United States Taxes. The Custodian shall have no responsibility or liability for any obligations now or hereafter imposed on the Portfolio or the Custodian as custodian of the Portfolio by the tax law of the United States of America or any state or political subdivision thereof, except to the extent such obligations have been imposed as a result of the Custodian's breach of this Agreement or as a result of its negligence or willful misconduct. The Custodian will be responsible for informing the Fund of the income received by the Portfolio which is United States source income and which is not United States source income and of such other tax characteristics of such income as the Fund may request from time to time. (b) Claiming for Exemption or Refund under the Tax Laws of Non-United States Jurisdictions. The sole responsibility of the Custodian with regard to the tax laws of non-United States jurisdictions shall be to identify the income of each Portfolio which has been subject to withholding and other tax assessments or other governmental charges by such jurisdictions and the amount thereof and as to the allocated amount of such income that is attributable to each Portfolio's Investors, to use reasonable efforts to assist the Portfolio or its Investors with respect to any claim for exemption or refund of such charges that can be made on behalf of the Portfolio or its Investors. 4.
Appears in 9 contracts
Samples: Custodian and Fund Accounting Agreement (Series Portfolio Ii), Custodian and Fund Accounting Agreement (Emerging Markets Equity Portfolio), Custodian and Fund Accounting Agreement (Jp Morgan Institutional Funds)
