Common use of Conversion to NETWORKING Clause in Contracts

Conversion to NETWORKING. If the Trust Entity, as part of its conversion to Networking, requires that outstanding certificates be deposited with any of the Funds or that street name house accounts be divided into individual accounts, the Trust Entity shall submit to PIMSS a "Conversion Plan" and shall obtain prior written consent from PIMSS for the Conversion Plan. The Conversion Plan shall detail volumes for certificates or individual accounts, procedures for processing, documentary requirements, procedures and reasonable time frames for resolving discrepancies, and such other matters, including the classes of Client-Shareholder accounts eligible for Networking, and ongoing procedures for the entry and removal of individual accounts to and from Networking. PIMSS will assist the Trust Entity in formulating the Conversion Plan.