Common use of SUBCUSTODIANS Clause in Contracts

SUBCUSTODIANS. The Custodian may appoint BNY Western Trust Company as a Subcustodian to hold assets of the Funds in accordance with the provisions of this Agreement. In addition, upon receipt of Proper Instructions and a certified copy of a resolution of the Board or of the Executive Committee, and certified by the Secretary or an Assistant Secretary, of an Investment Company, the Custodian may from time to time appoint one or more other Subcustodians or Foreign Custodians to hold assets of the affected Funds in accordance with the provisions of this Agreement.

Appears in 29 contracts

Samples: Master Custody Agreement (Franklin ETF Trust), Master Custody Agreement (Franklin Value Investors Trust), Master Custody Agreement (Franklin Templeton International Trust)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.