Common use of Foreign Subcustodians Clause in Contracts

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors of the Fund (which approval may be withheld in the sole discretion of such Board of Directors) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and the securities depositories or clearing agencies (meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors Trustees of the Fund (which approval may be withheld in the sole discretion of such Board of DirectorsBoard) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and the securities depositories or clearing agencies (meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 ActAct and the rules and regulations thereunder or exempted therefrom by order of the SEC) through which, any proposed Foreign Subcustodian is authorized to hold Securities, cash and other assets of the Fund

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors Trustees of the Fund (which approval may be withheld in the sole discretion of such Board of DirectorsBoard) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and the securities depositories or clearing agencies (meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 ActAct and the rules and regulations thereunder or exempted therefrom by order of the SEC) through which, any proposed Foreign Subcustodian is authorized to hold Securities, cash and

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors Trustees of the Fund (which approval may be withheld in the sole discretion of such Board of DirectorsTrustees) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and the securities depositories or clearing agencies (meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Acteligible