Appointment as Foreign Custody Manager. Customer hereby appoints Bank as its Foreign Custody Manager for each Portfolio in accordance with Rule 17f-5. Bank hereby accepts such appointment. Customer and Bank shall act in conformity with such rule (including any amendments thereto or successor provisions) for as long as Bank acts as Customer’s Foreign Custody Manager. Bank’s appointment as Foreign Custody Manager for a Portfolio (or for a particular country or other political or geographical jurisdiction) may be terminated at any time by Customer or Bank, regardless of whether Bank serves as custodian for such Portfolio hereunder. Any such termination as to one or more Portfolios (or jurisdictions) shall be effected in a manner consistent with the provisions for notice and termination set forth elsewhere in this Agreement. Bank shall not be obligated to serve in this capacity for a Portfolio if Bank no longer acts as Customer’s custodian for such Portfolio. As of the date hereof, Rule 17f-5 provides that Customer may from time to time place or maintain in the care of an Eligible Foreign Custodian any of Customer’s Foreign Assets, provided that:
Appointment as Foreign Custody Manager. The Fund hereby appoints Wachovia as a Foreign Custody Manager to perform the responsibilities set forth in Paragraph 8 with respect to Foreign Assets, and Wachovia hereby accepts such appointment as a Foreign Custody Manager of the Fund.
Appointment as Foreign Custody Manager. The Fund hereby delegates to the Custodian, subject to Rule 17f-5(b), the responsibilities with respect to the Fund’s and any Subsidiary’s Foreign Assets that are delivered to the Custodian at any time during the period of this Agreement, and the Custodian hereby accepts such delegation as foreign custody manager with respect to the Fund and the Subsidiaries, except with respect to such country or countries in which the Custodian shall advise the Fund that it does not accept such delegation.
Appointment as Foreign Custody Manager. Customer hereby appoints Bank as its Foreign Custody Manager for each Portfolio in accordance with Rule 17f-5. Bank hereby accepts such appointment. Customer and Bank shall act in conformity with such rule (including any amendments thereto or successor provisions) for as long as Bank acts as Customer's Foreign Custody Manager. Bank's appointment as Foreign Custody Manager for a Portfolio (or for a particular country or other political or geographical jurisdiction) may be terminated at any time by Customer or Bank, regardless of whether Bank serves as custodian for such Portfolio hereunder. Any such termination as to one or more Portfolios (or jurisdictions) shall be effected in a manner consistent with the provisions for notice and termination set forth elsewhere in this Agreement. Bank shall not be obligated to serve in this capacity for a Portfolio if Bank no longer acts as Customer's custodian for such Portfolio. As of the date hereof, Rule 17f-5 provides that Customer may from time to time place or maintain in the care of an Eligible Foreign Custodian any of Customer's Foreign Assets, PROVIDED THAT: (a) Customer's Foreign Custody Manager determines that Customer's assets will be subject to reasonable care, based on the standards applicable to custodians in the relevant market, if maintained with the Eligible Foreign Custodian, after considering all factors relevant to the safekeeping of such assets, including, without limitation: (i) The Eligible Foreign Custodian's practices, procedures, and internal controls, including, but not limited to, the physical protections available for Certificated Securities (if applicable), the method of keeping custodial records, and the security and data protection practices; (ii) Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for Foreign Assets; (iii) The Eligible Foreign Custodian's general reputation and standing; and (iv) Whether Customer will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of the custodian in the United States or the custodian's consent to service of process in the United States. (b) The arrangement with the Eligible Foreign Custodian is governed by a written contract that Customer's Foreign Custody Manager, has determined will provide reasonable care for Customer's assets based on the standards set forth in paragraph (a) above. (i) Such contract m...
Appointment as Foreign Custody Manager. Customer hereby appoints Wachovia as a Foreign Custody Manager to perform the responsibilities set forth in Paragraph 8 of this Agreement with respect to Foreign Assets, and Wachovia hereby accepts such appointment as Customer's Foreign Custody Manager.
Appointment as Foreign Custody Manager. The Fund hereby appoints the Custodian as its Foreign Custody Manager for each Portfolio in accordance with Rule 17f-5. The Custodian hereby accepts such appointment. The Custodian and the Fund agree to act in conformity with Rule 17f-5 for so long as the Custodian acts as the Fund's Foreign Custody Manager. The Custodian's appointment as Foreign Custody Manager for a Portfolio (or for a particular country or other political or geographical jurisdiction) may be terminated at any time by the Fund or the Custodian, regardless of whether the Custodian serves as custodian for such Portfolio hereunder. Any such termination as to one or more Portfolios (or jurisdictions) shall be effected in a manner consistent with the provisions for notice and termination set forth elsewhere in this Agreement. The Custodian shall not be obligated to serve in this capacity for a Portfolio if the Custodian no longer acts as the Fund's custodian for such Portfolio.
Appointment as Foreign Custody Manager. The Fund hereby appoints First Union as a Foreign Custody Manager to perform the responsibilities set forth in Paragraph 8 with respect to Foreign Assets, and First Union hereby accepts such appointment as a Foreign Custody Manager of the Fund.
Appointment as Foreign Custody Manager. The Fund hereby delegates to the Custodian, subject to Rule 17f-5(b), the responsibilities with respect to the Fund’s and any Subsidiary’s Foreign Assets that are delivered to the Custodian at any time during the period of this Agreement, and the Custodian hereby accepts such delegation as foreign custody manager with respect to the Fund and the Subsidiaries, except with respect to such country or countries in which the Custodian shall advise the Fund that it does not accept such delegation. (a) In performing its delegated responsibilities as foreign custody manager to place or maintain the Fund’s and the Subsidiaries’ Foreign Assets with a Sub-custodian, the Custodian will determine that the Fund’s and the Subsidiaries’ Foreign Assets will be subject to reasonable care, based on the standards applicable to custodians in the relevant market in which the Fund’s and Subsidiaries’ Foreign Assets will be held by that Sub-custodian, after considering all factors relevant to safekeeping of such Foreign Assets, including, without limitation the factors specified in Rule 17f- 5(c)(1) under the 1940 Act. The Custodian shall establish a system to monitor on a continuing basis (i) the appropriateness of maintaining the Fund’s and Subsidiaries’ Foreign Assets with a Sub-custodian; and (ii) the performance of the contract governing the arrangements
Appointment as Foreign Custody Manager. The Trust hereby appoints BBH&Co. as a Foreign Custody Manager to perform the responsibilities set forth or in accordance with the 17f-5 Delegation Schedule attached hereto as Exhibit A and BBH&Co. hereby accepts such appointment as Foreign Custody Manager of the Trust.
Appointment as Foreign Custody Manager. The Trust hereby appoints the Custodian as its Foreign Custody Manager for each Fund in accordance with Rule 17f-5. The Custodian hereby accepts such appointment. The Trust and the Custodian shall act in conformity with Rule 17f-5 (including any amendments thereto or successor provisions thereof) for so long as the Custodian acts as the Trust's Foreign Custody Manager.
