Common use of Withdrawal of Foreign Assets Clause in Contracts

Withdrawal of Foreign Assets. The Fund hereby confirms that the Fund will withdraw its Foreign Assets from any non-U.S. custodian as soon as reasonably practicable upon written notification from the Fund's Foreign Custody Manager that custody arrangements with such custodian no longer meet the requirements of Rule 17f-5 (an "Adverse Notification"). The Fund also confirms that, if the Custodian is acting as the Fund's Foreign Custody Manager and has delivered an Adverse Notification to the Fund, the Custodian, as Foreign Custody Manager, shall have no further responsibility under this Agreement in relation to the Fund's Foreign Assets held under any custody arrangement covered by such Adverse Notification. (However, the existence of an Adverse Notification shall not affect the scope of responsibilities, or the standard of care, applicable to the Custodian in relation to such Assets under other provisions of this Agreement.)

Withdrawal of Foreign Assets. The Fund hereby confirms that the Fund will withdraw its Foreign Assets from any non-U.S. custodian as soon as reasonably practicable upon written notification from the Fund's Foreign Custody Manager that custody arrangements with such custodian no longer meet the requirements of Rule 17f-5 (an "Adverse Notification"). The Fund also confirms that, if the Custodian is acting as the Fund's Foreign Custody Manager and has delivered an Adverse Notification to the Fund, the Custodian, as Foreign Custody Manager, shall have no further responsibility under this Agreement in relation to the Fund's Foreign Assets held under any custody arrangement covered by such Adverse Notification. (However, the existence of an Adverse Notification shall not affect the scope of responsibilities, or the standard of care, applicable to the Custodian in relation to such Assets under other provisions of this Agreement.)) Section 4.2