Common use of Subcustody Clause in Contracts

Subcustody. The Subcustodian agrees to hold in a separate account, segregated at all times from all other accounts maintained by the Subcustodian, all securities and rights thereto of the Fund ("Fund Securities") deposited from time to time by the Custodian with the Subcustodian. The Subcustodian will accept, hold or dispose of and take such other actions with respect to Fund Securities in addition to those specified in Section 3 in accordance with the Instructions of the Custodian given in the manner set forth in Section 4. Registered Fund Securities may be held in the name of the Subcustodian's nominee.

Appears in 6 contracts

Samples: Subcustodian Agreement (Scudder Tax Free Money Fund), Subcustodian Agreement (Scudder California Tax Free Trust), Subcustodian Agreement (Scudder Tax Free Trust)

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