Common use of Custody of Assets of the Fund Clause in Contracts

Custody of Assets of the Fund. Notwithstanding anything to the contrary contained herein, the Advisor shall not have any authority to hold or have possession or custody of any funds, Securities or other property of the Fund. The physical possession of all funds, Securities or other property of the Fund shall at all times be held, controlled and administered by one or more custodians retained by the Fund. The Advisor shall have no responsibility with respect to the collection of income or the physical acquisition or safekeeping of the funds, Securities or other assets of the Fund, and all such duties of collection, physical acquisition or safekeeping shall be the sole obligation of such custodians.

Custody of Assets of the Fund. Notwithstanding anything to the contrary contained herein, the Advisor Adviser shall not have any authority to hold or have possession or custody of any funds, Securities or other property of the Fund. The physical possession of all funds, Securities or other property of the Fund shall at all times times, be held, controlled and administered by one or more custodians retained by the FundFund in accordance with the requirements of the 1940 Act. The Advisor Adviser shall have no responsibility with respect to the collection of income or the income, physical acquisition or the safekeeping of the funds, Securities or other assets of the Fund, and all such duties of collection, physical acquisition or safekeeping shall be the sole obligation of such custodians.