Board Approval of Foreign Subcustodians. An Instruction to open an account in a given country shall comprise authorization of the Custodian to hold assets in such country in accordance with the terms of this Agreement and the attached 17f-5 Delegation Schedule to this Agreement. The Custodian shall not be required to make independent inquiry as to the authorization of the Fund to invest in such country.
Appears in 3 contracts
Sources: Custodian Agreement (Alger ETF Trust), Custodian Agreement (Alger Institutional Funds), Custodian Agreement (Alger China-Us Growth Fund)