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 10. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund, in the name of the Custodian or in the name of the Custodian for its customers generally, but reflected on the books of the Custodian as being held for the Fund (AGENCY ACCOUNTS). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment. Nothing in this section shall relieve the Custodian from responsibility for selection and monitoring of Foreign or Domestic Subcustodians with due care as required by the terms of this Agreement.

Types of Cash Accounts. Cash accounts opened on the books of the Custodian (PRINCIPAL ACCOUNTS) shall be opened in the name of the a 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 109. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund, in the name of the Custodian a Fund or in the name of the Custodian for its customers generally, but reflected on the books of the Custodian as being held for the Fund generally (AGENCY ACCOUNTS). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the a Fund. Accordingly, the responsibility of the Custodian therefore shall be responsible for exercising reasonable care the same as and no greater than the Custodian's responsibility in respect of other Investments of the administration of such accounts but Fund. Notwithstanding the foregoing sentence, the Custodian shall not be liable for their the repayment of such accounts in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment. Nothing in this section shall relieve repayment to the Custodian from responsibility for selection and monitoring of Foreign or Domestic Subcustodians with due care as required by the terms of this AgreementFund.

Types of Cash Accounts. Cash accounts opened on the books of the Custodian (PRINCIPAL ACCOUNTSPrincipal 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 109. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund, in the name of Fund or the Custodian or in the name of the Custodian for its customers generally, but reflected on the books of the Custodian as being held for the Fund generally (AGENCY ACCOUNTSAgency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment. Nothing in this section shall relieve , unless the Fund experiences a loss due to such bankruptcy or insolvency and the Custodian from responsibility for selection and monitoring negligently failed to take appropriate action in light of Foreign facts it knew or Domestic Subcustodians with due in the exercise of reasonable care as required by should have known regarding the terms of this AgreementSubcustodian's bankruptcy or insolvency.

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 109. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund, in the name of Fund or the Custodian or in the name of the Custodian for its customers generally, but reflected on the books of the Custodian as being held for the Fund generally (AGENCY ACCOUNTS). Such To the extent cash accounts are opened with Subcustodians outside of the United States, such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts accounts, but shall not be liable for their repayment in the event such the Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment. Nothing in this section shall relieve the Custodian from responsibility for selection and monitoring of Foreign or Domestic Subcustodians with due care as required by the terms of this Agreement.

Types of Cash Accounts. Cash accounts opened on the books of the Custodian (PRINCIPAL ACCOUNTS) shall be opened in the name of the Trust (or a 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 10. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Trust (or a Fund), in the name of the Custodian or in the name of the Custodian for its customers generally, but reflected on the books of the Custodian as being held for the Fund Trust (or a Fund) (AGENCY ACCOUNTS). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Trust (or a Fund). Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment. Nothing in this section shall relieve the Custodian from responsibility for selection and monitoring of Foreign or Domestic Subcustodians with due care as required by the terms of this Agreement.

Types of Cash Accounts. Cash accounts opened on the books of the Custodian (PRINCIPAL ACCOUNTSPrincipal 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 109. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund, in the name of Fund or the Custodian or in the name of the Custodian for its customers generally, but reflected on the books of the Custodian as being held for the Fund generally (AGENCY ACCOUNTSAgency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment. Nothing in this section shall relieve , unless the Fund experiences a loss due to such bankruptcy or insolvency and the Custodian from responsibility for selection and monitoring negligently failed to take appropriate action in light of Foreign facts it knew or Domestic Subcustodians with due in the exercise of reasonable care as required by should have known regarding the terms of this AgreementSuscustodian's bankruptcy or insolvency.