Common use of LIABILITY ON FOREIGN ACCOUNTS Clause in Contracts

LIABILITY ON FOREIGN ACCOUNTS. State Street shall not be required to repay any deposit made at a non-U.S. branch of State Street, or any deposit made with State Street and denominated in a non-U S. dollar currency, if repayment of such deposit or the use of assets denominated in the non-U S. dollar currency is prevented, prohibited or otherwise blocked due to: (a) an act of war, insurrection or civil strife; (b) any action by a non-U.S. government or instrumentality or authority asserting governmental, military or police power of any kind, whether such authority be recognized as a defacto or a dejure government, or by any entity, political or revolutionary movement or otherwise that usurps, supervenes or otherwise materially Impairs the normal operation of civil authority; or(c) the closure of a non-U S branch of State Street in order to prevent, in the reasonable judgment of State Street, harm to the employees or property of State Street. The obligation to repay any such deposit shall not be transferred to and may not be enforced against any other branch of State Street. The foregoing provisions constitute the disclosure required by Massachusetts General Laws, Chapter 167D, Section 36 While State Street is not ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇y deposit made at a non-U S, branch or any deposit denominated in a non-U.S. currency during the period in which its repayment has been prevented, prohibited or otherwise blocked, State Street will repay such deposit when and if all circumstances preventing, prohibiting or otherwise blocking repayment cease to exist

LIABILITY ON FOREIGN ACCOUNTS. State Street shall not be required to repay any deposit made at a non-U.S. branch of State Street, or any deposit made with State Street and denominated in a non-U S. U.S. dollar currency, if repayment of such deposit or the use of assets denominated in the non-U S. U.S. dollar currency is prevented, prohibited or otherwise blocked due to: (a) an act of war, insurrection or civil strife; (b) any action by a non-U.S. government or instrumentality or authority asserting governmental, military or police power of any kind, whether such authority be recognized as a defacto or a dejure government, or by any entity, political or revolutionary movement or otherwise that usurps, supervenes or otherwise materially Impairs impairs the normal operation of civil authority; or(cor (c) the closure of a non-U S U.S. branch of State Street in order to prevent, in the reasonable judgment of State Street, harm to the employees or property of State Street. The obligation to repay any such deposit shall hall not be transferred to and may not be enforced against any other branch of State Street. The foregoing provisions constitute the disclosure required by Massachusetts General Laws, Chapter 167D, Section 36 36. While State Street is not ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇y obligated to repay any deposit made at a non-U S, U.S. branch or any deposit denominated in a non-U.S. currency during the period in which its repayment has been prevented, prohibited or otherwise blocked, State Street will repay such deposit when and if all circumstances preventing, prohibiting or otherwise blocking repayment cease to exist.

LIABILITY ON FOREIGN ACCOUNTS. State Street shall not be required to repay any deposit made at a non-U.S. branch of State Street, or any deposit made with State Street and denominated in a non-U S. U.S. dollar currency, if repayment of such deposit or the use of assets denominated in the non-U S. U.S. dollar currency is prevented, prohibited or otherwise blocked due to: (a) an act of war, insurrection or civil strife; (b) any action by a non-U.S. government or instrumentality or authority asserting governmental, military or police power of any kind, whether such authority be recognized as a defacto de facto or a dejure de jure government, or by any entity, political or revolutionary movement or otherwise that usurps, supervenes or otherwise materially Impairs impairs the normal operation of civil authority; or(cor (c) the closure of a non-U S U.S. branch of State Street in order to prevent, in the reasonable judgment of State Street, harm to the employees or property of State Street. The obligation to repay any such deposit shall not be transferred to and may not be enforced against any other branch of State Street. The foregoing provisions constitute the disclosure required by Massachusetts General Laws, Chapter 167D, Section 36 36. While State Street is not ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇y obligated to repay any deposit made at a non-U S, U.S. branch or any deposit denominated in a non-U.S. currency during the period in which its repayment has been prevented, prohibited or otherwise blocked, State Street will repay such deposit when and if all circumstances preventing, prohibiting or otherwise blocking repayment cease to exist.