Common use of Subcustodians and Securities Depositories Clause in Contracts

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 8, the Funds hereby authorize the Custodian to utilize Securities Depositories to act on behalf of a Fund and to appoint from time to time and to utilize Subcustodians selected with due care. With respect to Investments held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 8, the Funds Trust, on behalf of each Fund, hereby authorize authorizes the Custodian to utilize Securities Depositories to act on behalf of a each such Fund and to appoint from time to time and to utilize Subcustodians selected with due careSubcustodians. With respect to Investments securities and funds held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, may be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 88 and, with respect to securities depositories, set forth in Section 5.1, the Funds Trust each hereby authorize authorizes the Custodian to utilize Securities Depositories to act on behalf of a any Fund and to appoint from time to time and to utilize Subcustodians selected with due careSubcustodians. With respect to Investments securities and funds held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, may be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 8, the Funds Fund hereby authorize authorizes the Custodian to utilize Securities Depositories to act on behalf of a the Fund and to appoint from time to time and to utilize Subcustodians selected with due careSubcustodians. For purposes hereof, Subcustodian is defined as a foreign bank. With respect to Investments securities and funds held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, may be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, form in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agenciesagencies or Clearing Corporations, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 8, the Funds and Companies each hereby authorize the Custodian to utilize Securities Depositories to act on behalf of a Fund or Company and to appoint from time to time and to utilize Subcustodians selected with due care. With respect to Investments held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 8, the Funds Company hereby authorize authorizes the Custodian to utilize Securities Depositories to act on behalf of a Fund the Company and to appoint from time to time and to utilize Subcustodians Subcustodians, provided that any Subcustodian is selected by the Custodian with due reasonable care. With respect to Investments securities and funds held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, may be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 8, the Funds hereby authorize the Custodian to utilize Securities Depositories to act on behalf of a Fund the Funds and to appoint from time to time and to utilize Subcustodians selected with due reasonable care. With respect to Investments securities and funds held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, may be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, manner or in a form in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agenciesClearing Agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 8, the Funds Fund hereby authorize authorizes the Custodian to utilize Securities Depositories to act on behalf of a the Fund and to appoint from time to time and to utilize Subcustodians selected with due care. With respect to Investments held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.

Subcustodians and Securities Depositories. Subject to the provisions hereinafter set forth in this Section 88 and, with respect to securities depositories, set forth in Section 5.1, the Funds Fund hereby authorize authorizes the Custodian to utilize Securities Depositories to act on behalf of a the Fund and to appoint from time to time and to utilize Subcustodians selected with due careSubcustodians. With respect to Investments securities and funds held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may, if consistent with prevailing market practices, may be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, form in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agenciesClearing Agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.