Common use of Subcustodian Advances Clause in Contracts

Subcustodian Advances. In the event that the Subcustodian is directed by proper instructions to make any payment or transfer of funds on behalf of a Fund for which there would be, at the close of business on the date of such payment or transfer, insufficient funds held by the Subcustodian on behalf of the Fund, the Subcustodian may, in its discretion without further proper instructions, provide an advance ("Advance") to the Fund in an amount sufficient to allow the completion of the transaction by reason of which such payment or transfer of funds is to be made. In addition, in the event the Subcustodian is