Common use of Country Risk Clause in Contracts

Country Risk. (a) The Customer acknowledges that (i) investing in Financial Assets and cash in foreign jurisdictions may involve risks of loss or other burdens and costs, and (ii) it remains responsible for assessing and managing investment-related exposures arising out of Country Risk. Accordingly, the Customer agrees that J.X. Xxxxxx will not be responsible for any Liabilities resulting from Country Risk. (b) In cases where a Country Risk Event occurs in a particular market, any amounts credited by J.X Xxxxxx to the Cash Account as a result of any transaction or Instruction (including but not limited to securities settlements, asset servicing (which may include payments), or foreign exchange transactions) in such market may be conditional and may be subject to reversal by J.X. Xxxxxx. (c) Without limiting the generality of Section 7.2, if a Country Risk Event leads to restrictions on, or losses of, cash or cash equivalents held by J.X. Xxxxxx or any Affiliated Subcustodian Bank in any market for the purposes of facilitating J.X. Xxxxxx’x global custody business, J.X. Xxxxxx may in its sole discretion apply the impact of those restrictions or losses to the relevant currency held in the Customer’s Cash Accounts in a proportional manner as J.X. Xxxxxx may reasonably determine.

Country Risk. (a) The Customer acknowledges that (i) investing in Financial Assets and cash in foreign jurisdictions may involve risks of loss or other burdens and costs, and (ii) it remains responsible for assessing and managing investment-related exposures arising out of Country Risk. Accordingly, the Customer agrees that J.X. X.X. Xxxxxx will not be responsible for any Liabilities resulting from Country Risk. (b) In cases where a Country Risk Event occurs in a particular market, any amounts credited by J.X X.X Xxxxxx to the Cash Account as a result of any transaction or Instruction (including but not limited to securities settlements, asset servicing (which may include payments), or foreign exchange transactions) in such market may be conditional and may be subject to reversal by J.X. X.X. Xxxxxx. (c) Without limiting the generality of Section 7.2, if a Country Risk Event leads to restrictions on, or losses of, cash or cash equivalents held by J.X. X.X. Xxxxxx or any Affiliated Subcustodian Bank in any market for the purposes of facilitating J.X. X.X. Xxxxxx’x global custody business, J.X. X.X. Xxxxxx may in its sole discretion apply the impact of those restrictions or losses to the relevant currency held in the Customer’s Cash Accounts in a proportional manner as J.X. X.X. Xxxxxx may reasonably determine.. Global Custody Agreement - New York - January 2021

Country Risk. (a) The Customer acknowledges that (i) investing in Financial Assets and cash in foreign jurisdictions may involve risks of loss or other burdens and costs, and (ii) it remains responsible for assessing and managing investment-related exposures arising out of Country Risk. Accordingly, the Customer agrees that J.X. X.X. Xxxxxx will not be responsible for any Liabilities resulting from Country Risk. (b) In cases where a Country Risk Event occurs in a particular market, any amounts credited by J.X X.X Xxxxxx to the Cash Account as a result of any transaction or Instruction (including but not limited to securities settlements, asset servicing (which may include payments), or foreign exchange transactions) in such market may be conditional and may be subject to reversal by J.X. X.X. Xxxxxx. (c) Without limiting the generality of Section 7.2, if a Country Risk Event leads to restrictions on, or losses of, cash or cash equivalents held by J.X. X.X. Xxxxxx or any Affiliated Subcustodian Bank in any market for the purposes of facilitating J.X. X.X. Xxxxxx’x global custody business, J.X. X.X. Xxxxxx may in its sole discretion apply the impact of those restrictions or losses to the relevant currency held in the Customer’s Cash Accounts in a proportional manner as J.X. X.X. Xxxxxx may reasonably determine.. Global Custody Agreement – New York – January 2021

Country Risk. (a) The Customer acknowledges that (i) investing in Financial Assets and cash in foreign jurisdictions may involve risks of loss or other burdens and costs, and (ii) it remains responsible for assessing and managing investment-related exposures arising out of Country Risk. Accordingly, the Customer agrees that J.X. X.X. Xxxxxx will not be responsible for any Liabilities resulting from Country Risk. (b) In cases where a Country Risk Event occurs in a particular market, any amounts credited by J.X X.X Xxxxxx to the Cash Account as a result of any transaction or Instruction (including but not limited to securities settlements, asset servicing (which may include payments), or foreign exchange transactions) in such market may be conditional and may be subject to reversal by J.X. X.X. Xxxxxx. (c) Without limiting the generality of Section 7.2, if a Country Risk Event leads to restrictions on, or losses of, cash or cash equivalents held by J.X. X.X. Xxxxxx or any Affiliated Subcustodian Bank in any market for the purposes of facilitating J.X. X.X. Xxxxxx’x global custody business, J.X. X.X. Xxxxxx may in its sole discretion apply the impact of those restrictions or losses to the relevant currency held in the Customer’s Cash Accounts in a proportional manner as J.X. X.X. Xxxxxx may reasonably determine.