Common use of Instructions Clause in Contracts

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board board of Directors directors or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions; provided that PFPC Trust shall not take any action relating to any investments in or holdings of any Portfolio Funds except upon Written Instructions that are given and confirmed in such manner as PFPC Trust may from time to time determine. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund Funds or of any vote, resolution or proceeding of the each Fund's ’s Governing Board of Directors or of the Fund's shareholdersMembers, as applicable, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees Funds agree to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust BNYM shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust BNYM shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust BNYM to be an Authorized Person) pursuant to this Agreement. PFPC Trust BNYM may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the a Fund's ’s Board of Directors Trustees or of the a Fund's ’s shareholders, unless and until PFPC Trust BNYM receives Written Instructions to the contrary. (c) The Fund Administrator agrees to forward to PFPC Trust BNYM Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust BNYM or its affiliates) so that PFPC Trust BNYM receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust BNYM or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's BNYM’s ability to rely upon such Oral Instructions. Where ; provided, however, that to the extent that Oral Instructions or differ from confirming Written Instructions, BNYM shall make all commercially reasonable efforts to promptly reconcile the differing Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this AgreementAdministrator.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PNC Bank shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust PNC Bank shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PNC Bank to be an Authorized Person) pursuant to this Agreement. PFPC Trust PNC Bank may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholders, unless and until PFPC Trust PNC Bank receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust PNC Bank Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust PNC Bank or its affiliates) so that PFPC Trust PNC Bank receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions PNC Bank shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust PNC Bank shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPNC Bank's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PFD shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust PFD shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PFD to be an Authorized Person) pursuant to this Agreement. PFPC Trust PFD may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors or Trustees or of the Fund's shareholders, unless and until PFPC Trust PFD receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust PFD Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust PFD receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust PFD or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFD's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust PFD shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFD's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PNC shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust PNC shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PNC to be an Authorized Person) pursuant to this Agreement. PFPC Trust PNC may reasonably assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board Funds’ Boards of Directors Trustees or of the Fund's Funds’ shareholders, unless and until PFPC Trust PNC receives Written Instructions to the contrary. (c) The Fund agrees VP Distributors and the Funds agree, as applicable, to forward to PFPC Trust PNC Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust PNC or its affiliates) so that PFPC Trust PNC receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions PNC shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust PNC shall incur no liability to VP Distributors or the Fund Funds in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's PNC’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's ’s shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's PFPC’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon in conformance with such Oral Instructions or Written Instructions provided that PFPC Trust's PFPC’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this AgreementAppendix, PFPC Trust ICC shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust . ICC shall be entitled to rely upon any Oral Instruction or and Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust ICC to be an Authorized Person) pursuant to this Agreement. PFPC Trust ICC may assume that any Oral Instructions or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents the Fund's Articles of Incorporation, the Fund Master Services Agreement, or any Appendix attached thereto, or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) . The Fund agrees to forward to PFPC Trust ICC Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust ICC receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions ICC shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where The Fund further agrees that ICC shall incur no liability to the Fund in acting upon Oral Instructions or Written Instructions provided such instructions reasonably appear to have been received from an Authorized Person. If ICC is in doubt as to any action it should or should not take, PFPC Trust ICC may request directions or advice, including Oral or Written Instructions, from the Fund. ICC shall incur no liability to the Fund be protected in acting any action it takes or does not take in reliance upon such directions, advice or Oral Instructions or Written Instructions provided that PFPC Trust's actions comply it receives from the Fund or from counsel and which ICC believes, in good faith, to be consistent with those directions, advice or Oral of Written Instructions. Notwithstanding the foregoing, ICC shall have no obligation (i) to seek such directions, advice or Oral or Written Instructions, or (ii) to act in accordance with such directions, advice or Oral or Written Instructions unless, under the terms of other provisions of this AgreementAppendix, the same is a condition of ICC's properly taking or not taking such action.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the any Fund or of this Agreement or with any vote, resolution or proceeding of the any Fund's ’s Board of Trustees, Board of Directors or similar governing entity or of the any Fund's ’s shareholders, unless and until PFPC Trust receives Written Instructions relating to a particular Fund to the contrary. (c) The Each Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same New York Stock Exchange business day that such (i.e., a day on which the New York Stock Exchange is open for trading) immediately following the day on which the Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust BNY Mellon shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust BNY Mellon shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust BNY Mellon to be an Authorized Person) pursuant to this Agreement. PFPC Trust BNY Mellon may reasonably assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors or of the Fund's ’s shareholders, unless and until PFPC Trust BNY Mellon receives Written Instructions to the contrary. (c) The Fund agrees agrees, as applicable, to forward to PFPC Trust BNY Mellon Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust BNY Mellon or its affiliates) so that PFPC Trust BNY Mellon receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions BNY Mellon shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust BNY Mellon shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's BNY Mellon’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholdersShareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions given on behalf of the Fund (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholdersShareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust BNYM shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust BNYM shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust BNYM to be an Authorized Person) pursuant to this Agreement. PFPC Trust BNYM may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution resolution, or proceeding of the a Fund's ’s Board of Directors Trustees or of the a Fund's ’s shareholders, unless and until PFPC Trust BNYM receives Written Instructions to the contrary. (c) The Fund Administrator agrees to forward to PFPC Trust BNYM Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust BNYM or its affiliatesAffiliates) so that PFPC Trust BNYM receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust BNYM or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's BNYM’s ability to rely upon such Oral Instructions. Where ; provided, however, that to the extent that Oral Instructions or differ from confirming Written Instructions, BNYM shall make all commercially reasonable efforts to promptly reconcile the differing Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this AgreementAdministrator.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC SEI Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC SEI Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC SEI Trust to be an Authorized Person) pursuant to this Agreement. PFPC SEI Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board board of Directors directors or of the Fund's shareholdersmembers, unless and until PFPC SEI Trust receives Written Instructions to the contrary, SEI Trust has actual knowledge to the contrary, or such Oral Instructions or Written Instructions are not the type of Oral Instructions or Written Instructions that an Authorized Person is authorized to give and the Fund has given SEI Trust written notice of the relevant limitation on the types of Oral Instructions or Written Instructions that such Authorized Person is authorized to give and such Oral Instructions or Written Instructions are clearly not with such authorized types. (c) The Fund agrees to forward to PFPC SEI Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC SEI Trust or its affiliates) so that PFPC SEI Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are receivedreceived by SEI Trust. The fact that such confirming Written Instructions are not received by PFPC SEI Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC SEI Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust BNY Mellon shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust BNY Mellon shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust BNY Mellon to be an Authorized Person) pursuant to this Agreement. PFPC Trust BNY Mellon may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust BNY Mellon receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust BNY Mellon Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust BNY Mellon receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions BNY Mellon shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust BNY Mellon shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustBNY Mellon's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PNC Bank shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust PNC Bank shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PNC Bank to be an Authorized Person) pursuant to this Agreement. PFPC Trust PNC Bank may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust PNC Bank receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust PNC Bank Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust PNC Bank or its affiliates) so that PFPC Trust PNC Bank receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions PNC Bank shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust PNC Bank shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPNC Bank's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) . PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this AgreementPerson listed on the then current Authorized Persons Appendix). In the exercise of reasonable judgement, PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational governing documents of the a Fund or this Agreement or of any vote, resolution or proceeding of the relating to a Fund's Board of Directors or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The . Each Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are receivedreceived (provided that Oral Instructions transmitted by means of e-mail do not need to be so confirmed). The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where PFPC shall promptly notify the Fund providing such confirming Written Instructions of any differences between the Oral Instructions and the confirming Written Instructions. Each Fund further agrees that PFPC shall incur no liability to the Fund for relying upon Oral or Written Instructions provided such instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to Person listed on the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreementthen current Authorized Persons Appendix.

Instructions. (a) A. Unless otherwise provided in this Agreement, PFPC Trust Distributor shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust B. Distributor shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributor to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributor may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of the Fund’s organizational documents of the Fund or of this Agreement or with any vote, resolution or proceeding of the Fund's ’s Board of Directors or of the any Fund's ’s shareholders, unless and until PFPC Trust Distributor receives Written Instructions to the contrary. (c) C. The Fund agrees to forward to PFPC Trust Distributor Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributor receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributor or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributor’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributor shall incur no liability to the Fund or any Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributor’ actions comply with the other provisions of this Agreement. D. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, Distributor shall incur no liability to the Fund or any Fund in acting upon such Oral Instructions or Written Instructions provided that Distributor’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributors shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributors shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributors to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributors may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors or Trustees or of the Fund's shareholders, unless and until PFPC Trust Distributors receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Distributors Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributors receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributors or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributors' ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributors shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributors' actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholdersShareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PNC Bank shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust PNC Bank shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PNC Bank to be an Authorized Person) pursuant to this Agreement. PFPC Trust PNC Bank may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust PNC Bank receives Written Instructions to the contrary. (c) The Fund agrees Custodian and the Fund, as applicable, agree to forward to PFPC Trust PNC Bank Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust PNC Bank or its affiliates) so that PFPC Trust PNC Bank receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions PNC Bank shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust PNC Bank shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPNC Bank's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's ’s shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's ’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC SEI Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC SEI Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC SEI Trust to be an Authorized Person) pursuant to this Agreement. PFPC SEI Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board ’s board of Directors directors or of the Fund's shareholders’s members, unless and until PFPC SEI Trust receives Written Instructions to the contrary, SEI Trust has actual knowledge to the contrary, or such Oral Instructions or Written Instructions are not the type of Oral Instructions or Written Instructions that an Authorized Person is authorized to give and the Fund has given SEI Trust written notice of the relevant limitation on the types of Oral Instructions or Written Instructions that such Authorized Person is authorized to give and such Oral Instructions or Written Instructions are clearly not with such authorized types. (c) The Fund agrees to forward to PFPC SEI Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC SEI Trust or its affiliates) so that PFPC SEI Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are receivedreceived by SEI Trust. The fact that such confirming Written Instructions are not received by PFPC SEI Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC SEI Trust's ’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund Organizational Documents or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors directors or of the Fund's shareholdersMembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions as promptly as practicable and in any event by the close of business on the same day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Trust ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Trust actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholdersShareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Highland agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to Highland or the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributors shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributors shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributors to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributors may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholdersInterestholders, unless and until PFPC Trust Distributors receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Distributors Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributors receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributors or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributors' ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributors shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions Instructions; provided that PFPC Trust's Distributors' actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors directors or of the Fund's shareholdersmembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions given on behalf of the Fund (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Managers or of the Fund's shareholdersMembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund Organizational Documents or this Agreement or of any vote, resolution resolution, or proceeding of the Fund's Board of Directors directors or of the Fund's shareholdersMembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions as promptly as practicable and in any event by the close of business on the same day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust a. JNAM shall be entitled deemed to rely have received Instructions (as that term is used herein) upon any Oral Instruction receipt of written instructions (including receipt by facsimile), which may be continuing instructions, signed by one or Written Instruction it receives more persons the Managers shall have from an Authorized Person (time to time authorized to give the particular class of Instructions in question. Different persons may be authorized to give Instructions for different purposes, and Instructions may be general or from specific in terms. A certified copy of a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any votebylaw, resolution or proceeding action of the Fund's Board of Directors or Managers of the Fund's shareholders, unless Variable Fund may be received and accepted by JNAM as conclusive evidence of the authority of any such persons to act and may be considered to be in full force and effect until PFPC Trust receives Written Instructions receipt of written notice (or oral notice followed by written confirmation within seven days) to the contrary. b. One or more designated persons may be authorized to issue oral (csuch term as used herein including, without limitation, telephoned) The instructions, specifying the type or types of instructions that may be so issued, in which case the Variable Fund agrees shall deliver to forward JNAM resolutions of the Managers to PFPC Trust Written such effect. Such oral instructions shall promptly be confirmed in writing to JNAM. Such instructions when given in accordance with the provisions hereof and with such resolutions shall be deemed Instructions confirming Oral hereunder. In the case of conflict between oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliatesa person designated in the resolution of the Managers referred to in the first sentence of this subparagraph (b) so that PFPC Trust receives and any written Instructions, the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not most recently received by PFPC Trust JNAM shall prevail following such receipt, and in case of conflict between oral Instructions given by a person designated in such resolution and any written confirmation or differ from the Oral Instructions purported confirmation of oral Instructions, such written confirmation or purported confirmation shall in no way invalidate the transactions or enforceability of the transactions authorized prevail following receipt thereof by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions JNAM; provided that PFPC Trustany transaction initiated by JNAM pursuant to such oral Instructions, may, but need not, be completed by JNAM notwithstanding JNAM's actions comply with the other provisions receipt of this Agreementconflicting subsequent Instructions hereunder or written confirmation or purported confirmation of oral Instructions hereunder subsequent to JNAM's initiation of such transaction.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund Partnership or of any vote, resolution or proceeding of the FundPartnership's Board of Directors directors or of the FundPartnership's shareholderslimited partners, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Partnership agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund Partnership in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust BNY shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust BNY shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust BNY to be an Authorized Person) pursuant to this Agreement. PFPC Trust BNY may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's shareholders’s Shareholders, unless and until PFPC Trust BNY receives Written Instructions to the contrary. (c) The Fund Highland agrees to forward to PFPC Trust BNY Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust BNY or its affiliates) so and shall endeavor to ensure that PFPC Trust BNY receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions BNY shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust BNY shall incur no liability to Highland or the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's BNY’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributors shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributors shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributors to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributors may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholdersShareholders, unless and until PFPC Trust Distributors receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Distributors Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributors receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributors or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributors' ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributors shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributors' actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's shareholders’s Shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's PFPC’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PNC Bank shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust PNC Bank shall be entitled to rely upon any Oral Instruction or and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PNC Bank to be an Authorized Person) pursuant to this Agreement. PFPC Trust PNC Bank may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust PNC Bank Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust PNC Bank or its affiliates) so that PFPC Trust PNC Bank receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions PNC Bank shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust PNC Bank shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPNC Bank's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust BNY Mellon shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust BNY Mellon shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust BNY Mellon to be an Authorized Person) pursuant to this Agreement. PFPC Trust BNY Mellon may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors or Trustees or of the Fund's ’s shareholders, unless and until PFPC Trust BNY Mellon receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust BNY Mellon Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust BNY Mellon or its affiliates) so that PFPC Trust BNY Mellon receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust BNY Mellon or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's BNY Mellon’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust the Distributor shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust The Distributor shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust the Distributor to be an Authorized Person) pursuant to this Agreement. PFPC Trust , the Distributor may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Trust’s Board of Directors Trustees or of the Fund's Trust’s shareholders, unless and until PFPC Trust the Distributor receives Written Instructions to the contrary. (c) The Fund Trust agrees to forward to PFPC Trust the Distributor Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust the Distributor receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust the Distributor or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's the Distributor’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust the Distributor shall incur no liability to the Fund Trust in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's the Distributor’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund Partnership or of any vote, resolution or proceeding of the Fund's Board of Directors [Directors/Trustees] or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Partnership agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund Organizational Documents or this Agreement or of any vote, resolution or proceeding of the FundPartnership's Board of Directors directors or of the Fund's shareholdersLimited Partners, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Partnership agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions as promptly as practicable and in any event by the close of business on the same day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund Partnership in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of documents, the Fund Administration Agreement or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The RSMC or the Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to RSMC or the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund Company or of any vote, resolution or proceeding of the FundCompany's Board of Directors Managers or of the FundCompany's shareholdersmembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Company agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions given on behalf of the Company (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund Company in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors directors or of the Fund's shareholdersmembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Directors/Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions as promptly as practicable and in any event by the close of business on the same day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributor shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributor shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributor to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributor may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of the Trust’s organizational documents of the Fund or of this Agreement or with any vote, resolution or proceeding of the Fund's Trust’s Board of Directors Trustees or of the any Fund's ’s shareholders, unless and until PFPC Trust Distributor receives Written Instructions to the contrary. (c) The Fund Trust agrees to forward to PFPC Trust Distributor Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributor receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributor or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributor’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributor shall incur no liability to the Trust or any Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributor’ actions comply with the other provisions of this Agreement. (d) Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, Distributor shall incur no liability to the Trust or any Fund in acting upon such Oral Instructions or Written Instructions provided that Distributor’s actions comply with the other provisions of this Agreement.

Instructions. (a) A. Unless otherwise provided in this Agreement, PFPC Trust Distributor shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust B. Distributor shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributor to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributor may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of the Trust’s organizational documents of the Fund or of this Agreement or with any vote, resolution or proceeding of the Fund's Trust’s Board of Directors Trustees or of the any Fund's shareholders, unless and until PFPC Trust Distributor receives Written Instructions to the contrary. (c) C. The Fund Trust agrees to forward to PFPC Trust Distributor Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributor receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributor or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributor’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributor shall incur no liability to the Trust or any Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributor’ actions comply with the other provisions of this Agreement. D. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, Distributor shall incur no liability to the Trust or any Fund in acting upon such Oral Instructions or Written Instructions provided that Distributor’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributors shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributors shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributors to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributors may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust Distributors receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Distributors Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributors receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributors or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributors' ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributors shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributors' actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Bank of America shall cause the Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliatesPFPC) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to Bank of America or the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors directors or of the Fund's shareholdersmembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received, provided that in any event PFPC Trust shall be entitled to rely on such Oral Instructions. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors directors or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust BNY Mellon shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust BNY Mellon shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust BNY Mellon to be an Authorized Person) pursuant to this Agreement. PFPC Trust BNY Mellon may reasonably assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors or of the Fund's ’s shareholders, unless and until PFPC Trust BNY Mellon receives Written Instructions to the contrary. (c) The Fund agrees VFS agrees, as applicable, to forward to PFPC Trust BNY Mellon Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust BNY Mellon or its affiliates) so that PFPC Trust BNY Mellon receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions BNY Mellon shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust BNY Mellon shall incur no liability to VFS or the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's BNY Mellon’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust JNAM shall be entitled deemed to rely have received Instructions (as that term is used herein) upon any Oral Instruction receipt of written instructions (including receipt by facsimile), which may be continuing instructions, signed by one or Written Instruction it receives more persons the Trustees shall have from an Authorized Person (time to time authorized to give the particular class of Instructions in question. Different persons may be authorized to give Instructions for different purposes, and Instructions may be general or from specific in terms. A certified copy of a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any votebylaw, resolution or proceeding action of the Fund's Board of Directors or Trustees of the Fund's shareholders, unless Trust may be received and accepted by JNAM as conclusive evidence of the authority of any such persons to act and may be considered to be in full force and effect until PFPC Trust receives Written Instructions receipt of written notice (or oral notice followed by written confirmation within seven days) to the contrary. (cb) The Fund agrees One or more designated persons may be authorized to forward issue oral (such term as used herein including, without limitation, telephoned) instructions, specifying the type or types of instructions that may be so issued, in which case the Trust shall deliver to PFPC Trust Written JNAM resolutions of the Trustees to such effect. Such oral instructions shall promptly be confirmed in writing to JNAM. Such instructions when given in accordance with the provisions hereof and with such resolutions shall be deemed Instructions confirming Oral hereunder. In the case of conflict between oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliatesa person designated in the resolution of the Trustees referred to in the first sentence of this subparagraph (b) so that PFPC Trust receives and any written Instructions, the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not most recently received by PFPC Trust JNAM shall prevail following such receipt, and in case of conflict between oral Instructions given by a person designated in such resolution and any written confirmation or differ from the Oral Instructions purported confirmation of oral Instructions, such written confirmation or purported confirmation shall in no way invalidate the transactions or enforceability of the transactions authorized prevail following receipt thereof by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions JNAM; provided that PFPC Trust's actions comply with the other provisions any transaction initiated by JNAM pursuant to such oral Instructions, may, but need not, be completed by JNAM notwithstanding JNAM’s receipt of this Agreementconflicting subsequent Instructions hereunder or written confirmation or purported confirmation of oral Instructions hereunder subsequent to JNAM’s initiation of such transaction.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund Organizational Documents or this Agreement or of any vote, resolution or proceeding of the a Fund's Board of Directors directors, Managers, General Partner, or of the Fund's shareholdersMembers, unless and until PFPC Trust receives Written Instructions to the contrary, unless PFPC has actual knowledge to the contrary. (c) The Fund agrees CSFBAC and each Fund, as appropriate, agree to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions as promptly as practicable and in any event by the close of business on the same day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Without prejudice to the foregoing, where PFPC is aware of a material discrepancy between Oral Instructions and confirming Written Instructions, PFPC shall promptly notify CSFBAC or the Fund, as appropriate, of such discrepancy. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to CSFBAC or the Fund Fund, as appropriate, in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) a. Unless otherwise provided in this Agreement, PFPC Trust Professional Funds Distributor shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust b. Professional Funds Distributor shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Professional Funds Distributor to be an Authorized Person) pursuant to this Agreement. PFPC Trust Professional Funds Distributor may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust Professional Funds Distributor receives Written Instructions to the contrary. (c) c. The Fund agrees to forward to PFPC Trust Professional Funds Distributor Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Professional Funds Distributor receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Professional Funds Distributor or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustProfessional Funds Distributor's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Professional Funds Distributor shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustProfessional Funds Distributor's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PNC shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust PNC shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PNC to be an Authorized Person) pursuant to this Agreement. PFPC Trust PNC may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's ’s shareholders, unless and until PFPC Trust PNC receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust PNC Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust PNC or its affiliates) so that PFPC Trust PNC receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust PNC or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's PNC’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund Trust or of any vote, resolution or proceeding of the FundTrust's Board of Directors Trustees or of the a Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Trust on behalf of each Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund Trust or of any vote, resolution or proceeding of the FundTrust's Board of Directors Trustees or of the FundTrust's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Trust agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same business day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund Trust in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of the Trust's organizational documents of the Fund or of any vote, resolution or proceeding of the FundTrust's Board of Directors Trustees or of the FundTrust's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Trust agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same business day that after such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund Trust in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PNC Bank shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust PNC Bank shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PNC Bank to be an Authorized Person) pursuant to this Agreement. PFPC Trust PNC Bank may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholders, unless and until PFPC Trust PNC Bank receives Written Instructions to the contrary. (c) The Fund agrees Custodian and the Fund, as applicable, agree to forward to PFPC Trust PNC Bank Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust PNC Bank or its affiliates) so that PFPC Trust PNC Bank receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions PNC Bank shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust PNC Bank shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPNC Bank's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where If the Written Instructions differ from the Oral Instructions, any actions that PFPC takes or omits based on the Oral Instructions or before PFPC has a reasonable opportunity to act on the Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreementbe valid and enforceable.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributors shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributors shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributors to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributors may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust Distributors receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Distributors Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributors receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributors or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributors' ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributors shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributors' actions comply with the other provisions of this Agreement. If the Written Instructions differ from the Oral Instructions, any actions that PFPC Distributors takes or omits based on the Oral Instructions before PFPC Distributors has a reasonable opportunity to act on the Written Instructions shall be valid and enforceable.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders’s Shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions given on behalf of the Fund (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's ’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund Trust Agreement or this Agreement or of any vote, resolution or proceeding of the Fund's Trust’s Board of Directors or of the Fund's shareholders, Trustees unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Trust agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund Trust in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's PFPC’s actions comply with the other provisions of this Agreement.

Instructions. (a) A. Unless otherwise provided in this Agreement, PFPC Trust Distributor shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust B. Distributor shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributor to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributor may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of the Funds’ organizational documents of the Fund or of this Agreement or with any vote, resolution or proceeding of the Fund's Board Funds’ Boards of Directors or of the any Fund's ’s shareholders, unless and until PFPC Trust Distributor receives Written Instructions to the contrary. (c) The C. Each Fund agrees to forward to PFPC Trust Distributor Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributor receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributor or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributor’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributor shall incur no liability to the any Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributor’ actions comply with the other provisions of this Agreement. D. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, Distributor shall incur no liability to any Fund in acting upon such Oral Instructions or Written Instructions provided that Distributor’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust CJM Asset Management shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust CJM Asset Management shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust CJM Asset Management to be an Authorized Person) pursuant to this Agreement. PFPC Trust CJM Asset Management may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholdersMembers, unless and until PFPC Trust CJM Asset Management receives Written Instructions to the contrary. (c) The Fund agrees to use its best efforts to forward to PFPC Trust CJM Asset Management Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust CJM Asset Management receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions CJM Asset Management shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust CJM Asset Management shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustCJM Asset Management's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Professional Funds Distributor shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Professional Funds Distributor shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Professional Funds Distributor to be an Authorized Person) pursuant to this Agreement. PFPC Trust Professional Funds Distributor may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust Professional Funds Distributor receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Professional Funds Distributor Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Professional Funds Distributor receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Professional Funds Distributor or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustProfessional Funds Distributor's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Professional Funds Distributor shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustProfessional Funds Distributor's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where If the Written Instructions differ from the Oral Instructions, any actions that PFPC Trust takes or omits based on the Oral Instructions or before PFPC Trust has a reasonable opportunity to act on the Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreementbe valid and enforceable.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with law, regulation, market practice, the provisions of organizational documents of the Fund Fund, or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's ’s shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliatesa subsidiary of PNC Global Investment Servicing Inc.) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The Each confirmation is to be clearly marked “Confirmation.” Although PFPC Trust will attempt to notify the Fund if confirming Written Instructions do not conform to the Oral Instructions, the fact that such confirming Written Instructions are not timely received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ’s ability to rely completely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees Custodian and the Fund, as applicable, agree to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's shareholders’s Shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's PFPC’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust PNC Bank shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust PNC Bank shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust PNC Bank to be an Authorized Person) pursuant to this Agreement. PFPC Trust PNC Bank may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund Partnership or of any vote, resolution or proceeding of the FundPartnership's Board of General Partner, Directors or of the Fund's shareholdersShareholders, unless and until PFPC Trust PNC Bank receives Written Instructions to the contrary. (c) The Fund Partnership agrees to forward to PFPC Trust PNC Bank Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust PNC Bank or its affiliates) so that PFPC Trust PNC Bank receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall PNC Bank in no way shall invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust PNC Bank shall incur no liability to the Fund Partnership in acting upon such Oral Instructions or Written Instructions Instructions, provided that PFPC TrustPNC Bank's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC SEI Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC SEI Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC SEI Trust to be an Authorized Person) pursuant to this Agreement. PFPC SEI Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Managers or of the Fund's shareholdersmembers, unless and until PFPC SEI Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC SEI Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC SEI Trust or its affiliates) so that PFPC SEI Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are receivedreceived by SEI Trust. The fact that such confirming Written Instructions are not received by PFPC SEI Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC SEI Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC if SEI Trust receives confirming Written Instructions that differ from SEI Trust's actions comply with understanding of the other provisions of this AgreementOral Instructions and SEI Trust is in a position to correct the transaction or transactions to conform to the confirming Written Instructions without assuming liability, SEI Trust will reasonably attempt to make reasonable appropriate corrections to conform to the Written Instructions, but in no event shall SEI assume any liability for its failure to do so for any reason.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributor shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributor shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributor to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributor may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of the Trust’s organizational documents of the Fund or of this Agreement or with any vote, resolution or proceeding of the Fund's Trust’s Board of Directors Trustees or of the any Fund's shareholders, unless and until PFPC Trust Distributor receives Written Instructions to the contrary. (c) The Fund Trust agrees to forward to PFPC Trust Distributor Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributor receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributor or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributor’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributor shall incur no liability to the Trust or any Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributor’ actions comply with the other provisions of this Agreement. (d) Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, Distributor shall incur no liability to the Trust or any Fund in acting upon such Oral Instructions or Written Instructions provided that Distributor’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Administrator shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Administrator shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Administrator to be an Authorized Person) pursuant to this Agreement. PFPC Trust Administrator may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholders, unless and until PFPC Trust Administrator receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Administrator Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust Administrator or its affiliates) so that PFPC Trust Administrator receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Administrator or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustAdministrator's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Administrator shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustAdministrator's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written InstructionsInstructions including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the FundCompany's Board of Directors Managers or of the FundCompany's shareholdersMembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Company agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund Company in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's shareholders’s Shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Highland agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to Highland or the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's PFPC’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall BNY Mellon will act only upon Oral Instructions or Written Instructions. (b) PFPC Trust BNY Mellon shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust BNY Mellon to be an Authorized Person) pursuant to this Agreement. PFPC Trust BNY Mellon may assume that any Oral Instructions or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of the Company’s organizational documents of the Fund or of this Agreement or with any vote, resolution or proceeding of the Fund's Company’s Board of Trustees or Directors or of the any Fund's ’s shareholders, unless and until PFPC Trust BNY Mellon receives Written Instructions to the contrary. (c) The Fund Upon the request of BNY Mellon, the Company agrees to forward to PFPC Trust BNY Mellon Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are receivedInstructions. The fact that such confirming Written Instructions are not received by PFPC Trust BNY Mellon or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's BNY Mellon’s ability to rely upon such Oral Instructions. . (e) Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust BNY Mellon shall incur no liability to the Company or any Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's BNY Mellon’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Board, or of the Fund's shareholders, Members unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way shall invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's ’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund Funds or of any vote, resolution or proceeding of the Fund's Board of Directors Funds' directors or of the Fund's shareholdersFunds' members, unless and until PFPC Trust receives Written Instructions to the contrary, PFPC Trust has actual knowledge to the contrary, or such Oral or Written Instructions are outside the scope of the authority of the Authorized Person giving the instructions and the Funds have previously given PFPC Trust written notice of the relevant limitation on such Authorized Person's authority and such Oral or Written Instructions clearly exceed such Authorized Person's authority. (c) The Fund agrees Funds agree to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributors shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributors shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributors to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributors may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors or Trustees or of the Fund's shareholders, unless and until PFPC Trust Distributors receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Distributors Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributors receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributors or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributors’ ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributors shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributors’ actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written InstructionsInstructions and any other relevant information in the possession of the Administrator or the Escrow Agent that has been received by PFPC Trust. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to in accordance with this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors or of the Fund's shareholdersmembers, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same business day following the day that such Oral Instructions are receivedreceived as designated by the Fund. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions pending receipt of Written Instructions. Where ; provided that PFPC Trust shall immediately notify the Fund and the Manager of any discrepancies between any Oral Instructions and the Written Instructions which purport to confirm those Oral Instructions, and indicate whether it acted in accordance with the Oral Instructions or the later Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this AgreementInstructions.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Autho­rized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may L:\MFApps\Docubuilder\N-1 A Filings\February 2006\GEF\C-Pages & Exhibits\Exhibit (g)(2).htm assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the any Fund or of this Agreement or with any vote, resolution or proceeding of the any Fund's Board of Trustees, Board of Directors or similar governing entity or of the any Fund's shareholders, unless and until PFPC Trust receives Written Instructions relating to a particular Fund to the contrary. (c) The Each Fund agrees to forward to PFPC Trust Written Instructions Instruc­tions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same New York Stock Exchange business day that such (i.e., a day on which the New York Stock Exchange is open for trading) immediately following the day on which the Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with such Oral or Written Instructions and the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust Distributors shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust Distributors shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust Distributors to be an Authorized Person) pursuant to this Agreement. PFPC Trust Distributors may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors or Trustees or of the Fund's ’s shareholders, unless and until PFPC Trust Distributors receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Distributors Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust Distributors receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust Distributors or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's Distributors’ ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust Distributors shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's Distributors’ actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors directors or of the Fund's shareholders, Members unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way shall invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions. PFPC agrees to notify the Fund promptly if confirming Written Instructions are not timely received or PFPC Trust's ability to rely upon if they differ from such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund Trust’s Trust Agreement or this Agreement or of any vote, resolution or proceeding of the Fund's Trust’s Board of Directors or of the Fund's shareholders, Trustees unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund Highland agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to Highland or the Fund Trust in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's PFPC’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions, including standing Written Instructions related to ongoing instructions received electronically. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors or of the Fund's shareholders’s Shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so and shall endeavor to ensure that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's ’s actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors or Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC TrustPFPC's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the FundPortfolio's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or and Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Instructions and Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The E*TRADE Asset Management and the Fund agrees agree to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to E*TRADE Asset Management or the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC TrustPFPC's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions or Written Instructions received hereunder are not in any way inconsistent with the provisions of organizational documents of the Fund or this Agreement or of any vote, resolution or proceeding of the Fund's ’s Board of Directors Trustees or of the Fund's ’s shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.

Instructions. (a) Unless otherwise provided in this Agreement, PFPC Trust shall act only upon Oral Instructions or Written Instructions. (b) PFPC Trust shall be entitled to rely upon any Oral Instruction Instructions or Written Instruction Instructions it receives from an Authorized Person (or from a person reasonably believed by PFPC Trust to be an Authorized Person) pursuant to this Agreement. PFPC Trust may assume that any Oral Instructions Instruction or Written Instructions Instruction received hereunder are is not in any way inconsistent with the provisions of organizational documents of the Fund or of any vote, resolution or proceeding of the Fund's Board of Directors Trustees or of the Fund's shareholders, unless and until PFPC Trust receives Written Instructions to the contrary. (c) The Fund agrees to forward to PFPC Trust Written Instructions confirming Oral Instructions (except where such Oral Instructions are given by PFPC Trust or its affiliates) so that PFPC Trust receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC Trust or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC Trust's ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC Trust shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC Trust's actions comply with the other provisions of this Agreement.