Common use of Cooperation Upon Termination Clause in Contracts

Cooperation Upon Termination. If a successor custodian for one or more Portfolios shall be appointed by the Board of the Fund, the Custodian and the Fund, on behalf of any applicable Portfolio(s) agree, upon termination and the Custodian’s receipt of instructions from the Fund, to reasonably cooperate to deliver to such successor Custodian, the records of the Fund and/or the Portfolios as reasonably requested by the Fund. Each of the Custodian and the Fund, on behalf of any applicable Portfolio(s), agrees to reasonably cooperate with the successor custodian in the execution of such documents and the performance of such other necessary actions as may reasonably be requested by the successor custodian or the Fund in order to substitute the successor custodian for the Custodian, provided, however, that any special or unduly burdensome arrangements, and any expenses associated therewith, shall be subject to good faith negotiation and mutual agreement by the parties hereto. All reasonable out-of-pocket expenses associated with the transfer of the custodian services hereunder upon termination hereof shall be borne by the respective Portfolios (except as may be specifically and mutually agreed in writing by the parties in relation to such special arrangements).