Common use of COUNTRIES COVERED Clause in Contracts

COUNTRIES COVERED. (a) State Street will be responsible for performing the delegated responsibilities only with respect to the countries and custody arrangements for each such country listed on Schedule 2-E to this Service Module, which list of countries may be amended from time to time by mutual agreement. State Street will provide to the BTC Recipients a list of the Eligible Foreign Custodians selected by State Street as Foreign Custody Manager to maintain the assets of the Portfolios, from time to time. Custodial Services Service Module 6 BTC | State Street CONFIDENTIAL (b) Execution of this Service Module by a BTC Recipient will be deemed to be a Proper Instruction from such BTC Recipient to open or maintain an account, or to place or maintain Foreign Assets, in each country listed on Schedule 2-E in which the Foreign Custody Manager has previously placed or currently maintains Foreign Assets for such BTC Recipient pursuant to the terms of this Service Module.