Common use of Additional Custodians Clause in Contracts

Additional Custodians. The Commission may in its discretion employ one or more Custodians in addition to the Custodian referred to in Section 11.1. Such Additional Custodians shall be banks or trust companies organized under the Laws of the United States of America or the State of Wisconsin, and having an office in the State of Wisconsin. Any bank to be employed as an Additional Custodian must have capital and surplus aggregating at least twenty-five million dollars ($25,000,000) and any trust company to be employed as an Additional Custodian must have capital and surplus aggregating at least one million dollars ($1,000,000). Any such Additional Custodian shall perform such duties (including duties applicable only to designated Portfolios) as may be set forth in an agreement between the Commission and the Additional Custodian.