Common use of Foreign Subcustodians Clause in Contracts

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors of the Fund (which approval may be withheld in the sole discretion of such Board of Directors) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and the

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors Trustees of the Fund (which approval may be withheld in the sole discretion of such Board of DirectorsBoard) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and thethe securities depositories or clearing agencies (meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC) through which, any proposed Foreign Subcustodian is authorized to hold Securities, cash and other assets of the Fund

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors Trustees of the Fund (which approval may be withheld in the sole discretion of such Board of DirectorsBoard) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and thethe securities depositories or clearing agencies (meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC) through which, any proposed Foreign Subcustodian is authorized to hold Securities, cash and

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors Trustees of the Fund (which approval may be withheld in the sole discretion of such Board of DirectorsTrustees) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and thethe securities depositories or clearing agencies (meeting the requirements of an "eligible

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SEC, or (ii) any bank as defined in section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund as a subcustodian for purposes of holding cash, securities and other assets of the Fund and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors of the Fund (which approval may be withheld in the sole discretion of such Board of Directors) with respect to (A) the identity and qualifications of any proposed Foreign Subcustodian, (B) the country or countries in which, and thethe securities depositories or clearing agencies (meeting the requirements of an "eligible foreign custodian" under section 17(f) of the 1940 Act

Foreign Subcustodians. The Custodian may, at any time and from time to time, at its own expense, appoint: (i) any bank, trust company or other entity meeting the requirements of an "eligible foreign custodian" under section Section 17(f) of the 1940 Act and the rules and regulations thereunder or exempted therefrom by order of the SECSecurities and Exchange Commission exempted therefrom, or (ii) any bank as defined in section Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under section Section 17(f) of the 1940 Act and the rules and regulations thereunder to act on behalf of the Fund one or more Portfolios as a subcustodian for purposes of holding cash, securities and other assets of the Fund such Portfolios and performing other functions of the Custodian in countries other than the United States of America (a "Foreign Subcustodian"); provided that provided, that, prior to the appointment of any Foreign Subcustodian, the Custodian shall have obtained written confirmation of the approval of the Board of Directors Trustees or other governing body or entity of the Fund on behalf of the applicable Portfolio(s) (which approval may be withheld in the sole discretion of such Board of DirectorsTrustees or other governing body or entity) with respect to (Ai) the identity and qualifications of any proposed Foreign Subcustodian, (Bii) the country or countries in which, and thethe securities depositories or clearing agencies, if any, through which, any proposed Foreign Subcustodian is authorized to hold securities and other assets of the Portfolio(s), and