Common use of Domestic Subcustodians Clause in Contracts

Domestic Subcustodians. The Custodian may, at any time and from time to time, appoint any bank, trust company or other entity which is itself qualified under the Investment Company Act to act as a custodian, to act for the Custodian on behalf of any one or more Funds as a subcustodian for purposes of holding Assets of such Fund(s) and performing other functions of the Custodian within the United States (a “Domestic Subcustodian”). Each Fund shall approve in writing the appointment of the proposed Domestic Subcustodian; and the Custodian’s appointment of any such Domestic Subcustodian shall not be effective without such prior written approval of the Fund(s) or as otherwise provided under the Investment Company Act. Each such duly approved Domestic Subcustodian shall be reflected on Appendix A hereto.