Common use of Employment of a Custodian Clause in Contracts

Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all funds, securities and similar investments included in the Trust Property. The Custodian (and any sub-custodian) shall be a bank or other depository meeting such requirements as may be set forth in the Investment Company Act of 1940 and other applicable law and regulations for institutions serving as custodians of funds held by registered investment companies. The Custodian shall be appointed from time to time by the Trustees, who shall fix its remuneration.

Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian (including any sub-custodian for the Custodian) all funds, securities and similar investments included in the Trust Property. The Custodian (and any sub-custodian) shall be a bank or other depository meeting such requirements as may be set forth in the Investment Company Act of 1940 and other applicable law and regulations for institutions serving as custodians of funds held by registered investment companies. The Custodian shall be appointed from time to time by the TrusteesDirectors, who shall fix its remuneration.

Employment of a Custodian. The Trust shall place and at all times maintain in the custody of a Custodian custodian (including any sub-custodian for the Custodiancustodian) all funds, securities and similar investments included in the Trust Property. The Custodian custodian (and any sub-custodian) shall be a bank or other depository meeting such requirements as may be set forth in the Investment Company Act of 1940 1940, as amended, and other applicable law and regulations for institutions serving as custodians of funds held by registered investment companies. The Custodian custodian shall be appointed from time to time by the Trustees, who shall fix its remuneration.