Common use of Guidelines and Procedures Clause in Contracts

Guidelines and Procedures. for the Exercise of Delegated Authority ----------------------------------------------------------------- a. Board's Conclusive Determination Regarding Country Risk ------------------------------------------------------- In exercising its delegated authority under this Agreement, Delegate may assume, for all purposes, that the Board (or Fund's investment advisor, pursuant to authority delegated by the Board) has considered, and pursuant to its fiduciary duties to Fund and Fund's shareholders, determined to accept, such Country Risk as is incurred by placing and maintaining Assets in the jurisdictions to which this Agreement applies. In exercising its delegated authority under this Agreement, Delegate may also assume that Board (or Fund's investment advisor, pursuant to authority delegated by Board) has, and will continue to, Monitor such Country Risk to the extent Board deems necessary or appropriate. Nothing in this Agreement shall require Delegate to make any selection or to engage in any Monitoring on behalf of Fund that would entail consideration of Country Risk.

Guidelines and Procedures. for the Exercise of Delegated Authority ----------------------------------------------------------------- a. Board's Conclusive Determination Regarding Country Risk ------------------------------------------------------- In exercising its delegated authority under this Agreement, Delegate may assume, for all purposes, that the Board (or Fund's investment advisor, pursuant to authority delegated by the Board) has considered, and pursuant to its fiduciary duties to Fund and Fund's shareholders, determined to accept, such Country Risk as is incurred by placing and maintaining Assets in the jurisdictions to which this Agreement applies. In exercising its delegated authority under this Agreement, Delegate may also assume that Board (or Fund's investment advisor, pursuant to authority delegated by Board) has, and will continue to, Monitor monitor such Country Risk to the extent Board deems necessary or appropriate. Nothing in this Agreement shall require Delegate to make any selection or to engage in any Monitoring monitoring on behalf of Fund that would entail consideration of Country Risk.