DEPOSITORIES AND SUBCUSTODIANS Sample Clauses
DEPOSITORIES AND SUBCUSTODIANS. Bank shall have no responsibility or liability whatsoever for the actions or omissions of any Depository. Bank’s liability for the actions or omissions of any Subcustodian is limited to the failure on the part of Bank to exercise reasonable care in the selection or retention of such Subcustodian in light of prevailing settlement and securities handling practices, procedures and controls in the relevant market. With respect to damages, claims, costs expenses or liabilities (“Losses”), as a result of the inactions or omissions of any Subcustodian, Bank shall take appropriate action to recover such Losses, and Bank’s sole responsibility and liability to Lender shall be limited to amounts so received from such Subcustodian (exclusive of costs and expenses incurred by Bank). Dated: By: Title: THE BANK OF NEW YORK By: Title: o Approved Investments o “AAA” (or equivalent) rated non-subordinated debt issued by the International Bank for Reconstruction and Development, European Bank for Reconstruction and Development, European Investment Bank, Asian Development Bank, African Development Bank or Inter-American Development Bank o certificates of deposit, time deposits and other bank deposit obligations issued outside the U.S. by banks operating under the laws of any OECD country
DEPOSITORIES AND SUBCUSTODIANS. Bank shall have no responsibility or liability whatsoever for the actions or omissions of any Depository. Bank’s liability for the actions or omissions of any Subcustodian is limited to the failure on the part of Bank to exercise reasonable care in the selection or retention of such Subcustodian in light of prevailing settlement and securities handling practices, procedures and controls in the relevant market. With respect to damages, claims, costs expenses or liabilities (“Losses”), as a result of the inactions or omissions of any Subcustodian, Bank shall take appropriate action to recover such Losses, and Bank’s sole responsibility and liability to Lender shall be limited to amounts so received from such Subcustodian (exclusive of costs and expenses incurred by Bank). Dated: April 29, 2010 On behalf of each Investment Company listed on Exhibit A hereto By: Title: Treasurer THE BANK OF NEW YORK MELLON By: Title: x Approved Investments Bank is hereby authorized to invest and reinvest Cash Collateral in the following investments: Investment x Securities issued or fully guaranteed by the United States government or any agency, instrumentality or establishment of the United States government (“Government Securities”) x Fully collateralised repurchase and reverse repurchase transactions involving Government Securities collateral with specified counterparties x Securities, units, shares and other participations in money market funds and short term investment funds (including those managed by The Bank of New York Mellon) that invest solely in Government Securities. Dated: April 29, 2010 , On behalf of each Investment Company listed on Exhibit A hereto Title: Treasurer The Bank is hereby authorized to make the following types of Loans pursuant to the Global Securities Lending Supplement: ¨ Securities loans vs. receipt of Non-U.S. Collateral x Non-U.S. Securities loans vs. receipt of Collateral ¨ Non-U.S. Securities loans vs. receipt of Non-U.S. Collateral Dated: April 29, 2010 , On behalf of each Investment Company listed on Exhibit A hereto Title: Treasurer Maxim MFS International Growth Portfolio BNY Account 234110 Maxim MFS International Value Portfolio BNY Account 269505 Maxim Invesco ADR Portfolio BNY Account 234255 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Bond Portfolio BNY Account 269501 ▇▇▇▇▇ ▇ ▇▇▇▇ Price Equity Income Portfolio BNY Account 269502 AMENDMENT made as of March 1, 2011 to that certain Securities Lending Agreement and Guaranty, dated as of November 2, 2001, as ame...