ELIGIBLE SECURITIES DEPOSITORY. In selecting an Eligible Securities Depository, Custodian shall exercise reasonable care, prudence, and diligence in evaluating the custody risks associated with maintaining Securities with the Eligible Securities Depository under Custodian's custody arrangements with any relevant Eligible Foreign Custodian and the Eligible Securities Depository.
Appears in 2 contracts
Sources: Custodian Agreement (O'Connor EQUUS), Custodian Agreement (Advisors' Inner Circle Fund III)