Common use of Foreign Exchange with the Custodian as Principal Clause in Contracts

Foreign Exchange with the Custodian as Principal. The Custodian may undertake foreign exchange transactions with the Trust as principal as the Custodian and the Trust may agree from time to time. In such event, the foreign exchange transaction will be performed in accordance with the particular agreement of the parties, or in the event a principal foreign exchange transaction is initiated by Instruction in the absence of specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian may undertake foreign exchange transactions with the Trust fund as principal as the Custodian and the Trust Fund may agree from time to time. In such event, the foreign exchange transaction will be performed in accordance with the particular agreement of the parties, or in the event a principal foreign exchange transaction is initiated by Instruction in the absence of specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian as principal may undertake enter into foreign exchange transactions with the Trust as principal Company as the Custodian and the Trust Company may agree from time to time. In such event, the foreign exchange transaction will be performed in accordance with the particular agreement of the parties, or in the event a principal foreign exchange transaction is initiated by Instruction in the absence of a specific agreement, such transaction will be performed in accordance with the usual commercial terms of the CustodianCustodian and with Section 12.10 of this Agreement. .