GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 19 contracts
Samples: Custodian Agreement (Security Equity Fund), Custodian Agreement (Security Equity Fund), Custodian Agreement (Security Equity Fund)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section Article 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section Article 3 with respect to Mandatory Securities Depositories.
Appears in 9 contracts
Samples: Custodian Contract (Royce Fund), Custodian Contract (Royce Value Trust Inc), Custodian Contract (Davis International Series Inc)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For -------------------------------------------------- purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 4 contracts
Samples: Custodian Agreement (Security Capital U S Real Estate Shares Inc), Custodian Agreement (Security Capital U S Real Estate Shares Inc), Custodian Agreement (Security Capital U S Real Estate Shares Inc)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 4 contracts
Samples: Custodian Agreement (Cypresstree Senior Rate Fund), Custodian Agreement (Davis Variable Account Fund Inc), Custodian Agreement (Warburg Pincus Intern Small Co Fd Inc)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section Article 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section Article 3 with respect to Mandatory Securities Depositories.
Appears in 3 contracts
Samples: Custodian Contract (Cigna Variable Products Group), Custodian Contract (Cigna Funds Group), Custodian Contract (Msd&t Funds Inc)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section Article 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfoliosa Portfolio, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund Fund, on behalf of the Portfolios, and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section Article 3 with respect to Mandatory Securities Depositories.
Appears in 3 contracts
Samples: Custodian Contract (Aberdeen Global Income Fund Inc), Custodian Contract (Davis Series Inc), Custodian Contract (Longleaf Partners Funds Trust)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section Article 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Sub-Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfoliosa Portfolio, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund Fund, on behalf of the Portfolios, and the Sub-Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section Article 3 with respect to Mandatory Securities Depositories.
Appears in 2 contracts
Samples: Sub Custodian Contract (Munder Framlington Funds Trust), Sub Custodian Contract (Munder Funds Inc)
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this -------------------------------------------------- Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, Fund and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 1 contract
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the PortfoliosPortfolio(s). The Fund, on behalf of the PortfoliosPortfolio(s), and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 1 contract
Samples: Bb&t Funds /
GUIDELINES FOR THE EXERCISE OF DELEGATED AUTHORITY. For -------------------------------------------------- purposes of this Section 3, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Portfolios. The Fund, on behalf of the Portfolios, and the Board shall be deemed to be monitoring on a continuing basis such Country Risk to the extent that the Board considers necessary or appropriate. The Fund and the Custodian each expressly acknowledge that the Foreign Custody Manager shall not be delegated any responsibilities under this Section 3 with respect to Mandatory Securities Depositories.
Appears in 1 contract
