Mitigation by Custodian. Upon the occurrence of any event connected with the duties of the Custodian under this Contract which causes or may cause any loss, damage or expense to the Fund, (i) the Custodian shall, and (ii) shall exercise reasonable efforts to cause any subcustodian to, use reasonable efforts and take all reasonable steps under the circumstances to mitigate the effects of such event and to avoid continuing harm to the Fund.
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Samples: Custodian Contract (Aim Floating Rate Fund), Custodian Contract (Gt Global Select Floating Rate Fund), Custodian Contract (Gt Global Floating Rate Fund Inc)
Mitigation by Custodian. Upon the occurrence of any event connected with the duties of the Custodian under this Contract which causes or may cause any loss, damage or expense to the FundFund or any Portfolio, (i) the Custodian shall, and (ii) shall exercise reasonable efforts to cause any subcustodian sub-custodian to, use reasonable efforts and take all reasonable steps under the circumstances to mitigate the effects effect of such event and to avoid continuing harm to the FundFund and the Portfolios.
Appears in 2 contracts
Samples: Custodian Contract (Paine Webber Kidder Peabody Municipal Money Market Series), Custodian Contract (Painewebber Pace Select Advisors Trust)
Mitigation by Custodian. Upon the occurrence of any event connected with the duties of the Custodian under this Contract which causes or may cause any loss, damage or expense to the Funda Portfolio, (i) the Custodian shall, and (ii) shall exercise reasonable efforts to cause any subcustodian to, use reasonable efforts and take all reasonable steps under the circumstances to mitigate the effects of such event and to avoid continuing harm to the FundPortfolio.
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Mitigation by Custodian. Upon the occurrence of any event connected with the duties of the Custodian under this Contract which causes or may cause any loss, damage or expense to the FundPortfolio, (i) the Custodian shall, and (ii) shall exercise reasonable efforts to cause any subcustodian to, use reasonable efforts and take all reasonable steps under the circumstances to mitigate the effects of such event and to avoid continuing harm to the FundPortfolio.
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Mitigation by Custodian. Upon the occurrence of any event connected with the duties of the Custodian under this Contract which causes or may cause any loss, damage or expense to the Fund, (i) the Custodian shall, and (ii) shall exercise reasonable efforts to cause any subcustodian sub-custodian to, use reasonable efforts and take all reasonable steps under the circumstances to mitigate the effects effect of such event and to avoid continuing harm to the Fund.
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