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 a Fund as principal, as the Custodian and the 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 an Instruction in the absence of a specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian may as principal undertake foreign exchange transactions with a the Fund as principal, as the Custodian and the 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 an Instruction in the absence of a specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx mxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian may as principal undertake foreign exchange transactions with a Fund as principal, as the Custodian and the 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 an Instruction in the absence of a specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian may as principal undertake foreign exchange transactions with a the Fund as principal, as the Custodian and the Trust or Sponsor on behalf of the 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 an Instruction in the absence of a specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian may undertake foreign exchange transactions with a the Fund as principal, as the Custodian and the 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 an Instruction in the absence of a specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian Custodian, as principal, may undertake such foreign exchange transactions with a the Fund as principal, as the Custodian and the Fund may agree from time to time. In such this 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 an Instruction in the absence of a specific agreement, such the transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx mark to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian as principal may undertake foreign exchange transactions with a Fund as principal, the Company as the Custodian and the Fund Company may agree from time to time. In such this 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 an Instruction in the absence of a specific agreement, such the transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund Company defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund Company shall be liable for contracted currency of the transaction together with any xxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian may as principal undertake foreign exchange transactions with a the Fund as principal, as the Custodian and the 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 an Instruction in the absence of a specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian Custodian, as principal, may undertake such foreign exchange transactions with a the Fund as principal, as the Custodian and the Fund may agree from time to time. In such this 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 an Instruction in the absence of a specific agreement, such the transaction will be performed in accordance with the usual commercial terms of the Custodian. , In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian Custodian, as principal, may undertake such foreign exchange transactions with a the Fund as principal, as the Custodian and the Fund Trust may agree from time to time. In such this 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 an Instruction in the absence of a specific agreement, such the transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund a party defaults on the settlement of any such foreign exchange transaction with the Custodianother party, the Fund defaulting party shall be liable for contracted currency of the transaction together with any xxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodiannon-defaulting party.

Foreign Exchange with the Custodian as Principal. The Custodian Custodian, as principal, may undertake such foreign exchange transactions with a the Fund as principal, as the Custodian and the Fund may agree from time to time. In such this 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 an Instruction in the absence of a specific agreement, such the transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx mxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.

Foreign Exchange with the Custodian as Principal. The Custodian may as principal undertake foreign exchange transactions with a the Fund as principal, as the Custodian and the Trust or Sponsor on behalf of the 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 an Instruction in the absence of a specific agreement, such transaction will be performed in accordance with the usual commercial terms of the Custodian. In the event that the Fund defaults on the settlement of any such foreign exchange transaction with the Custodian, the Fund shall be liable for contracted currency of the transaction together with any xxxx mxxx to market exposure associated with the replacement purchase of the contracted currency undertaken with the Custodian.