Common use of Use of Subcustodians Clause in Contracts

Use of Subcustodians. The Custodian may make arrangements, where appropriate, with other banks having not less than two million dollars aggregate capital, surplus and undivided profits for the custody of securities. Any such bank selected by the Custodian to act as subcustodian shall be deemed to be the agent of the Custodian.

Use of Subcustodians. The Custodian may make arrangements, where appropriate, with other banks having not less than two million dollars aggregate capital, surplus and undivided profits for the custody of securitiessecurities and cash. Any such bank selected by All subcustodians of the Custodian to act as subcustodian (such subcustodians, collectively, the "Subcustodians") shall be deemed subject to be the instructions of the Custodian and not to those of the Trust and shall act solely as agent of the Custodian.

Use of Subcustodians. The Custodian may make arrangements, where appropriate, with other banks having not less than two million dollars aggregate capital, surplus and undivided profits for the custody of securitiessecurities and cash. Any such bank selected by All subcustodians of the Custodian to act as subcustodian (such subcustodians, collectively, the "Subcustodians"), shall be deemed subject to be the instructions of the Custodian and not to those of the Corporation and shall act solely as agent of the Custodian.

Use of Subcustodians. The Custodian may make arrangements, where appropriate, and as approved by the Corporation, with other national banks having not less than two million dollars aggregate capital, surplus and undivided profits for the custody of securities. Any such bank selected by the Custodian to act as subcustodian shall be deemed to be the agent of the Custodian.