Common use of INCLUDED SERVICE ENHANCEMENTS Clause in Contracts

INCLUDED SERVICE ENHANCEMENTS. If, in the ordinary course of its business, the Custodian enhances core system processing functionality that it uses in connection with the Services, the Custodian shall use such enhanced core system processing enhancements in performing the Services hereunder, at no additional charge to the Funds, as soon as the Custodian reasonably determines that such use is appropriate. To the extent the Custodian reasonably determines that such enhanced core system processing enhancements are relevant to the Funds’ receipt of the Services, the Custodian shall inform the Funds of such core system processing enhancements.

Appears in 22 contracts

Samples: Master Custodian Agreement (Putnam Pennsylvania Tax Exempt Income Fund), Master Custodian Agreement (Putnam Variable Trust), Master Custodian Agreement (Putnam ETF Trust)

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INCLUDED SERVICE ENHANCEMENTS. If, in the ordinary course of its business, the Custodian enhances core system processing functionality that it uses in connection with the Services, the Custodian shall use such enhanced core system processing enhancements in performing the Services hereunder, at no additional charge to the Funds, as soon as the Custodian reasonably determines that such use is appropriate. To the extent the Custodian reasonably determines that such enhanced core system processing enhancements are relevant to the Funds’ receipt of the Services, the Custodian shall inform the Funds of such core system processing enhancements.are

Appears in 1 contract

Samples: Master Custodian Agreement (Putnam Arizona Tax Exempt Income Fund)

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