Common use of Custodian Notification Clause in Contracts

Custodian Notification. The Custodian shall notify the Fund or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action from the relevant Subcustodian or Depository. Without actual receipt of such notice by the Custodian in its capacity as custodian the Custodian shall have no liability for failing to so notify the Fund absent negligence, fraud, bad faith, recklessness or willful misconduct of the Custodian.

Custodian Notification. The Custodian shall notify the Fund or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action action, including, in the case of Securities held by a Subcustodian or Depositary, from the relevant Subcustodian or Depository. Without actual receipt of such notice by the Custodian in its capacity as custodian the Custodian shall have no liability for failing to so notify the Fund absent negligence, fraud, bad faith, recklessness or willful misconduct of the Custodian.

Custodian Notification. The Custodian shall notify the Fund Client or its designee of rights or discretionary corporate actions as promptly as practicable under the circumstances, provided that the Custodian in its capacity as custodian has actually received notice of such right or discretionary corporate action action, including, in the case of Securities held by a Subcustodian or Depository, from the relevant Subcustodian or Depository. Without actual receipt of such notice by the Custodian in its capacity as custodian custodian, the Custodian shall have no liability for failing to so notify the Fund Client, absent negligence, fraud, bad faith, recklessness or willful misconduct of the Custodian.