BNY AS A FOREIGN CUSTODY MANAGER Sample Clauses

BNY AS A FOREIGN CUSTODY MANAGER. 1. The Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities.
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BNY AS A FOREIGN CUSTODY MANAGER. 1. The Trust on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities to be performed for each Fund of the Trust.
BNY AS A FOREIGN CUSTODY MANAGER. 1. The Board has determined that it is reasonable to rely on BNY to perform the delegated responsibilities and the Board, on behalf of the Funds, hereby delegates to BNY with respect to each Specified Country the Responsibilities.
BNY AS A FOREIGN CUSTODY MANAGER. 1. With respect to the Foreign Assets of the Fund held in the IM Seg Account the Fund on behalf of its Board hereby delegates to BNY with respect to each Specified Country the Responsibilities.

Related to BNY AS A FOREIGN CUSTODY MANAGER

  • The Custodian as Foreign Custody Manager Each Fund, by resolution adopted by its Board of Trustees, hereby delegates to the Custodian, subject to Rule 17f-5(b), the responsibilities set forth in this Section 2.3 with respect to Foreign Securities of the Funds held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager with respect to the Funds. The services and duties of the Custodian shall be confined to those matters expressly set forth herein, and no implied duties are assumed by or may be asserted against the Custodian hereunder.

  • EXERCISE OF CARE AS FOREIGN CUSTODY MANAGER The Foreign Custody Manager shall exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Foreign Assets would exercise in performing the delegated responsibilities.

  • STANDARD OF CARE AS FOREIGN CUSTODY MANAGER OF A PORTFOLIO In performing the responsibilities delegated to it, the Foreign Custody Manager agrees to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of assets of management investment companies registered under the 1940 Act would exercise.

  • DELEGATION TO THE CUSTODIAN AS FOREIGN CUSTODY MANAGER Each Fund, by resolution adopted by its Board, hereby delegates to the Custodian, subject to Section (b) of Rule 17f-5, the responsibilities set forth in this Section 3.2 with respect to Foreign Assets of the Portfolios held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager with respect to the Portfolios.

  • Transactions in Foreign Custody Account (a) Except as otherwise provided in paragraph (b) of this Section 3.8, the provision of Sections 2.2 and 2.7 of this Contract shall apply, mutatis mutandis to the foreign securities of the Fund held outside the United States by foreign sub-custodians.

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