Common use of Custodian as Agent Clause in Contracts

Custodian as Agent. The Custodian is authorized to act under the terms of this Agreement as the Fund's agent and shall be representing the Fund whenever acting within the scope of the Agreement. Subject to the provisions of Section 6, the Custodian is authorized further to appoint sub-custodians and other agents from time to time to carry out some or all of the duties which the Custodian is authorized to perform hereunder.

Appears in 2 contracts

Samples: Custodian Agreement (Venture Lending & Leasing Ii Inc), 1 Custodian Agreement (Venture Lending & Leasing Ii Inc)

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Custodian as Agent. The Custodian is authorized to act under the terms of this Agreement as the Fund's agent and shall be representing the Fund whenever acting within the scope of the Agreement. Subject to the provisions of Section 6, the Custodian is authorized further to appoint sub-custodians and other agents from time to time to carry out some or all of the duties which the Custodian is authorized to perform hereunder.and

Appears in 1 contract

Samples: Custodian Agreement (Venture Lending & Leasing Iii Inc)

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Custodian as Agent. The Custodian is authorized to act under the terms of this Agreement as the Fund's agent and shall be representing the Fund whenever acting within the scope of the Agreement. Subject to the provisions of Section 6, the The Custodian is authorized further to appoint sub-custodians and other agents from time to time to carry out some or all of the duties which the Custodian is authorized to perform hereunder; provided, however, that the appointment of any sub-custodian shall not relieve the Custodian of any of its responsibilities or liabilities hereunder.

Appears in 1 contract

Samples: Custodian Agreement (Scudder Mutual Funds Inc)

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