Common use of Securities Depositories Clause in Contracts

Securities Depositories. (1) The Custodian (or the Domestic Subcustodian) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's Foreign Assets with each Eligible Securities Depository utilized directly or indirectly by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's Foreign Assets at such depository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) shall monitor the custody risks associated with maintaining the Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. (1) The Custodian (or the Domestic Subcustodian) may place and maintain a Fund's ’s Foreign Assets (as defined in Rule 17f-5 under the 1940 Act0000 Xxx) with an Eligible Securixxxx Xxxository Securities Depository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's ’s Foreign Assets with each Eligible Securities Depository utilized directly or indirectly by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's ’s Foreign Assets at such depository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) shall monitor the custody risks associated with maintaining the Fund's ’s Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's ’s Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. PFPC will provide to the Funds the risk analysis and monitoring required under sub-sections (1a)(1)(i)(A) The Custodian and (or B) of Rule 17f-7 subject to and in accordance with the Domestic Subcustodianprovisions set out in this Agreement. In consideration of the provision of such risk analysis and monitoring each Fund agrees to the provisions set forth in Paragraphs B through L of this Agreement. (a) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in As contemplated by Rule 17f-7, PFPC will provide a written analysis (which term shall include any other securities depository for which the SEC by exemptive order has permitted registered may be in electronic form) to each Fund and its investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis adviser of the custody risks associated with maintaining the Fund's "Foreign Assets Assets" (as that term is defined in Rule 17f-5(a)(2) under the 0000 Xxx) with each "Eligible Securities Depository utilized directly or indirectly Depository" (as that term is defined in Rule 17f-7(b)(1)) listed on Schedule C hereto (as the same may be changed by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior PFPC from time to the initial placement of the Fund's Foreign Assets at such depositorytime) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) PFPC shall monitor the custody risks associated with maintaining the each applicable Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the each applicable Fund or its investment adviser in writing (which may be in electronic form) of any material changes change in such risks. (3b) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) PFPC shall determine the eligibility under Rule 17f-7 17f-7(b)(1) of each foreign securities depository before maintaining listed on Schedule C hereto (as the Fund's Foreign Assets therewith same may be changed by PFPC from time to time) and shall promptly advise each Fund or its investment adviser in writing (which may be in electronic form) if any such depository ceases to meet the definition of an Eligible Securities Depository (as that term is defined in Rule 17f-7(b)(1)). 2. Each Fund acknowledges that it may maintain Foreign Assets only at the depositories listed on Schedule C hereto (as the same may be changed by PFPC from time to time). Each Fund agrees and acknowledges that its Foreign Assets may be held at any of the depositories listed on Schedule C hereto; provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be deemed to have agreed and acknowledged that its Foreign Assets may be held by that particular depository. 3. Notwithstanding the provisions of any arrangements between any Fund and PFPC or otherwise, each Fund hereby agrees that its Foreign Assets may be maintained with any Eligible Securities Depository ceases listed on Schedule C hereto (provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be so eligibledeemed to have agreed that its Foreign Assets may be maintained by that particular depository). A list of PFPC will not be deemed to have chosen any such Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to timeDepositories.

Securities Depositories. (1) The Custodian (or the Domestic Subcustodian) may place and maintain a Fund's ’s Foreign Assets (as defined in Rule 17f-5 under the 1940 Act0000 Xxx) with an Eligible Securixxxx Xxxository Securities Depository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's ’s Foreign Assets with each Eligible Securities Depository utilized directly or indirectly by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's ’s Foreign Assets at such depository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) shall monitor the custody risks associated with maintaining the Fund's ’s Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's ’s Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. PFPC will provide to the Funds the risk analysis and monitoring required under sub-sections (1a)(1)(i)(A) The Custodian and (or B) of Rule 17f-7 subject to and in accordance with the Domestic Subcustodianprovisions set out in this Agreement. In consideration of the provision of such risk analysis and monitoring each Fund agrees to the provisions set forth in Paragraphs B through L of this Agreement. (a) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in As contemplated by Rule 17f-7, PFPC will provide a written analysis (which term shall include any other securities depository for which the SEC by exemptive order has permitted registered may be in electronic form) to each Fund and its investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis adviser of the custody risks associated with maintaining the Fund's "Foreign Assets Assets" (as that term is defined in Rule 17f-5(a)(2) under the 1940 Act) with each "Eligible Securities Depository utilized directly or indirectly Depository" (as that term xx xxxxned in Rule 17f-7(b)(1)) listed on Schedule B hereto (as the same may be changed by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior PFPC from time to the initial placement of the Fund's Foreign Assets at such depositorytime) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) PFPC shall monitor the custody risks associated with maintaining the each applicable Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the each applicable Fund or its investment adviser in writing (which may be in electronic form) of any material changes change in such risks. (3b) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) PFPC shall determine the eligibility under Rule 17f-7 17f-7(b)(1) of each foreign securities depository before maintaining listed on Schedule B hereto (as the Fund's Foreign Assets therewith same may be changed by PFPC from time to time) and shall promptly advise each Fund or its investment adviser in writing (which may be in electronic form) if any such depository ceases to meet the definition of an Eligible Securities Depository (as that term is defined in Rule 17f-7(b)(1)). (c) In performing its duties under this Sub-Paragraph B.1, PFPC shall use reasonable care and may rely on such reasonable sources of information as may be available including but not limited to the following (provided use of the following are reasonable); (i) published ratings; (ii) information supplied by an Eligible Foreign Custodian that is a participant in the applicable depository; (iii) industry surveys or publications; and (iv) information supplied by the depository itself, by its auditors (internal or external) or by the relevant "Foreign Financial Regulatory Authority" (as that term is defined in Section 2(a)(50) of the 1940 Act). 2. Each Fund acknowledges that it may maintain Foreign Assets only at the depositories listed on Schedule B hereto (as the same may be changed by PFPC from time to time). Each Fund agrees and acknowledges that its Foreign Assets may be held at any of the depositories listed on Schedule B hereto; provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be deemed to have agreed and acknowledged that its Foreign Assets may be held by that particular depository. 3. Notwithstanding the provisions of any arrangements between any Fund and PFPC or otherwise, each Fund hereby agrees that its Foreign Assets may be maintained with any Eligible Securities Depository ceases listed on Schedule B hereto (provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be so eligibledeemed to have agreed that its Foreign Assets may be maintained by that particular depository). A list of PFPC will not be deemed to have chosen any such Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to timeDepositories.

Securities Depositories. (1a) The Custodian (or the Domestic Subcustodianits agent) may place and maintain a the Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository Securities Depositxxx (as xx defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2b) The Custodian (or the Domestic Subcustodianits agent) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's Foreign Assets with each Eligible Securities Depository utilized directly or indirectly by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's Foreign Assets at such depositoryDepository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodianits agent) shall monitor the custody risks associated with maintaining the Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3c) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodianits agent) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, hereof is attached as Appendix A. Notwithstanding Subsection 16(c) Section 9.04 hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such the list from time to time.

Securities Depositories. PFPC will provide to the Funds the risk analysis and monitoring required under sub-sections (1a)(1)(i)(A) The Custodian and (or B) of Rule 17f-7 subject to and in accordance with the Domestic Subcustodianprovisions set out in this Agreement. In consideration of the provision of such risk analysis and monitoring each Fund agrees to the provisions set forth in Paragraphs B through L of this Agreement. (a) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in As contemplated by Rule 17f-7, PFPC will provide a written analysis (which term shall include any other securities depository for which the SEC by exemptive order has permitted registered may be in electronic form) to each Fund and its investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis adviser of the custody risks associated with maintaining the Fund's "Foreign Assets Assets" (as that term is defined in Rule 17f-5(a)(2) under the 1940 Act) with each "Eligible Securities Depository utilized directly or indirectly Depository" (as that term xx xxxxned in Rule 17f-7(b)(1)) listed on Schedule C hereto (as the same may be changed by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior PFPC from time to the initial placement of the Fund's Foreign Assets at such depositorytime) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) PFPC shall monitor the custody risks associated with maintaining the each applicable Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the each applicable Fund or its investment adviser in writing (which may be in electronic form) of any material changes change in such risks. (3b) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) PFPC shall determine the eligibility under Rule 17f-7 17f-7(b)(1) of each foreign securities depository before maintaining listed on Schedule C hereto (as the Fund's Foreign Assets therewith same may be changed by PFPC from time to time) and shall promptly advise each Fund or its investment adviser in writing (which may be in electronic form) if any such depository ceases to meet the definition of an Eligible Securities Depository (as that term is defined in Rule 17f-7(b)(1)). 2. Each Fund acknowledges that it may maintain Foreign Assets only at the depositories listed on Schedule C hereto (as the same may be changed by PFPC from time to time). Each Fund agrees and acknowledges that its Foreign Assets may be held at any of the depositories listed on Schedule C hereto; provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be deemed to have agreed and acknowledged that its Foreign Assets may be held by that particular depository. 3. Notwithstanding the provisions of any arrangements between any Fund and PFPC or otherwise, each Fund hereby agrees that its Foreign Assets may be maintained with any Eligible Securities Depository ceases listed on Schedule C hereto (provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be so eligibledeemed to have agreed that its Foreign Assets may be maintained by that particular depository). A list of PFPC will not be deemed to have chosen any such Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to timeDepositories.

Securities Depositories. (1Delegate represents that it has, concurrently with the date hereof, provided to the Fund, to the Investment Manager for the Fund, and to the investment adviser(s) The Custodian (or for the Domestic Subcustodian) may place and maintain a Fund's Fund responsible for investment of the Foreign Assets (as defined placed in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide Securities Depository listed on Appendix A2 hereto: an analysis of the custody risks associated with maintaining the Fund's Foreign Assets assets with each Eligible such Securities Depository utilized directly in accordance with Rule 17f-7(a)(1)(i)(A) (hereafter, a "Depository Analysis"); and information which will enable the Fund or indirectly by the Custodian as of the date hereof (or, in the case of its investment adviser(s) to determine whether each such Securities Depository is an Eligible Securities Depository not so utilized as of the date hereofdefined in Rule 17f-7(b)(1). Delegate shall, prior to the initial placement promptly following a request made by or on behalf of the Fund's , provide to the Fund, to the Investment Manager for the Fund, and to the investment adviser(s) for the Fund responsible for investment of the Foreign Assets at placed in any Securities Depository not listed on Appendix A2 on the date hereof but hereafter added to that list or otherwise falling within the scope of this Agreement under the provisions of Section 3(a), (i) a Depository Analysis pertaining to such depositorySecurities Depository, and (ii) and at information which any Foreign Assets of will enable the Fund are held or are expected its investment adviser(s) to be helddetermine whether such Securities Depository is an Eligible Securities Depository as defined in Rule 17f-7(b)(1). The Custodian (or Delegate shall Monitor on a continuing basis in conformity with the Domestic Subcustodian) shall monitor requirements of Rule 17f-7: the custody risks associated with maintaining the Fund's Foreign Assets at assets with each such Eligible Securities Depository listed on a continuing basis Appendix A2 or otherwise falling within the scope of Section 3(a) of this Agreement, (1) and shall promptly notify the Fund or its adviser Fund, the Investment Manager for the Fund, and the investment adviser(s) for the fund responsible for investment of the Foreign Assets placed in any such Securities Depository of any material changes change in any such risksinformation. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. (1a) The Custodian (or the Domestic Subcustodian) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) Delegate shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's Foreign Assets with each Eligible Securities Depository (as defined in Rule 17f-7, which term shall for the purposes of this Section 6 include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets) utilized directly or indirectly by the Custodian Delegate as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's Foreign Assets at such depositoryDepository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) Delegate shall monitor the custody risks associated with maintaining the Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3b) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) Delegate shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian Delegate directly or indirectly as of the date hereof, or as amended from hereof is listed in Annex A attached hereto. From time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-717f-7(a)(11)(A), be added to the list by flash notice or deleted from other means of communication. (c) The Delegate need not commence performing any of the duties set forth in this Section 6 prior to July 2, 2001, but the Delegate shall advise the Fund if it is prepared to commence such list from time duties prior to timesuch date as to particular depositories.

Securities Depositories. (1) The Custodian (or the Domestic Subcustodian) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository Xxxxxxxxxx Xxpository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's Foreign Assets with each Eligible Securities Depository utilized directly or indirectly by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's Foreign Assets at such depository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) shall monitor the custody risks associated with maintaining the Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. (1) The Custodian (or the Domestic Subcustodian) may place and maintain a Fund's ’s Foreign Assets (as defined in Rule 17f-5 under the 1940 Act0000 Xxx) with an Eligible Securixxxx Xxxository Securities Depository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's Foreign Assets with each Eligible Securities Depository utilized directly or indirectly by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's Foreign Assets at such depository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) shall monitor the custody risks associated with maintaining the Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. (1a. Delegate represents that it has, concurrently with the date hereof, provided to the Fund, to the Investment Manager for the Fund, and to the investment adviser(s) The Custodian (or for the Domestic Subcustodian) may place and maintain a Fund's Fund responsible for investment of the Foreign Assets (as defined placed in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets).Securities Depository listed on Appendix A2 hereto: (2i) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's Foreign Assets assets with each Eligible such Securities Depository utilized directly in accordance with Rule 17f-7(a)(1)(i)(A) (hereafter, a "Depository Analysis"); and (ii) information which will enable the Fund or indirectly by the Custodian as of the date hereof (or, in the case of its investment adviser(s) to determine whether each such Securities Depository is an Eligible Securities Depository not so utilized as of the date hereofdefined in Rule 17f-7(b)(1). b. Delegate shall, prior to the initial placement promptly following a request made by or on behalf of the Fund's , provide to the Fund, to the Investment Manager for the Fund, and to the investment adviser(s) for the Fund responsible for investment of the Foreign Assets at placed in any Securities Depository not listed on Appendix A2 on the date hereof but hereafter added to that list or otherwise falling within the scope of this Agreement under the provisions of Section 3(a), (i) a Depository Analysis pertaining to such depositorySecurities Depository, and (ii) and at information which any Foreign Assets of will enable the Fund are held or are expected its investment adviser(s) to be held. The Custodian determine whether such Securities Depository is an Eligible Securities Depository as defined in Rule 17f-7(b)(1). c. Delegate shall Monitor on a continuing basis in conformity with the requirements of Rule 17f-7: (or the Domestic Subcustodiani) shall monitor the custody risks associated with maintaining assets with each Securities Depository listed on Appendix A2 or otherwise falling within the Fund's Foreign Assets at scope of Section 3(a) of this Agreement , (ii) information necessary to determine whether each such Securities Depository meets the definition of Eligible Securities Depository on a continuing basis in Rule 17-f(7)(b) (1) and shall promptly notify the Fund or its adviser Fund, the Investment Manager for the Fund, and the investment adviser(s) for the fund responsible for investment of the Foreign Assets placed in any such Securities Depository of any material changes change in any such risksinformation. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. (1) The Custodian (or the Domestic Subcustodian) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act0000 Xxx) with an Eligible Securixxxx Xxxository Securities Depository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's Foreign Assets with each Eligible Securities Depository utilized directly or indirectly by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's Foreign Assets at such depository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) shall monitor the custody risks associated with maintaining the Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. (1) The Custodian (or the Domestic Subcustodian) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository Securxxxxx Xxpository (as defined in Rule 17f-7, which term shall include any other securities depository for which the SEC by exemptive order has permitted registered investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis of the custody risks associated with maintaining the Fund's Foreign Assets with each Eligible Securities Depository utilized directly or indirectly by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior to the initial placement of the Fund's Foreign Assets at such depository) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) shall monitor the custody risks associated with maintaining the Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material changes in such risks. (3) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) shall determine the eligibility under Rule 17f-7 of each foreign securities depository before maintaining the Fund's Foreign Assets therewith and shall promptly advise the Fund if any Eligible Securities Depository ceases to be so eligible. A list of Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to time.

Securities Depositories. PFPC will provide to the Funds the risk analysis and monitoring required under sub-sections (1a)(1)(i)(A) The Custodian and (or B) of Rule 17f-7 subject to and in accordance with the Domestic Subcustodianprovisions set out in this Agreement. In consideration of the provision of such risk analysis and monitoring each Fund agrees to the provisions set forth in Paragraphs B through L of this Agreement. (a) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in As contemplated by Rule 17f-7, PFPC will provide a written analysis (which term shall include any other securities depository for which the SEC by exemptive order has permitted registered may be in electronic form) to each Fund and its investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis adviser of the custody risks associated with maintaining the Fund's "Foreign Assets Assets" (as that term is defined in Rule 17f-5(a)(2) under the 1940 Act) with each "Eligible Securities Depository utilized directly or indirectly Depository" (as that terx xx xxxined in Rule 17f-7(b)(1)) listed on Schedule B hereto (as the same may be changed by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior PFPC from time to the initial placement of the Fund's Foreign Assets at such depositorytime) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) PFPC shall monitor the custody risks associated with maintaining the each applicable Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the each applicable Fund or its investment adviser in writing (which may be in electronic form) of any material changes change in such risks. (3b) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) PFPC shall determine the eligibility under Rule 17f-7 17f-7(b)(1) of each foreign securities depository before maintaining listed on Schedule B hereto (as the Fund's Foreign Assets therewith same may be changed by PFPC from time to time) and shall promptly advise each Fund or its investment adviser in writing (which may be in electronic form) if any such depository ceases to meet the definition of an Eligible Securities Depository (as that term is defined in Rule 17f-7(b)(1)). (c) In performing its duties under this Sub-Paragraph B.1, PFPC shall use reasonable care and may rely on such reasonable sources of information as may be available including but not limited to the following (provided use of the following are reasonable); (i) published ratings; (ii) information supplied by an Eligible Foreign Custodian that is a participant in the applicable depository; (iii) industry surveys or publications; and (iv) information supplied by the depository itself, by its auditors (internal or external) or by the relevant "Foreign Financial Regulatory Authority" (as that term is defined in Section 2(a)(50) of the 1940 Act). 2. Each Fund acknowledges that it may maintain Foreign Assets only at the depositories listed on Schedule B hereto (as the same may be changed by PFPC from time to time). Each Fund agrees and acknowledges that its Foreign Assets may be held at any of the depositories listed on Schedule B hereto; provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be deemed to have agreed and acknowledged that its Foreign Assets may be held by that particular depository. 3. Notwithstanding the provisions of any arrangements between any Fund and PFPC or otherwise, each Fund hereby agrees that its Foreign Assets may be maintained with any Eligible Securities Depository ceases listed on Schedule B hereto (provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be so eligibledeemed to have agreed that its Foreign Assets may be maintained by that particular depository). A list of PFPC will not be deemed to have chosen any such Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to timeDepositories.

Securities Depositories. PFPC will provide to the Funds the risk analysis and monitoring required under sub-sections (1a)(1)(i)(A) The Custodian and (or B) of Rule 17f-7 subject to and in accordance with the Domestic Subcustodianprovisions set out in this Agreement. In consideration of the provision of such risk analysis and monitoring each Fund agrees to the provisions set forth in Paragraphs B through L of this Agreement. (a) may place and maintain a Fund's Foreign Assets (as defined in Rule 17f-5 under the 1940 Act) with an Eligible Securixxxx Xxxository (as defined in As contemplated by Rule 17f-7, PFPC will provide a written analysis (which term shall include any other securities depository for which the SEC by exemptive order has permitted registered may be in electronic form) to each Fund and its investment companies to maintain their assets). (2) The Custodian (or the Domestic Subcustodian) shall, for evaluation by the Fund or its adviser, provide an analysis adviser of the custody risks associated with maintaining the Fund's "Foreign Assets Assets" (as that term is defined in Rule 17f-5(a)(2) under the 1940 Act) with each "Eligible Securities Depository utilized directly or indirectly Depository" (as txxx xxxx is defined in Rule 17f-7(b)(1)) listed on Schedule C hereto (as the same may be changed by the Custodian as of the date hereof (or, in the case of an Eligible Securities Depository not so utilized as of the date hereof, prior PFPC from time to the initial placement of the Fund's Foreign Assets at such depositorytime) and at which any Foreign Assets of the Fund are held or are expected to be held. The Custodian (or the Domestic Subcustodian) PFPC shall monitor the custody risks associated with maintaining the each applicable Fund's Foreign Assets at each such Eligible Securities Depository on a continuing basis and shall promptly notify the each applicable Fund or its investment adviser in writing (which may be in electronic form) of any material changes change in such risks. (3b) Based on the information available to it in the exercise of diligence, the Custodian (or the Domestic Subcustodian) PFPC shall determine the eligibility under Rule 17f-7 17f-7(b)(1) of each foreign securities depository before maintaining listed on Schedule C hereto (as the Fund's Foreign Assets therewith same may be changed by PFPC from time to time) and shall promptly advise each Fund or its investment adviser in writing (which may be in electronic form) if any such depository ceases to meet the definition of an Eligible Securities Depository (as that term is defined in Rule 17f-7(b)(1)). 2. Each Fund acknowledges that it may maintain Foreign Assets only at the depositories listed on Schedule C hereto (as the same may be changed by PFPC from time to time). Each Fund agrees and acknowledges that its Foreign Assets may be held at any of the depositories listed on Schedule C hereto; provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be deemed to have agreed and acknowledged that its Foreign Assets may be held by that particular depository. 3. Notwithstanding the provisions of any arrangements between any Fund and PFPC or otherwise, each Fund hereby agrees that its Foreign Assets may be maintained with any Eligible Securities Depository ceases listed on Schedule C hereto (provided that if any Fund provides written notice to PFPC specifically stating that a particular depository is not acceptable to it, then such Fund will not be so eligibledeemed to have agreed that its Foreign Assets may be maintained by that particular depository). A list of PFPC will not be deemed to have chosen any such Eligible Securities Depositories used by the Custodian directly or indirectly as of the date hereof, or as amended from time to time, is attached as Appendix A. Notwithstanding Subsection 16(c) hereof, Eligible Securities Depositories may, subject to Rule 17f-7, be added to or deleted from such list from time to timeDepositories.