Common use of Demand Deposit Bank Accounts Clause in Contracts

Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of each Fund, subject only to draft or order by the Custodian or a Fund, and to hold in such account or accounts as a deposit accepted on the Subcustodian's books cash, including foreign currency, received for the account of such Fund other than cash held as deposits with Banking Institutions in accordance with the following paragraph. The responsibilities of the Subcustodian for cash, including foreign currency, of a Fund accepted on the Subcustodian's books as a deposit shall be that of a U. S. bank for a similar deposit. If and when authorized by proper instructions, the Subcustodian may open and operate an additional account(s) in such other banks or trust companies as may be designated by the Custodian or a Fund in such instructions (any such bank or trust company so designated by the Custodian and a Fund being referred to hereafter as a "Banking Institution"), and may deposit cash, including foreign currency, of such Fund in such account or accounts, provided that such account(s) (hereinafter collectively referred to as "demand deposit bank accounts") shall be in the name of the Subcustodian or a nominee of the Subcustodian for the account of such Fund or for the account of the Subcustodian's customers generally and shall be subject only to the

Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of each Fund, subject only to draft or order by the Custodian or a Fund, and to hold in such account or accounts as a deposit accepted on the Subcustodian's books cash, including foreign currency, received for the account of such Fund other than cash held as deposits with Banking Institutions in accordance with the following paragraph. The responsibilities of the Subcustodian for cash, including foreign currency, of a Fund accepted on the Subcustodian's books as a deposit shall be that of a U. S. U.S. bank for a similar deposit. If and when authorized by proper instructions, the Subcustodian may open and operate an additional account(s) in such other banks or trust companies as may be designated by the Custodian or a Fund in such instructions (any such bank or trust company so designated by the Custodian and a Fund being referred to hereafter as a "Banking Institution"), and may deposit cash, including foreign currency, of such Fund in such account or accounts, provided that such account(s) (hereinafter collectively referred to as "demand deposit bank accounts") shall be in the name of the Subcustodian or a nominee of the Subcustodian for the account of such Fund or for the account of the Subcustodian's customers generally and shall be subject only to the

Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of each the Fund, subject only to draft or order by the Custodian or a FundCustodian, and to hold in such account or accounts as a deposit accepted on the SubcustodianCustodian's books cash, including foreign currency, received for the account of such the Fund other than cash held as deposits with Banking Institutions in accordance with the following paragraph. The responsibilities of the Subcustodian Custodian for cash, including foreign currency, of a the Fund accepted on the SubcustodianCustodian's books as a deposit shall be that of a U. S. bank for a similar deposit. If and when authorized by proper instructions, the Subcustodian Custodian may open and operate an additional account(s) in such other banks or trust companies as may be designated by the Custodian or a Fund in such instructions (any such bank or trust company so designated by the Custodian and a Fund being referred to hereafter as a "Banking Institution"), and may deposit cash, including foreign currency, of such the Fund in such account or accounts, provided that such account(s) (hereinafter collectively referred to as "demand deposit bank accounts") shall be in the name of the Subcustodian Custodian or a nominee of the Subcustodian Custodian for the account of such the Fund or for the account of the SubcustodianCustodian's customers generally and shall be subject only to thethe Custodian's draft or order; provided that any such demand deposit bank account shall contain only assets held by the Custodian as a fiduciary or custodian for the Fund and/or other customers and that the records of the Custodian shall indicate at all times the Fund and/or other customers for which such funds are held in such