SUBCUSTODIANS AND DEPOSITORIES Sample Clauses

SUBCUSTODIANS AND DEPOSITORIES. Custodian may act under this Rider through the subcustodians listed in Schedule B hereto with which Chase entered into subcustodial agreements ("Subcustodians"). At Company's request, Custodian may, but need not, add to Schedule B an Eligible Foreign Custodian (hereinafter defined) that is either a bank or a non-Compulsory Depository where Custodian has not acted as Foreign Country Manager (hereinafter defined) with respect to the selection thereof. Custodian shall notify Company in writing in the event that Custodian agrees to add any such entity. Company authorizes Custodian to hold Financial Assets recorded to the Custody Account in accounts which Custodian has established with one or more of its branches or Subcustodians. Custodian and Subcustodians are authorized to hold any of the Financial Assets in their accounts with any securities depository in which Custodian or Subcustodians participate, subject in the case of a Compulsory Depository to the provisions set forth in section 9(e) hereof. Custodian may add new, replace or remove Subcustodians. Company shall be given reasonable notice by Custodian of any amendment to Schedule B. Upon Company's request, Custodian shall identify the name, address and principal place of business of any Subcustodian of Company's Financial Assets and the name and address of the governmental agency or other regulatory authority that supervises or regulates such Subcustodian. To be a Subcustodian of Financial Assets maintained outside the United States the Subcustodian chosen must be either a branch of a U.S. Bank or an Eligible Foreign Custodian, which are further defined as follows:
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SUBCUSTODIANS AND DEPOSITORIES. You may act under this Rider through the subcustodians listed in Schedule A hereto with which you have entered into subcustodial agreements ("Subcustodians"). We authorize you to hold securities recorded to the Custody Account in accounts which you have established with one or more of your branches or Subcustodians. You and Subcustodians are authorized to hold any of the securities in your accounts with any Depository in which you or they participate. You may add new, replace or remove Subcustodians. We shall be given reasonable notice by you of any amendment to Schedule A. Upon our request, you shall identify the name, address and principal place of business of any Subcustodian of our securities and the name and address of the governmental agency or other regulatory authority that supervises or regulates such Subcustodian. With respect to securities maintained outside the United States the terms Subcustodian and securities depositories as used herein shall mean a branch of a qualified U.S. bank, an eligible foreign custodian or an eligible foreign securities depository, which are further defined as follows:
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SUBCUSTODIANS AND DEPOSITORIES. You may act under this Rider through the subcustodians listed in Schedule A hereto with which you have entered into subcustodial agreements ("Subcustodians"). We authorize you to hold securities recorded to the Custody Account in accounts which you have established with one or more of your branches or Subcustodians. You and Subcustodians are authorized to hold any of the securities in your accounts with any Depository in which you or they participate. You may add new, replace or remove Subcustodians. We shall be given reasonable notice by you of any amendment to Schedule A. Upon our request, you shall identify the name, address and principal place of business of any Subcustodian of our securities and the name and address of the governmental agency or other regulatory authority that supervises or regulates such Subcustodian. With respect to securities maintained outside the United States, the terms Subcustodian and securities depositories as used herein shall mean a branch of a qualified U.S. bank, an eligible foreign custodian or an eligible foreign securities depository as those terms are defined in Rule 17f-5 under the 1940 Act. We represent that our Board of Directors has approved each of the Subcustodians listed in Schedule A hereto and that our Board has determined that the use of each Subcustodian is consistent with the best interests of the Trust, the relevant Portfolios and their shareholders (to the extent such approvals are required under the 1940 Act). You shall supply us with any proposed amendment to Schedule A, but you shall not place Trust assets with proposed Subcustodians until you have received from us evidence of a certified resolution representing Board approval of such amendment, as required. We have supplied or shall supply you with certified copies of our Board of Trustees resolutions with respect to the foregoing prior to your placing securities with any Subcustodian so approved.
Sample 1
SUBCUSTODIANS AND DEPOSITORIES. CMB may act under this Rider through its global network of subcustodians listed in Schedule A hereto with which CMB has entered into subcustodial agreements ("Subcustodians"). We authorize CMB to hold securities recorded to the Custody Account in accounts which CMB has established with one or more of its branches or Subcustodians. CMB and Subcustodians are authorized to hold any of the securities in its accounts with any Depository in which CMB or they participate. CMB may add new, replace or remove Subcustodians. We shall be given at least 30 days notice by CMB of any amendment to Schedule A. Upon our request, CMB shall identify the name, address and principal place of business of any Subcustodian of our securities and the name and address of the governmental agency or other regulatory authority that supervises or regulates such Subcustodian.
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Related to SUBCUSTODIANS AND DEPOSITORIES

  • Subcustodians and Securities Depositories Add the following language to the end of Section 3: The terms Subcustodian and securities depositories as used in this Agreement shall mean a branch of a qualified U.S. bank, an eligible foreign custodian or an eligible foreign securities depository, which are further defined as follows:

  • Foreign Subcustodians and Securities Depositories Unless instructed otherwise by the Fund, the Custodian may deposit and/or maintain non-U.S. Investments of the Fund in any non-U.S. Securities Depository provided such Securities Depository meets the requirements of an "eligible securities depository" under Rule 17f-7 promulgated under the 1940 Act, or any successor rule or regulation ("Rule 17f-7") or which by order of the Securities and Exchange Commission is exempted therefrom. Prior to the time that securities are placed with such depository, but subject to the provisions of Section 8.2.4 below, the Custodian shall have prepared an assessment of the custody risks associated with maintaining assets with the Securities Depository and shall have established a system to monitor such risks on a continuing basis in accordance with Subsection 8.2.3 of this Section and Rule 17f-7. Additionally, the Custodian may, at any time and from time to time, appoint (a) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under Rule 17f-5 or which by order of the Securities and Exchange Commission is exempted therefrom, or (b) any bank as defined in Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under Section 17(f) of the 1940 Act and the rules and regulations thereunder, to act on behalf of the Fund as a Subcustodian for purposes of holding Investments of the Fund outside the United States. Such appointment of foreign Subcustodians shall be subject to approval of the Fund or the Foreign Custody Manager in accordance with Subsections 8.2.1 and 8.2.2 hereof, and use of non-U.S. Securities Depositories shall be subject to the terms of Subsections 8.2.3 and 8.2.4 hereof. An Instruction to open an account in a given country shall comprise authorization of the Custodian to hold assets in such country in accordance with the terms of this Agreement. The Custodian shall not be required to make independent inquiry as to the authorization of the Fund to invest in such country.

  • Domestic Subcustodians and Securities Depositories The Custodian may deposit and/or maintain, either directly or through one or more agents appointed by the Custodian, Investments of the Fund in any Securities Depository in the United States, including The Depository Trust Company, provided such Depository meets applicable requirements of the Federal Reserve Bank or of the Securities and Exchange Commission. The Custodian may, at any time and from time to time, appoint any bank as defined in Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under Section 17(f) of the 1940 Act and the rules and regulations thereunder, to act on behalf of the Fund as a Subcustodian for purposes of holding Investments of the Fund in the United States.

  • Depositories The Custodian shall have no liability whatsoever for the action or inaction of a Depository or a Foreign Depository or for any Losses resulting from the maintenance of assets with a Depository or a Foreign Depository. Notwithstanding the foregoing sentence, the Custodian shall be liable for repayment to the Fund of cash credited to the Fund’s, the Custodian’s or a Subcustodian’s account at a Depository or a Foreign Depository that the Custodian is not able to recover from the Depository or Foreign Depository (other than as a result of a Country Risk Event).

  • Foreign Subcustodians and Interim Subcustodians (a)(1) Delegation of Directors/Trustees Review of Subcustodians. From time to time, the Custodian may agree to perform certain reviews of Subcustodians and of Subcustodian Contracts as delegate of the Fund's Directors/Trustees. In such event, the Custodian's duties and obligations with respect to this delegated review will be performed in accordance with the terms of the attached 17f-5 Delegation Schedule to this Agreement.

  • Securities Systems, Interim Subcustodians, Special Subcustodians, Eligible Securities Depositories The Custodian shall not be liable to any Fund for any loss, damage or expense suffered or incurred by such Fund resulting from or occasioned by the actions or omissions of a Securities System, Interim Subcustodian, Special Subcustodian, or Eligible Securities Depository unless such loss, damage or expense is caused by, or results from, the negligence or willful misconduct of the Custodian.

  • Appointment of Subcustodians; Use of Securities Depositories (a) Bank is authorized under this Agreement to act through and hold Customer's Global Assets with subcustodians, being at the date of this Agreement the entities listed in Schedule 1 and/or such other entities as Bank may appoint as subcustodians ("Subcustodians"). At the request of Customer, Bank may, but need not, add to Schedule 1 an Eligible Foreign Custodian where Bank has not acted as Foreign Custody Manager with respect to the selection thereof. Bank shall notify Customer in the event that it elects to add any such entity. Bank shall use reasonable care, prudence and diligence in the selection and continued appointment of such Subcustodians. In addition, Bank and each Subcustodian may deposit Global Assets with, and hold Global Assets in, any securities depository, settlement system, dematerialized book entry system or similar system (together a "Securities Depository") on such terms as such systems customarily operate and Customer shall provide Bank with such documentation or acknowledgements that Bank may require to hold the Global Assets in such systems.

  • SUBCUSTODIANS From time to time, in accordance with the relevant provisions of this Agreement, (i) the Custodian may appoint one or more Domestic Subcustodians, Foreign Subcustodians, Special Subcustodians or Interim Subcustodians (each as hereinafter defined) to act on behalf of any one or more Funds; and (ii) the Custodian may be directed, pursuant to an agreement between a Fund and the Custodian (“Delegation Agreement”), to appoint a Domestic Subcustodian to perform the duties of the Foreign Custody Manager (as such term is defined in Rule 17f-5 under the 1940 Act) (“Approved Foreign Custody Manager”) for such Fund so long as such Domestic Subcustodian is so eligible under the 1940 Act. Such Delegation Agreement shall provide that the appointment of any Domestic Subcustodian as the Approved Foreign Custody Manager must be governed by a written agreement between the Custodian and the Domestic Subcustodian, which provides for compliance with Rule 17f-5. The Approved Foreign Custody Manager may then appoint a Foreign Subcustodian or Interim Subcustodian in accordance with this Section 5. For purposes of this Agreement, all Domestic Subcustodians, Special Subcustodians, Foreign Subcustodians and Interim Subcustodians shall be referred to collectively as “Subcustodians.”

  • Special Subcustodians Upon receipt of Special Instructions, the Custodian shall, on behalf of a Fund, appoint one or more banks, trust companies or other entities designated in such Special Instructions to act for the Custodian on behalf of such Fund as a subcustodian for purposes of: (i) effecting third-party repurchase transactions with banks, brokers, dealers or other entities through the use of a common custodian or subcustodian; (ii) providing depository and clearing agency services with respect to certain variable rate demand note Securities, (iii) providing depository and clearing agency services with respect to dollar denominated Securities, and (iv) effecting any other transactions designated by such Fund in such Special Instructions. Each such designated subcustodian (hereinafter referred to as a "Special Subcustodian") shall be listed on Appendix A attached hereto, as it may be amended from time to time. In connection with the appointment of any Special Subcustodian, the Custodian shall enter into a subcustodian agreement with the Special Subcustodian in form and substance approved by the appropriate Fund in Special Instructions. The Custodian shall not amend any subcustodian agreement entered into with a Special Subcustodian, or waive any rights under such agreement, except upon prior approval pursuant to Special Instructions.

  • Securities Depositories (a) Bank hereby represents to Customer that each securities depository listed on Schedule B is an Eligible Securities Depository. If Schedule B is amended, this representation shall be effective as to the amended Schedule on the date of such amendment. Bank shall promptly advise Customer if any securities depository listed on Schedule B ceases to be an Eligible Securities Depository.

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