AGI. Fund Management hereby delegates to NACM, as part of its overall duties and responsibilities to each Fund with respect to its management of each Fund’s portfolio and otherwise under the Sub-Advisory Agreement, responsibility (a) for making determinations with respect to the placement, maintenance and/or withdrawal of each Fund’s assets with or from depository institutions in accordance with Rule 17f-7, including determinations as to whether each Fund’s custody arrangements provide reasonable safeguards against the custody risks associated with maintaining assets with a depository institution, based on NACM’s analysis of risk and other information provided by the Custodian pursuant to the Custodian Agreement, and (b) for informing AGI Fund Management and the Trust’s Board of Trustees when custodial risks associated with a Fund’s depository arrangements are a material factor in NACM’s decision to invest the Fund’s assets in a foreign country.
AGI. Fund Management hereby delegates to RCM, who in turn delegates to AGIA, as part of AGIA’s overall duties and responsibilities to the Funds with respect to AGIA’s management of each Fund’s portfolio and otherwise under the Portfolio Management Agreement, responsibility (a) for making determinations with respect to the placement, maintenance and/or withdrawal of each Fund’s assets with or from depository institutions in accordance with Rule 17f-7, including determinations as to whether each Fund’s custody arrangements provide reasonable safeguards against the custody risks associated with maintaining assets with a depository institution, based on AGIA’s analysis of risk and other information provided by the Custodian pursuant to the Custodian Agreement, and (b) for informing AGI Fund Management, RCM, and the Trust’s Board of Trustees when custodial risks associated with a Fund’s depository arrangements are a material factor in AGIA’s decision to invest the Fund’s assets in a foreign country.
AGI a New Jersey corporation and a wholly owned subsidiary of AEE formed in 1986. AGI develops, owns and operates independent power production projects. 4
AGI. Fund Management hereby delegates to NFJ, as part of its overall duties and responsibilities to each Fund with respect to its management of each Fund’s portfolio and otherwise under the Sub-Advisory Agreement, responsibility (a) for making determinations with respect to the placement, maintenance and/or withdrawal of each Fund’s assets with or from depository institutions in accordance with Rule 17f-7, including determinations as to whether each Fund’s custody arrangements provide reasonable safeguards against the custody risks associated with maintaining assets with a depository institution, based on NFJ’s analysis of risk and other information provided by the Custodian pursuant to the Custodian Agreement, and (b) for informing AGI Fund Management and the Trust’s Board of Trustees when custodial risks associated with a Fund’s depository arrangements are a material factor in NFJ’s decision to invest the Fund’s assets in a foreign country.
AGI. Fund Management hereby delegates to AllianzGI U.S., as part of its overall duties and responsibilities to each Portfolio with respect to its management of each Portfolio’s portfolio and otherwise under the Sub-Advisory Agreement, responsibility (a) for making determinations with respect to the placement, maintenance and/or withdrawal of each Portfolio’s assets with or from depository institutions in accordance with Rule 17f-7, including determinations as to whether each Portfolio’s custody arrangements provide reasonable safeguards against the custody risks associated with maintaining assets with a depository institution, based on AllianzGI U.S.’s analysis of risk and other information provided by the Custodian pursuant to the Custodian Agreement, and (b) for informing AGI Fund Management and the Trust’s Board of Trustees when custodial risks associated with a Portfolio’s depository arrangements are a material factor in AllianzGI U.S.’s decision to invest the Portfolio’s assets in a foreign country.
AGI has the full corporate right, power and authority to enter into this Agreement and to perform the acts required of it under this Agreement; and
AGI s execution of this Agreement, along with its performance of its obligations under this Agreement, does not violate any agreement to which it is a party or by which it is bound; and
AGI not less than $2,000,000 per occurrence; and
AGI. AGI represents and warrants as follows: the execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly authorized by the Board of Directors of AGI, and all corporate actions of AGI required to authorize such execution, delivery and performance and such transactions, other than obtaining shareholder approval, have been taken. This Agreement has been duly and validly executed and delivered by AGI and constitutes the valid and binding obligation of AGI, enforceable against AGI according to its terms. No consent, authorization, or approval of any third party, other than as set forth in the preceding sentence, is required in connection with the execution, delivery and performance of this Agreement by AGI.
