Delegation of Board Review of Subcustodians Sample Clauses
The 'Delegation of Board Review of Subcustodians' clause allows a board, typically of a fund or investment entity, to delegate its responsibility for reviewing and approving subcustodians to a designated committee or individual. In practice, this means that instead of the full board conducting periodic assessments of the entities holding client assets, a smaller group or specific officer can be tasked with this oversight, streamlining the process. This clause is designed to improve efficiency and ensure that the review of subcustodians is handled by those with the appropriate expertise, while still maintaining accountability and compliance with regulatory requirements.
Delegation of Board Review of Subcustodians. From time to time, the Custodian may agree to perform certain reviews of Subcustodians and of Subcustodian Contracts as delegate of the Fund's Board. In such event, the Custodian's duties and obligations with respect to this delegated review will be performed in accordance with the terms of the attached 17f-5 Delegation Schedule to this Agreement.
Delegation of Board Review of Subcustodians. From time to time, the Custodian may agree to perform certain reviews of Subcustodians and of Subcustodian Contracts as delegate of the Trust’s Board. In such event, the Custodian’s duties and obligations with respect to this delegated review will be performed in accordance with the terms of the attached Delegation Schedule to this Agreement.
Delegation of Board Review of Subcustodians. From time to time, the Custodian may offer to perform, and the Fund may accept that the Custodian perform, certain reviews of Subcustodians and of Subcustodian Contracts as delegate of the Fund's Board. In such event, the Custodian's duties and obligations with respect to this delegated review will be performed in accordance with the terms of [SCHEDULE *** of this Agreement/the separate delegation agreement between the Fund and the Custodian].
Delegation of Board Review of Subcustodians. The Custodian's duties and obligations with respect to the review of Subcustodians and subcustodian contracts will be performed in accordance with the terms of the attached 17f-5 Delegation Schedule to this Agreement.
Delegation of Board Review of Subcustodians. The Fund, by resolution adopted by its Board, hereby delegates to the Custodian, subject to Section (b) of Rule 17f-5, the responsibilities set forth in the attached 17f-5 Delegation Schedule to this Agreement with respect to Investments of the Fund held outside of the United States, and the Custodian hereby accepts such delegation with respect to the Fund.
Delegation of Board Review of Subcustodians. From time to time, the Custodian may offer to perform, and the Trust may accept such offer to perform, that the Custodian perform certain reviews of Subcustodians and of Subcustodian contracts as delegate of the Trust's Board. In such event, the Custodian's duties and obligations with respect to this delegated review will be performed in accordance with the terms of SCHEDULE "1" (Foreign Custody Manager Delegation Agreement) of this Agreement/the separate delegation agreement between the Trust and the Custodian.
Delegation of Board Review of Subcustodians. From time to time, the Custodian
Delegation of Board Review of Subcustodians. From time to time, the Custodian may offer to perform, and the Fund may accept , that the Custodian perform certain reviews of Subcustodians and of Subcustodian Contracts as delegate of the Fund's Board. In such event, the