Common use of Termination of a Subcustodian Clause in Contracts

Termination of a Subcustodian. The Custodian may, at any time in its discretion upon notification to the appropriate Fund Companies, terminate any Subcustodian of such Fund(s) in accordance with the termination provisions under the applicable subcustodian agreement, and upon the receipt of Special Instructions, the Custodian will terminate any Subcustodian in accordance with the termination provisions under the applicable subcustodian agreement. Notwithstanding the above, the Custodian may not terminate Morgan Stanley Trust Company as a ▇▇▇▇▇t▇▇ ▇▇▇▇ustodian under this Agreement unless 60 days prior written notice is provided to IRC and the Fund Companies.