Common use of Appointment of Subcustodians Clause in Contracts

Appointment of Subcustodians. 1. Notwithstanding any other provisions of this Agreement, all of or any of the monies or securities of Fund may be held in Custodian's own custody or in the custody of one or more other banks or trust companies selected by Custodian and approved by the Fund's Board of Directors. Any such subcustodian must have the qualifications required for custodian under the Investment Company Act of 1940, as amended. The subcustodian may participate directly or indirectly in the Depository Trust Company, Treasury/Federal Reserve Book Entry System, Participant Trust Company or other depository approved by the Fund (as such entities are defined at 17 CFR Sec. 270.17f-4(b)). The appointment of UMBKC or any other subcustodian, depository or clearing agency used by the Custodian and approved by the Fund will not relieve Custodian of any of its obligations hereunder except as provided in Section 3.C hereof. The Custodian will comply with Section 17f-4 of the Investment Company Act of 1940, as amended, as to depositories and clearing agencies used by Custodian and approved the Fund. The Custodian will not be entitled to reimbursement by Fund for any fees or expenses of any subcustodian, depository or clearing agency.

Appointment of Subcustodians. 1. Notwithstanding any other provisions of this Agreement, all of or any of the monies or securities of Fund may be held in Custodian's own custody or in the custody of one or more other banks or trust companies selected by Custodian and approved by the Fund's Board of DirectorsTrustees. Any such subcustodian must have the qualifications required for custodian under the Investment Company Act of 1940, as amended. The subcustodian may participate directly or indirectly in the Depository Trust Company, Treasury/Federal Reserve Book Entry System, Participant Trust Company or other depository approved by the Fund (as such entities are defined at 17 CFR Sec. 270.17f-4(b)). The appointment of UMBKC or any other subcustodian, depository depository, or clearing agency used by the Custodian and approved by the Fund will not relieve Custodian of any of its obligations hereunder except as provided in Section 3.C hereof. The Custodian will comply with Section 17f-4 of the Investment Company Act of 1940, as amended, as to depositories and clearing agencies used by Custodian and approved by the Fund. The Custodian will not be entitled to reimbursement by Fund for any fees or expenses of any subcustodian, depository or clearing agency.

Appointment of Subcustodians. 1. Notwithstanding any other provisions of this Agreement, all of or any of the monies or securities of Fund may be held in Custodian's own custody or in the custody of one or more other banks or trust companies selected by Custodian and approved by the Fund's Board of Directors. Any such subcustodian must have the qualifications required for custodian under the Investment Company Act of 1940, as amended. The subcustodian may participate directly or indirectly in the Depository Trust Company, Treasury/Federal Reserve Book Entry System, Participant Trust Company or other depository approved by the Fund (as such entities are defined at 17 CFR Sec. 270.17f-4(b)). The appointment of UMBKC State Street Bank and Trust Company or any other subcustodian, depository or clearing agency used by the Custodian and approved by the Fund will not relieve Custodian of any of its obligations hereunder except as provided in Section 3.C 5.C hereof. The Custodian will comply with Section 17f-4 of the Investment Company Act of 1940, as amended, as to depositories and clearing agencies used by Custodian and approved the Fund. The Custodian will not be entitled to reimbursement by Fund for any fees or expenses of any subcustodian, depository or clearing agency.

Appointment of Subcustodians. 1. Notwithstanding any other provisions of this Agreement, all of or any of the monies or securities of Fund may be held in Custodian's own custody or in the custody of one or more other banks or trust companies selected by Custodian and approved by the Fund's Board of Directors. Any such subcustodian must have the qualifications required for custodian under the Investment Company Act of 1940, as amended. The subcustodian may participate directly or indirectly in the Depository Trust Company, Treasury/Federal Reserve Book Entry System, Participant Trust Company or other depository approved by the Fund (as such entities are defined at 17 CFR Sec. 270.17f-4(b)). The appointment of UMBKC State Street Bank and Trust Company or any other subcustodian, depository or clearing agency used by the Custodian and approved by the Fund will not relieve Custodian of any of its obligations hereunder except as provided in Section 3.C 5.C hereof. The Custodian will comply with Section 17f-4 of the Investment Company Act of 1940, as amended, as to depositories and clearing agencies used by Custodian and approved by the Fund. The Custodian will not be entitled to reimbursement by Fund for any fees or expenses of any subcustodian, depository or clearing agency.