Common use of Performance by the Custodian Clause in Contracts

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONS. In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shall, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (x) invoice the Client for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement; and (xi) promptly after the close of business on each business day, furnish the Client with confirmations and a summary of all transfers to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with this Agreement, during said day, and at least monthly and from time to time, furnish the Client with a detailed statement of the Securities and cash held by the Custodian for the Client.

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shall, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and to the extent permitted by applicable law or through rules and procedures of any Clearance System, segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwiseotherwise including taking any action required in regard to any non discretion or right in connection with the Property; (ix) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (x) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Custody Cash Account; and (xi) promptly after the close of business on each business day, furnish deliver to the Client with confirmations and a summary transaction advices and/or regular statements of all transfers account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with this Agreement, during said day, and at least monthly and from time to time, furnish the Client with a detailed statement of the Securities and cash held by the Custodian for the Clientapplicable Rules.

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shallshall promptly, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may lawfully be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) collect, receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) take any action which is necessary and proper in connection with the receipt of Securities referred to in Section 6(A)(viii) above; (x) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (xxi) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Client Cash Account or any other account of the Client with the Custodian; (xii) deliver to the Client transaction advices and/or regular statements of account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to applicable Rules; and (xixiii) promptly after monitor on a continuing basis the close of business on each business day, furnish custody risks associated with maintaining assets with any Eligible Securities Depository (as defined in Rule 17f-7 under the 1940 Act) with which the Client with confirmations and a summary of all transfers maintains ▇▇ ▇▇oposes to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with maintain assets pursuant to this Agreement, during said day, and at least monthly and from time to time, furnish promptly notify the Client with a detailed statement of any material change in such risks (Custodian having delivered to Client an analysis of the custody risks associated with maintaining assets with each such Eligible Securities Depository); The Custodian agrees to exercise reasonable care, prudence and cash held by diligence in performing the Custodian for the Client.duties set forth in Section 6(c)(xii) above

Performance by the Custodian. (Aa) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONS. Transactions not requiring Instructions In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shall, to carry out the following actions in relation transactions relating to the PropertyProperty without Instructions from the Client: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required under any laws or regulations made by any tax authority or any other regulatory authority or under the laws of in any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, income tax or incomecapital gains, capital gains or any other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, do such things as may be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii7(a)(i) or otherwise under the terms of this Agreement); (iiia) collect and receive, for the account of the Client, all income, income and other payments and distributions in respect of the Property, and (in the absence of contrary Instructions) credit the same to the Custody Cash Client Deposit Account; ; (ivb) take any action which is necessary and proper in connection with the receipt of income, income and other payments and distributions as are referred to in Section 6(A)(iii7(a)(ii)(a) above, including, including (without limitation, ) the presentation of coupons and other interest items; (va) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it its being called or redeemed or otherwise becoming payable and (in the absence of contrary Instructions) credit the same to the Custody Cash Client Deposit Account; (vib) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v7(a)(iii)(a) above, including, including (without limitation, ) the presentation for payment of any Property property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viiiiv) receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division subdivision or reorganization, capitalization of reserves or otherwise; (ixv) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Accountcertificates; (xvi) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement Agreement, and, (in accordance with the Fee Agreementabsence of contrary Instructions) debit the same to the Client Deposit Account; and (xivii) promptly after the close of business on each business day, furnish deliver to the Client with confirmations all notices of meetings, proxies, proxy materials and a summary of all transfers to or from other announcements which Custodian receives regarding Securities in the Custody Account and, prior to delivering them to the Client, cause all such proxies relating to Securities which are not registered in the name of Client, to be executed by the registered holder of such Securities, without indication of the manner in which such Securities are to be voted; and promptly notify and forward to the Custody Cash AccountClient all notices, either hereunder or with any Subcustodian appointed in accordance with this Agreement, during said dayreports and other financial information relating to the Property when received by the Custodian, and at least monthly and from time promptly seek Instructions as to time, furnish the Client with a detailed statement of the Securities and cash held by the Custodian for the Clientany action to be taken in connection therewith.

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of ---------------------------------------------------- contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shallshall promptly, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may lawfully be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) collect, receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) take any action which is necessary and proper in connection with the receipt of Securities referred to in Section 6(A)(viii) above; (x) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (xxi) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Client Cash Account or any other account of the Client with the Custodian; (xii) deliver to the Client transaction advices and/or regular statements of account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to applicable Rules; and (xixiii) promptly after monitor on a continuing basis the close of business on each business day, furnish the Client custody risks associated with confirmations and a summary of all transfers to or from the Custody Account and the Custody Cash Account, either hereunder or maintaining assets with any Subcustodian appointed Eligible Securities Depository (as defined in accordance Rule 17f-7 under the 1940 Act) with whic▇ ▇▇▇ ▇▇ient maintains or proposes to maintain assets pursuant to this Agreement, during said day, and at least monthly and from time to time, furnish promptly notify the Client with a detailed statement of any material change in such risks (Custodian having delivered to Client an analysis of the custody risks associated with maintaining assets with each such Eligible Securities Depository); The Custodian agrees to exercise reasonable care, prudence and cash held by diligence in performing the Custodian for the Client.duties set forth in Section 6(c)(xii) above

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shall, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System;; -------------------------------------------------------------------------------- 5 [CITIBANK LOGO] -------------------------------------------------------------------------------- (viii) receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (x) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Client Cash Account or any other account of the Client with the Custodian; and (xi) promptly after the close of business on each business day, furnish deliver to the Client with confirmations and a summary transaction advices and/or regular statements of all transfers account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with this Agreement, during said day, and at least monthly and from time to time, furnish the Client with a detailed statement of the Securities and cash held by the Custodian for the Clientapplicable Rules.

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shall, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments;; [GRAPHIC APPEARS HERE] -------------------------------------------------------------------------------- (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (x) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Client Cash Account or any other account of the Client with the Custodian; and (xi) promptly after the close of business on each business day, furnish deliver to the Client with confirmations and a summary transaction advices and/or regular statements of all transfers account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with this Agreement, during said day, and at least monthly and from time to time, furnish the Client with a detailed statement of the Securities and cash held by the Custodian for the Clientapplicable Rules.

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of contrary Instructions, the ------------------------------------------------------- Custodian is authorized by the Client to, and where applicable, the Custodian shallshall promptly, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may lawfully be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) collect, receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) take any action which is necessary and proper in connection with the receipt of Securities referred to in Section 6(A)(viii) above; (x) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (xxi) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Client Cash Account or any other account of the Client with the Custodian; (xii) deliver to the Client transaction advices and/or regular statements of account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to applicable Rules; and (xixiii) promptly after monitor on a continuing basis the close of business on each business day, furnish custody risks associated with maintaining assets with any Eligible Securities Depository (as defined in Rule 17f-7 under the ▇▇▇▇ ▇▇▇) with which the Client with confirmations and a summary of all transfers maintains or proposes to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with maintain assets pursuant to this Agreement, during said day, and at least monthly and from time to time, furnish promptly notify the Client with a detailed statement of any material change in such risks (Custodian having delivered to Client an analysis of the custody risks associated with maintaining assets with each such Eligible Securities Depository); The Custodian agrees to exercise reasonable care, prudence and cash held by diligence in performing the Custodian for the Client.duties set forth in Section 6(c)(xii) above

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shallshall promptly, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may lawfully be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; ; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (x) invoice the Client for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement; and (xi) promptly after the close of business on each business day, furnish the Client with confirmations and a summary of all transfers to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with this Agreement, during said day, and at least monthly and from time to time, furnish the Client with a detailed statement of the Securities and cash held by the Custodian for the Client.

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shall, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (x) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Client Cash Account or any other account of the Client with the Custodian; and (xi) promptly after the close of business on each business day, furnish deliver to the Client with confirmations and a summary transaction advices and/or regular statements of all transfers account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with this Agreement, during said day, and at least monthly and from time to time, furnish the Client with a detailed statement of the Securities and cash held by the Custodian for the Clientapplicable Rules.

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of ---------------------------------------------------- contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shallshall promptly, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may lawfully be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) collect, receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) take any action which is necessary and proper in connection with the receipt of Securities referred to in Section 6(A)(viii) above; (x) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (xxi) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Client Cash Account or any other account of the Client with the Custodian; (xii) deliver to the Client transaction advices and/or regular statements of account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to applicable Rules; and (xixiii) promptly after monitor on a continuing basis the close of business on each business day, furnish the Client custody risks associated with confirmations and a summary of all transfers to or from the Custody Account and the Custody Cash Account, either hereunder or maintaining assets with any Subcustodian appointed Eligible Securities Depository (as defined in accordance Rule 17f-7 under the 1940 Act) with which the C▇▇▇▇▇ maintains or proposes to maintain assets pursuant to this Agreement, during said day, and at least monthly and from time to time, furnish promptly notify the Client with a detailed statement of any material change in such risks (Custodian having delivered to Client an analysis of the custody risks associated with maintaining assets with each such Eligible Securities Depository); The Custodian agrees to exercise reasonable care, prudence and cash held by diligence in performing the Custodian for the Client.duties set forth in Section 6(c)(xii) above

Performance by the Custodian. (A) CUSTODIAL DUTIES NOT REQUIRING FURTHER INSTRUCTIONSCustodial duties not requiring further Instructions. In the absence of contrary Instructions, the Custodian is authorized by the Client to, and where applicable, the Custodian shallshall promptly, carry out the following actions in relation to the Property: (i) except as otherwise provided in this Agreement, separately identify the Property on its records as being held for the account of the Client and segregate all Property held on behalf of the Client by the Custodian from the assets of the Custodian; (ii) sign any affidavits, certificates of ownership or other certificates relating to the Property which may be required by any tax or regulatory authority or under the laws of any relevant jurisdiction, whether governmental or otherwise, and whether relating to ownership, or income, capital gains or other tax, duty or levy (and the Client further agrees to ratify and to confirm or to do, or to procure the doing of, such things as may lawfully be necessary or appropriate to complete or evidence the Custodian's actions under this Section 6(A)(ii) or otherwise under the terms of this Agreement); (iii) collect and receive, for the account of the Client, all income, payments and distributions in respect of the Property, and credit the same to the Custody Cash Account; (iv) take any action which is necessary and proper in connection with the receipt of income, payments and distributions as are referred to in Section 6(A)(iii) above, including, without limitation, the presentation of coupons and other interest items; (v) collect, receive and hold for the account of the Client any capital arising out of or in connection with the Property whether as a result of it being called or redeemed or otherwise becoming payable and credit the same to the Custody Cash Account; (vi) take any action which is necessary and proper in connection with the receipt of any capital as is referred to in Section 6(A)(v) above, including, without limitation, the presentation for payment of any Property which becomes payable as a result of its being called or redeemed or otherwise becoming payable and the endorsement for collection of checks, drafts and other negotiable instruments; (vii) take any action which is necessary and proper to enable the Custodian to provide services to the Client within, and to observe and perform its obligations in respect of, any relevant Clearance System; (viii) receive and hold for the account of the Client all Securities received by the Custodian as a result of a stock dividend, share sub-division or reorganization, capitalization of reserves or otherwise; (ix) exchange interim or temporary receipts for definitive certificates, and old or overstamped certificates for new certificates and hold such definitive and/or new certificates in the Custody Account; (x) invoice the Client make cash disbursements for any expenses incurred in handling the Property and for similar items in connection with the Custodian's duties under this Agreement in accordance with the Fee Agreement, and debit the same to the Client Cash Account or any other account of the Client with the Custodian; and (xi) promptly after the close of business on each business day, furnish deliver to the Client with confirmations and a summary transaction advices and/or regular statements of all transfers account showing the Property held at such intervals as may be agreed between the parties hereto but subject always to or from the Custody Account and the Custody Cash Account, either hereunder or with any Subcustodian appointed in accordance with this Agreement, during said day, and at least monthly and from time to time, furnish the Client with a detailed statement of the Securities and cash held by the Custodian for the Clientapplicable Rules.