Common use of REGISTRATION OF FOREIGN SECURITIES Clause in Contracts

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 59 contracts

Samples: Master Custodian Agreement (DWS Communications Fund, Inc.), Master Custodian Agreement (DWS Municipal Trust), Master Custodian Agreement (Tax-Exempt California Money Market Fund)

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REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio series or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities, except to the extent that the Fund incurs loss or damage due to failure of such nominee to meet its standard of care set forth in the Contract. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio Fund under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 32 contracts

Samples: Custodian Contract/Agreement (Prudential Tax Free Money Fund Inc), Custodian Contract/Agreement (Prudential Real Estate Securities Fund), Custodian Contract/Agreement (Prudential California Municipal Fund)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities, in the absence of the nominee's negligence and willful misconduct. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 17 contracts

Samples: Master Custodian Contract (Phoenix Oakhurst Strategic Allocation Fund), Master Custodian Contract (Phoenix Seneca Funds), Master Custodian Contract (Phoenix Multi Portfolio Fund)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities, unless the liability results from the negligence of the nominee. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 9 contracts

Samples: Custodian Contract (State Street Research Exchange Trust), Custodian Contract (State Street Research Equity Trust), Custodian Contract (State Street Research Capital Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian SubCustodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 9 contracts

Samples: Master Custodian Agreement (Scudder Target Fund), Master Custodian Agreement (Scudder High Income Series), Master Custodian Agreement (Tax Exempt California Money Market Fund)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio Fund or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a such nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio the Fund under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 9 contracts

Samples: Custodian Agreement (H&q Healthcare Investors), Custodian Agreement (H&q Life Sciences Investors), Custodian Agreement (Western Asset Premier Bond Fund)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 8 contracts

Samples: Custodian Contract (Investment Trust), Custodian Contract (Scudder Equity Trust/Il), Custodian Contract (Scudder Target Equity Fund)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian SubCustodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability that results from such nominee's status as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian SubCustodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 7 contracts

Samples: Master Custodian Agreement (Loomis Sayles Funds I), Master Custodian Agreement (IXIS Advisor Funds Trust III), Master Custodian Agreement (Loomis Sayles Funds Ii)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities (including cash equivalents as may be appropriate) maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice. The Custodian agrees to timely notify the Fund of open physical re-registration of foreign securities.

Appears in 7 contracts

Samples: Custodian Contract (Goldman Sachs MLP & Energy Renaissance Fund), Custodian Contract (Goldman Sachs MLP Income Opportunities Fund), Custodian Contract (Goldman Sachs Variable Insurance Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Sub- Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 6 contracts

Samples: Custodian Contract (Value Equity Trust), Custodian Contract (Scudder High Yield Series), Custodian Contract (Scudder Value Series Inc)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability that results solely from such nominee’s status as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 5 contracts

Samples: Custody Agreement, Master Custodian Agreement (Blackstone Real Estate Income Fund II), Master Custodian Agreement (Blackstone Real Estate Income Fund)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that foregoing (but only if the use of a nominee does not act negligently, the applicable is a customary market practice). The Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable customary market practice.

Appears in 3 contracts

Samples: Custodian Contract (Ubs Funds), Custodian Contract (Sma Relationship Trust), Custodian Contract (Ubs Relationship Funds)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian SubCustodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability that results from such nominee’s status as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian SubCustodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 3 contracts

Samples: Master Custodian Agreement (Natixis ETF Trust II), Master Custodian Agreement (Natixis ETF Trust), Master Custodian Agreement (Gateway Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio Fund or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a such nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio the Fund under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 2 contracts

Samples: Custodian Agreement (Tekla World Healthcare Fund), Form of Custodian Agreement (Tekla Healthcare Opportunities Fund)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered by the Custodian or the Foreign Sub-Custodian in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 2 contracts

Samples: Master Custodian Agreement (RS Variable Products Trust), Master Custodian Agreement (Rs Investment Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities Foreign Securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or Client, in the name of any nominee of the Client, in the name of any nominee of the Custodian, in the name of any nominee of a Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, the applicable Fund on behalf of such Portfolio Securities System. The Client agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securitiesForeign Securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio the Client under the terms of this the Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 2 contracts

Samples: Custody Agreement (Lincoln National Equity Income Fund Inc), Custody Agreement (Lincoln Variable Insurance Products Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a any such nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 2 contracts

Samples: Master Custodian Contract (Munder Funds Inc), Master Custodian Contract (Munder Series Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the Fund (on behalf of the applicable Portfolio Portfolio) or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoingforegoing for the benefit of the Fund, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio the Fund (on behalf of the applicable Portfolio) under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 2 contracts

Samples: Custodian Contract (Harbor Funds), Custodian Contract (Harbor Fund)

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REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio Fund or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, foregoing and, provided that a nominee does not act negligently, the applicable Fund Trust on behalf of such Portfolio Fund agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio Fund under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Custodian Agreement (Fresco Index Shares Funds)

REGISTRATION OF FOREIGN SECURITIES. The A Portfolio's foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable such Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Custodian Agreement (Barr Rosenberg Series Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securitiessecurities in the absence of the nominee’s negligence and willful misconduct. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Master Custodian Agreement (Phoenix Edge Series Fund)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian Exhibit (g)(1) or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio P01tfolio agrees to hold any such nominee harmless hannless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Agreement (Highland Floating Rate Opportunities Fund Ii)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in ---------------------------------- the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities, unless the liability results from the negligence of the nominee. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Custodian Contract (Metropolitan Series Fund Inc)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities Foreign Securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or Client, in the name of any nominee of the Client, in the name of any nominee of the Custodian, in the name of any nominee of a Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, the applicable Fund on behalf of such Portfolio Securities System. Each Client agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securitiesForeign Securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio the Client under the terms of this the Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Custody Agreement (Lincoln National Aggressive Growth Fund Inc)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in ---------------------------------- the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a any such nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Custodian Contract (St Clair Funds Inc)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability that results from such nominee’s status as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Master Custodian Agreement (Gateway Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian SubCustodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligently, and the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability that results from such nominee's status as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian SubCustodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.. Exhibit (g)(1) - Custodian Agreement

Appears in 1 contract

Samples: Master Custodian Agreement (IXIS Advisor Cash Management Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a nominee does not act negligentlyabsent such nominee's negligence or willful misconduct, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: Custodian Contract (Gmo Trust)

REGISTRATION OF FOREIGN SECURITIES. The foreign securities maintained in ---------------------------------- the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the applicable Portfolio or in the name of the Custodian or in the name of any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and, provided that a any such nominee does not act negligently, the applicable Fund on behalf of such Portfolio agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not be obligated to accept securities on behalf of a Portfolio under the terms of this Agreement Contract unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice.

Appears in 1 contract

Samples: St Clair Funds Inc

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