Common use of MOST FAVORED CLIENT Clause in Contracts

MOST FAVORED CLIENT. If at any time prior to termination of this Amendment, the Custodian, as a matter of standard business practice, accepts delegation as Foreign Custody Manager for its U.S. mutual fund clients on terms of materially greater benefit to the Funds than set forth in this Amendment, the Custodian hereby agrees to negotiate with the Funds in good faith with respect thereto.

Appears in 39 contracts

Sources: Custodian Contract/Agreement (Prudential Core Investment Fund), Custodian Contract/Agreement (Prudential Small Co Value Fund Inc), Custodian Contract/Agreement (Prudential Municipal Bond Fund)

MOST FAVORED CLIENT. If at any time prior to termination of this Amendment, the Custodian, as a matter of standard business practice, accepts delegation as Foreign Custody Manager for its U.S. mutual fund clients on terms of materially greater benefit to the Funds Fund than set forth in this Amendment, the Custodian hereby agrees to negotiate with the Funds Fund in good faith with respect thereto.

Appears in 1 contract

Sources: Custodian Contract (International Equity Portfolio /Cayman)