Common use of Delegation of Board Review of Subcustodians Clause in Contracts

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.

Appears in 2 contracts

Sources: Custodian Agreement (Alger Institutional Funds), Custodian Agreement (Alger China-Us Growth Fund)

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-5l7f-5, the responsibilities set forth in the attached 17f-5 l7f-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.

Appears in 1 contract

Sources: Custodian Agreement (Alger ETF Trust)