Common use of Subcustody Clause in Contracts

Subcustody. The Subcustodian agrees to maintain a separate account and to hold segregated at all times from the Subcustodian's securities and from all other customers' secur- ities held by the Subcustodian, all the Fund's securities and evidence of rights thereto ("Fund Securities") deposited, from time to time by the Custodian with the Subcustodian. The Sub- custodian will accept, hold or dispose of and take other actions with respect to Fund Securities in accordance with the Instruc- tions of the Custodian given in the manner set forth in Section 4 and will take certain other actions as specified in Section 3. The Subcustodian hereby waives any claim against or lien on any Fund Securities. The Subcustodian may take steps to register and continue to hold Fund Securities in the name of the Subcustodi- an's nominee and shall take such other steps as the Subcustodian believes necessary or appropriate to carry out efficiently the terms of this Agreement. To the extent that ownership of Fund Securities may be recorded by a book entry system maintained by any transfer agent or registrar for such Fund Securities or by Depository Trust Company, the Subcustodian may hold Fund Secur- ities as a book entry reflecting the ownership of such Fund Se- curities by its nominee and need not possess certificates or any other evidence of ownership of Fund Securities. 3.

Subcustody. The Subcustodian agrees to maintain a separate account and to hold segregated at all times from the Subcustodian's securities and from all other customers' secur- ities held by the Subcustodian, all the Fund's securities and evidence of rights thereto ("Fund Securities") deposited, from time to time by the Custodian with the Subcustodian. The Sub- custodian will accept, hold or dispose of and take other actions with respect to Fund Securities in accordance with the Instruc- tions of the Custodian given in the manner set forth in Section 4 and will take certain other actions as specified in Section 3. The Subcustodian hereby waives any claim against or lien on any Fund Securities. The Subcustodian may take steps to register and continue to hold Fund Securities in the name of the Subcustodi- anSubcustodian's nominee and shall take such other steps as the Subcustodian believes necessary or appropriate to carry out efficiently the terms of this Agreement. To the extent that ownership of Fund Securities may be recorded by a book entry system maintained by any transfer agent or registrar for such Fund Securities or by Depository Trust Company, the Subcustodian may hold Fund Secur- ities Securities as a book entry reflecting the ownership of such Fund Se- curities Securities by its nominee and need not possess certificates or any other evidence of ownership of Fund Securities. 3.

Subcustody. The Subcustodian agrees to maintain a separate account and to hold segregated at all times from the Subcustodian's securities and from all other customers' secur- secur-ities held by the Subcustodian, all the Fund's securities and evidence of rights thereto ("Fund Securities") deposited, from time to time by the Custodian with the Subcustodian. The Sub- Sub-custodian will accept, hold or dispose of and take other actions with respect to Fund Securities in accordance with the Instruc- Instruc-tions of the Custodian given in the manner set forth in Section 4 and will take certain other actions as specified in Section 3. The Subcustodian hereby waives any claim against or lien on any Fund Securities. The Subcustodian may take steps to register and continue to hold Fund Securities in the name of the Subcustodi- Subcustodi-an's nominee and shall take such other steps as the Subcustodian believes necessary or appropriate to carry out efficiently the terms of this Agreement. To the extent that ownership of Fund Securities may be recorded by a book entry system maintained by any transfer agent or registrar for such Fund Securities or by Depository Trust Company, the Subcustodian may hold Fund Secur- Secur-ities as a book entry reflecting the ownership of such Fund Se- Se-curities by its nominee and need not possess certificates or any other evidence of ownership of Fund Securities. 3.

Subcustody. The Subcustodian agrees to maintain a separate account and to hold segregated at all times from the Subcustodian's securities and from all other customers' secur- ities securities held by the Subcustodian, all the Fund's securities and evidence of rights thereto ("Fund Securities") deposited, from time to time by the Custodian Custodian's authorized representative with the Subcustodian. The Sub- custodian Subcustodian will accept, hold or dispose of and take other actions with respect to Fund Securities in accordance with the Instruc- tions Instructions of the Custodian given in the manner set forth in Section 4 and will take certain other actions as specified in Section 3. The Subcustodian hereby waives any claim against or lien on any Fund Securities. The Subcustodian may take steps to register and continue to hold Fund Securities in the name of the Subcustodi- anSubcustodian's nominee and shall take such other steps as the Subcustodian believes necessary or appropriate to carry out efficiently the terms of this Agreement. To the extent that ownership of Fund Securities may be recorded by a book entry system maintained by any transfer agent or registrar for such Fund Securities or by Depository Trust Company, the Subcustodian may hold Fund Secur- ities Securities as a book entry reflecting the ownership of such Fund Se- curities Securities by its nominee and need not possess certificates or any other evidence of ownership of Fund Securities. 3The Subcustodian shall identify on its records Fund Securities wish are held in a book entry system.

Subcustody. The Subcustodian agrees to maintain a separate account and to hold segregated at all times from the Subcustodian's securities and from all other customers' secur- ities securities held by the Subcustodian, all the Fund's securities and evidence of rights thereto ("Fund Securities") deposited, from time to time by the Custodian with the Subcustodian. The Sub- custodian Subcustodian will accept, hold or dispose of and take other actions with respect to Fund Securities in accordance with the Instruc- tions Instructions of the Custodian given in the manner set forth in Section 4 and will take certain other actions as specified in Section 3. The Subcustodian hereby waives any claim against or lien on any Fund Securities. The Subcustodian may take steps to register and continue to hold Fund Securities in the name of the Subcustodi- anSubcustodian's nominee and shall take such other steps as the Subcustodian believes necessary or appropriate to carry out efficiently the terms of this Agreement. To the extent that ownership of Fund Securities may be recorded by a book entry system maintained by any transfer agent or registrar for such Fund Securities or by Depository Trust Company, the Subcustodian may hold Fund Secur- ities Securities as a book entry reflecting the ownership of such Fund Se- curities Securities by its nominee and need not possess certificates or any other evidence of ownership of Fund Securities. 3.

Subcustody. The Subcustodian agrees to maintain a separate account and to hold segregated at all times from the Subcustodian's securities and from all other customers' secur- ities securities held by the Subcustodian, all the Fund's securities and evidence of rights thereto ("Fund Securities") deposited, from time to time by the Custodian Custodian's authorized representative with the Subcustodian. The Sub- custodian Subcustodian will accept, hold or dispose of and take other actions with respect to Fund Securities in accordance with the Instruc- tions instructions of the Custodian given in the manner set forth in Section 4 and will take certain other actions as specified in Section 3. The Subcustodian hereby waives any claim against or lien on any Fund Securities. The Subcustodian may take steps to register and continue to hold Fund Securities in the name of the Subcustodi- anSubcustodian's nominee and shall take such other steps as the Subcustodian believes necessary or appropriate to carry out efficiently the terms of this Agreement. To the extent that ownership of Fund Securities may be recorded by a book entry system maintained by any transfer agent or registrar for such Fund Securities or by Depository as Depositor, Trust Company, the Subcustodian may hold Fund Secur- ities Securities as a book entry reflecting the ownership of such Fund Se- curities Securities by its nominee and need not possess certificates or any other evidence of ownership of Fund Securities. 3The Subcustodian shall identify on its records Fund Securities which are held in a book entry system.