Common use of Responsibility for Subcustodians Clause in Contracts

Responsibility for Subcustodians. Except as provided in the last sentence of this Section 8.3, the Custodian shall be liable to the Trust for any loss or damage to the Trust (or a Fund) caused by or resulting from the acts or omissions of any Subcustodian, to the extent that the Custodian would be liable to the Trust (or the Fund) hereunder. The liability of the Custodian in respect of countries and Subcustodians in Recover Markets shall be subject to the additional condition that the Custodian actually recovers such loss or damage from the Subcustodian.

Responsibility for Subcustodians. Except as provided in the last sentence of this Section 8.3, the Custodian shall be liable to the Trust or Company for any loss or damage to the Trust (or a Fund) or Company caused by or resulting from the acts or omissions of any Subcustodian, to the extent that the Custodian would be liable to the Trust (or the Fund) or Company hereunder. The liability of the Custodian in respect of countries and Subcustodians in Recover Markets shall be subject to the additional condition that the Custodian actually recovers such loss or damage from the Subcustodian.

Responsibility for Subcustodians. Except as provided in the last sentence of this Section 8.3, the The Custodian shall be liable to the Trust for any loss or damage to the Trust (or a Fund) caused by or resulting from the acts or omissions of any Subcustodian, to the extent that the Custodian would be liable to the Trust (or the Fund) hereunder. The liability under the terms of this Agreement in light of the Custodian facts and circumstances prevailing in respect the jurisdiction where such act or omission of countries and Subcustodians in Recover Markets the Subcustodian shall be subject to the additional condition that the Custodian actually recovers such loss or damage from the Subcustodianhave occurred.