Common use of Interim Subcustodians Clause in Contracts

Interim Subcustodians. Notwithstanding the foregoing but subject to requirements of Sections (b) and (c) of Rule 17f-5 under the 1940 Act governing the appointment of Foreign Custody Managers and maintenance of the Fund's Foreign Assets (as defined in Rule 17f-5) with an Eligible Foreign Custodian (as defined in Rule 17f-5), in the event that a Fund shall invest in an Asset to be held in a country in which no Foreign Subcustodian is authorized to act, the Custodian shall notify such Fund in writing by facsimile transmission, or in such other manner as such Fund and the Custodian shall agree in writing, of the unavailability of an approved Foreign Subcustodian in such country; and upon the receipt of Special Instructions from such Fund, the Custodian shall, or shall cause its Domestic Subcustodian to, appoint or approve an entity (referred to herein as an "Interim Subcustodian") designated in such Special Instructions to hold such Security or other Assets.

Interim Subcustodians. Notwithstanding the foregoing but subject to requirements of Sections (b) and (c) of Rule 17f-5 under the 1940 Act governing the appointment of Foreign Custody Managers and maintenance of the Fund's Foreign Assets (as defined in Rule 17f-5) with an Eligible Foreign Custodian (as defined in Rule 17f-5Rule17f-5), in the event that a Fund shall invest in an Asset to be held in a country in which no Foreign Subcustodian is authorized to act, the Custodian shall notify such Fund in writing by facsimile transmission, or in such other manner as such Fund and the Custodian shall agree in writing, of the unavailability of an approved Foreign Subcustodian in such country; and upon the receipt of Special Instructions from such Fund, the Custodian shall, or shall cause its Domestic Subcustodian to, appoint or approve an entity (referred to herein as an "Interim Subcustodian") designated in such Special Instructions to hold such Security or other Assets.

Interim Subcustodians. Notwithstanding the foregoing but subject to requirements of Sections (b) and (c) of Rule 17f-5 under the 1940 Act governing the appointment of Foreign Custody Managers and maintenance of the Fund's ’s Foreign Assets (as defined in Rule 17f-5) with an Eligible Foreign Custodian (as defined in Rule 17f-5Rule17f-5), in the event that a Fund shall invest in an Asset to be held in a country in which no Foreign Subcustodian is authorized to act, the Custodian shall notify such Fund in writing by facsimile transmission, or in such other manner as such Fund and the Custodian shall agree in writing, of the unavailability of an approved Foreign Subcustodian in such country; and upon the receipt of Special Instructions from such Fund, the Custodian shall, or shall cause its Domestic Subcustodian to, appoint or approve an entity (referred to herein as an "“Interim Subcustodian"”) designated in such Special Instructions to hold such Security or other Assets.