AMENDMENT TO AMENDED AND RESTATED MASTER CUSTODIAN AGREEMENT
EXHIBIT (g)(1)(b)
AMENDMENT TO AMENDED AND RESTATED MASTER CUSTODIAN AGREEMENT
THIS AMENDMENT TO AMENDED AND RESTATED MASTER CUSTODIAN AGREEMENT (the “Amendment”) is dated as of August 13, 2020 and effective as of May 29, 2020 by and between each Xxxxx Xxxxx management investment company identified on Appendix A hereto, severally and not jointly, (each, a “Fund” and collectively, the “Funds”), and STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company (the “Custodian”).
WHEREAS, each Fund and the Custodian are parties to that certain Amended and Restated Master Custodian Agreement dated as of September 1, 2013 (as amended, modified or supplemented from time to time, the “Agreement”; and
WHEREAS, each Fund and the Custodian desire to amend and supplement the Agreement upon the following terms and conditions.
NOW THEREFORE, for and in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Fund and the Custodian hereby agree that the Agreement is amended and supplemented as follows:
| 1. | Amendment to Agreement. |
(a) The first paragraph of Section 12 of the Agreement is hereby terminated in its entirety and replaced with the following paragraph:
“This Agreement shall become effective as of its execution, shall continue in full force and effect until terminated by either party after April 1, 2022 by an instrument in writing delivered or mailed, postage prepaid to the other party, such termination to take-effect not sooner than sixty (60) days after the date of such delivery or mailing; provided, that the Fund may at any time by action of its Board, (i) substitute another bank or trust company for the Custodian by giving notice as described above to the Custodian, in the event the Custodian (except as provided in section 12A below) assigns this Agreement to another party without consent of the trustees of the Fund that are not “interested persons” of the Fund under the 1940 Act, as amended, (“Independent Trustees”) of the Fund, or (ii) immediately terminate this Agreement in the event of the appointment of a conservator or receiver for the Custodian by the Federal Deposit Insurance Corporation or by the Banking Commissioner of The Commonwealth of Massachusetts or upon the happening of a like event at the direction of an appropriate regulatory agency or court of competent jurisdiction; and further provided, that either party may terminate this Agreement in the event of the other party’s material breach of a material provision of this Agreement that the other party has either (a) failed to cure or (b) failed to establish a remedial plan to cure that is reasonably acceptable, within 60 days’ written notice of such breach. Upon termination of the Agreement, the Fund shall pay to the Custodian such compensation as may be due as of the date of such termination (and shall likewise reimburse the Custodian for its costs, expenses and disbursements).”
(b) A new Section 12A is hereby added to the Agreement as follows:
“Section 12A Assignment; Delegation. Notwithstanding any other provisions set forth herein to the contrary, this Agreement may not be assigned by (a) any Fund without the written consent of the Custodian or (b) the Custodian without the written consent of each applicable Fund, except that the Custodian may assign this Agreement to a successor of all or a substantial portion of its business, or to an affiliate of the Custodian, provided that such assignee is a bank or trust company having such qualifications required by the 1940 Act and the rules thereunder to act as custodian of the Funds. The Custodian shall retain the right to employ agents, subcontractors, consultants or other third parties, including, without limitation, affiliates (each, a “Delegate” and collectively, the “Delegates”) to provide or assist it in the provision of any part of the non-custodial services described herein or the discharge of any other non-custodial obligations or duties under this Agreement without the consent or approval of any Fund. Except as otherwise provided below, the Custodian shall be responsible for the acts and omissions of any such Delegate so employed as if the Custodian had committed such acts and omissions itself. The Custodian shall be responsible for the compensation of its Delegates. Notwithstanding the foregoing, in no event shall the term Delegate include sub-custodians, Eligible Foreign Custodians, U.S. Securities Systems and Foreign Securities Systems, and the Custodian shall have no liability for their acts or omissions except as otherwise expressly provided elsewhere in this Agreement. The liability of the Custodian for the acts and omissions of sub-custodians, Eligible Foreign Custodians, U.S. Securities Systems and Foreign Securities Systems shall be as set forth in Sections, 2, 3 and 10 above.”
| (c) | The first paragraph of Section 17 of the Agreement is hereby terminated in its entirety and replaced with the following paragraph: |
“The parties hereto agree that each shall treat confidentially the terms and conditions of this Agreement and all information provided by each party to the other party regarding its business and operations. Subject to section 17A below, the party receiving confidential information agrees to use the information solely for the purpose of rendering or receiving services pursuant to this Agreement, and agrees to maintain the confidentiality of all such information by not disclosing such information except to such party’s employees, consultants, legal advisors, auditors or other service providers as necessary for rendering or receiving services pursuant to this Agreement, and by appropriately instructing employees and others who may be accorded access to such information by the receiving party.”
(d) A new Section 17A is hereby added to the Agreement as follows:
“Section 17A Use of Data.
(a) In connection with the provision of the services and the discharge of its other obligations under this Agreement, the Custodian (which term for purposes of this Section 17A includes each of its parent company, branches and affiliates (“Affiliates”)) may collect and store information regarding a Fund and share such information with its Affiliates, agents and service providers in order
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and to the extent reasonably necessary (i) to carry out the provision of services contemplated under this Agreement and other agreements between the Fund and the Custodian or any of its Affiliates and (ii) to carry out the internal management of the Custodian’s businesses, including, but not limited to, financial and operational management and reporting, risk management, legal and regulatory compliance and client service management; provided in each case that such Affiliates, agents and service providers are subject to confidentiality restrictions at least as restrictive as those described in Section 17.
(b) Except as expressly contemplated by this Agreement, nothing in this Section 17A shall limit the confidentiality and data-protection obligations of the Custodian and its Affiliates under this Agreement and applicable law. The Custodian shall cause any Affiliate, agent or service provider to which it has disclosed data pursuant to this Section 17A to comply at all times with confidentiality and data-protection obligations as if it were a party to this Agreement.”
(e) A new Section 20A is hereby added to the Agreement as follows:
“Section 20A. Loan Services Addendum. If a Fund directs the Custodian in writing to perform loan services, the Custodian and the Fund will be bound by the terms of the Loan Services Addendum attached hereto as Appendix E. The Fund shall reimburse Custodian for its fees and expenses related thereto as agreed upon from time to time in writing by the Fund and the Custodian.”
2. Miscellaneous. Except as amended hereby, the Agreement shall remain in full force and effect. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be executed in either original or electronically transmitted form (e.g., faxes or emailed portable document format (PDF) form), and the parties hereby adopt as original any signatures received via electronically transmitted form.
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IN WITNESS WHEREOF, each of the undersigned has caused this Amendment to be executed in its name and on its behalf by a duly authorized officer as of the date set forth above.
EACH OF THE ENTITIES SET FORTH ON
APPENDIX A HERETO
By: /s/ Xxxxx X. Xxxxxxxx
Name: Xxxxx X. Xxxxxxxx
Title: Treasurer
STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxx Xxxxxxxx
Name: Xxxxxx Xxxxxxxx
Title: Executive Vice President
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APPENDIX A TO
Amended and Restated Master Custodian Agreement
| Open-End Funds |
FUND NO. | |
| TRUST / CORP | SERIES | |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Atlanta Capital Focused Growth Fund | FJ5F |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Atlanta Capital Select Equity Fund | FP19 |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Atlanta Capital XXXX-Cap Fund | FP6G |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Focused Global Opportunities Fund | FP1R |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Focused Growth Opportunities Fund | FS8U |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Focused Value Opportunities Fund | FS8V |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Greater China Growth Fund | FJ5B |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Hexavest Global Equity Fund | FP1W |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Hexavest International Equity Fund | FP1X |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx International Small-Cap Fund | FP1U |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Xxxxxxx Xxxxxxxxx All Asset Strategy Fund | FJ91 |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Xxxxxxx Xxxxxxxxx Equity Strategy Fund | FR3M |
| XXXXX XXXXX GROWTH TRUST | Xxxxx Xxxxx Worldwide Health Sciences Fund | FJ4G |
| XXXXX XXXXX GROWTH TRUST | Parametric Research Affiliates Systematic Alternative Risk Premia Fund | FSA8 |
| XXXXX XXXXX INVESTMENT TRUST | Xxxxx Xxxxx Floating-Rate Municipal Income Fund | FJ1B |
| XXXXX XXXXX INVESTMENT TRUST | Xxxxx Xxxxx National Limited Maturity Municipal Income Fund | FJ1H |
| XXXXX XXXXX INVESTMENT TRUST | Xxxxx Xxxxx New York Municipal Opportunities Fund | FJ1E |
| XXXXX XXXXX INVESTMENT TRUST | Xxxxx Xxxxx Short Duration Municipal Opportunities Fund | FJ1F |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Arizona Municipal Income Fund | FJ2L |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Connecticut Municipal Income Fund | FJ2P |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Georgia Municipal Income Fund | FJ1S |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Maryland Municipal Income Fund | FJ1P |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Massachusetts Municipal Income Fund | FJ2Z |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Minnesota Municipal Income Fund | FJ2M |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Missouri Municipal Income Fund | FJ1W |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Municipal Opportunities Fund | FJ56 |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx National Municipal Income Fund | FJ2W |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx New Jersey Municipal Income Fund | FJ2G |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx New York Municipal Income Fund | FJ2Y |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx North Carolina Municipal Income Fund | FJ1M |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Ohio Municipal Income Fund | FJ3A |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Oregon Municipal Income Fund | FJ1R |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Pennsylvania Municipal Income Fund | FJ2H |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx South Carolina Municipal Income Fund | FJ2A |
| XXXXX XXXXX MUNICIPALS TRUST | Xxxxx Xxxxx Virginia Municipal Income Fund | FJ1N |
| XXXXX XXXXX MUNICIPALS TRUST II | Xxxxx Xxxxx High Yield Municipal Income Fund | FJ2F |
| XXXXX XXXXX MUNICIPALS TRUST II | Parametric TABS 10-to-20 Year Laddered Municipal Bond Fund | FJ51 |
| XXXXX XXXXX MUNICIPALS TRUST II |
Parametric TABS 1-to-10 Year Laddered Municipal Bond Fund |
FJ50 |
| XXXXX XXXXX MUNICIPALS TRUST II | Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund | FG8B |
| XXXXX XXXXX MUNICIPALS TRUST II |
Parametric TABS Intermediate-Term Municipal Bond Fund |
FJ52 |
| XXXXX XXXXX MUNICIPALS TRUST II | Parametric TABS Short-Term Municipal Bond Fund | FJ3F |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx AMT-Free Municipal Income Fund | FJ1L |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Core Plus Bond Fund | FR4A |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Emerging and Frontier Countries Equity Fund | FV9B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Emerging Markets Debt Fund | FS1V |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Emerging Markets Local Income Fund | FR7B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Floating-Rate & High Income Fund | FS4M |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Floating-Rate Advantage Fund | FS3B |
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| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Floating-Rate Fund | FS5B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Global Bond Fund | FP8B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Global Income Builder Fund | FG7G |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund | FS8B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Global Macro Absolute Return Fund | FP5B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Global Small-Cap Equity Fund | FU3Y |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Government Opportunities Fund | FR2B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx High Income Opportunities Fund | FR8B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Multi-Asset Credit Fund | FJ9C |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Short Duration Government Income Fund | FR3B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Short Duration High Income Fund | FR6B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Short Duration Strategic Income Fund | FP7A |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Stock Fund | FJ4A |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Tax-Managed Equity Asset Allocation Fund | FU2R |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Tax-Managed Global Dividend Income Fund | FJ6C |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Tax-Managed Growth Fund 1.1 | FT2D |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Tax-Managed Growth Fund 1.2 | FT2E |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Tax-Managed Multi-Cap Growth Fund | FJ8U |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Tax-Managed Small-Cap Fund | FU3B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Xxxxx Xxxxx Tax-Managed Value Fund | FJ8H |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Parametric Commodity Strategy Fund | FH8Y |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Parametric Dividend Income Fund | FR1F |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Parametric Emerging Markets Fund | FA2O |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Parametric International Equity Fund | FJ54 |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Parametric Tax-Managed International Equity Fund | FU2B |
| XXXXX XXXXX MUTUAL FUNDS TRUST | Parametric Volatility Risk Premium – Defensive Fund | FR1X |
| XXXXX XXXXX SERIES FUND, INC. | Xxxxx Xxxxx Emerging Markets Debt Opportunities Fund | FR1R |
| XXXXX XXXXX SERIES TRUST | Xxxxx Xxxxx Tax-Managed Growth Fund 1.0 | FT2B |
| XXXXX XXXXX SERIES TRUST II | Xxxxx Xxxxx Income Fund of Boston | FR9B |
| XXXXX XXXXX SERIES TRUST II | Parametric Tax-Managed Emerging Markets Fund | FA2N |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Balanced Fund | FP4Z |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Core Bond Fund | FP2B |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Dividend Builder Fund | FJ7B |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Greater India Fund | FJ5P |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Growth Fund | FP4B |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Large-Cap Value Fund | FJ7H |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Real Estate Fund | FJ3V |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Short Duration Inflation-Protected Income Fund | FJ55 |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Small-Cap Fund | FP5G |
| XXXXX XXXXX SPECIAL INVESTMENT TRUST | Xxxxx Xxxxx Special Equities Fund | FJ5U |
| XXXXX XXXXX VARIABLE TRUST | Xxxxx Xxxxx VT Floating-Rate Income Fund | FJ3N |
| Closed-End Funds and Portfolios | ||
| 5-to-15 Year Laddered Municipal Bond Portfolio | FG8A | |
| Core Bond Portfolio | FP2A | |
| Xxxxx Xxxxx California Municipal Bond Fund | FH1N | |
| Xxxxx Xxxxx California Municipal Income Trust | FH1B | |
| Xxxxx Xxxxx Cash Reserves Fund LLC | FA6A | |
| Xxxxx Xxxxx Enhanced Equity Income Fund | FH9K | |
| Xxxxx Xxxxx Enhanced Equity Income Fund II | FH9C | |
| Xxxxx Xxxxx Floating Rate Portfolio | FS5A | |
| Xxxxx Xxxxx Floating-Rate 2022 Target Term Trust | FJ2K | |
| Xxxxx Xxxxx Floating-Rate Income Plus Fund | FJ5C | |
| Xxxxx Xxxxx Floating-Rate Income Trust | FH4A | |
| Xxxxx Xxxxx High Income 2021 Target Term Trust | FH1A | |
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| Xxxxx Xxxxx Limited Duration Income Fund | FH8C |
| Xxxxx Xxxxx Municipal Bond Fund | FH1R |
| Xxxxx Xxxxx Municipal Income 2028 Term Trust | FH1Q |
| Xxxxx Xxxxx Municipal Income Trust | FH1G |
| Xxxxx Xxxxx National Municipal Opportunities Trust | FH2F |
| Xxxxx Xxxxx New York Municipal Bond Fund | FH1P |
| Xxxxx Xxxxx New York Municipal Income Trust | FH1J |
| Xxxxx Xxxxx Risk-Managed Diversified Equity Income Fund | FH1K |
| Xxxxx Xxxxx Senior Floating-Rate Trust | FH5A |
| Xxxxx Xxxxx Senior Income Trust | FH4B |
| Xxxxx Xxxxx Short Duration Diversified Income Fund | FH7K |
| Xxxxx Xxxxx Tax-Advantaged Dividend Income Fund | FH5C |
| Xxxxx Xxxxx Tax-Advantaged Global Dividend Income Fund | FH6C |
|
Xxxxx Xxxxx Tax-Advantaged Global Dividend Opportunities Fund |
FH5K |
| Xxxxx Xxxxx Tax-Managed Buy-Write Income Fund | FH3C |
| Xxxxx Xxxxx Tax-Managed Buy-Write Opportunities Fund | FH2K |
| Xxxxx Xxxxx Tax-Managed Buy-Write Strategy Fund | FH8K |
| Xxxxx Xxxxx Tax-Managed Diversified Equity Income Fund | FH6K |
|
Xxxxx Xxxxx Tax-Managed Global Buy-Write Opportunities Fund |
FH3K |
| Xxxxx Xxxxx Tax-Managed Global Diversified Equity Income Xxxx | XX0X |
| Emerging Markets Local Income Portfolio | FR7A |
| Global Income Builder Portfolio | FG7C |
| Global Macro Absolute Return Advantage Portfolio | FS8A |
| Global Macro Capital Opportunities Portfolio | FV9A |
| Global Macro Portfolio | FP5A |
| Global Opportunities Portfolio | FV2C |
| Greater India Portfolio | FJ5N |
| High Income Opportunities Portfolio | FR8A |
| International Income Portfolio | FP8A |
| Senior Debt Portfolio | FS3A |
| Stock Portfolio | FP4V |
| Tax-Managed Growth Portfolio | FT9A |
| Tax-Managed International Equity Portfolio | FU2A |
| Tax-Managed Multi-Cap Growth Portfolio | FJ8S |
| Tax-Managed Small-Cap Portfolio | FU3A |
| Tax-Managed Value Portfolio | FJ8G |
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XXXXXXXX X
TO
Amended and Restated Master Custodian Agreement
LOAN SERVICES ADDENDUM
TO AMENDED AND RESTATED MASTER CUSTODIAN AGREEMENT
ADDENDUM to that certain Amended and Restated Master Custodian Agreement (the “Custodian Agreement”) by and among each fund (a “Fund”) identified on Appendix A thereto or made subject thereto pursuant to Section 16 thereof and State Street Bank and Trust Company, including its subsidiaries and other affiliates (the “Custodian”). As used in this Addendum, the term “Fund”, in relation to a Loan (as defined below), includes a Portfolio on whose behalf the Fund acts with respect to the Loan.
The following provisions will apply with respect to interests in commercial loans, including loan participations, whether the loans are bilateral or syndicated and whether any obligor is located in or outside of the United States (collectively, “Loans”), made or acquired by a Fund on behalf of one or more of its Portfolios.
Section 1. Payment Custody. If a Fund wishes the Custodian to receive payments directly with respect to a Loan for credit to the bank account maintained by the Custodian for the Fund under the Custodian Agreement,
(a) the Fund will cause the Custodian to be named as the Fund’s nominee for payment purposes under the relevant financing documents, e.g., in the case of a syndicated loan, the administrative contact for the agent bank, and otherwise provide for the payment to the Custodian of the payments with respect to the Loan; and
(b) the Custodian will credit to the bank account maintained by the Custodian for the Fund under the Custodian Agreement any payment on or in respect of the Loan actually received by the Custodian and identified as relating to the Loan, but with any amount credited being conditional upon clearance and actual receipt by the Custodian of final payment.
Section 2. Monitoring. If a Fund wishes the Custodian to monitor payments on and forward notices relating to a Loan,
(a) the Fund will deliver, or cause to be delivered, to the Custodian a schedule identifying the amount and due dates of the scheduled principal payments, the scheduled interest payment dates and related payment amount information, and such other information with respect to the Loan as the Custodian may reasonably require in order to perform its services hereunder (collectively, “Loan Information”) and in such form and format as the Custodian may reasonably request; and
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(b) the Custodian will (i) if the amount of a principal, interest, fee or other payment with respect to the Loan is not received by the Custodian on the date on which the amount is scheduled to be paid as reflected in the Loan Information, provide a report to the Fund that the payment has not been received and (ii) if the Custodian receives any consent solicitation, notice of default or similar notice from any syndication agent, lead or obligor on the Loan, undertake reasonable efforts to forward the notice to the Fund.
Section 3. Exculpation of the Custodian.
(a) Payment Custody and Monitoring. The Custodian will have no liability for any delay or failure by the Fund or any third party in providing Loan Information to the Custodian or for any inaccuracy or incompleteness of any Loan Information. The Custodian will have no obligation to verify, investigate, recalculate, update or otherwise confirm the accuracy or completeness of any Loan Information or other information or notices received by the Custodian in respect of the Loan. The Custodian will be entitled to (i) rely upon the Loan Information provided to it by or on behalf of the Fund or any other information or notices that the Custodian may receive from time to time from any syndication agent, lead or obligor or any similar party with respect to the Loan and (ii) update its records on the basis of such information or notices as may from time to time be received by the Custodian.
(b) Any Service. The Custodian will have no obligation to (i) determine whether any necessary steps have been taken or requirements have been met for the Fund to have acquired good or record title to a Loan, (ii) ensure that the Fund’s acquisition of the Loan has been authorized by the Fund, (iii) collect past due payments on the Loan, preserve any rights against prior parties, exercise any right or perform any obligation in connection with the Loan (including taking any action in connection with any consent solicitation, notice of default or similar notice received from any syndication agent, lead or obligor on the Loan) or otherwise take any other action to enforce the payment obligations of any obligor on the Loan, (iv) become itself the record title holder of the Loan or (v) make any advance of its own funds with respect to the Loan.
(c) Miscellaneous. The Custodian will not be considered to have been or be charged with knowledge of the sale of a Loan by the Fund, unless and except to the extent that the Custodian shall have received written notice of the sale from the Fund and the proceeds of the sale have been received by the Custodian for credit to the bank account maintained by the Custodian for the Fund under the Custodian Agreement. If any question arises as to the Custodian’s duties under this Addendum, the Custodian may request instructions from the Fund and will be entitled at all times to refrain from taking any action unless it has received Proper Instructions from the Fund. The Custodian will in all events have no liability, risk or cost for any action taken or omitted with respect to the Loan pursuant to Proper Instructions. The Custodian will have no responsibilities or duties whatsoever with respect to the Loan except as are expressly set forth in this Addendum.
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