Liability of the Custodian with Respect to Proper Instructions; Evidence of Authority, Etc. The Custodian shall not be liable for any action taken or omitted in reliance upon proper instructions believed by it to be genuine or upon any other written notice, request, direction, instruction, certificate or other instrument believed by it to be genuine and signed by the proper party or parties. The Secretary or Assistant Secretary of each Fund shall certify to the Custodian the names, signatures and scope of authority of all persons authorized to give proper instructions or any other such notice, request, direction, instruction, certificate or instrument on behalf of the Fund, the names and signatures of the officers of the Fund, the name and address of the Shareholder Servicing Agent, and any resolutions, votes, instructions or directions of the Fund’s Board of Directors or Trustees or shareholders. Such certificate may be accepted and relied upon by the Custodian as conclusive evidence of the facts set forth therein and may be considered in full force and effect until receipt of a similar certificate to the contrary. So long as and to the extent that it is in the exercise of reasonable care, the Custodian shall not be responsible for the title, validity or genuineness of any property or evidence of title, thereto received by it or delivered by it pursuant to this Agreement. The Custodian shall be entitled, at the expense of the appropriate Fund or Funds, to receive and act upon advice of (i) counsel regularly retained by the Custodian in respect of custodian matters, (ii) counsel for such Fund or Funds, or (iii) such other counsel as such Fund or Funds and the Custodian may agree upon, with respect to all matters, and the Custodian shall be without liability for any action reasonably taken or omitted pursuant to such advice.
Liability of the Custodian with Respect to Proper Instructions; Evidence of Authority, Etc. The Custodian shall not be liable for, and shall be indemnified by the Fund for losses or damages incurred or assessed against the Custodian as a result of, any action taken or omitted in reliance upon Proper Instructions or upon any other written notice, request, direction, instruction, certificate or other instrument believed by it to be genuine. The Custodian shall be entitled, at the expense of the Fund, to receive and act upon advice of (a) its own counsel or counsel which it selects, (b) counsel for the Fund, or (c) such other counsel as the Fund and the Custodian may agree upon, with respect to all matters. The Custodian shall be without liability for any action taken or omitted pursuant to such advice.
Liability of the Custodian with Respect to Proper Instructions; Evidence of Authority, Etc. The Custodian shall not be liable for, and shall be indemnified by the Fund for losses or damages incurred or assessed against the Custodian as a result of, any action taken or omitted in reliance upon Proper Instructions or upon any other written notice, request, direction, instruction, certificate or other instrument believed by it to be genuine. The Custodian shall be entitled, at the expense of the Fund, to receive and act upon advice of (a) counsel for the Fund or (b) such other counsel as the Fund and the Custodian may agree upon, with respect to all matters and shall be entitled to reasonable reliance on advice of other counsel. The Custodian shall be without liability for any action taken or omitted in good faith pursuant to such advice; provided however, the Custodian shall exercise reasonable care in the conduct of actions or omissions taken pursuant to such advice.
Liability of the Custodian with Respect to Proper Instructions; Evidence of Authority, Etc. 17 6.2 Liability of the Custodian with Respect to Use of Securities Systems and Foreign Depositories 17 6.3 Standard of Care; Liability; Indemnification 18 6.4 Reimbursement of Disbursements, Etc. 19 6.5 Security for Obligations to Custodian 19 6.6 Appointment of Agents 19 6.7
Liability of the Custodian with Respect to Proper Instructions; Evidence of Authority, Etc the Custodian shall not be liable for, and shall be indemnified by the Fund for losses or damages incurred or assessed against the Custodian as a result of, any action taken or omitted in reliance upon Proper Instructions or upon any other written notice, request, direction, instruction, certificate or other instrument believed by it to be genuine provided that the Custodian shall be responsible for losses, costs or expenses which the Fund incurs as direct result of the Custodian's negligence in carrying out any Proper Instruction. The Custodian shall be entitled to receive and act upon advice of (a) its own counsel or counsel which it selects, (b) counsel for the Fund, or (c) such other counsel as the Fund and the Custodian may agree upon, with respect to all matters. The Custodian shall be without liability for any action taken or omitted pursuant to advice given by counsel previously approved by the Fund.
