Common use of Notice of Custodian's Inability to Perform Clause in Contracts

Notice of Custodian's Inability to Perform. The Custodian shall promptly notify the Funds in writing by facsimile transmission or such other manner as the Funds may designate, if, for any reason: (a) the Custodian determines that it is unable to perform any of its duties or obligations hereunder or its duties or obligations with respect to any repurchase transaction; or (b) the Custodian reasonably foresees that it will be unable to perform any such duties or obligations.

Appears in 72 contracts

Samples: Joint Trading Account Custody Agreement (Fidelity Investment Trust), Joint Trading Account Custody Agreement (Fidelity Securities Fund), Joint Trading Account Custody Agreement (Fidelity Beacon Street Trust)

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Notice of Custodian's Inability to Perform. The Custodian shall promptly notify the Funds in writing by facsimile transmission or such other manner as the Funds may designate, if, for any reason: (a) the Custodian determines that it is unable to perform any of its duties or obligations hereunder or its duties or obligations with respect to any repurchase transaction; or (b) the Custodian reasonably foresees that it will be unable to perform any such duties or obligations.. ARTICLE III -

Appears in 30 contracts

Samples: Joint Trading Account Custody Agreement (Fidelity Capital Trust), Joint Trading Account Custody Agreement (Fidelity Select Portfolios), Joint Trading Account Custody Agreement (Fidelity Covington Trust)

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