Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of the Fund on the Custodian's books subject only to draft or order by the Custodian. All funds received by the Custodian from or for the account of the Fund shall be deposited in said account(s). The responsibilities of the Custodian to the Fund for deposits accepted on the Custodian's books shall be that of a U. S. bank for a similar deposit. If and when authorized by proper instructions, the Custodian may open and operate an additional account(s) in such other banks or trust companies as may be designated by the Fund in such instructions (any such bank or trust company so designated by the Fund being referred to hereafter as a "Banking Institution"), provided that such account(s) shall be in the name of the Custodian for account of the Fund and subject only to the Custodian's draft or order. Such accounts may be opened with Banking Institutions in the United States and in other countries and may be denominated in either U. S. Dollars or other currencies as the Fund may determine. All such deposits shall be deemed to be portfolio securities of the Fund and accordingly the responsibility of the Custodian therefore shall be the same as and neither lesser nor greater than the Custodian's responsibility in respect of other portfolio securities of the Fund.
Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of each Fund, subject only to draft or order by such Fund, and to hold in such account or accounts deposits accepted on the Custodian's books denominated in U.S. and foreign currency, received for the account of the Fund. The obligation of the Custodian for deposits accepted on the Custodian's books shall be as follows: (a) the Custodian's obligations for deposits accepted on its books and denominated in U.S. currency shall be that of a U.S. bank for a similar deposit and (b) the Custodian's obligations for deposits accepted on its books and denominated in any foreign currency shall be that of a U.S. bank for a similar deposit, provided that such foreign currency deposits shall have the benefit of and be subject to the provisions of the last paragraph of Section 6.3 hereof, and accordingly in the event and to the extent the Custodian shall be unable to obtain payment due to a Sovereign Risk or other factor described in the first sentence of said last paragraph of Section 6.3 from any bank, trust company or similar institution with which the Custodian has in turn deposited funds denominated in a foreign currency by reason of the Custodian's foreign currency deposit obligation to a Fund, the Custodian's obligation to pay the Fund in respect of such foreign currency obligation shall similarly be deferred or relieved until and to the extent the Custodian is able to obtain payment in respect of the Custodian's foreign deposit from such bank, trust company or similar institution and accordingly shall not be payable on demand in U.S. currency. If and when authorized by proper instructions, the Custodian may open and operate an additional account(s) in such other banks, trust companies or similar institutions as may be designated by a Fund in such instructions (any such bank, trust company or similar institution so designated by the Fund being referred to hereafter as a "Banking Institution"), and may hold in such account or accounts deposits of the Fund denominated in U.S. or foreign currency, provided that such account(s) (hereinafter collectively referred to as "demand deposit bank accounts") shall be in the name of the Custodian or a nominee of the Custodian for the account of the Fund or for the account of the Custodian's customers generally and shall be subject only to the Custodian's draft or order; provided that any such demand deposit bank account shall contain only assets held by the Custodian as a f...
Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of each Fund, subject only to draft or order by the Custodian or a Fund, and to hold in such account or accounts as a deposit accepted on the Subcustodian's books cash, including foreign currency, received for the account of such Fund other than cash held as deposits with Banking Institutions in accordance with the following paragraph. The responsibilities of the Subcustodian for cash, including foreign currency, of a Fund accepted on the Subcustodian's books as a deposit shall be that of a U. S. bank for a similar deposit. If and when authorized by proper instructions, the Subcustodian may open and operate an additional account(s) in such other banks or trust companies as may be designated by the Custodian or a Fund in such instructions (any such bank or trust company so designated by the Custodian and a Fund being referred to hereafter as a "Banking Institution"), and may deposit cash, including foreign currency, of such Fund in such account or accounts, provided that such account(s) (hereinafter collectively referred to as "demand deposit bank accounts") shall be in the name of the Subcustodian or a nominee of the Subcustodian for the account of such Fund or for the account of the Subcustodian's customers generally and shall be subject only to the
Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of the Fund on the Custodian's books subject only to draft or order by the Custodian. All
Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of each Fund, subject only to draft or order by each Fund, and to hold in such account or accounts deposits accepted on the Custodian's books denominated in U.S. and foreign currency, received for the account of each Fund, other than deposits with Banking Institutions held in accordance with the last paragraph of this Section 2.12. The obligation of the Custodian for deposits accepted on the Custodian's books and denominated in U.S. currency shall be that of a U.S. bank for a similar deposit. The obligation of the Custodian for deposits denominated in any foreign currency shall have the benefit of and be subject to the provisions of the last paragraph of Section 6.3 hereof, and accordingly in the event and to the extent the Custodian shall be unable to obtain payment due to a Sovereign Risk or other factor described in the first sentence of said paragraph from any bank, trust company or similar institution with which the Custodian has in turn deposited funds denominated in a foreign currency by reason of the Custodian's foreign currency deposit obligation to each Fund, the Custodian's obligation to pay each Fund in respect of such foreign currency obligation shall similarly be deferred or relieved until and to the extent the Custodian is able to obtain payment in respect of the Custodian's foreign deposit from such bank, trust company or similar institution and accordingly shall not be payable on demand in U.S. currency. If and when authorized by proper instructions, the Custodian may open and operate an additional account(s) in such other banks, trust companies or similar institutions as may be designated by each Fund in such instructions (any such bank, trust company or similar institution so designated by each Fund being referred to hereafter as a "Banking Institution"), and may hold in such account or accounts deposits of each Fund denominated in U.S. or foreign currency, provided that such account(s) (hereinafter collectively referred to as "demand deposit bank accounts") shall be in the name of the Custodian or a nominee of the Custodian for the account of each Fund or for the account of the Custodian's customers generally and shall be subject only to the Custodian's draft or order; provided that any such demand deposit bank account shall contain only assets held by the Custodian as a fiduciary or custodian for each Fund and/or other customers and that the records of the Custodian shall indicate ...
Demand Deposit Bank Accounts. To open and operate an account or accounts in the If and when authorized by proper instructions, the Custodian may open and operate an additional account(s) in such other banks or trust companies as may be designated by the Fund in such instructions (any such bank or trust company so designated by the Fund being referred to hereafter as a "Banking Institution"), provided that such account(s) shall be in the name of the Custodian for account of the Fund and subject only to the Custodian's draft or order. Such accounts may be opened with Banking Institutions in the United States and in other countries and may be denominated in either U. S. Dollars or other currencies as the Fund may determine. All such deposits shall be deemed to be portfolio securities of the Fund and accordingly the responsibility of the Custodian therefore shall be the same as and neither lesser nor greater than the Custodian's responsibility in respect of other portfolio securities of the Fund.
Demand Deposit Bank Accounts. 7 M. Interest Bearing Call or Time Deposits..................... 8 N. Foreign Exchange Transactions and Futures Contracts..................................... 9 O.
Demand Deposit Bank Accounts. To open and operate an account or accounts in the name of the Fund, subject only to draft or order by the Fund, and to hold in such account or accounts as a deposit accepted on the Custodian's books cash, including foreign currency, received for the account of the Fund other than cash held as deposits with Banking Institutions in accordance with the following paragraph. The responsibilities of the Custodian for cash, including foreign currency, of a Fund accepted on the Custodian's books as a deposit shall be that of a U.S. bank for a similar deposit. If and when authorized by proper instructions, the Custodian may open and operate an additional account(s) in such other banks or trust companies as may be designated by the Fund in such
Demand Deposit Bank Accounts is replaced in its ----------------------------------------- entirety with the following:
Demand Deposit Bank Accounts. 9 2.13 Interest Bearing Call or Time Deposits........................ 10 2.14
