Common use of Release of Securities for Use as Collateral Clause in Contracts

Release of Securities for Use as Collateral. Upon receipt of proper instructions and subject to section 3(b) of Article III of the Trust Agreement, release securities belonging to the Fund to any bank or trust company for the purpose of pledge, mortgage or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of proper instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefore and upon surrender of the note or notes evidencing the loan.

Release of Securities for Use as Collateral. Upon receipt of Of proper instructions and subject to section 3(b) of Article III of the Trust Agreement, release securities belonging to the Fund to any bank or trust company for the purpose of pledge, mortgage or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of proper instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefore and upon surrender of the note or notes evidencing the loan.

Release of Securities for Use as Collateral. Upon receipt of proper instructions and subject to section 3(b) of Article III of the Trust Agreement, release securities belonging to the Fund to any bank or trust company for the purpose of pledge, mortgage or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of proper instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefore there fore and upon surrender of the note or notes evidencing the loan.

Release of Securities for Use as Collateral. Upon receipt of proper instructions and subject to section 3(b) of Article III Section 7 of the Trust AgreementFund's By-Laws, as amended, release securities belonging to the Fund to any bank or trust company or other pledgee for the purpose of pledge, mortgage pledge or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of proper instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefore therefor and upon surrender of the note or notes evidencing the loan.

Release of Securities for Use as Collateral. Upon receipt of proper instructions and subject to section 3(b) of Article III of the Trust Agreement, release securities belonging to the Fund to any bank or trust company for the purpose of pledge, mortgage or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of proper instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefore and upon surrender of the note or notes evidencing the loan.. [ insert paragraph K ]

Release of Securities for Use as Collateral. Upon receipt of proper instructions and subject to section 3(b) the Fund's By-Laws and Articles of Article III of the Trust AgreementOrganization, both as amended, release securities belonging to the Fund to any bank or Fund, trust company or other pledgee for the purpose of pledge, mortgage pledge or hypothecation to secure any loan incurred by the Fund; provided, however, that securities shall be released only upon payment to State Street of the monies borrowed, except that in cases where additional collateral is required to secure a borrowing already made, subject to proper prior authorization from the Fund, further securities may be released for that purpose. Upon receipt of proper instructions, pay such loan upon redelivery to it of the securities pledged or hypothecated therefore therefor and upon surrender of the note or notes evidencing the loan.