Common use of Crediting of Accounts Clause in Contracts

Crediting of Accounts. With respect to registered United States domestic securities (i.e., securities having an industry CUSIP number), security purchase and sale transactions will be posted to the applicable Account on settlement date and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date. With respect to foreign securities, security purchase and sale transactions will be posted to the applicable Account on settlement date to the extent that the foreign sub-custodian maintaining such securities hereunder so posts the transaction (and otherwise will be posted on the date such foreign sub-custodian posts the transaction) and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date to the extent that the foreign sub-custodian maintaining such securities hereunder so credits such amounts (and otherwise will be credited on the date such foreign sub-custodian credits such amounts). With respect to transactions or payments not referenced in one of the two preceding sentences, such transactions or payments will be posted or credited to the applicable Account at the time determined by PFPC Trust in its reasonable discretion (but in no event later than the date on which such transaction or payment actually settles). No amount will be credited on payable date with respect to securities that are in default. If PFPC Trust credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation PFPC Trust is required to repay to a third party such amounts so credited, PFPC Trust shall have the absolute right in its sole discretion upon notice to the applicable Fund to reverse any such credit or payment and to debit or deduct the amount of such credit or payment from the Account, and PFPC Trust shall also be entitled without the need for such notice to otherwise pursue recovery of any such amounts so credited from the applicable Fund. In addition, notwithstanding the foregoing sentence, if any Property has been incorrectly paid or credited, PFPC Trust shall have the absolute right in its sole discretion without demand or prior notice to reverse any such payment or credit, to debit or deduct the amount of any such payment or credit from the applicable Account, and to otherwise pursue recovery of any amounts so paid or credited from the applicable Fund; PFPC Trust will give prompt after-the-fact notice (i.e., such notice will be given within timeframes that comply with PFPC Trust's standard operating procedures) to the applicable Fund of any such reversal, debit or deduction. Each Fund, on behalf of each of its respective Portfolios, hereby grants a first priority contractual possessory security interest in and a right of setoff against the assets maintained in a particular Account hereunder in the amount necessary to secure the return and payment to PFPC Trust of any advance or credit made by PFPC Trust (including charges related thereto) with respect to such Account.

Crediting of Accounts. With respect to registered United States domestic securities (i.e., securities having an industry CUSIP number), security purchase and sale transactions will be posted to the applicable Account on settlement date and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date. With respect to foreign securities, security purchase and sale transactions will be posted to the applicable Account on settlement date to the extent that the foreign sub-custodian and sub-sub-custodian maintaining such securities hereunder so posts post the transaction (and otherwise will be posted on the date such foreign sub-custodian posts and sub-sub-custodian post the transaction) and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date to the extent that the foreign sub-custodian and sub-sub-custodian maintaining such securities hereunder so credits credit such amounts (and otherwise will be credited on the date such foreign sub-custodian credits and sub-sub-custodian credit such amounts). With respect to transactions or payments not referenced in one of the two preceding sentences, such transactions or payments will be posted or credited to the applicable Account at the time determined by PFPC Trust in its reasonable discretion (but in no event later than the date on which such transaction or payment actually settles). No amount will be credited on payable date with respect to securities that are in default. If PFPC Trust credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or PFPC Trust, acting in good faith, otherwise reasonably determines that full and final payment of the amounts so credited is unlikely or (ii) pursuant to standard industry practice, law or regulation PFPC Trust is required to repay to a third party such amounts so credited, PFPC Trust shall have the absolute right in its sole discretion upon notice to the applicable Fund to reverse any such credit or payment and to debit or deduct the amount of such credit or payment from the Account, and PFPC Trust shall also be entitled without the need for such notice to otherwise pursue recovery of any such amounts so credited from the applicable Fund. In addition, notwithstanding the foregoing sentence, if any Property has been incorrectly paid or credited, PFPC Trust shall have the absolute right in its sole discretion without demand or prior notice to reverse any such payment or credit, to debit or deduct the amount of any such payment or credit from the applicable Account, and to otherwise pursue recovery of any amounts so paid or credited from the applicable Fund; PFPC Trust will give prompt after-the-fact notice (i.e., such notice will be given within timeframes that comply with PFPC Trust's standard operating procedures) to the applicable Fund of the exercise of any such right of reversal, debit or deduction, which notice may be contained in periodic account statements made available to the applicable Fund. Each Fund, on behalf of each of its respective Portfolios, hereby grants a first priority contractual possessory security interest in and a right of setoff against the assets maintained in a particular Account hereunder in the amount necessary to secure the return and payment to PFPC Trust of any advance or credit made by PFPC Trust (including charges related thereto) with respect to such Account; PFPC Trust will give prompt after-the-fact notice (i.e., such notice will be given within timeframes that comply with PFPC Trust's standard operating procedures) to the applicable Fund of the exercise of any such right of setoff, which notice may be contained in periodic account statements made available to the applicable Fund. Notwithstanding any other provisions of this Agreement and without limiting any other rights of PFPC Trust under this Agreement, PFPC Trust may assign any rights regarding reversal, debit, deduction or setoff that it has under this Section 14(m) to a sub-custodian or sub-sub-custodian; PFPC Trust will give notice to the applicable Fund of the exercise of any such assigned right of reversal, debit, deduction or setoff by a sub-custodian or sub-sub-custodian, to the same extent PFPC Trust would be required to give the applicable Fund notice under this Section 14(m) if PFPC Trust had itself exercised such right.

Crediting of Accounts. With respect to registered United States domestic securities (i.e., securities having an industry CUSIP number), security purchase and sale transactions will be posted to If the applicable Account on settlement date and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date. With respect to foreign securities, security purchase and sale transactions will be posted to the applicable Account on settlement date to the extent that the foreign sub-custodian maintaining such securities hereunder so posts the transaction (and otherwise will be posted on the date such foreign sub-custodian posts the transaction) and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date to the extent that the foreign sub-custodian maintaining such securities hereunder so credits such amounts (and otherwise will be credited on the date such foreign sub-custodian credits such amounts). With respect to transactions or payments not referenced in one of the two preceding sentences, such transactions or payments will be posted or credited to the applicable Account at the time determined by PFPC Trust Bank in its reasonable sole discretion (but in no event later than the date on which such transaction or payment actually settles). No amount will be credited on payable date with respect to securities that are in default. If PFPC Trust credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's the Bank’s actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's the Bank’s actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust the Bank is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation PFPC Trust the Bank is required to repay to a third party such amounts so credited, PFPC Trust or if any Property has been incorrectly credited, the Bank shall have the absolute right in its sole discretion upon notice to the applicable Fund without demand to reverse any such credit or payment and payment, to debit or deduct the amount of such credit or payment from the Account, and PFPC Trust shall also be entitled without the need for such notice to otherwise pursue recovery of any such amounts so credited from the applicable FundCustomer. In addition, notwithstanding Nothing herein or otherwise shall require the foregoing sentence, if Bank to make any Property has been incorrectly paid advances or credited, PFPC Trust shall have the absolute right in its sole discretion without demand or prior notice to reverse any such payment or credit, to debit or deduct the amount of any such payment or credit from the applicable Account, and to otherwise pursue recovery of any amounts so paid or credited from until the applicable Fund; PFPC Trust will give prompt after-the-fact notice (i.e., such notice will be given within timeframes that comply with PFPC Trust's standard operating procedures) to the applicable Fund of any such reversal, debit or deductionBank’s actual receipt thereof. Each Fund, on behalf of each of its respective Portfolios, The Customer hereby grants a first priority contractual possessory security interest in and a right of setoff against the assets maintained in a particular an Account hereunder in the amount necessary to secure the return and payment to PFPC Trust the Bank of any advance or credit made by PFPC Trust the Bank (including charges related thereto) with respect to such Account.. SCHEDULE B List of Authorized Persons Name Title Signature EXHIBIT 1 Addendum to Subscription Agreement for Investment by [Fund of Funds] in [Hedge Fund] X.X. Xxxxxx Trust Company, National Association (“JPM”) is executing the subscription agreement to which this Addendum is attached by executing this Addendum. This Addendum confirms JPM will act as custodian for [Fund of Funds] (“Investor”), in connection with its investment in [name of Underlying Fund] (“Fund”). JPM is acting solely as custodian in connection with the Investor’s investment in the Fund and holding of Interests. JPM does not exercise any investment responsibility or authority for the Investor, and can act in connection with the assets of the Investor only at the direction of the Investor, and only through authorized representatives of the Investor. JPM receives a fee to provide its services as custodian, but has no economic interest in the Fund. Please be advised that:

Crediting of Accounts. With respect to registered United States domestic securities (i.e., securities having an industry CUSIP number), security purchase and sale transactions will be posted to If the applicable Account on settlement date and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date. With respect to foreign securities, security purchase and sale transactions will be posted to the applicable Account on settlement date to the extent that the foreign sub-custodian maintaining such securities hereunder so posts the transaction (and otherwise will be posted on the date such foreign sub-custodian posts the transaction) and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date to the extent that the foreign sub-custodian maintaining such securities hereunder so credits such amounts (and otherwise will be credited on the date such foreign sub-custodian credits such amounts). With respect to transactions or payments not referenced in one of the two preceding sentences, such transactions or payments will be posted or credited to the applicable Account at the time determined by PFPC Trust Custodian in its reasonable sole discretion (but in no event later than the date on which such transaction or payment actually settles). No amount will be credited on payable date with respect to securities that are in default. If PFPC Trust credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's the Custodian’s actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's the Custodian’s actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust the Custodian is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation PFPC Trust the Custodian is required to repay to a third party such amounts so credited, PFPC Trust or if any Property has been incorrectly credited, the Custodian shall have the absolute right in its sole discretion upon notice to the applicable Fund without demand to reverse any such credit or payment and payment, to debit or deduct the amount of such credit or payment from the Account, and PFPC Trust shall also be entitled without the need for such notice to otherwise pursue recovery of any such amounts so credited from the applicable FundCustomer. In addition, notwithstanding Nothing herein or otherwise shall require the foregoing sentence, if Custodian to make any Property has been incorrectly paid advances or credited, PFPC Trust shall have the absolute right in its sole discretion without demand or prior notice to reverse any such payment or credit, to debit or deduct the amount of any such payment or credit from the applicable Account, and to otherwise pursue recovery of any amounts so paid or credited from until the applicable Fund; PFPC Trust will give prompt after-the-fact notice (i.e., such notice will be given within timeframes that comply with PFPC Trust's standard operating procedures) to the applicable Fund of any such reversal, debit or deductionCustodian’s actual receipt thereof. Each Fund, on behalf of each of its respective Portfolios, The Customer hereby grants a first priority contractual possessory security interest in and a right of setoff against the assets maintained in a particular an Account hereunder in the amount necessary to secure the return and payment to PFPC Trust the Custodian of any advance or credit made by PFPC Trust the Custodian (including charges related thereto) with respect to such Account. SCHEDULE B Part I: List of Authorized Persons of the Manager and Administrator for all purposes Name, Organization and Title Signature Jxxx X. Xxxxxxxxx, CEO A. Hxxx Xxxxxxx, CEO Axxxxx X. Xxxxxxx, CEO Jxxx X. Xxxxx, Treasurer Jxxxxx X. Xxxxxxxxx, Secretary Part II: List of Authorized Persons of the Manager and Administrator solely for purposes of providing the approval of Customer for the payment of expenses and the transfers of funds to other accounts of the Customer. Name, Organization and Title Signature Txxx Xxxxx Rxx Xxxxxxx Kxxxx Xxxxx Txxxxx Xxxxxxxxxx Jxxx Xxxxxxxxxx Mxxxxxx Xxxxxxxx The Custodian acknowledges and agrees that that those persons employed by the Administrator and listed in this Schedule B shall only be permitted to have access to information of the Customer for purposes of paying Customer-related expenses due and payable to the Custodian under this Agreement. SCHEDULE C USE OF JPMORGAN ACCESS JPMorgan Access is accessible through open networks such as the internet. The Customer acknowledges that there are certain security, corruption, transmission error and access availability risks associated with using such networks, and the Customer hereby expressly assumes such risks. The Customer shall make its own independent assessment of the adequacy of the internet and of the security procedures made available by the Custodian. The Customer acknowledges and agrees that the selection and use by it of third party security and communications software and third party service providers is the sole responsibility of the Customer, and the Custodian disclaims all risks related thereto, notwithstanding that the Custodian may recommend certain security and/or communications software packages. All such software must be interoperable with the Custodian’s software. Each of the Customer and the Custodian shall be responsible for the proper functioning, maintenance and security of its own systems, services, software and other equipment.

Crediting of Accounts. With PFPC Trust may in its sole discretion credit an Account L:\MFApps\Docubuilder\N-1 A Filings\April 2006\TPT\C-Pages & Exhibits\Exhibit (g)(1).htm2 with respect to registered United States domestic securities (i.e.income, securities having dividends, distributions, coupons, option premiums, other payments or similar items prior to PFPC Trust’s actual receipt thereof, and in addition PFPC Trust may in its sole discretion credit or debit the assets in an industry CUSIP number), security purchase and sale transactions will be posted to the applicable Account on a contractual settlement date and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date. With respect to foreign securities, security purchase and sale transactions will be posted to the applicable Account on settlement date to the extent that the foreign sub-custodian maintaining such securities hereunder so posts the transaction (and otherwise will be posted on the date such foreign sub-custodian posts the transaction) and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date to the extent that the foreign sub-custodian maintaining such securities hereunder so credits such amounts (and otherwise will be credited on the date such foreign sub-custodian credits such amounts). With respect to transactions or payments not referenced in one of the two preceding sentences, such transactions or payments will be posted or credited to the applicable Account at the time determined by PFPC Trust in its reasonable discretion (but in no event later than the date on which such transaction or payment actually settles). No amount will be credited on payable date with respect to securities any sale, exchange or purchase applicable to the Account; provided that are in defaultnothing herein or otherwise shall require PFPC Trust to make any advances or to credit any amounts until PFPC Trust’s actual receipt thereof. If PFPC Trust credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's ’s actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's ’s actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation PFPC Trust is required to repay to a third party such amounts so credited, or if any asset has been incorrectly credited to an Account, PFPC Trust shall have the absolute right in its sole discretion upon notice to the applicable Fund without demand to reverse any such credit or payment and payment, to debit or deduct the amount of such credit or payment from the Account, and PFPC Trust shall also be entitled without the need for such notice to otherwise pursue recovery of any such amounts so credited from the applicable FundFund to which such Account relates. In addition, notwithstanding the foregoing sentence, if any Property has been incorrectly paid or credited, Each Fund hereby grants to PFPC Trust shall have the absolute right in its sole discretion without demand or prior notice to reverse any such payment or credit, to debit or deduct the amount of any such payment or credit from the applicable Account, and to otherwise pursue recovery of any amounts so paid or credited from the applicable Fund; each sub-custodian utilized by PFPC Trust will give prompt after-the-fact notice (i.e., in connection with providing services to such notice will be given within timeframes that comply with PFPC Trust's standard operating procedures) to the applicable Fund of any such reversal, debit or deduction. Each Fund, on behalf of each of its respective Portfolios, hereby grants a first priority contractual possessory L:\MFApps\Docubuilder\N-1 A Filings\April 2006\TPT\C-Pages & Exhibits\Exhibit (g)(1).htm2 security interest in and a right of setoff against the assets maintained in the Account of a particular Account hereunder Portfolio of the Fund in the amount necessary to secure the return and payment to PFPC Trust and to each such sub-custodian of any advance or credit made by PFPC Trust and/or by such sub-custodian (including charges related thereto) to such Account. Notwithstanding anything in this Agreement to the contrary, PFPC Trust shall be entitled to assign any rights it has under this sub-section (m) with respect to a particular Fund to any sub-custodian utilized by PFPC Trust in connection with providing services to such Fund which sub-custodian makes any credits or advances with respect to such AccountFund.

Crediting of Accounts. With PFPC Trust may in its sole discretion credit an Account L:\MFApps\Docubuilder\N-1 A Filings\February 2006\GEF\C-Pages & Exhibits\Exhibit (g)(1).htm2 with respect to registered United States domestic securities (i.e.income, securities having dividends, distributions, coupons, option premiums, other payments or similar items prior to PFPC Trust’s actual receipt thereof, and in addition PFPC Trust may in its sole discretion credit or debit the assets in an industry CUSIP number), security purchase and sale transactions will be posted to the applicable Account on a contractual settlement date and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date. With respect to foreign securities, security purchase and sale transactions will be posted to the applicable Account on settlement date to the extent that the foreign sub-custodian maintaining such securities hereunder so posts the transaction (and otherwise will be posted on the date such foreign sub-custodian posts the transaction) and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date to the extent that the foreign sub-custodian maintaining such securities hereunder so credits such amounts (and otherwise will be credited on the date such foreign sub-custodian credits such amounts). With respect to transactions or payments not referenced in one of the two preceding sentences, such transactions or payments will be posted or credited to the applicable Account at the time determined by PFPC Trust in its reasonable discretion (but in no event later than the date on which such transaction or payment actually settles). No amount will be credited on payable date with respect to securities any sale, exchange or purchase applicable to the Account; provided that are in defaultnothing herein or otherwise shall require PFPC Trust to make any advances or to credit any amounts until PFPC Trust’s actual receipt thereof. If PFPC Trust credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's ’s actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's ’s actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation PFPC Trust is required to repay to a third party such amounts so credited, or if any asset has been incorrectly credited to an Account, PFPC Trust shall have the absolute right in its sole discretion upon notice to the applicable Fund without demand to reverse any such credit or payment and payment, to debit or deduct the amount of such credit or payment from the Account, and PFPC Trust shall also be entitled without the need for such notice to otherwise pursue recovery of any such amounts so credited from the applicable FundFund to which such Account relates. In addition, notwithstanding the foregoing sentence, if any Property has been incorrectly paid or credited, Each Fund hereby grants to PFPC Trust shall have the absolute right in its sole discretion without demand or prior notice to reverse any such payment or credit, to debit or deduct the amount of any such payment or credit from the applicable Account, and to otherwise pursue recovery of any amounts so paid or credited from the applicable Fund; each sub-custodian utilized by PFPC Trust will give prompt after-the-fact notice (i.e., in connection with providing services to such notice will be given within timeframes that comply with PFPC Trust's standard operating procedures) to the applicable Fund of any such reversal, debit or deduction. Each Fund, on behalf of each of its respective Portfolios, hereby grants a first priority contractual possessory L:\MFApps\Docubuilder\N-1 A Filings\February 2006\GEF\C-Pages & Exhibits\Exhibit (g)(1).htm2 security interest in and a right of setoff against the assets maintained in the Account of a particular Account hereunder Portfolio of the Fund in the amount necessary to secure the return and payment to PFPC Trust and to each such sub-custodian of any advance or credit made by PFPC Trust and/or by such sub-custodian (including charges related thereto) to such Account. Notwithstanding anything in this Agreement to the contrary, PFPC Trust shall be entitled to assign any rights it has under this sub-section (m) with respect to a particular Fund to any sub-custodian utilized by PFPC Trust in connection with providing services to such Fund which sub-custodian makes any credits or advances with respect to such AccountFund.

Crediting of Accounts. With PFPC Trust may in its sole discretion credit an Account with respect to registered United States domestic securities (i.e.income, securities having dividends, distributions, coupons, option premiums, other payments or similar items prior to PFPC Trust's actual receipt thereof, and in addition PFPC Trust may in its sole discretion credit or debit the assets in an industry CUSIP number), security purchase and sale transactions will be posted to the applicable Account on a contractual settlement date and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date. With respect to foreign securities, security purchase and sale transactions will be posted to the applicable Account on settlement date to the extent that the foreign sub-custodian maintaining such securities hereunder so posts the transaction (and otherwise will be posted on the date such foreign sub-custodian posts the transaction) and dividends, interest payments and final principal redemptions will be credited to the applicable Account on payable date to the extent that the foreign sub-custodian maintaining such securities hereunder so credits such amounts (and otherwise will be credited on the date such foreign sub-custodian credits such amounts). With respect to transactions or payments not referenced in one of the two preceding sentences, such transactions or payments will be posted or credited to the applicable Account at the time determined by PFPC Trust in its reasonable discretion (but in no event later than the date on which such transaction or payment actually settles). No amount will be credited on payable date with respect to securities any sale, exchange or purchase applicable to the Account; provided that are in defaultnothing herein or otherwise shall require PFPC Trust to make any advances or to credit any amounts until PFPC Trust's actual receipt thereof; and further provided that PFPC Trust shall promptly notify the Trust of any such credit or debit. If PFPC Trust credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation regulation, PFPC Trust is required to repay to a third party such amounts so credited, or if any Property has been incorrectly credited, PFPC Trust shall have the absolute right in its sole discretion upon notice to the applicable Fund without demand to reverse any such credit or payment and payment, to debit or deduct the amount of such credit or payment from the Account, and PFPC Trust shall also be entitled without the need for such notice to otherwise pursue recovery of any such amounts so credited from the applicable Fund. In addition, notwithstanding the foregoing sentence, if any Property has been incorrectly paid or credited, Trust; provided that PFPC Trust shall have promptly notify the absolute right in its sole discretion without demand or prior notice to reverse any such payment or credit, to debit or deduct the amount of any such payment or credit from the applicable Account, and to otherwise pursue recovery of any amounts so paid or credited from the applicable Fund; PFPC Trust will give prompt after-the-fact notice (i.e., such notice will be given within timeframes that comply with PFPC Trust's standard operating procedures) to the applicable Fund of any such reversal, debit or deduction. Each Fund, on behalf of each of its respective Portfolios, The Trust hereby grants a first priority contractual possessory security interest in and a right of setoff against the assets maintained in a particular an Account hereunder in the amount necessary to secure the return and payment to PFPC Trust of any advance or credit made by PFPC Trust (including charges related thereto) with respect to such Account.