Common use of Deposit of Fund Assets in U.S. Securities Systems Clause in Contracts

Deposit of Fund Assets in U.S. Securities Systems. State Street may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 0) Xxxxx Xxxxxx may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street in the U.S. Securities System (the “U.S. Securities System Account”) which account shall not include any assets of State Street other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 0) Xxxxx Xxxxxx shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street to reflect such payment and transfer for the account of the Portfolio. State Street shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street and be provided to the Fund at its request. Upon request, State Street shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s transactions in the U.S. Securities System for the account of the Portfolio; 0) Xxxxx Xxxxxx shall provide the Fund with any report obtained by State Street on the U.S. Securities System’s accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) Anything to the contrary in this Agreement notwithstanding, State Street shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street or any of its agents or of any of its or their employees or from failure of State Street or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street with respect to any claim against the U.S. Securities System or any other person which State Street may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, which acts as a securities depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as "U.S. Securities System System" in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “a "U.S. Securities System Account”") which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s 's transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx The Custodian shall provide the Fund for the Portfolio with any report obtained by State Street the Custodian on the U.S. Securities System’s 's accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. U.S Securities System; 5) The Custodian shall have received from the Fund on behalf of the Portfolio the initial or annual certificate, as the case may be, required by Article 14 hereof; and 6) Anything to the contrary in this Agreement Contract notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street or any of its agents or of any of its or their employees or from failure of State Street or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street with respect to any claim against the U.S. Securities System or any other person which State Street may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 01) Xxxxx Xxxxxx may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street in the U.S. Securities System (the “U.S. Securities System Account”) which account shall not include any assets of State Street other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street to reflect such payment and transfer for the account of the Portfolio. State Street shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street and be provided to the Fund at its request. Upon request, State Street shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx shall provide the Fund with any report obtained by State Street on the U.S. Securities System’s accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) Anything to the contrary in this Agreement notwithstanding, State Street shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street or any of its agents or of any of its or their employees or from failure of State Street or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street with respect to any claim against the U.S. Securities System or any other person which State Street may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “"U.S. Securities System Account”") which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction 6 of 47 sheets reflecting each day’s days transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx The Custodian shall provide the Fund with any report obtained by State Street the Custodian on the U.S. Securities System’s Systems accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) Anything to the contrary in this Agreement notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio Portfolio, including reasonable attorneys fees, resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street the Custodian or any of its agents or of any of its or their employees or from failure of State Street the Custodian or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street the Custodian with respect to any claim against the U.S. Securities System or any other person which State Street the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may ------------------------------------------------- deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account ("Account") of State Street the Custodian in the U.S. Securities System (the “U.S. Securities System Account”) which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s 's transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx The Custodian shall provide the Fund for the Portfolio with any report obtained by State Street the Custodian on the U.S. Securities System’s 's accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) The Custodian shall have received from the Fund on behalf of the Portfolio the initial or annual certificate, as the case may be, of the Secretary or an Assistant Secretary that the Board of the Fund has approved the initial use of a particular Securities System by such Portfolio, as required by Rule 17f-4 under the Investment Company Act of 1940, as amended; 6) Anything to the contrary in this Agreement Contract notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street the Custodian or any of its agents or of any of its or their employees or from failure of State Street the Custodian or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street the Custodian with respect to any claim against the U.S. Securities System or any other person which State Street the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 0) Xxxxx Xxxxxx : The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “"U.S. Securities System Account”") which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) ; The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 0) Xxxxx Xxxxxx ; The Custodian shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, Account and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s days transactions in the U.S. Securities System for the account of the Portfolio; 0) Xxxxx Xxxxxx ; The Custodian shall provide the Fund with any report obtained by State Street the Custodian on the U.S. Securities System’s Systems accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) ; Anything to the contrary in this Agreement notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio Portfolio, including reasonable attorneys fees, resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street the Custodian or any of its agents or of any of its or their employees or from failure of State Street the Custodian or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street the Custodian with respect to any claim against the U.S. Securities System or any other person which State Street the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “"U.S. Securities System Account”") which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, in custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for securities purchased for the account of the Portfolio upon (ia) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, Account and (iib) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, Account and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s 's transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx The Custodian shall provide the Fund with any report obtained by State Street the Custodian on the U.S. Securities System’s 's accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System;; and 5) Anything to the contrary in this Agreement notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street the Custodian or any of its agents or of any of its or their employees or from failure of State Street the Custodian or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street the Custodian with respect to any claim against the U.S. Securities System or any other person which State Street the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “"U.S. Securities System Account”SECURITIES SYSTEM ACCOUNT") which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s 's transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx The Custodian shall provide the Fund with any report obtained by State Street the Custodian on the U.S. Securities System’s 's accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) Anything to the contrary in this Agreement notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street the Custodian or any of its agents or of any of its or their employees or from failure of State Street the Custodian or any such agent to LFI CUSTODY AGREEMENT (FROM LAZARD)(V1) enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street the Custodian with respect to any claim against the U.S. Securities System or any other person which State Street the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “"U.S. Securities System Account”SECURITIES SYSTEM ACCOUNT") which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s 's transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx The Custodian shall provide the Fund with any report obtained by State Street on the U.S. Securities System’s accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) Anything to the contrary in this Agreement notwithstanding, State Street shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street or any of its agents or of any of its or their employees or from failure of State Street or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street with respect to any claim against the U.S. Securities System or any other person which State Street may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.Custodian

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “"U.S. Securities System Account”SECURITIES SYSTEM ACCOUNT") which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for securities purchased for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s 's transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx The Custodian shall provide the Fund with any report obtained by State Street the Custodian on the U.S. Securities System’s 's accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) Anything to the contrary in this Agreement notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street the Custodian or any of its agents or of any of its or their employees or from failure of State Street the Custodian or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated surrogated to the rights of State Street the Custodian with respect to any claim against the U.S. Securities System or any other person which State Street the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the a Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “U.S. Securities System Account”) System, which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for maintain securities purchased for the account of the a Portfolio upon (i) receipt of advice from the in a U.S. Securities System that such securities have been transferred to in compliance with the U.S. Securities System Account, and (ii) the making requirements of an entry on the records of State Street to reflect such payment and transfer for the account Rule 17f-4 of the Portfolio. State Street shall transfer securities sold for the account of the Portfolio upon (i1940 Act, as amended from time to time. 4) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street and be provided to the Fund at its request. Upon request, State Street shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s transactions in the U.S. Securities System for the account of the Portfolio; 0) Xxxxx Xxxxxx The Custodian shall provide the Fund with any report obtained by State Street the Custodian on the U.S. Securities System’s accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) Anything to the contrary in this Agreement notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street the Custodian or any of its agents or of any of its or their employees or from failure of State Street the Custodian or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street the Custodian with respect to any claim against the U.S. Securities System or any other person which State Street the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street may deposit and/or maintain securities owned by a Portfolio in a the U.S. Securities System Account subject to the following provisions: 01) Xxxxx Xxxxxx may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street in the U.S. Securities System (the “U.S. Securities System Account”) which account Such Account shall not include any assets of State Street other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 0) Xxxxx Xxxxxx shall pay for securities purchased for the account of the Portfolio upon (ia) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (iib) the making of an entry on the records of State Street to reflect such payment and transfer for the account of the Portfolio. . 4) State Street shall transfer securities sold for the account of the Portfolio upon (ia) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (iib) the making of an entry on the records of State Street to reflect such transfer and payment for the account of the Portfolio. . 5) Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street and be provided to the Fund at its request. Upon request, State Street shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s 's transactions in the U.S. Securities System for the account of the Portfolio; 0) Xxxxx Xxxxxx . State Street shall provide the Fund with any report obtained by State Street on the U.S. Securities System’s 's accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 56) Anything to the contrary in this Agreement herein notwithstanding, State Street shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street or any of its agents or of any of its or their employees or from failure of State Street or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street with respect to any claim against the U.S. Securities System or any other person which State Street may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System subject to the following provisions: 01) Xxxxx Xxxxxx The Custodian may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street the Custodian in the U.S. Securities System (the “"U.S. Securities System Account”") which account shall not include any assets of State Street the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street the Custodian with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the Portfolio; 03) Xxxxx Xxxxxx The Custodian shall pay for securities purchased for the account of the Portfolio upon (ia) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, Account and (iib) the making of an entry on the records of State Street the Custodian to reflect such payment and transfer for the account of the Portfolio. State Street The Custodian shall transfer securities sold for the account of the Portfolio upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, Account and (ii) the making of an entry on the records of State Street the Custodian to reflect such transfer and payment for the account of the Portfolio. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio shall identify the Portfolio, be maintained for the Portfolio by State Street the Custodian and be provided to the Fund at its request. Upon request, State Street the Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio in the form of a written advice or notice and notice. The Custodian shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s 's transactions in the U.S. Securities System for the account of the Portfolio; 04) Xxxxx Xxxxxx The Custodian shall provide the Fund with any report obtained by State Street the Custodian on the U.S. Securities System’s 's accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System;; and 5) Anything to the contrary in this Agreement notwithstanding, State Street the Custodian shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street the Custodian or any of its agents or of any of its or their employees or from failure of State Street the Custodian or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it such Fund shall be entitled to be subrogated to the rights of State Street the Custodian with respect to any claim against the U.S. Securities System or any other person which State Street the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

Deposit of Fund Assets in U.S. Securities Systems. State Street may deposit and/or maintain securities owned by a Portfolio the Fund in a the U.S. Securities System Account subject to the following provisions: 01) Xxxxx Xxxxxx may keep securities of the Portfolio in a U.S. Securities System provided that such securities are represented in an account of State Street in the U.S. Securities System (the “U.S. Securities System Account”) which account Such Account shall not include any assets of State Street other than assets held as a fiduciary, custodian or otherwise for customers; 2) The records of State Street with respect to securities of the Portfolio which are maintained in a U.S. Securities System shall identify by book-entry those securities belonging to the PortfolioFund; 0) Xxxxx Xxxxxx shall pay for securities purchased for the account of the Portfolio Fund upon (i) receipt of advice from the U.S. Securities System that such securities have been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street to reflect such payment and transfer for the account of the PortfolioFund. State Street shall transfer securities sold for the account of the Portfolio Fund upon (i) receipt of advice from the U.S. Securities System that payment for such securities has been transferred to the U.S. Securities System Account, and (ii) the making of an entry on the records of State Street to reflect such transfer and payment for the account of the PortfolioFund. Copies of all advices from the U.S. Securities System of transfers of securities for the account of the Portfolio Fund shall identify the PortfolioFund, be maintained for the Portfolio Fund by State Street and be provided to the Fund at its request. Upon request, State Street shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio Fund in the form of a written advice or notice and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day’s transactions in the U.S. Securities System for the account of the PortfolioFund; 0) Xxxxx Xxxxxx shall provide the Fund with any report obtained by State Street on the U.S. Securities System’s accounting system, internal accounting control and procedures for safeguarding securities deposited in the U.S. Securities System; 5) Anything to the contrary in this Agreement notwithstanding, State Street shall be liable to the Fund for the benefit of the Portfolio for any loss or damage to the Portfolio Fund resulting from use of the U.S. Securities System by reason of any negligence, misfeasance or misconduct of State Street or any of its agents or of any of its or their employees or from failure of State Street or any such agent to enforce effectively such rights as it may have against the U.S. Securities System; at the election of the Fund, it shall be entitled to be subrogated to the rights of State Street with respect to any claim against the U.S. Securities System or any other person which State Street may have as a consequence of any such loss or damage if and to the extent that the Portfolio Fund has not been made whole for any such loss or damage.