Common use of Communications Relating to Trust Portfolio Securities Clause in Contracts

Communications Relating to Trust Portfolio Securities. The Custodian shall transmit promptly to the Trust for each Portfolio all written information (including, without limitation, pendency of calls and maturities of securities and expirations of rights in connection therewith and notices of exercise of call and put options written by the Trust on behalf of the Portfolio and the maturity of futures contracts purchased or sold by the Portfolio) received by the Custodian from issuers of the securities being held for the Portfolio. With respect to tender or exchange offers, the Custodian shall transmit promptly to the Portfolio all written information received by the Custodian from issuers of the securities whose tender or exchange is sought and from the party (or his agents) making the tender or exchange offer. If the Portfolio desires to take action with respect to any tender offer, exchange offer or any other similar transaction, the Portfolio shall notify the Custodian at least three business days prior to the date on which the Custodian is to take such action.

Communications Relating to Trust Portfolio Securities. The Custodian shall transmit promptly to the Trust for each Portfolio all written information (including, without limitation, pendency of calls and maturities of securities and expirations of rights in connection therewith and notices of exercise of call and put options written by the Trust on behalf of the each Portfolio and the maturity of futures contracts purchased or sold by the each Portfolio) received by the Custodian from issuers of the securities being held for the PortfolioPortfolios. With respect to tender or exchange offers, the Custodian shall transmit promptly to the Portfolio Trust all written information received by the Custodian from issuers of the securities whose tender or exchange is sought and from the party (or his agents) making the tender or exchange offer. If the Trust on behalf of a Portfolio desires to take action with respect to any tender offer, exchange offer or any other similar transaction, the Portfolio Trust shall notify the Custodian at least three business days prior to the date on which the Custodian is to take such action.