Common use of FOREIGN SECURITIES SYSTEMS Clause in Contracts

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the Trust, assets of the Trust shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, a “Foreign Securities System”) only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “Securities Systems”). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Fund shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, each a “Foreign Securities System”"FOREIGN SECURITIES SYSTEM") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “Securities Systems”"SECURITIES SYSTEMS"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the Trust, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustCompany, assets of the Trust Company shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”System"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in -------------------------- writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-sub- custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the each Trust, assets of the such Trust shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, a “Foreign Securities System”) only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “Securities Systems”). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-sub- custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the Trusteach Fund, assets of the Trust each Fund shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, each a “Foreign Securities System”) only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “Securities Systems”). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.6 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3B.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in -------------------------- writing by the Sub-Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Funds shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the Custodian or by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, each a “Foreign Securities System”) only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “Securities Systems”). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to collectively herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in -------------------------- writing by the Custodian and the TrustFund, assets of the Trust Funds shall be maintained indirectly in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in --------------------------- writing by the Custodian and the TrustFund, assets of the Trust Fund shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located held outside the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the Trust, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, each a “Foreign Securities System”) only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “Securities Systems”). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in writing by the Custodian and the TrustFund, assets of the Trust Fund shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside the United States (each, a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”System'.). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.

FOREIGN SECURITIES SYSTEMS. Except as may otherwise be agreed upon in -------------------------- writing by the Custodian and the TrustFund, assets of the Trust Portfolios shall be maintained in a clearing agency which acts as a securities depository or in a book-entry system for the central handling of securities located outside of the United States (each, each a “"Foreign Securities System”") only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof hereof. (Foreign Securities Systems and U.S. Securities Systems are collectively referred to herein as the “"Securities Systems”"). Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.4 3.5 hereof.