Monitoring Responsibilities. The Custodian shall furnish annually to the Fund, during the month of June, information concerning the foreign sub-custodians employed by the Custodian. Such information shall be similar in kind and scope to that furnished to the Fund in connection with the initial approval of this Contract. In addition, the Custodian will promptly inform the Fund in the event that the Custodian learns of a material adverse change in the financial condition of a foreign sub-custodian or any material loss of the assets of the Fund or in the case of any foreign sub-custodian not the subject of an exemptive order from the Securities and Exchange Commission is notified by such foreign sub-custodian that there appears to be a substantial likelihood that its shareholders' equity will decline below $200 million (U.S. dollars or the equivalent thereof) or that its shareholders' equity has declined below $200 million (in each case computed in accordance with generally accepted U.S. accounting principles).
Monitoring Responsibilities. 13 3.13 Branches of U.S. Banks.........................................................................13 3.14
Monitoring Responsibilities. With respect to the Fund's foreign assets, the Custodian shall furnish annually to the Fund, during the month of June, information concerning the sub-custodians employed by the Custodian. Such information shall be similar in kind and scope to that furnished to the Fund in connection with the initial approval of this Contract. In addition, the Custodian will promptly inform the Fund in the event that the Custodian learns of a material adverse change in the financial condition of a sub-custodian. 3.10
Monitoring Responsibilities. (a) The Custodian will promptly inform each Fund in the event that the Custodian learns of a material adverse change in the financial condition of a Foreign Custodian or learns that a Foreign Custodian's financial condition has declined or is likely to decline below the minimum levels required by Rule 17f-5 of the 1940 Act.
Monitoring Responsibilities. 39 3.13 Branches of U.S. Banks . . . . . . . . . . . . . . . . . .40 3.13
Monitoring Responsibilities. With respect to the Fund's foreign assets, the Custodian shall furnish annually to the Fund, during the month of June, information concerning the sub-custodians employed by the Custodian.
Monitoring Responsibilities. 13 3.13 Branches of U.S. Banks................................ 13 3.14
Monitoring Responsibilities. (a) The Custodian will promptly inform the Trust in the event that the Custodian learns of a material adverse change in the financial condition of a Foreign Custodian or is notified by (i) a foreign banking institution employed as a Foreign Custodian that there appears to be a substantial likelihood that its shareholders' equity will decline below $200 million or that its shareholders' equity has declined below $200 million (in each case computed in accordance with generally accepted United States accounting principles) and denominated in U.S. dollars, or (ii) a subsidiary of a United States bank or bank holding company acting as a Foreign Custodian that there appears to be a substantial likelihood that its shareholders' equity will decline below $100 million or that its shareholders' equity has declined below $100 million (in each case computed in accordance with generally accepted United States accounting principles) and denominated in U.S. dollars.
Monitoring Responsibilities. 27 3.13 Branches of U.S. Banks......................................28 3.13
Monitoring Responsibilities. The Bank shall furnish to the Fund information made available to it by NAB concerning NAB for use by the Fund in evaluating NAB and to ensure compliance with the requirements of Rule 17f-5 of the Act. The Bank shall promptly inform the Fund of any material changes in the circumstances surrounding the foreign custody arrangements provided by NAB as such information shall be made available to the Bank by NAB.