Common use of Interim Sub-Subcustodians Clause in Contracts

Interim Sub-Subcustodians. Notwithstanding the foregoing, in the event that the Fund shall invest in a security or other Asset to be held in a country in which the Foreign Custody Manager has not appointed an Eligible Foreign Custodian, the Custodian shall, or shall cause the Domestic Subcustodian to, promptly notify the Fund in writing by facsimile transmission or in such other manner as the Fund and Custodian shall agree in writing of the unavailability of an approved Foreign Sub-Subcustodian in such country; and upon the receipt of Special Instructions, the Custodian shall, or shall cause the Domestic Subcustodian to, appoint or approve any Person (as hereinafter defined) designated by the Fund in such Special Instructions, to hold such security or other Asset. (Any Person appointed or approved as a sub-subcustodian pursuant to this Section 4.02(b) is hereinafter referred to as an "Interim Sub-Subcustodian.")

Appears in 38 contracts

Samples: Custodian Agreement (Waddell & Reed Advisors Value Fund Inc), Custodian Agreement (Waddell & Reed Advisors Global Bond Fund Inc), Invca Custodian Agreement (Waddell & Reed Invested Portfolios Inc)

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Interim Sub-Subcustodians. Notwithstanding the foregoing, in the event that the Fund shall invest in a security or other Asset to be held in a country in which the no Foreign Custody Manager has not appointed an Eligible Foreign CustodianSub-Subcustodian is authorized to act, the Custodian shall, or shall cause the Domestic Subcustodian to, promptly notify the Fund in writing by facsimile transmission or in such other manner as the Fund and Custodian shall agree in writing of the unavailability of an approved Foreign Sub-Subcustodian in such country; and upon the receipt of Special Instructions, the Custodian shall, or shall cause the Domestic Subcustodian to, appoint or approve any Person (as hereinafter defined) designated by the Fund in such Special Instructions, to hold such security or other Asset. (Any Person appointed or approved as a sub-subcustodian pursuant to this Section 4.02(b) is hereinafter referred to as an "Interim Sub-Subcustodian.")

Appears in 23 contracts

Samples: Cmca Custodian Agreement (United Cash Management Inc), Custodian Agreement (TMK United Funds Inc), Custodian Agreement (TMK United Funds Inc)

Interim Sub-Subcustodians. Notwithstanding the foregoing, in the event that the Fund shall invest in a security or other Asset to be held in a country in which the no Foreign Custody Manager has not appointed an Eligible Foreign CustodianSub-Subcustodian is authorized to act, the Custodian shall, or shall cause the Domestic Subcustodian to, promptly notify the Fund in writing by facsimile transmission or in such other manner as the Fund and Custodian shall agree in writing of the unavailability of an approved Foreign Sub-Sub- Subcustodian in such country; and upon the receipt of Special Instructions, the Custodian shall, or shall cause the Domestic Subcustodian to, appoint or approve any Person (as hereinafter defined) designated by the Fund in such Special Instructions, to hold such security or other Asset. (Any Person appointed or approved as a sub-subcustodian pursuant to this Section 4.02(b) is hereinafter referred to as an "Interim Sub-Subcustodian.")

Appears in 2 contracts

Samples: Custodian Agreement (Waddell & Reed Funds Inc), Custodian Agreement (Waddell & Reed Funds Inc)

Interim Sub-Subcustodians. Notwithstanding the foregoing, in the event that the Fund shall invest in a security or other Asset to be held in a country in which the Foreign Custody Manager has not appointed an Eligible Foreign Custodian, the Custodian shall, or shall cause the Domestic Subcustodian to, promptly notify the Fund in writing by facsimile transmission or in such other manner as the Fund and Custodian shall agree in writing of the unavailability of an approved Foreign Sub-Subcustodian in such country; and upon the receipt of Special Instructions, the Custodian shall, or shall cause the Domestic Subcustodian to, appoint or approve any Person (as hereinafter defined) designated by the Fund in such Special Instructions, to hold such security or other Asset. (Any Person appointed or approved as a sub-subcustodian pursuant to this Section 4.02(b) is hereinafter referred to as an "Interim Sub-Subcustodian.")) Section 4.03.

Appears in 2 contracts

Samples: Custodian Agreement (United Tax Managed Equity Fund Inc), Custodian Agreement (United Cash Management Inc)

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Interim Sub-Subcustodians. Notwithstanding the foregoing, in the event that the Fund shall invest in a security or other Asset to be held in a country in which the tje Foreign Custody Manager has not appointed an Eligible Foreign Custodian, the Custodian shall, or shall cause the Domestic Subcustodian to, promptly notify the Fund in writing by facsimile transmission or in such other manner as the Fund and Custodian shall agree in writing of the unavailability of an approved Foreign Sub-Subcustodian in such country; and upon the receipt of Special Instructions, the Custodian shall, or shall cause the Domestic Subcustodian to, appoint or approve any Person (as hereinafter defined) designated by the Fund in such Special Instructions, to hold such security or other Asset. (Any Person appointed or approved as a sub-subcustodian pursuant to this Section 4.02(b) is hereinafter referred to as an "Interim Sub-Subcustodian.")

Appears in 2 contracts

Samples: Custodian Agreement (United Funds Inc), Custodian Agreement (United Funds Inc)

Interim Sub-Subcustodians. Notwithstanding the foregoing, in the event that the Fund shall invest in a security or other Asset to be held in a country in which the Foreign Custody Manager has not appointed an Eligible Foreign Custodian, the Custodian shall, or shall cause the Domestic Subcustodian to, promptly notify the Fund in writing by facsimile transmission or in such other manner as the Fund and Custodian shall agree in writing of the unavailability of an approved Foreign Sub-Subcustodian in such country; and upon the receipt of Special Instructions, the Custodian shall, or shall cause the Domestic Subcustodian to, appoint or approve any Person (as hereinafter defined) designated by the Fund in such Special Instructions, to hold such security or other Asset. (Any Person appointed or approved as a sub-subcustodian pursuant to this Section 4.02(b) is hereinafter referred to as an "Interim Sub-Sub- Subcustodian.")

Appears in 1 contract

Samples: Custodian Agreement (United Cash Management Inc)

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