Monitoring System. IN each case in which the Custodian has exercised delegated authority to place Assets with a Foreign Custodian, the Custodian shall monitor the appropriateness of maintaining the Assets with such Foreign Custodian, and the performance of the Foreign Custodian under its contract WITH THE CUSTODIAN, IN ACCORDANCE WITH RULE 17f-5(c)(3). The Custodian will notify the Fund as soon as possible if an arrangement with a Foreign Custodian no longer meets the requirements of Rule 17f-5, so that the Fund may withdraw its Assets in accordance with Rule 17f-5(c)(3)(ii).
Appears in 16 contracts
Samples: And Services Agreement (Dreyfus Fund Inc), And Services Agreement (Mpam Funds Trust), And Services Agreement (Dreyfus Lifetime Portfolios Inc)
Monitoring System. IN each case in which the Custodian has exercised delegated authority to place Assets with a Foreign Custodian, the Custodian shall monitor the appropriateness of maintaining the Assets with such Foreign Custodian, and the performance of the Foreign Custodian under its contract WITH THE with the CUSTODIAN, IN ACCORDANCE WITH RULE 17f-5(c)(3). The Custodian will notify the Fund as soon as possible if an arrangement with a Foreign Custodian no longer meets the requirements of Rule 17f-5, so that the Fund may withdraw its Assets in accordance with Rule 17f-5(c)(3)(ii).
Appears in 5 contracts
Samples: Services Agreement (Dreyfus Growth & Income Fund Inc /New/), Manager Agreement (Dreyfus Socially Responsible Growth Fund Inc), Services Agreement (Dreyfus Disciplined Equity Income Fund)
Monitoring System. IN each case in which the Custodian has exercised delegated authority to place Assets with a Foreign Custodian, the Custodian shall monitor the appropriateness of maintaining the Assets with such Foreign Custodian, and the performance of the Foreign Custodian under its contract THE PERFORMANCE OF THE FOREIGN CUSTODIAN UNDER ITS CONTRACT WITH THE CUSTODIAN, IN ACCORDANCE WITH RULE 17f-5(c)(3). The Custodian will notify the Fund as soon as possible if an arrangement with a Foreign Custodian no longer meets the requirements of Rule 17f-5, so that the Fund may withdraw its Assets in accordance with Rule 17f-5(c)(3)(ii).
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