Common use of Selection of Eligible Foreign Clause in Contracts

Selection of Eligible Foreign. Custodians Subject to the provisions of this Article 3 and Rule 17f-5 (and any other applicable law), the Foreign Custody Manager may place and maintain the Foreign Assets in the care of an Eligible Foreign Custodian selected by the Foreign Custody Manager in each country listed on Schedule A, as amended from time to time. In addition, the Foreign Custody Manager shall provide the Fund with all requisite forms and documentation to open an account in any country listed on Schedule A as requested by any Authorized Officer and shall assist the Fund with the filing and processing of these forms and documents. Execution of this amended and restated Agreement by the Fund shall be deemed to be a Proper Instruction to open an account, or to place or maintain Foreign Assets in each country listed on Schedule A. In performing its delegated responsibilities as Foreign Custody Manager to place or maintain Foreign Assets with an Eligible Foreign Custodian, the Foreign Custody Manager shall determine that the Foreign Assets will be subject to reasonable care, based on the standards applicable to custodians in the country in which the Foreign Assets will be held by that Eligible Foreign Custodian, after considering all factors relevant to the safekeeping of those assets. These factors include, without limitation: (i) the Eligible Foreign Custodian's practices, procedures and internal controls, including but not limited to, the physical protections available for certificated securities (if applicable), its methods of keeping custodial records and its security and data protection practices; (ii) whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for Foreign Assets; (iii) the Eligible Foreign Custodian's general reputation and standing and, in the case of any Securities Depository, the Securities Depository's operating history and the number of participants; and (iv) whether the Fund will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of the Eligible Foreign Custodian in the United States or the Eligible Foreign Custodian's consent to service of process in the United States.

Selection of Eligible Foreign. Custodians Subject to the provisions of this Article 3 and Rule 17f-5 (and any other applicable law), the Foreign Custody Manager may place and maintain the Foreign Assets in the care of an Eligible Foreign Custodian selected by the Foreign Custody Manager in each country listed on Schedule A, as amended from time to time. In addition, the Foreign Custody Manager shall provide the Fund with all requisite forms and documentation to open an account in any country listed on Schedule A as requested by any Authorized Officer and shall assist the Fund with the filing and processing of these forms and documents. Execution of this amended and restated Agreement by the Fund shall be deemed to be a Proper Instruction to open an account, or to place or maintain Foreign Assets in each country listed on Schedule A. In performing its delegated responsibilities as Foreign Custody Manager to place or maintain Foreign Assets with an Eligible Foreign Custodian, the Foreign Custody Manager shall determine that the Foreign Assets will be subject to reasonable care, based on the standards applicable to custodians in the country in which the Foreign Assets will be held by that Eligible Foreign Custodian, after considering all factors relevant to the safekeeping of those assets. These factors include, without limitation: (i) the Eligible Foreign Custodian's practices, procedures and internal controls, including but not limited to, the physical protections available for certificated securities (if applicable), its methods of keeping custodial records and its security and data protection practices; (ii) whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for Foreign Assets; (iii) the Eligible Foreign Custodian's general reputation and standing and, in the case of any Securities Depository, the Securities Depository's operating history and the number of participants; and (iv) whether the Fund will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of the Eligible Foreign Custodian in the United States or the Eligible Foreign Custodian's consent to service of process in the United States.