Common use of Resignation or Removal of Custodian Clause in Contracts

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Company. Upon such resignation, the Investment Company shall notify the depositor, and shall appoint a successor custodian under this Agreement. The depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account or on or against the Custodian, and where necessary may liquidate shares in the custodial account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trustee.

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Company. Upon such resignation, the Investment Company shall notify the depositor, and shall appoint a successor custodian under this Agreement. The depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodianCustodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account or on or against the Custodian, and where necessary may liquidate shares in the custodial account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trustee.

Resignation or Removal of Custodian. The Company may remove the Custodian at any time, and the Custodian may resign at any time time, upon thirty (30) days notice in writing to the Investment CompanyDepositor (or following the death of the Depositor, the Beneficiary). Upon such resignationthe removal or resignation of the Custodian, the Investment Company may, but shall notify the depositornot be required to, and shall appoint a successor custodian under this Custodial Agreement. The depositor or the Investment Company at ; provided that any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written any such successor’s acceptance of such appointment by the successor custodianappointment, the Custodian shall transfer and pay over the assets of the Custodial Account, to such successor the assets of and records relating to the custodial account. The Custodian is authorizedcustodian; provided, however, that the Custodian is authorized to reserve such sum of money or property as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability liabilities constituting a charge on or against the assets of the custodial account Custodial Account, or on or against the Custodian, and where necessary may liquidate shares in Custodian or the custodial account for such paymentsCompany. Any balance Upon acceptance of such reserve remaining after the payment of all such items appointment, a successor custodian shall be paid over vested with all authority, discretionary or otherwise of the Custodian pursuant to the successor custodianthis Agreement. The Custodian shall not be liable for the acts or omissions of any predecessor or successor to it. If no successor custodian is appointed by the Company, the Custodial Account shall be terminated, and the assets of the Account, reduced by the amount of any unpaid fees or trusteeexpenses, will be distributed to the Depositor (or following the death of the Depositor, the Beneficiary).

Resignation or Removal of Custodian. The Company may remove the Custodian at any time, and the Custodian may resign at any time time, upon thirty (30) days notice in writing days’ notice, written or otherwise to the Investment CompanyDepositor (or, following the death of the Depositor, the Beneficiary). Upon such resignationthe removal or resignation of the Custodian, the Investment Company may, but shall notify the depositornot be required to, and shall appoint a successor custodian under this Custodial Agreement. The depositor or the Investment Company at ; provided that any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written any such successor’s acceptance of such appointment by the successor custodianappointment, the Custodian shall transfer and pay over the assets of the Custodial Account to such successor the assets of and records relating to the custodial account. The Custodian is authorizedcustodian; provided, however, that the Custodian is authorized to reserve such sum of money or property as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability liabilities constituting a charge on or against the assets of the custodial account Custodial Account, or on or against the Custodian, and where necessary may liquidate shares in Custodian or the custodial account for such paymentsCompany. Any balance Upon acceptance of such reserve remaining after the payment of all such items appointment, a successor custodian shall be paid over vested with all authority of the Custodian pursuant to the successor custodianthis Agreement. The Custodian shall not be liable for the acts or omissions of any predecessor or successor to it. If no successor custodian is appointed by the Company, the Custodial Account shall be terminated, and the assets of the Account, reduced by the amount of any unpaid fees or trusteeexpenses, will be distributed to the Depositor (or, following the death of the Depositor, the Beneficiary).

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Company. Upon such resignation, the Investment Company shall notify the depositorDepositor, and shall appoint a successor custodian under this Agreement. The depositor Depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodianCustodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial accountCustodial Account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account Custodial Account or on or against the Custodian, and where necessary may liquidate shares in the custodial account Custodial Account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodianCustodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trustee.

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Company. Upon such resignation, the Investment Company shall notify the depositor, and shall appoint a successor custodian under this Agreement. The depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the withthe custodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account or on or against the Custodian, and where necessary may liquidate shares in the custodial account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trustee.

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Company. Upon such resignation, the Investment Company shall notify the depositorDepositor, and shall appoint a successor custodian Custodian under this Agreement. The depositor Depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodianCustodian. Such notice must include designation of a successor custodianCustodian. The successor custodian Custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodianXxxxxxxxx, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account or on or against the Custodian, and where necessary may liquidate shares in the custodial account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodianCustodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian Custodian or trustee.

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Depositor and the Company. Upon such resignation, the Investment Depositor delegates to the Company shall notify the depositor, and shall responsibility to appoint a successor custodian under this Agreement. The depositor Depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodianCustodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial accountCustodial Account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account Custodial Account or on or against the Custodian, and where necessary may liquidate shares in the custodial account Custodial Account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodianCustodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trusteecustodian.

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Company. Upon such resignation, the Investment Company shall notify the depositorDepositor, and shall appoint a successor custodian under this Agreement. The depositor Depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodianCustodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial accountCustodial Account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account Custodial Account or on or against the Custodian, and where necessary may liquidate shares in the custodial account Custodial Account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodianCustodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trustee.

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Depositor and the Company. Upon such resignation, the Investment Depositor delegates to the Company shall notify the depositor, and shall responsibility to appoint a successor custodian under this Agreement. The depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodianCustodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial accountCustodial Account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account Custodial Account CUSTODIAL AGREEMENT 2------------------------------------------------------------------------------- or on or against the Custodian, and where necessary may liquidate shares in the custodial account Custodial Account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trusteecustodian.

Resignation or Removal of Custodian. The Custodian may resign at any time upon thirty (30) days notice in writing to the Investment Company. Upon such resignation, the Investment Company shall notify the depositor, and shall appoint a successor custodian under this Agreement. The depositor or the Investment Company at any time may remove the Custodian upon 30 days written notice to that effect in a form acceptable to and filed with the custodianwiththe Custodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account or on or against the Custodian, and where necessary may liquidate shares in the custodial account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trustee.

Resignation or Removal of Custodian. The Custodian may resign at ----------------------------------- any time upon thirty (30) days notice in writing to the Investment Company. Upon such resignation, the Investment Company shall notify the depositorDepositor, and shall appoint a successor custodian under this Agreementagreement. The depositor Depositor or the Investment Company at any time may remove the Custodian upon 30 thirty (30) days written notice to that the effect in a form acceptable to and filed with the custodianCustodian. Such notice must include designation of a successor custodian. The successor custodian shall satisfy the requirements of Section 408(h) of the Code. Upon receipt by the Custodian of written acceptance of such appointment by the successor custodian, the Custodian shall transfer and pay over to such successor the assets of and records relating to the custodial accountCustodial Account. The Custodian is authorized, however, to reserve such sum of money as it may deem advisable for payment of all its fees, compensation, costs and expenses, or for payment of any other liability constituting a charge on or against the assets of the custodial account Custodial Account or on or against the Custodian, and where necessary may liquidate shares in the custodial account Custodial Account for such payments. Any balance of such reserve remaining after the payment of all such items shall be paid over to the successor custodianCustodian. The Custodian shall not be liable for the acts or omissions of any predecessor or successor custodian or trustee.