Common use of Best Customer Clause in Contracts

Best Customer. If at any time Wachovia is or becomes a party to an agreement to serve as Foreign Custody Manager to an investment company that provides for either: (i) a standard of care with respect to the selection of Eligible Foreign Custodians in any jurisdiction higher than that set forth in Paragraph 8.b., or (ii) a standard of care with respect to exercise of Wachovia’s duties other than that set forth in Paragraph 8.h., Wachovia agrees to notify the Fund of this fact and to raise the applicable standard of care hereunder to the standard specified in such other agreement.

Appears in 7 contracts

Sources: Mutual Fund Custody Agreement (Sei Tax Exempt Trust), Mutual Fund Custody Agreement (Sei Institutional Investments Trust), Mutual Fund Custody Agreement (Sei Daily Income Trust /Ma/)

Best Customer. If at any time Wachovia is or becomes a party to an agreement to serve as Foreign Custody Manager to an investment company that provides for either: (i) a standard of care with respect to the selection of Eligible Foreign Custodians in any jurisdiction higher than that set forth in Paragraph 8.b8.a., or (ii) a standard of care with respect to exercise of Wachovia’s 's duties other than that set forth in Paragraph 8.h8.b., Wachovia agrees to notify the Fund of this fact and to raise the applicable standard of care hereunder to the standard specified in such other agreement.

Appears in 7 contracts

Sources: Fund Custody Agreement (Tortoise North American Energy Corp), Mutual Fund Custody Agreement (Tilson Investment Trust), Mutual Fund Custody Agreement (1838 Bond Debenture Trading Fund)

Best Customer. If at any time Wachovia is or becomes a party to an agreement to serve as Foreign Custody Manager to an investment company that provides for either: (i) a standard of care with respect to the selection of Eligible Foreign Custodians in any jurisdiction higher than that set forth in subparagraph b. of this Paragraph 8.b8., or (ii) a standard of care with respect to exercise of Wachovia’s 's duties other than that set forth in subparagraph h. of this Paragraph 8.h8., Wachovia agrees to notify the Fund Customer of this fact and to raise the applicable standard of care hereunder to the standard specified in such other agreement.

Appears in 6 contracts

Sources: Mutual Fund Custody Agreement (Vanguard Star Funds), Mutual Fund Custody Agreement (Vanguard Institutional Index Fund), Mutual Fund Custody Agreement (Vanguard Specialized Funds)

Best Customer. If at any time Wachovia is or becomes a party to an agreement to serve as Foreign Custody Manager to an investment company that provides for either: (i) a standard of care with respect to the selection of Eligible Foreign Custodians in any jurisdiction higher than that set forth in Paragraph 8.b., or (ii) a standard of care with respect to exercise of Wachovia’s 's duties other than that set forth in Paragraph 8.h., Wachovia agrees to notify the Fund of this fact and to raise the applicable standard of care hereunder to the standard specified in such other agreement.

Appears in 2 contracts

Sources: Mutual Fund Custody Agreement (Sei Institutional Investments Trust), Mutual Fund Custody Agreement (Advisors Inner Circle Fund II)

Best Customer. If at any time Wachovia is or becomes a party to an agreement to serve as Foreign Custody Manager to an investment company that provides for either: (i) a standard of care with respect to the selection of Eligible Foreign Custodians in any jurisdiction higher than that set forth in Paragraph 8.b8.a., or (ii) a standard of care with respect to exercise of Wachovia’s duties other than that set forth in Paragraph 8.h8.b., Wachovia agrees to notify the Fund of this fact and to raise the applicable standard of care hereunder to the standard specified in such other agreement.

Appears in 1 contract

Sources: Mutual Fund Custody Agreement (Old Mutual Advisor Funds)