Common use of Assets to be Held Clause in Contracts

Assets to be Held. The Custodian shall limit the securities and other assets maintained in the custody of the foreign sub-custodians to those permitted by Rule 17f-5(c) under the 1940 Act; provided that the Custodian shall not be responsible for determining whether the amount of cash held in the custody of a foreign sub-custodian in a particular jurisdiction exceeds what would be reasonably necessary to effect the Portfolio's transactions in such jurisdiction. The Custodian shall identify on its books as belonging to the Portfolio, the foreign securities of the Portfolio held by each foreign sub-custodian. 3.3

Assets to be Held. The Custodian shall limit the securities and other assets maintained in the custody of the foreign sub-custodians to those permitted by Rule 17f-5(c) under the 1940 Act; provided that the Custodian shall not be responsible for determining whether the amount of cash held in the custody of a foreign sub-custodian in a particular jurisdiction exceeds what would be reasonably necessary to effect the Portfolio's transactions in such jurisdiction. The Custodian shall identify on its books as belonging to the Portfolio, the foreign securities of the Portfolio held by each foreign sub-custodian. 3.3.