Common use of Custody of Cash and Securities Clause in Contracts

Custody of Cash and Securities. (a) Receipt and Holding of Assets. ------------------------------ The Trust will deliver or cause to be delivered to the Custodian all Securities and monies owned by the Funds, including cash received from the issuance of Shares, at any time during the period of this Agreement. The Custodian will not be responsible for such Securities and monies until actually received by it. The Trust shall instruct the Custodian from time to time in its sole discretion, by means of Written Instructions, or, in connection with the purchase or sale of Money Market Securities, by means of Oral Instructions or Written Instructions, as to the manner in which and in what amounts Securities and monies are to be deposited on behalf of the Funds in the Book-Entry System or a Depository and specifically allocated on the books of the Custodian to the Funds; provided, however, that prior to the initial deposit of Securities of the Funds in the Book-Entry System or a Depository, including a deposit connection with the settlement of a purchase or sale, the Custodian shall have received a Certificate or Written Instructions specifically approving such deposits by the Custodian in the Book-Entry System or a Depository. Securities and monies of the Funds deposited in the Book-Entry System or the Depository will be represented in accounts which include only assets held by the Custodian for customers, including but not limited to accounts which the Custodian acts in a fiduciary or representative capacity.

Custody of Cash and Securities. (a) Receipt and Holding of Assets. ------------------------------ ----------------------------- The Trust Fund will deliver or cause to be delivered to the Custodian all Securities and monies owned by the Funds, including cash received from the issuance of Shares, it at any time during the period of this Agreement. The Custodian will not be responsible for such Securities and monies until actually received by it. The Trust Fund shall instruct the Custodian from time to time in its sole discretion, by means of Written Instructions, or, in connection with the purchase or sale of Money Market Securities, by means of Oral Instructions confirmed in writing in accordance with Section 11(h) hereof or Written Instructions, as to the manner in which and in what amounts Securities and monies are to be deposited on behalf of the Funds Fund in the Book-Entry System or a Depository and specifically allocated on the books of the Custodian to the FundsDepository; provided, however, that prior to the initial deposit of Securities of the Funds Fund in the Book-Entry System or a the Depository, including a deposit in connection with the settlement of a purchase or sale, the Custodian shall have received a Certificate or Written Instructions specifically approving such deposits by the Custodian in the Book-Entry System or a the Depository. Securities and monies of the Funds Fund deposited in the Book-Entry System or the Depository will be represented in accounts which include only assets held by the Custodian for customers, including but not limited to accounts for which the Custodian acts in a fiduciary or representative capacity.

Custody of Cash and Securities. (a) Receipt and Holding of Assets. ------------------------------ The Trust Company will deliver or cause to be delivered to the Custodian and the Sub-Custodians all Securities and monies owned by the Funds, including cash received from the issuance of Shares, Portfolio at any time during the period of this AgreementAgreement and shall specify the Portfolio to which the Securities and monies are to be specifically allocated. The Custodian will not be responsible for such Securities and monies until actually received by itit or by a Sub-Custodian. The Trust Company shall instruct the Custodian from time to time in its sole discretion, by means of Written Instructions, or, in connection with the purchase or sale of Money Market Securities, by means of Oral Instructions or Written Instructions, as to the manner in which and in what amounts Securities Securities, and monies of the Portfolio are to be deposited on behalf of the Funds Portfolio in the Book-Entry System or a Depository and specifically allocated on the books of the Custodian to the FundsDepository; provided, however, that prior to the initial deposit of Securities of the Funds Portfolio in the Book-Entry System or a Depository, including a deposit in connection with the settlement of a purchase or sale, the Custodian shall have received a Certificate or Written Instructions specifically approving such deposits by the Custodian or a Sub-Custodian in the Book-Entry System or a Depository. Securities and monies of the Funds Portfolio deposited in the Book-Entry System or the a Depository will be represented deposited in accounts which include only assets held by the Custodian for its customers, including but not limited to accounts which the Custodian acts in a fiduciary or representative capacity.

Custody of Cash and Securities. (a) Receipt and Holding of AssetsRECEIPT AND HOLDING OF ASSETS. ------------------------------ ----------------------------- The Trust Fund will deliver or cause to be delivered to the Custodian all Securities and monies owned by the Funds, including cash received from the issuance of Shares, it at any time during the period of this Agreement. The Custodian will not be responsible for such Securities and monies until actually received by it. The Trust Fund shall instruct the Custodian from time to time in its sole discretion, by means of Written Instructions, or, in connection with the purchase or sale of Money Market Securities, by means of Oral Instructions confirmed in writing in accordance with Section 11(h) hereof or Written Instructions, as to the manner in which and in what amounts Securities and monies are to be deposited on behalf of the Funds Fund in the Book-Entry System or a Depository and specifically allocated on the books of the Custodian to the FundsDepository; provided, however, that prior to the initial deposit of Securities of the Funds Fund in the Book-Entry System or a the Depository, including a deposit in connection with the settlement of a purchase or sale, the Custodian shall have received a Certificate or Written Instructions specifically approving such deposits by the Custodian in the Book-Entry System or a the Depository. Securities and monies of the Funds Fund deposited in the Book-Entry System or the Depository will be represented in accounts which include only assets held by the Custodian for customers, including but not limited to accounts for which the Custodian acts in a fiduciary or representative capacity.

Custody of Cash and Securities. (a) Receipt and Holding of AssetsRECEIPT AND HOLDING OF ASSETS. ------------------------------ The Trust Fund will deliver or cause to be delivered to the Custodian all Securities and monies owned by the Funds, including cash received from the issuance of Shares, Fund at any time during the period of this Agreement. The Custodian will not be responsible for such Securities and monies until actually received by it. The Trust Fund shall instruct the Custodian from time to time in its sole discretion, by means of Written Instructions, or, in connection with the purchase or sale of Money Market Securities, by means of Oral Instructions or Written Instructions, as to the manner in which and in what amounts Securities and monies are to be deposited on behalf of the Funds Fund in the Book-Entry System or a Depository and specifically allocated on the books of the Custodian to the FundsDepository; provided, however, that prior to the initial deposit of Securities of the Funds Fund in the Book-Entry System or a the Depository, including a deposit in connection with the settlement of a purchase or sale, the Custodian shall have received a Certificate or Written Instructions specifically approving such deposits by the Custodian in the Book-Entry System or a the Depository. Securities and monies of the Funds Fund deposited in the Book-Entry System or the Depository will be represented in accounts which include only assets held by the Custodian for customers, including but not limited to accounts which the Custodian acts in a fiduciary or representative capacity.