Common use of EMPLOYMENT OF SUB-CUSTODIAN AND PROPERTY TO BE HELD BY IT Clause in Contracts

EMPLOYMENT OF SUB-CUSTODIAN AND PROPERTY TO BE HELD BY IT. The Custodian and the Fund hereby employ the Sub-Custodian as the Sub-Custodian of the assets of the Portfolios of the Fund, including securities which the Fund, on behalf of the applicable Portfolio desires to be held in places within the United States ("domestic securities") and securities it desires to be held outside the United States ("foreign securities") pursuant to the provisions of the Articles of Incorporation. The Fund on behalf of the Portfolio(s) agrees to deliver to the Sub-Custodian all securities and cash of the Portfolios, and all payments of income, payments of principal or capital distributions received by it with respect to all securities owned by the Portfolio(s) from time to time, and the cash consideration received by it for such new or treasury shares of capital stock of the Fund representing interests in the Portfolios, ("Shares") as may be issued or sold from time to time. The Sub-Custodian shall not be responsible for any property of a Portfolio held or received by the Portfolio and not delivered to the Sub-Custodian.

EMPLOYMENT OF SUB-CUSTODIAN AND PROPERTY TO BE HELD BY IT. The Custodian and the Fund hereby employ the Sub-Custodian as the Sub-Custodian of the assets of the Portfolios of the Fund, including securities which the Fund, on behalf of the applicable Portfolio desires to be held in places within the United States ("domestic securities") and securities it desires to be held outside the United States ("foreign securities") pursuant to the provisions of the Articles Declaration of IncorporationTrust. The Fund on behalf of the Portfolio(s) agrees to deliver to the Sub-Custodian all securities and cash of the Portfolios, and all payments of income, payments of principal or capital distributions received by it with respect to all securities owned by the Portfolio(s) from time to time, and the cash consideration received by it for such new or treasury shares of capital stock beneficial interest of the Fund representing interests in the Portfolios, ("Shares") as may be issued or sold from time to time. The Sub-Custodian shall not be responsible for any property of a Portfolio held or received by the Portfolio and not delivered to the Sub-Custodian.