INSOLVENCY AND COUNTRY RISK. Each agreement pursuant to which the Custodian employs an Eligible Foreign Custodian shall meet the requirements set forth in Rule 17f-5. The Custodian shall in no event be liable for (a) the insolvency of any Eligible Foreign Custodian, (b) the insolvency of any depositary bank maintaining in a deposit account cash denominated in any currency other than an “on book” currency, or (c) any loss, cost or expense incurred or sustained by a Fund or Portfolio resulting from or caused by Country Risk.
Appears in 6 contracts
Samples: Master Custodian Agreement (Fpa U.S. Value Fund Inc), Master Custodian Agreement (Fpa Paramount Fund Inc), Master Custodian Agreement (Source Capital Inc /De/)
