Common use of Proxies Clause in Contracts

Proxies. With respect to the foreign securities held under this Section 3, the Custodian will use reasonable commercial efforts to facilitate the exercise of voting and other shareholder proxy rights, subject always to the laws, regulations and practical constraints that may exist in the country where such securities are issued. The Fund acknowledges that local conditions, including lack of regulation, onerous procedural obligations, lack of notice and other factors may have the effect of severely limiting the ability of the Fund to exercise shareholder rights.

Proxies. With The Custodian will generally, with respect to the foreign securities held under this Section Article 3, the Custodian will use reasonable commercial best efforts accepted by Institutional Clients to facilitate the exercise of voting and other shareholder proxy rights, subject always to the laws, regulations and practical constraints that may exist obtain in the country jurisdiction where such securities are issued. The Fund acknowledges that local conditions, including lack of regulation, onerous procedural obligations, lack of notice and other factors conditions may have the effect of severely limiting the ability of the Fund to exercise shareholder rights.

Proxies. With The Custodian will generally, with respect to the foreign securities held under this Section Article 3, the Custodian will use reasonable commercial best efforts accepted by Institutional Clients to facilitate the exercise of voting and other shareholder proxy rights, subject always to the laws, regulations and practical constraints that may exist obtain in the country jurisdiction where such securities are issued. The Fund acknowledges that local conditions, including lack of regulation, onerous procedural obligations, lack of notice and other factors conditions may have the effect of severely limiting the ability of the Fund to exercise shareholder rights.