Common use of Foreign Sub-Custodians Clause in Contracts

Foreign Sub-Custodians. With respect to Foreign Sub-Custodians, Custodian shall continuously monitor the eligibility of the Foreign Sub-Custodian and if, at any time, Custodian determines that any Foreign Sub-Custodian no longer satisfies the requirements of SEC Rule 17f-5(c)(2), Custodian shall promptly provide written notice to Client and will act upon Authorized Instructions.

Appears in 5 contracts

Samples: Custody Agreement (Prudential Variable Contract Account 11), Custody Agreement (Prudential Variable Contract Account 24), Custody Agreement (Prudential Variable Contract Account 2)

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