eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries. The Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule B to this Agreement and the terms of the subcustody agreements between the Bank and each Subcustodian, which are attached as Exhibits I through of Schedule B, and further represents that its Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders. The Bank will supply the Customer with any amendment to Schedule B for approval. As requested by the Bank, the Customer will supply the Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which is supervised or regulated by that country's government or an agency thereof or other regulatory authority in the foreign jurisdiction having authority over such depositories or clearing agencies and which is described in paragraph (c)(2) of the Department of Labor Regulations Section 2550.404b-1.
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries. Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule A hereto and the terms of the subcustody agreements between Bank and each Subcustodian, which are attached as Exhibits I through of Schedule A, and further represents that its Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders. Bank shall supply Customer with any amendment to Schedule A for approval. Customer has supplied or shall supply Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.
More Definitions of eligible foreign securities depository
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries. The Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule A to this Agreement and the terms of the subcustody agreements between the Bank and each Subcustodian, and further represents that its Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders. The Bank will supply the Customer with any amendment to Schedule A for approval. The Customer has supplied or will supply the Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.
eligible foreign securities depository means an Eligible Securities Depository as defined in Rule 17f-7 under the 1940 Act.
eligible foreign securities depository means a foreign Securities Depository that meets the eligibility requirements of Paragraph 5 hereof.
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries.
eligible foreign securities depository means an Eligible Securities Depository as defined in Rule 17f-7 under the 0000 Xxx.
eligible foreign securities depository. ("Depository") shall mean a securities depository or clearing agency incorporated or organized under the laws of a country other than the United States which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries.
eligible foreign securities depository means a securities depository or clearing agency incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling of securities or equivalent book-entries in that country or (ii) a transactional system for the central handling of securities or equivalent book-entries; provided, however that although the Bank is of the opinion that each of the securities depositories used by it and its Subcustodians do operate a central system for handling securities in their respective countries, the determination that a securities depository operates a central system absent any official proclamation by the Securities and Exchange Commission ("SEC") is a factual one and the Bank shall not be liable for any future determination by the SEC that any such securities depository does not in fact operate such a central system. If the Bank appoints other Subcustodians to hold the Fund's Property, it will so notify the Custodian and the Fund in accordance with this Section 2 and will provide them with information reasonably necessary to determine any such new Subcustodian's eligibility under Rule 17f-5, including a copy of the proposed agreement with such Subcustodian. If the Bank removes any Subcustodian it shall so notify the Fund and the Custodian in accordance with this Section 2 and shall move the Property deposited with such Subcustodian to another Subcustodian or a new Subcustodian, provided that the appointment of any new Subcustodian will be subject to the requirements set forth in this Section 2. The Bank shall take steps as may be required to remove any subcustodian which has ceased to meet the requirements of this Section 2. The Bank shall hold Property through a Subcustodian, securities depository or clearing agency only if (a) such Subcustodian and any securities depository or clearing agency in which such Subcustodian or the Bank holds Property, or any for their creditors, may not assert any right, charge, security interest, lien, encumbrance or other claim of any kind to such Property except a claim of payment for its safe custody or administration and (b) beneficial ownership of such Property may be freely transferred without the payment of money or value other than for safe custody or administration.