Xxxxxxxx Xxxxxx
Green Century Capital Management, Inc.
00 Xxxxxx Xxxxx Xxxxx 000
Xxxxxx, XX 00000
Re: The Custodian Contract (as amended, the "Custodian Contract")
between Investors Bank & Trust Company ("Custodian) and Green
Century Capital Management, Inc. (the Client")
Dear Xxxx:
As you know, Rule 17f-4 under the Investment Company Act of 1940 ("Rule
17f-4") has been amended, and such amendments will become effective on March 28,
2003. In order for you to be in compliance with amended Rule 17f-4, we agree to
the terms and conditions below effective March 28, 2003.
In addition to any other duties of the Custodian set forth in the
Custodian Contract, the Custodian agrees that, in connection with placing and
maintaining financial assets, corresponding to the Trust's security
entitlements, with a securities depository or intermediary custodian:
1. The Custodian will, at a minimum, exercise due care in accordance with
reasonable commercial standards in discharging its duty as a securities
intermediary to obtain and thereafter maintain such financial assets;
2. The Custodian shall provide, promptly upon request by the Client, such
reports as are generally made available to its clients concerning the
internal accounting controls and financial strength of the Custodian;
and
3. The Custodian shall require any intermediary custodian at a minimum to
exercise due care in accordance with reasonable commercial standards in
discharging its duty as a securities intermediary to obtain and
thereafter maintain financial assets corresponding to the security
entitlements of its entitlement holders.
Except as set forth in the preceding paragraphs, the terms and provisions
of the Custodian Contract shall remain in full force and effect. Please note
that this letter shall be governed by and construed in accordance with the laws
of the same jurisdiction named in the Custodian Contract, if any. Terms not
defined herein have the meanings set forth in Rule 17f-4.
Very truly yours,
INVESTORS BANK & TRUST COMPANY
By: /s/ Xxxxxx X. Xxxxxx
----------------------------
Name: Xxxxxx X. Xxxxxx
Title: Managing Director
