Company's Approval. The Board of Directors of the Company shall approve the use of each Authorized Depository by the Company, as required by Rule 17f-4 under the Act, that is listed on Exhibit A hereto, and a certified copy of such resolution shall be provided to the Bank. The Company shall notify the Bank if the continued use of such Authorized Depository is not approved annually by the Board of Directors of the Company, as required by Rule 17f-4 under the Act.
Appears in 12 contracts
Samples: Custody Agreement (Princor Bond Fund Inc), Custody Agreement (Princor Tax Exempt Cash Management Fund Inc), Custody Agreement (Princor Growth Fund Inc)
