Common use of Domestic Subcustodians and Securities Depositories Clause in Contracts

Domestic Subcustodians and Securities Depositories. The Custodian may deposit and/or maintain, either directly or through one or more agents appointed by the Custodian, Investments of the Fund in any Securities Depository in the United States, including The Depository Trust Company, provided such Depository meets applicable requirements of the Federal Reserve Bank or of the Securities and Exchange Commission. The Custodian may, at any time and from time to time, appoint any bank as defined in Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under Section 17(1) of the 1940 Act and the rules and regulations thereunder, to act on behalf of the Fund as a Subcustodian for purposes of holding Investments of the Fund in the United States. Notwithstanding the foregoing, nothing in this Section shall relieve the Custodian of its administrative obligations under this Agreement in connection with the appointment of Subcustodians and Securities Depositories. In addition, the Custodian may appoint as a depository an entity described in Section 5.6 of this Agreement.

Domestic Subcustodians and Securities Depositories. The Custodian may deposit and/or maintain, either directly or through one or more agents appointed by the Custodian, Investments of the Fund in any Securities Depository in the United States, including The Depository Trust Company, provided such Depository meets applicable requirements of the Federal Reserve Bank or of the Securities and Exchange Commission. The Custodian may, at any time and from time to time, appoint any bank as defined in Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under Section 17(117(f) of the 1940 Act and the rules and regulations thereunder, to act on behalf of the Fund as a Subcustodian for purposes of holding Investments of the Fund in the United States. Notwithstanding the foregoing, nothing in this Section shall relieve the Custodian of its administrative obligations under this Agreement in connection with the appointment of Subcustodians and Securities Depositories. In addition, the Custodian may appoint as a depository an entity described in Section 5.6 of this Agreement.