Securities Held Outside of the United States. 9.1 Appointment of Foreign Sub-Custodians The Company hereby authorizes and instructs the Custodian in its sole discretion to employ one or more Foreign Sub-custodians to act as Eligible Securities Depositories or as sub-custodians to hold the Securities and other assets of the Company maintained outside the United States. If, after the initial approval of Foreign Sub-Custodians by the board of directors of the Company in connection with this Agreement, the Custodian wishes to appoint other Foreign Sub-Custodians to hold property of the Company subject to this Agreement, it will so notify the Company and provide it with information reasonably necessary to determine any such new Foreign Sub-Custodian's eligibility under Rule 17f-5 under the Investment Company Act of 1940, including a copy of the proposed agreement with such Foreign Sub-Custodian. The Company shall at the meeting of its board of directors next following receipt of such notice and information give a written approval or disapproval of the proposed action.
Securities Held Outside of the United States
