United States Taxes. The Custodian shall have no responsibility or liability for any obligations now or hereafter imposed on the Portfolio or the Custodian as custodian of the Portfolio by the tax law of the United States of America or any state or political subdivision thereof, except to the extent such obligations have been imposed as a result of the Custodian's breach of this Agreement or as a result of its negligence or willful misconduct. The Custodian will be responsible for informing the Fund of the income received by the Portfolio which is United States source income and which is not United States source income and of such other tax characteristics of such income as the Fund may request from time to time.
Appears in 9 contracts
Samples: Custodian and Fund Accounting Agreement (Series Portfolio), Custodian and Fund Accounting Agreement (Short Term Bond Portfolio), Custodian and Fund Accounting Agreement (International Equity Portfolio /George Town/)
