Common use of Withdrawal of Fund's Assets Clause in Contracts

Withdrawal of Fund's Assets. If the Delegate determines that an arrangement with CTC no longer meets the requirements of Section 3 of this Delegation Schedule, Delegate shall promptly consult with the Fund concerning the selection of an alternate Subcustodian qualified to hold the Fund’s Taiwan Assets and withdraw the Fund’s Assets from CTC and transfer such assets to another Subcustodian designated by the Fund, or selected by the Delegate pursuant to power delegated by the Fund, that meets the standards set forth in Section 3 of this Delegation Schedules as soon as reasonably practicable; provided, however, that the Delegate shall act only in accordance with Instructions of the Fund with respect to such liquidation or other withdrawal. Upon any such replacement, the terms of this Delegation Schedule shall apply to the responsibilities and rights of the parties to the same extent and in the same manner as they apply in the case of CTC.