Common use of Liability of Foreign Subcustodians Clause in Contracts

Liability of Foreign Subcustodians. Each agreement pursuant to which the Custodian employs a foreign banking institution as a foreign subcustodian shall require the institution to exercise reasonable care in the performance of its duties and to indemnify, and hold harmless, the Custodian and each Fund from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the institution’s performance of such obligations. At the election of the Trust, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claims against a foreign banking institution as a consequence of any such loss, damage, cost, expense, liability or claim if and to the extent that the Trust has not been made whole for any such loss, damage, cost, expense, liability or claim.

Liability of Foreign Subcustodians. Each agreement pursuant to which the Custodian employs a foreign banking institution as a foreign subcustodian shall require the institution to exercise reasonable care in the performance of its duties and to indemnify, and hold harmless, the Custodian and each Fund from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the institution’s 's performance of such obligations. At the election of the TrustFund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claims against a foreign banking institution as a consequence of any such loss, damage, cost, expense, liability or claim if and to the extent that the Trust Fund has not been made whole for any such loss, damage, cost, expense, liability or claim.

Liability of Foreign Subcustodians. Each agreement pursuant to which the ---------------------------------- Custodian employs a foreign banking institution as a foreign subcustodian shall require the institution to exercise reasonable care in the performance of its duties and to indemnify, and hold harmless, the Custodian and each Fund from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the institution’s 's performance of such obligations. At the election of the Trust, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claims against a foreign banking institution as a consequence of any such loss, damage, cost, expense, liability or claim if and to the extent that the Trust has not been made whole for any such loss, damage, cost, expense, liability or claim.

Liability of Foreign Subcustodians. Each agreement pursuant to which the Custodian employs a foreign banking institution as a foreign subcustodian shall require the institution to exercise reasonable care in the performance of its duties and to indemnify, and hold harmless, the Custodian and each the Fund from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the institution’s 's performance of such obligations. At the election of the TrustFund, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claims against a foreign banking institution as a consequence of any such loss, damage, cost, cost expense, liability or claim if and to the extent that the Trust Fund has not been made whole for any such loss, damage, cost, expense, liability or claim.