Common use of Types of Cash Accounts Clause in Contracts

Types of Cash Accounts. Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the Fund. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund or the Custodian or in the name of the Custodian for its customers generally (Agency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. The appointment or use of such accounts shall not relieve the Custodian of its obligations under this Agreement, and specifically the Custodian shall be responsible for using reasonable care in the administration of such accounts, including without limitation in the selection and monitoring of such Subcustodians. Provided that the Custodian has complied with these obligations, the Custodian shall not be liable for the repayment of balances in Agency Accounts in the event such Subcustodian fails to make repayment by reason of bankruptcy, insolvency or similar cause.

Types of Cash Accounts. Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the Fund, on behalf of the applicable Portfolios. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund Fund, on behalf of the Portfolios, or in the name of the Custodian for the Fund or in the name of the Custodian for its customers generally generally, but reflected in the records of the Custodian as being held on deposit by the Subcustodian for the Fund or a Portfolio (Agency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the FundFund and the applicable Portfolios. The appointment or use of such accounts shall not relieve the Custodian of its obligations under this AgreementAccordingly, and specifically the Custodian shall be responsible for using exercising reasonable care in the administration of such accounts, including without limitation in the selection and monitoring of such Subcustodians. Provided that the Custodian has complied with these obligations, the Custodian but shall not be liable for the their repayment of balances in Agency Accounts in the event such Subcustodian fails to make repayment the Subcustodian, by reason of its bankruptcy, insolvency or similar causeotherwise, fails to make repayment. Nothing in this Section 7.1 shall relieve the Custodian of any responsibility it would otherwise have for selecting and monitoring Subcustodians.

Types of Cash Accounts. Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the FundFund on behalf of a Portfolio. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund on behalf of a Portfolio or in the name of the Custodian for the Fund on behalf of a Portfolio or in the name of the Custodian for its customers generally (Agency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the FundFund and the applicable Portfolio. The appointment or use of such accounts shall not relieve the Custodian of its obligations under this AgreementAccordingly, and specifically the Custodian shall be responsible for using exercising reasonable care in the administration of such accounts, including and, without limitation derogation of the Custodian’s obligation to use reasonable care in the its selection and monitoring of such Subcustodians. Provided that the Custodian has complied with these obligationsSubcustodians hereunder, the Custodian shall not be liable for the their repayment of balances in Agency Accounts in the event such Subcustodian fails to make repayment the Subcustodian, by reason of its bankruptcy, insolvency or similar causeotherwise, fails to make repayment.

Types of Cash Accounts. Cash accounts opened on the books of the Custodian (“Principal Accounts”) shall be opened in the name of the Fund, on behalf of each Portfolio. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund Fund, on behalf of each Portfolio, or in the name of the Custodian for the Fund, on behalf of each Portfolio, or in the name of the Custodian for its customers generally (“Agency Accounts"”). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. The appointment or use , on behalf of such accounts shall not relieve the Custodian of its obligations under this AgreementPortfolio. Accordingly, and specifically the Custodian shall be responsible for using exercising reasonable care in the administration of such accounts, including and, without limitation derogation of the Custodian’s obligation to use reasonable care in the its selection and monitoring of such Subcustodians. Provided that the Custodian has complied with these obligationsSubcustodians hereunder, the Custodian shall not be liable for the their repayment of balances in Agency Accounts in the event such Subcustodian fails to make repayment the Subcustodian, by reason of its bankruptcy, insolvency or similar causeotherwise, fails to make repayment.