Common use of Country Risk Clause in Contracts

Country Risk. In exercising its delegated authority under Article II, Section 2, the Custodian may assume, for all purposes, that the Board (or the Fund's investment adviser, pursuant to authority delegated by the Board) has considered, and, pursuant to its fiduciary duties to the Funds and the Fund's shareholders, determined to accept, Country Risk. In exercising its delegated authority under Article II, Section 2, the Custodian may also assume that the Board (or the 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 deems necessary or appropriate. Nothing in this Delegation Agreement shall require the Custodian to make any selection or to engage in any monitoring on behalf of a Fund (i) that would entail consideration of Country Risk or (ii) otherwise in connection with any Securities Depository or Foreign Custodians in jurisdictions other than Selected Countries.

Country Risk. In exercising its delegated authority under Article II, Section 2, the Custodian may assume, for all purposes, that the Board (or the Fund's investment adviser, pursuant to authority delegated by the Board) has considered, and, pursuant to its fiduciary duties to the Funds and the Fund's shareholders, determined to accept, such Country Risk. In exercising its delegated authority under Article II, Section 2, the Custodian may also assume that the Board (or the 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 deems necessary or appropriate. Nothing in this Delegation Agreement shall require the Custodian to make any selection or to engage in any monitoring on behalf of a Fund (i) that would entail consideration of Country Risk or (ii) otherwise in connection with any Securities Depository or Foreign Custodians in jurisdictions other than Selected Countries.

Country Risk. In exercising its delegated authority under Article II, ------------ Section 2, the Custodian may assume, for all purposes, that the Board (or the a Fund's investment adviser, pursuant to authority delegated by the Board) has considered, and, pursuant to its fiduciary duties to the Funds Fund and the Fund's shareholders, determined to accept, such Country Risk. In exercising its delegated authority under Article II, Section 2, the Custodian may also assume that the Board (or the a 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 deems necessary or appropriate. Nothing in this Delegation Agreement shall require the Custodian to make any selection or to engage in any monitoring on behalf of a the Fund (i) that would entail consideration of Country Risk or (ii) otherwise in connection with any Securities Depository or Foreign Custodians in jurisdictions other than Selected Countries.

Country Risk. In exercising its delegated authority under Article II, Section 2, the Custodian may assume, for all purposes, that the Board (or the a Fund's investment adviser, pursuant to authority delegated by the Board) has considered, and, pursuant to its fiduciary duties to the Funds Fund and the Fund's shareholders, determined to accept, such Country Risk. In exercising its delegated authority under Article II, Section 2, the Custodian may also assume that the Board (or the a 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 deems necessary or appropriate. Nothing in this Delegation Agreement shall require the Custodian to make any selection or to engage in any monitoring on behalf of a the Fund (i) that would entail consideration of Country Risk or (ii) otherwise in connection with any Securities Depository or Foreign Custodians in jurisdictions other than Selected Countries.