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Common use of Foreign Sub-Custodians Clause in Contracts

Foreign Sub-Custodians. The Custodian may employ as sub-custodian for each Fund’s Foreign Securities on behalf of the applicable Portfolio(s) the foreign banking institutions and foreign securities depositories designated in Schedules A and B hereto, but only in accordance with the applicable provisions of Section 4 hereof.

Appears in 46 contracts

Sources: Custodian Services Agreement (Western Asset Municipal High Income Fund Inc.), Custodian Services Agreement (LMP Capital & Income Fund Inc.), Custodian Services Agreement (Western Asset Global High Income Fund Inc.)

Related Clauses

  • Foreign Subcustodians
  • Domestic Subcustodians
  • Foreign Subcustodians and Interim Subcustodians
  • Liability of Foreign Sub-Custodians and Foreign Securities Systems
  • SPECIAL SUB-CUSTODIANS

Parent Clauses

  • Custody With Respect to Foreign Securities
  • Appointment of Custodian General Duties
  • Appointment of Agents and Sub Custodians
  • Securities Held Outside of the United States
  • Reliance on Instructions and Authority

Sub-Clauses

  • Foreign Sub-custodians
  • Segregation of Securities
  • Assets to be Held
  • Access of Independent Accountants of the Fund
  • Liability of Foreign Sub-Custodians
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