INSOLVENCY OF ELIGIBLE FOREIGN CUSTODIANS. The Custodian shall not be responsible or liable for any losses or damages suffered by the Funds arising as a result of the insolvency of any Foreign Custodian except with respect to any Foreign Custodian in any Selected Country which the Custodian appointed in accordance with the provisions of Article II but only to the extent that the Custodian failed to comply with the standard of care set forth in Article II with respect to the selection and monitoring of such Foreign Custodian.
Appears in 8 contracts
Samples: Delegation, Custody and Information Services Agreement (JNL Variable Fund LLC), Delegation, Custody and Information Services Agreement (Jnlny Variable Fund Ii LLC), Delegation, Custody and Information Services Agreement (JNL Variable Fund v LLC)
INSOLVENCY OF ELIGIBLE FOREIGN CUSTODIANS. The Custodian shall not be responsible or liable for any losses or damages suffered by the Funds a Fund arising as a result of the insolvency of any Foreign Custodian except with respect to any Foreign Custodian in any Selected Country which the Custodian appointed in accordance with the provisions of Article II but only to the extent that the Custodian failed to comply with the standard of care set forth in Article II with respect to the selection and monitoring of such Foreign Custodian.
Appears in 2 contracts
Samples: Delegation, Custody and Information Services Agreement (Sierra Asset Management Portfolios), Delegation, Custody and Information Services Agreement (Composite Bond & Stock Fund Inc)
INSOLVENCY OF ELIGIBLE FOREIGN CUSTODIANS. The Custodian shall not be responsible or liable for any losses or damages suffered by the Funds a Fund arising as a result of the insolvency of any Foreign Custodian except with respect to any Foreign Custodian in any Selected Country which the Custodian appointed in accordance with the provisions of Article II but only to the extent that the Custodian failed to comply with the standard of care set forth in Article II with respect to the selection and monitoring of such Foreign Custodian.the
Appears in 1 contract
Samples: Delegation, Custody and Information Services Agreement (Wm Strategic Asset Management Portfolios)
