Common use of SEGREGATED ASSETS Clause in Contracts

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Fund’s Investment Advisor will instruct the custodian to segregate those assets on the custodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” The Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset status if the value of the assets falls below the commitment value of the Fund. The Custodian will provide internet report access to authorized representatives of the Advisor. The Advisor will review the Custodian’s report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Fund’s Investment Advisor will instruct the custodian Custodian to segregate those assets on the custodianCustodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” ”. The Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset status if the value of the assets falls below the commitment value of the Fund. The Custodian will provide internet Internet report access to authorized representatives of the Advisor. The Advisor will review the Custodian’s report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Fund’s Investment Advisor will instruct the custodian to segregate those assets on the custodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” ”. The Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset status if the value of the assets falls below the commitment value of the Fund. The Custodian will provide internet Internet report access to authorized representatives of the Advisor. The Advisor will review the Custodian’s report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Fund’s Investment Advisor Adviser will instruct the custodian to segregate those assets on the custodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” ”. The Advisor Investment Adviser will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset status if the value of the assets falls below the commitment value of the Fund. The Custodian will provide internet Internet report access to authorized representatives of the AdvisorFund’s Investment Adviser. The Advisor Investment Adviser will review the Custodian’s report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Fund’s 's Investment Advisor will instruct the custodian Custodian to segregate those assets on the custodian’s Custodian's books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “"segregated.” ". The Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset status if the value of the assets falls below the commitment value of the Fund. The Custodian will provide internet Internet report access to authorized representatives of the Advisor. The Advisor will review the Custodian’s 's report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Fund’s Fund 's Investment Advisor will instruct the custodian Custodian to segregate those assets on the custodian’s Custodian's books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “"segregated.” ". The Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset status if the value of the assets falls below the commitment value of the Fund. The Custodian will provide internet Internet report access to authorized representatives of the Advisor. The Advisor will review the Custodian’s 's report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund Company to segregate liquid assets sufficient to cover the future liability involved in these transactions. The FundCompany’s Investment Advisor will instruct the custodian Custodian to segregate those assets on the custodianCustodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” ”. The Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset status if the value of the assets falls below the commitment value of the FundCompany. The Custodian will provide internet Internet report access to authorized representatives of the Advisor. The Advisor will review the Custodian’s report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Fund’s 's Investment Advisor will instruct the custodian Custodian to segregate those assets on the custodian’s Custodian's books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “"segregated.” " The Investment Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset segregated asset status if the value of the assets falls below the commitment value of the Fund. The Custodian will provide internet Internet report access to authorized representatives of the Investment Advisor. The Investment Advisor will review the Custodian’s 's report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Fund Funds to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Fund’s Funds’ Investment Advisor will instruct the custodian to segregate those assets on the custodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” ”. The Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the Segregated Asset status if the value of the assets falls below the commitment value of the FundFunds. The Custodian will provide internet Internet report access to authorized representatives of the Advisor. The Advisor will review the Custodian’s report for compliance.