Common use of MOST FAVORED CLIENT Clause in Contracts

MOST FAVORED CLIENT. If at any time prior to termination of this Agreement, the Delegate, 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 Agreement, the Delegate hereby agrees to negotiate with the Trust in good faith with respect thereto.

Appears in 2 contracts

Sources: Custodian Agreement (BBH Trust), Custodian Agreement (BBH Trust)

MOST FAVORED CLIENT. If at any time prior to termination of this Agreement, the Delegate, 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 Agreement, the Delegate hereby agrees to negotiate with the Trust Corporation in good faith with respect thereto.

Appears in 1 contract

Sources: Custodian Agreement (BBH Fund Inc)