TO AN ACCOUNT FOR SUCH
SERIES.
2.
UPON RECEIPT OF SUCH MONEY, CUSTODIAN SHALL CREDIT SUCH MONEY TO AN
ACCOUNT IN THE NAME OF THE SERIES FOR WHICH SUCH MONEY WAS RECEIVED.
10
3.
EXCEPT AS PROVIDED HEREINAFTER, WHENEVER THE CORPORATION DESIRES
CUSTODIAN TO MAKE PAYMENT OUT OF THE MONEY HELD BY CUSTODIAN HEREUNDER IN
CONNECTION WITH A REDEMPTION OF ANY SHARES, IT SHALL FURNISH TO CUSTODIAN A
CERTIFICATE OR INSTRUCTIONS SPECIFYING THE TOTAL AMOUNT TO BE PAID FOR SUCH
SHARES.
CUSTODIAN SHALL MAKE PAYMENT OF SUCH TOTAL AMOUNT TO THE TRANSFER AGENT
SPECIFIED IN SUCH CERTIFICATE OR INSTRUCTIONS OUT OF THE MONEY HELD IN AN
ACCOUNT OF THE APPROPRIATE SERIES.
4.
NOTWITHSTANDING THE ABOVE PROVISIONS REGARDING THE REDEMPTION OF ANY
SHARES, WHENEVER ANY SHARES ARE REDEEMED PURSUANT TO ANY CHECK REDEMPTION
PRIVILEGE WHICH MAY FROM TIME TO TIME BE OFFERED BY THE CORPORATION, CUSTODIAN,
UNLESS OTHERWISE INSTRUCTED BY A CERTIFICATE OR INSTRUCTIONS, SHALL, UPON
PRESENTMENT OF SUCH CHECK, CHARGE THE AMOUNT THEREOF AGAINST THE MONEY HELD IN
THE ACCOUNT OF THE SERIES OF THE SHARES BEING REDEEMED, PROVIDED, THAT IF THE
CORPORATION OR ITS AGENT TIMELY ADVISES CUSTODIAN THAT SUCH CHECK IS NOT TO BE
HONORED, CUSTODIAN SHALL RETURN SUCH CHECK UNPAID.
ARTICLE VII
PAYMENT OF DIVIDENDS OR DISTRIBUTIONS
1.
WHENEVER THE CORPORATION SHALL DETERMINE TO PAY A DIVIDEND OR
DISTRIBUTION ON SHARES IT SHALL FURNISH TO CUSTODIAN INSTRUCTIONS OR A
CERTIFICATE SETTING FORTH WITH RESPECT TO THE SERIES SPECIFIED THEREIN THE DATE
OF THE DECLARATION OF SUCH DIVIDEND OR DISTRIBUTION, THE TOTAL AMOUNT PAYABLE,
AND THE PAYMENT DATE.
2.
UPON THE PAYMENT DATE SPECIFIED IN SUCH INSTRUCTIONS OR CERTIFICATE,
CUSTODIAN SHALL PAY OUT OF THE MONEY HELD FOR THE ACCOUNT OF SUCH SERIES THE
TOTAL AMOUNT PAYABLE TO THE DIVIDEND AGENT OF THE CORPORATION SPECIFIED THEREIN.
ARTICLE VIII
CONCERNING CUSTODIAN
1.
(A)
EXCEPT AS OTHERWISE EXPRESSLY PROVIDED HEREIN, CUSTODIAN SHALL NOT
BE LIABLE FOR ANY COSTS, EXPENSES, DAMAGES, LIABILITIES OR CLAIMS, INCLUDING
ATTORNEYS' AND ACCOUNTANTS' FEES (COLLECTIVELY, "LOSSES"), INCURRED BY OR
ASSERTED AGAINST THE CORPORATION, EXCEPT THOSE LOSSES ARISING OUT OF CUSTODIAN'S
OWN NEGLIGENCE OR WILLFUL MISCONDUCT.
CUSTODIAN SHALL HAVE NO LIABILITY
WHATSOEVER FOR THE ACTION OR INACTION OF ANY DEPOSITORIES OR OF ANY FOREIGN
DEPOSITORIES, EXCEPT IN EACH CASE TO THE EXTENT SUCH ACTION OR INACTION IS A
DIRECT RESULT OF THE CUSTODIAN'S FAILURE TO FULFILL ITS DUTIES HEREUNDER.
WITH
RESPECT TO ANY LOSSES INCURRED BY THE CORPORATION AS A RESULT OF THE ACTS OR ANY
FAILURES TO ACT BY ANY SUBCUSTODIAN (OTHER THAN A CUSTODIAN AFFILIATE),
CUSTODIAN SHALL TAKE APPROPRIATE ACTION TO RECOVER SUCH LOSSES FROM SUCH
SUBCUSTODIAN; AND CUSTODIAN'S SOLE RESPONSIBILITY AND LIABILITY TO THE
CORPORATION SHALL BE LIMITED TO AMOUNTS SO RECEIVED FROM SUCH SUBCUSTODIAN
(EXCLUSIVE OF COSTS AND EXPENSES INCURRED BY CUSTODIAN).
IN NO EVENT SHALL
CUSTODIAN BE LIABLE TO THE CORPORATION OR ANY THIRD PARTY FOR SPECIAL, INDIRECT
OR CONSEQUENTIAL DAMAGES, OR LOST PROFITS OR LOSS OF BUSINESS, ARISING IN
CONNECTION WITH THIS AGREEMENT, NOR SHALL CUSTODIAN OR ANY SUBCUSTODIAN BE