The Sub. Custodian shall have established a system to monitor at reasonable intervals (but at least annually) the appropriateness of maintaining the Fund's assets with each Eligible Foreign Custodian selected hereunder. The Sub-Custodian shall monitor the continuing appropriateness of placement of the Fund's assets in accordance with the criteria set forth above. The Sub-Custodian shall monitor the continuing performance of the contract governing the Fund's arrangements in accordance with the criteria set forth above.
Appears in 26 contracts
Samples: Custodian Agreement (Putnam High Income Bond Fund), Custodian Agreement (Putnam Otc Emerging Growth Fund), Custodian Agreement (Putnam Diversified Income Trust)
