Risk to the extent the Board (or such investment adviser) deems necessary or appropriate. Except as specifically described herein, nothing in this Agreement shall require the Delegate to make any selection or to engage in any Monitoring on behalf of any Fund a Portfolio that would entail consideration of Country Risk.

Board’s Conclusive Determination Regarding Country Risk. In exercising its delegated authority under this Agreement, Delegate may assume, for all purposes, that the Board (or each Fund’s investment adviseradvisor, pursuant to authority delegated by the Board) has considered, and pursuant to its fiduciary duties to each Fund and each Fund’s shareholders, determined to accept, such Country Risk as is incurred by placing and maintaining Foreign Assets in the jurisdictions to which this Agreement applies. In exercising its delegated authority under this Agreement, Delegate may also assume that the Board (or each Fund’s investment adviseradvisor, pursuant to authority delegated by the Board) has, and will continue to, Monitor such Country Risk to the extent the Board (or such investment adviser) deems necessary or appropriate. Except as specifically described herein, nothing in this Agreement shall require Delegate to make any selection or to engage in any Monitoring on behalf of any Fund that would entail consideration of Country Risk.

Board’s Conclusive Determination Regarding Country Risk. In exercising its delegated authority under this Agreement, Delegate may assume, for all purposes, that the Board (or each Fund’s investment adviseradvisor, pursuant to authority delegated by the Board) has considered, and pursuant to its fiduciary duties to each Fund and each Fund’s shareholders, determined to accept, such Country Risk as is incurred by placing and maintaining Foreign Assets in the jurisdictions to for which this Agreement appliesDelegate is serving as Foreign Custody Manager of the Funds. In exercising its delegated authority under this Agreement, Delegate may also assume that the Board (or each Fund’s investment adviseradvisor, pursuant to authority delegated by the Board) has, and will continue to, Monitor such Country Risk to the extent the Board (or such Fund’s investment adviseradvisor, pursuant to authority delegated by Board) deems necessary or appropriate. Except as specifically described herein, nothing in this Agreement shall require Delegate to make any selection or to engage in any Monitoring on behalf of any Fund that would entail consideration of Country Risk.