GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 19 contracts
Samples: Custodian Agreement (Security Equity Fund), Custodian Agreement (Security Equity Fund), Custodian Agreement (RWB Funds Investment Trust)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For -------------------------------------------------- purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 4 contracts
Samples: Custodian Agreement (Security Capital U S Real Estate Shares Inc), Custodian Agreement (Security Capital U S Real Estate Shares Inc), Custodian Agreement (Holland Series Fund Inc)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 4 contracts
Samples: Custodian Agreement (Davis Variable Account Fund Inc), Custodian Agreement (Cypresstree Senior Rate Fund), Custodian Agreement (North American Senior Floating Rate Fund Inc)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section Article 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfoliosa Portfolio, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund Fund, on behalf of the Portfolios, and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section Article 3 with respect to Mandatory Securities Depositories.
Appears in 3 contracts
Samples: Custodian Contract (Aberdeen Global Income Fund Inc), Custodian Contract (Longleaf Partners Funds Trust), Custodian Contract (Davis Series Inc)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section Article 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section Article 3 with respect to Mandatory Securities Depositories.
Appears in 3 contracts
Samples: Custodian Contract (Msd&t Funds Inc), Custodian Contract (Cigna Variable Products Group), Custodian Contract (Cigna Funds Group)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the PortfoliosPortfolio(s). The Fund, on behalf of the PortfoliosPortfolio(s), and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 1 contract
Samples: Bb&t Funds /
