Common use of Foreign Currency Risks Clause in Contracts

Foreign Currency Risks. The Client shall bear all risks and expenses associated with investing in Securities or holding cash denominated in a currency other than that of the Client’s home jurisdiction. Neither the Custodian nor any member of the Citigroup Organization shall be obligated to substitute another currency for a currency whose transferability, convertibility or availability has been affected by any law, regulation, rule or procedure.

Appears in 2 contracts

Sources: Custodial Services Agreement (DMS Funds), Custodial Services Agreement (Swiss Helvetia Fund, Inc.)

Foreign Currency Risks. The Client shall bear all risks and expenses associated with investing in Securities or holding cash denominated in a currency other than that of the Client’s home jurisdictionany currency. Neither the Custodian nor any member of the Citigroup Organization shall be obligated to substitute another currency for a currency whose transferability, convertibility or availability has been affected by any law, regulation, rule or procedure.

Appears in 1 contract

Sources: Custodial Services Agreement (Citibank,N.A./ADR)