Common use of Delivery of the Property Clause in Contracts

Delivery of the Property. The Fund will deliver or arrange for delivery to PFPC Trust all the assets for which PFPC Trust will serve as custodian under this Agreement. PFPC Trust will not be responsible for any assets until actual receipt. With respect to the 130/30 Equity Core Fund, notwithstanding anything in this Agreement to the contrary PFPC Trust’s responsibilities shall be limited to the cash received by PFPC Trust from time to time from the Fund with respect to such Portfolio (and without limitation of the foregoing limitation of responsibilities set forth in this sentence, PFPC Trust’s responsibilities with respect to the 130/30 Equity Core Fund shall not include activities involving or relating to portfolio securities or other portfolio investment items).