Common use of FOREIGN DEPOSITORIES Clause in Contracts

FOREIGN DEPOSITORIES. With respect to Foreign Depositories, Custodian shall continuously monitor the eligibility of the Foreign Depositories and if, at any time, Custodian determines that any Foreign Depository no longer satisfies the requirements of SEC Rule 17F-5(c)(2), Custodian shall promptly provide written notice to Client and will act upon Authorized Instructions.

Appears in 3 contracts

Samples: Custody Agreement (Prudential Variable Contract Account 10), Custody Agreement (Prudential Variable Contract Account 24), Custody Agreement (Prudential Series Fund Inc)

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FOREIGN DEPOSITORIES. With respect to Foreign Depositories, Custodian shall continuously monitor the eligibility of the Foreign Depositories and if, at any time, Custodian determines that any Foreign Depository no longer satisfies the requirements of SEC Rule 17F-5(c)(2), 17F-5(c)(2)~ Custodian shall promptly provide written notice to Client and will act upon Authorized Instructions.

Appears in 2 contracts

Samples: Custody Agreement (Prudential Variable Contract Account 2), Custody Agreement (Prudential Variable Contract Account 11)

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