Common use of Oversight Clause in Contracts

Oversight. The Custodian acknowledges that the Funds have informed the Custodian of their intent to engage Xxxxxx Fiduciary Trust Company, a Massachusetts trust company (“PFTC”), or one of PFTC’s affiliates to perform custody oversight services on behalf of the Funds. Upon notice and instruction from the Funds that they have engaged PFTC or its affiliate regarding such custody oversight services, the Custodian shall, at the expense of the Funds, reasonably cooperate with such entity to provide such information regarding the Funds and such information regarding the Custodian’s performance of the services contemplated by this Agreement (the “Services”) to such entity as it may reasonably request from time to time.

Appears in 17 contracts

Samples: Master Custodian Agreement (Putnam Pennsylvania Tax Exempt Income Fund), Master Custodian Agreement (Putnam Variable Trust), Master Custodian Agreement (Putnam ETF Trust)

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Oversight. The Custodian acknowledges that the Funds have informed the Custodian of their intent to engage Xxxxxx Fiduciary Puxxxx Xiduciary Trust Company, a Massachusetts trust company (“PFTC”), or one of PFTC’s affiliates to perform custody oversight services on behalf of the Funds. Upon notice and instruction from the Funds that they have engaged PFTC or its affiliate regarding such custody oversight services, the Custodian shall, at the expense of the Funds, reasonably cooperate with such entity to provide such information regarding the Funds and such information regarding the Custodian’s performance of the services contemplated by this Agreement (the “Services”) to such entity as it may reasonably request from time to time.

Appears in 5 contracts

Samples: Master Custodian Agreement (Putnam Multi-Cap Growth Fund), Master Custodian Agreement (Putnam Global Natural Resources Fund), Master Custodian Agreement (Putnam Mortgage Recovery Fund)

Oversight. The Custodian acknowledges that the Funds have informed the Custodian of their intent to engage Xxxxxx Pxxxxx Fiduciary Trust Company, a Massachusetts trust company (“PFTC”), or one of PFTC’s affiliates to perform custody oversight services on behalf of the Funds. Upon notice and instruction from the Funds that they have engaged PFTC or its affiliate regarding such custody oversight services, the Custodian shall, at the expense of the Funds, reasonably cooperate with such entity to provide such information regarding the Funds and such information regarding the Custodian’s performance of the services contemplated by this Agreement (the “Services”) to such entity as it may reasonably request from time to time.

Appears in 1 contract

Samples: Master Custodian Agreement (Putnam Target Date Funds)

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Oversight. The Custodian acknowledges that the Funds have informed the Custodian of their intent to engage Xxxxxx Putnam Fiduciary Trust Company, a Massachusetts trust company (“PFTC”), or one of PFTC’s affiliates to perform custody oversight services on behalf of the Funds. Upon notice and instruction from the Funds that they have engaged PFTC or its affiliate regarding such custody oversight services, the Custodian shall, at the expense of the Funds, reasonably cooperate with such entity to provide such information regarding the Funds and such information regarding the Custodian’s performance of the services contemplated by this Agreement (the “Services”) to such entity as it may reasonably request from time to time.

Appears in 1 contract

Samples: Master Custodian Agreement (Putnam High Yield Fund)

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