Common use of SUB-CUSTODIAN ACCOUNT Clause in Contracts

SUB-CUSTODIAN ACCOUNT. The Participant understands and agrees that, in the case of each Fund, as applicable, the Trust has caused the Trust’s custodian (the “Custodian”) to maintain with a sub-custodian for such Fund an account in each relevant jurisdiction to which the Participant shall, when applicable, deliver or cause to be delivered in connection with the creation of a Creation Unit aggregation the Deposit Securities not subject to settlement in the United States and any other applicable cash amounts (or the cash value of all or a part of such securities, in the case of a permitted or required cash purchase or “cash-in-lieu” amount) on behalf of itself or any other party for which it is acting (regardless of its capacity), with any appropriate adjustments as advised by the Trust, in accordance with the terms and conditions applicable to such account in such jurisdiction.

SUB-CUSTODIAN ACCOUNT. The Participant understands and agrees that, that in the case of each Fund, as applicable, the Trust has caused the Trust’s custodian (the “Custodian”) to maintain with a the applicable sub-custodian for such Fund an account in each relevant jurisdiction foreign jurisdiction, set forth on Attachment B hereto, to which the Participant shall, when applicable, shall deliver or cause to be delivered in connection with the creation of a Creation Unit aggregation the Deposit Securities not subject to settlement in the United States and any other applicable cash amounts (or the cash value of all or a part of such securities, in the case of a permitted or required cash purchase or “cash-in-cash in lieu” amount) on behalf of itself or any other party for which it is acting (regardless of its capacity), with any appropriate adjustments as advised by the Trust, in accordance with the terms and conditions applicable to such account in such jurisdiction.

SUB-CUSTODIAN ACCOUNT. The Participant understands and agrees that, in the case of each Fund, as applicable, the Trust has caused the Trust’s custodian (the “Custodian”) custodian, State Street Bank and Trust Company, to maintain with a the applicable sub-custodian custodian, if any, for such Fund an account in each relevant foreign jurisdiction to which the Participant shall, when applicable, shall deliver or cause to be delivered in connection with the creation of a Creation Unit aggregation the Deposit Securities not subject to settlement in the United States and any other applicable cash amounts (or the cash value of all or a part of such securities, in the case of a permitted or required cash purchase or “cash-in-cash in lieu” amount) on behalf of itself or any other party for which it is acting (regardless of its capacity), with any appropriate adjustments as advised by the Trust, in accordance with the terms and conditions applicable to such account in such jurisdiction.

SUB-CUSTODIAN ACCOUNT. The Participant understands and agrees that, that in the case of each Fund, as applicable, the Trust has caused the Trust’s custodian 's custodian, State Street Bank and Trust Company (the “"Custodian”") to maintain with a the applicable sub-custodian for such Fund an account in each relevant jurisdiction foreign jurisdiction, set forth on Attachment C hereto, to which the Participant shall, when applicable, shall deliver or cause to be delivered in connection with the creation purchase of a Creation Unit aggregation the Deposit Securities not subject to settlement in the United States and any other applicable cash amounts (or the cash value of all or a part of such securities, in the case of a permitted or required cash purchase or “cash-in-"cash in lieu” " amount) on behalf of itself or any other party for which it is acting (regardless of its capacity), with any appropriate adjustments as advised by the Trust, in accordance with the terms and conditions applicable to such account in such jurisdiction.