Common use of Use of Book-Entry System Clause in Contracts

Use of Book-Entry System. The Fund shall deliver to PNC Bank certified resolutions of the Fund's Governing Board approving, authorizing and instructing PNC Bank on a continuous and on-going basis, to deposit in the Book-Entry System all securities belonging to the Fund eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PNC Bank shall continue to perform such duties until it receives Written or Oral Instructions authorizing contrary actions(s). To administer the Book-Entry System properly, the following provisions shall apply: (i) With respect to securities of the Fund which are maintained in the Book-Entry system, established pursuant to this sub-paragraph e hereof, the records of PNC Bank shall identify by Book-Entry or otherwise those securities belonging to the Fund. PNC Bank shall furnish the Fund a detailed statement of the Property held for the Fund under this Agreement at least monthly and from time to time and upon written request.

Use of Book-Entry System. The Fund shall deliver to PNC Bank certified resolutions of the Fund's Governing Board approving, authorizing and instructing PNC Bank on a continuous and on-going basis, to deposit in the Book-Entry System all securities belonging to the Fund eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PNC Bank shall continue to perform such duties until it receives Written or Oral Instructions authorizing contrary actions(s). To administer the Book-Entry System properly, the following provisions shall apply: (i) With respect to securities of the Fund which are maintained in the Book-Entry system, established pursuant to this sub-paragraph e hereof, the records of PNC Bank shall identify by Book-Entry or otherwise those securities belonging to the Fund. PNC Bank shall furnish the Fund a detailed statement of the Property held for the Fund under this Agreement at least monthly and from time to time and upon written request.. (ii) Securities and any cash of the Fund deposited in the Book-Entry System will at all times be

Use of Book-Entry System. The Fund shall deliver to PNC Bank certified resolutions of the Fund's Governing Board of Directors approving, authorizing and instructing PNC Bank on a continuous and on-going basis, to deposit in the Book-Entry System all domestic securities belonging to the Fund Portfolios eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of domestic securities by the FundPortfolios, and deliveries and returns of domestic securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PNC Bank shall continue to perform such duties until it receives Written Instructions or Oral Instructions authorizing contrary actions(s)actions. To PNC Bank shall administer the Book-Entry System properly, the following provisions shall applyas follows: (i) With respect to domestic securities of the Fund each Portfolio which are maintained in the Book-Entry system, established pursuant to this sub-paragraph e hereofSystem, the records of PNC Bank shall identify by Book-Entry or otherwise those domestic securities belonging to the Fundeach Portfolio. PNC Bank shall furnish to the Fund a detailed statement of the Property held for the Fund each Portfolio under this Agreement at least monthly and from time to time and upon written request.

Use of Book-Entry System. The Fund shall deliver to PNC Bank certified ------------------------ resolutions of the Fund's Governing Board approving, authorizing and instructing PNC Bank on a continuous and on-going basis, to deposit in the Book-Entry System all securities belonging to the Fund eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Fund, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PNC Bank shall continue to perform such duties until it receives Written or Oral Instructions authorizing contrary actions(s). To administer the Book-Entry System properly, the following provisions shall apply: (i) With respect to securities of the Fund which are maintained in the Book-Entry system, established pursuant to this sub-sub- paragraph e hereof, the records of PNC Bank shall identify by Book-Entry or otherwise those securities belonging to the Fund. PNC Bank shall furnish the Fund a detailed statement of the Property held for the Fund under this Agreement at least monthly and from time to time and upon written request.