Common use of Selection of Eligible Foreign Custodian Clause in Contracts

Selection of Eligible Foreign Custodian. The Delegate shall place and maintain the Fund’s Assets with CTC; provided that the Delegate shall have determined that the Fund’s Assets will be subject to reasonable care by CTC based on the standards applicable to custodians in Taiwan after considering all factors relevant to the safekeeping of such assets including without limitation: (i) CTC’s practices, procedures, and internal controls, including, but not limited to, the physical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; (ii) Whether CTC has the requisite financial strength to provide reasonable care for the Fund’s Assets; (iii) CTC’s general reputation and standing; and (iv) Whether the Fund will have jurisdiction over and be able to enforce judgments against the CTC, such as by virtue of the existence of any offices of CTC in the United States or CTC’s appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.